Foundry Market in India 2017-2021

  • ID: 3946591
  • Report
  • Region: India
  • 67 pages
  • TechNavio
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FEATURED COMPANIES

  • Ashok Iron Works
  • Brakes India
  • Cooper
  • DCM Engineering
  • Electrosteel Castings
  • Hinduja Foundries
  • MORE
About Foundry Market

A foundry is a workshop for manufacturing metal castings, wherein molten or liquid metal is poured into a mold made of metal, sand, or a ceramic substance. The metal casting comprises a hollow cavity of the desired shape to form geometrically complex parts when liquid metal is poured into it. All major metals like iron, magnesium, aluminum, zinc, steel, and copper-based alloys can be used to make castings. Metal castings find applications in cars, trucks, planes, trains, mining and construction equipment, oil wells, pipes, toys, space shuttles, wind turbines, and nuclear plants.

The analysts forecast the foundry market in India to grow at a CAGR of 10.08% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the foundry market in India for 2017-2021. To calculate the market size, the report considers the revenue generated from the production value of castings manufactured by the foundry market in India.

The report, Foundry Market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Electrosteel Castings
- Hinduja Foundries
- Nelcast
- Rail Wheel Factory

Other prominent vendors
- Ashok Iron Works
- Brakes India
- Cooper
- DCM Engineering
- Jayaswal Neco Industries
- Kirloskar Ferrous Industries
- Mahindra Hinoday Industries
- Sakthi Auto Components
- Tata Motors (Production Engineering)
- Welcast Steels

Market drivers
- Passage of GST bill by parliament.
- For a full, detailed list, view the full report

Market challenges
- Environmental issues leading to increasing environmental cost.
- For a full, detailed list, view the full report

Market trends
- Increasing investments in foundry market in India.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ashok Iron Works
  • Brakes India
  • Cooper
  • DCM Engineering
  • Electrosteel Castings
  • Hinduja Foundries
  • MORE
PART 01: Executive summary

PART 02: Scope of the report
  • Definition
  • Base year and forecast period
  • Market reportage
  • Market size computation
  • Market segmentation
  • Vendor segmentation
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by casting type
  • Market overview
  • Gray iron casting
  • Non-ferrous casting
  • Ductile iron casting
  • Steel casting
  • Malleable casting
PART 07: Market segmentation by end-users
  • Market overview
  • Automotive industry
  • Electrical and construction industry
  • Industrial machinery industry
  • Agriculture industry
  • Other industries
PART 08: Market segmentation by trade
  • Market overview
  • Exports
  • Imports
  • Foundry market in India by type
PART 09: Market drivers
  • Focus on technology upgrades
  • Make in India initiative
  • Passage of GST bill by parliament
  • Increasing confidence within foundry industry
PART 10: Impact of drivers

PART 11: Market challenges
  • Environmental issues leading to increasing environmental cost
  • Lack of highly skilled manpower
  • Intense competition within industry
  • Decline in growth of agriculture sector
PART 12: Impact of drivers and challenges

PART 13: Market trends
  • IIF in-plant training program
  • Formation of foundry clusters
  • Increasing investments in foundry market in India
PART 14: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 15: Appendix
  • List of abbreviations
PART 16: About the Author

Exhibit 01: Segmentation of foundry market in India
Exhibit 02: Product offerings
Exhibit 03: Foundry market in India by revenue 2016-2021 ($ billions)
Exhibit 04: Foundry market in India by production 2016-2021 (million metric tons)
Exhibit 05: Five forces analysis
Exhibit 06: Segmentation of foundry market in India by casting type 2016-2021 (% share)
Exhibit 07: Foundry market in India by gray iron casting 2016-2021 ($ billions)
Exhibit 08: Foundry market in India by non-ferrous casting 2016-2021 ($ billions)
Exhibit 09: Foundry market in India by ductile iron casting 2016-2021 ($ billions)
Exhibit 10: Foundry market in India by steel casting 2016-2021 ($ billions)
Exhibit 11: Foundry market in India by malleable casting 2016-2021 ($ billions)
Exhibit 12: Segmentation of foundry market in India by end-users 2016-2021 (% share)
Exhibit 13: Foundry market in India by automotive industry 2016-2021 ($ billions)
Exhibit 14: Foundry market in India by electrical and construction industry 2016-2021 ($ billions)
Exhibit 15: Foundry market in India by industrial machinery industry 2016-2021 ($ billions)
Exhibit 16: Foundry market in India by agriculture industry 2016-2021 ($ billions)
Exhibit 17: Foundry market in India by other industries 2016-2021 ($ billions)
Exhibit 18: Foundry market in India segmentation by trade 2011-2016 ($ millions)
Exhibit 19: Foundry market in India by exports 2012-2016 ($ millions)
Exhibit 20: Foundry market in India by imports 2012-2016 ($ millions)
Exhibit 21: Foundry market in India by type 2016 (%)
Exhibit 22: Impact of drivers
Exhibit 23: Impact of drivers and challenges
Exhibit 24: Foundry units by end-users: Market share in Batala and Jalandhar
Exhibit 25: Foundry units by end-users: Market share in Belgaum
Exhibit 26: Foundry units by end-users: Market share in Coimbatore
Exhibit 27: Foundry units by end-users: Market share in Kolhapur
Exhibit 28: Foundry units by end-users: Market share in Rajkot
Exhibit 29: Electrosteel Castings: Business segmentation
Exhibit 30: Hinduja Foundries: Business segmentation
Exhibit 31: Nelcast: Business segmentation
Exhibit 32: Rail Wheel Factory: Business segmentation
Exhibit 33: Other prominent vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ashok Iron Works
  • Brakes India
  • Cooper
  • DCM Engineering
  • Electrosteel Castings
  • Hinduja Foundries
  • MORE
New Report Released: – Foundry Market in India 2017-2021

The author of the report recognizes the following companies as the key players in the foundry market in India: Electrosteel Castings, Hinduja Foundries, Nelcast, and Rail Wheel Factory.

Other prominent vendors in the market are: Ashok Iron Works, Brakes India, Cooper, DCM Engineering, Jayaswal Neco Industries, Kirloskar Ferrous Industries, Mahindra Hinoday Industries, Sakthi Auto Components, Tata Motors (Production Engineering), and Welcast Steels.

Commenting on the report, an analyst from the research team said: “One of latest trends in the market is IIF in-plant training program. The IIF has established its center of education and training at Kolkata, which conducts various skill development programs regularly. A modular training program is conducted, which is equivalent to graduating in foundry technology and is also recognized by the Ministry of HRD. The IIF regularly conducts various technical seminars with the help of its 26 chapters spread throughout the country to impart exposure to the best practices and latest development in the foundry technology. Kolhapur chapter has also introduced several skill development programs supported by the local government in association with the polytechnic institute. Such initiative needs to be replicated and upscaled.”

According to the report, one of the primary drivers in the market is make in India initiative. The automobile sector is responsible for generating 60% demand for the casting production in the country. Demand from sectors such as infrastructure, oil, and mining has slowed down. The automobile sector has shown promising growth in India since 2014. The foundries expect growth for both ferrous and non-ferrous castings in defense procurement. The industry needs to invest and increase capacity, though it is approximately operating at 50% excess capacity. The industry should be energy-efficient and have skilled manpower. For instance, all medium and large-scale foundries are planning to have sand reclamation plants for reuse of sand in order to reduce energy consumption during manufacturing process.

Further, the report states that one major challenge in the market is environmental issues leading to increasing environmental cost. Tightening of government regulations on the release of waste produced by foundries in the environment is leading to increased investment in waste recycling process and technologies. This is hindering the growth of the Indian foundry market, as the majority of the Indian foundries are MSMEs with low market capitalization. Foundries are responsible for the emission of harmful and poisonous gases and solid wastes that cannot be reused. The waste products generated depend on the type of molding technology, furnace, and metal used by the foundries during metal casting. Foundries that use non-ferrous and steel metals to produce casting generate harmful waste because of the cadmium, lead, zinc, and other metals present in the waste. Cupola furnaces cause more air pollution than induction furnaces. Also, induction furnace offers precise control on melting process and temperature.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- Electrosteel Castings
- Hinduja Foundries
- Nelcast
- Rail Wheel Factory
- Ashok Iron Works
- Brakes India
- Cooper
- DCM Engineering
- Jayaswal Neco Industries
- Kirloskar Ferrous Industries
- Mahindra Hinoday Industries
- Sakthi Auto Components
- Tata Motors (Production Engineering)
- Welcast Steels.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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