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India Metal Casting Market

ID: MRFR/CnM/47821-HCR
111 Pages
Chitranshi Jaiswal
October 2025

India Metal Casting Market Research Report: By (Cast Iron, Aluminum, Stainless Steel, Zinc, Magnesium), By Material Type (Cast Iron, Aluminum, Stainless Steel, Zinc, Magnesium), By Process (Sand Casting, Die Casting, Shell Mold Casting, Gravity Casting, Vacuum Casting), and By End-Use Industry (Automotive & Transportation, Building & Construction, Mining, Equipment & Machine, Consumer Goods) - Forecast to 2035.

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India Metal Casting Market Summary

As per analysis, the India metal casting market is projected to grow from USD 18.73 Billion in 2024 to USD 30.08 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.4% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The India metal casting market is poised for growth driven by technological advancements and increasing demand across key sectors.

  • Technological advancements in casting processes are enhancing efficiency and product quality in the metal casting market.
  • The automotive sector remains the largest segment, with rising demand for lightweight and durable components driving growth.
  • Sustainability and eco-friendly practices are becoming increasingly important, influencing production methods and material choices.
  • Growing infrastructure development and government policies are key drivers, alongside the expansion of the aerospace sector, which is the fastest-growing segment.

Market Size & Forecast

2024 Market Size 18.73 (USD Billion)
2035 Market Size 30.08 (USD Billion)
CAGR (2025 - 2035) 4.4%

Major Players

Bharat Forge (IN), Tata Steel (IN), Mahindra Susten (IN), Jindal Steel and Power (IN), Hindalco Industries (IN), Sundaram Clayton (IN), Kirloskar Ferrous Industries (IN), Amtek Auto (IN), Precision Castparts Corp (US)

India Metal Casting Market Trends

The India metal casting market is currently experiencing a dynamic evolution, driven by various factors including industrial growth, technological advancements, and increasing demand from diverse sectors. The automotive industry, in particular, plays a pivotal role, as it requires high-quality cast components for manufacturing vehicles. Additionally, the rise of electric vehicles is likely to influence the types of materials and processes utilized in casting, as manufacturers seek to optimize performance and sustainability. Furthermore, the construction sector's expansion contributes to the demand for metal castings, as infrastructure projects necessitate durable and reliable materials. Moreover, the market appears to be adapting to environmental regulations, with a noticeable shift towards eco-friendly practices. This includes the adoption of green sand casting and other sustainable methods that minimize waste and energy consumption. The integration of advanced technologies, such as automation and artificial intelligence, is also becoming more prevalent, enhancing efficiency and precision in production processes. As the India metal casting market continues to grow, it seems poised to embrace innovation while addressing the challenges of sustainability and quality assurance.

Technological Advancements in Casting Processes

The India metal casting market is witnessing a surge in technological innovations, particularly in the areas of automation and digitalization. These advancements enhance production efficiency and improve the quality of cast products. Manufacturers are increasingly adopting computer-aided design and simulation tools, which allow for better planning and execution of casting processes. This trend not only reduces lead times but also minimizes defects, thereby increasing overall competitiveness.

Sustainability and Eco-Friendly Practices

There is a growing emphasis on sustainability within the India metal casting market, as companies strive to meet environmental regulations and consumer expectations. The adoption of eco-friendly materials and processes, such as green sand casting, is becoming more common. This shift reflects a broader commitment to reducing the carbon footprint and promoting responsible manufacturing practices, which may enhance the market's appeal to environmentally conscious clients.

Rising Demand from the Automotive Sector

The automotive industry remains a key driver of growth in the India metal casting market. As vehicle production increases, the need for high-quality cast components becomes more pronounced. This trend is further amplified by the shift towards electric vehicles, which require specialized castings for battery housings and other components. Consequently, manufacturers are adapting their offerings to cater to the evolving needs of this sector, ensuring they remain relevant in a competitive landscape.

Market Segment Insights

By Application: Automotive (Largest) vs. Aerospace (Fastest-Growing)

In the India metal casting market, the application segment is significantly influenced by various industry demands. The automotive sector dominates the market, driven by the increasing production of vehicles and a rising preference for lightweight materials. This is followed by industrial machinery and construction, which also hold substantial shares due to ongoing infrastructural developments. Electronics and aerospace, while smaller in comparison, are rapidly evolving segments, reflecting the diversification of the market.

Automotive: Dominant vs. Aerospace: Emerging

The automotive segment stands out as the dominant application in the India metal casting market, benefiting from robust vehicle production and a shift towards innovative lightweight solutions. Manufacturers are focusing on high-strength materials to improve fuel efficiency and performance. On the other hand, the aerospace segment is emerging rapidly, propelled by rising air travel and increased investments in defense. This sector emphasizes precision and quality, leading to advancements in casting techniques. Both segments showcase distinct characteristics, with automotive prioritizing mass production efficiency and aerospace demanding precision engineering.

By Material Type: Ferrous (Largest) vs. Non-Ferrous (Fastest-Growing)

In the India metal casting market, Ferrous materials hold the largest market share, reflecting their widespread applicability in various industries such as automotive and machinery. Non-Ferrous materials, although currently smaller in share, are gaining traction due to their lightweight properties and resistance to corrosion, appealing to modern manufacturing needs. This distribution showcases the dominance of Ferrous while signaling the evolving preference towards Non-Ferrous options. The growth trends indicate a strong future for both segments, driven by increasing demand for lightweight components in automotive and aerospace applications. The push for sustainable practices and recycling also benefits Non-Ferrous materials, fostering innovation in casting technologies. As industries evolve, their adaptability to end-user requirements will be key in shaping market dynamics for these material types.

Ferrous (Dominant) vs. Ductile Iron (Emerging)

Ferrous materials are currently the dominant force in the India metal casting market, primarily due to their versatility, strength, and cost-effectiveness. They are extensively used in various applications, from heavy machinery to construction. On the other hand, Ductile Iron represents an emerging segment due to its superior mechanical properties, which combine strength with ductility. The adoption of Ductile Iron is increasing, especially in applications like automotive components, where high performance and reliability are critical. Its unique characteristics, such as enhanced wear resistance and shock absorption, position it favorably for future growth, appealing to manufacturers seeking advanced material solutions.

By Process Type: Sand Casting (Largest) vs. Die Casting (Fastest-Growing)

In the India metal casting market, the process type segment is diverse, consisting of sand casting, die casting, investment casting, centrifugal casting, and shell molding. Among these, sand casting holds the largest share due to its wide acceptance in various industries for its cost-effectiveness and versatility. Die casting, although smaller in share compared to sand casting, is increasingly being recognized for its efficiency in high-volume production and precision, marking it as the fastest-growing process type in the market.

Die Casting (Dominant) vs. Centrifugal Casting (Emerging)

Die casting has established itself as a dominant process type in the India metal casting market, thanks to its ability to produce complex geometries with high precision in mass production settings. It is particularly favored in the automotive and consumer electronics industries, where the demand for lightweight yet sturdy components is rising. On the other hand, centrifugal casting is emerging as a viable option for manufacturing cylindrical parts with enhanced mechanical properties. This process is gaining traction in industries like construction and oil, where the need for strong, durable castings is critical. As technology advances, both methods are expected to witness significant innovations and growth.

Get more detailed insights about India Metal Casting Market

Key Players and Competitive Insights

The competitive dynamics of the metal casting market in India are characterized by a blend of innovation, strategic partnerships, and a focus on sustainability. Key players such as Bharat Forge (IN), Tata Steel (IN), and Jindal Steel and Power (IN) are actively shaping the landscape through various strategic initiatives. Bharat Forge (IN) has positioned itself as a leader in the sector by emphasizing technological advancements and expanding its product portfolio to cater to diverse industries, including automotive and aerospace. Tata Steel (IN), on the other hand, is leveraging its extensive experience in steel production to enhance its casting capabilities, focusing on high-quality products and sustainable practices. Jindal Steel and Power (IN) is also making strides by investing in advanced manufacturing technologies, which collectively contribute to a competitive environment that prioritizes innovation and operational efficiency.

The market structure appears moderately fragmented, with several players vying for market share. Key business tactics such as localizing manufacturing and optimizing supply chains are prevalent among these companies. This localized approach not only reduces operational costs but also enhances responsiveness to market demands. The collective influence of these major players fosters a competitive atmosphere where agility and adaptability are crucial for success.

In November 2025, Bharat Forge (IN) announced a strategic partnership with a leading technology firm to develop advanced casting solutions utilizing AI and machine learning. This collaboration is expected to enhance production efficiency and reduce waste, aligning with the growing emphasis on sustainability within the industry. The strategic importance of this move lies in its potential to position Bharat Forge (IN) as a frontrunner in the adoption of smart manufacturing technologies, thereby enhancing its competitive edge.

In October 2025, Tata Steel (IN) unveiled a new facility dedicated to producing high-performance castings for the automotive sector. This investment not only signifies Tata Steel's commitment to expanding its capabilities but also reflects a broader trend towards specialization in high-value segments. The establishment of this facility is likely to strengthen Tata Steel's market position and cater to the increasing demand for lightweight and durable components in the automotive industry.

In September 2025, Jindal Steel and Power (IN) launched an initiative aimed at reducing carbon emissions in its casting processes. This initiative underscores the company's commitment to sustainability and aligns with global trends towards greener manufacturing practices. By adopting cleaner technologies, Jindal Steel and Power (IN) not only enhances its corporate responsibility but also positions itself favorably in a market that increasingly values environmental stewardship.

As of December 2025, the competitive trends in the metal casting market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the need to collaborate to enhance their technological capabilities. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to adapt to these evolving trends.

Key Companies in the India Metal Casting Market market include

Industry Developments

Recent developments in the India Metal Casting Market showcase significant activity and growth potential among key companies.

In October 2023, Gujarat Metal Casting expanded its operations to include new innovations in lightweight casting technology, enhancing the efficiency of automotive parts manufacturing. Satyam Metals, focusing on diversifying its product offerings, launched a range of ductile iron castings in December 2022 to cater specifically to infrastructure projects.

In the same month, Mahindra Susten signed a strategic partnership with ISGEC Heavy Engineering to incorporate advanced metal casting techniques into renewable energy sector applications. Notably, in July 2022, Jindal Steel and Power completed the acquisition of a controlling stake in a leading foundry, strengthening its position in the metal casting landscape.

Additionally, Tata Steel announced significant investments in expanding their foundry capabilities in February 2023, aimed at meeting the growing demand from the automotive sector. The overall valuation of the metal casting market in India is on an upward trajectory, driven by these developments and increased infrastructure investments.

Major players like Bhilai Steel Plant and Kirloskar Ferrous Industries are also contributing to this growth through enhanced production capabilities and product innovation.

Future Outlook

India Metal Casting Market Future Outlook

The India metal casting market is poised for growth at 4.4% CAGR from 2024 to 2035, driven by increasing automotive demand, infrastructure development, and technological advancements.

New opportunities lie in:

  • Investment in advanced automation technologies for enhanced production efficiency.
  • Expansion into sustainable casting materials to meet environmental regulations.
  • Development of customized casting solutions for niche industries like aerospace.

By 2035, the market is expected to solidify its position as a key player in India's manufacturing landscape.

Market Segmentation

India Metal Casting Market Application Outlook

  • Automotive
  • Aerospace
  • Industrial Machinery
  • Construction
  • Electronics

India Metal Casting Market Process Type Outlook

  • Sand Casting
  • Die Casting
  • Investment Casting
  • Centrifugal Casting
  • Shell Molding

India Metal Casting Market Material Type Outlook

  • Ferrous
  • Non-Ferrous
  • Alloy
  • Ductile Iron
  • Gray Iron

Report Scope

MARKET SIZE 202418.73(USD Billion)
MARKET SIZE 202519.55(USD Billion)
MARKET SIZE 203530.08(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)4.4% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledBharat Forge (IN), Tata Steel (IN), Mahindra Susten (IN), Jindal Steel and Power (IN), Hindalco Industries (IN), Sundaram Clayton (IN), Kirloskar Ferrous Industries (IN), Amtek Auto (IN), Precision Castparts Corp (US)
Segments CoveredApplication, Material Type, Process Type
Key Market OpportunitiesAdoption of advanced manufacturing technologies enhances efficiency in the India metal casting market.
Key Market DynamicsRising demand for lightweight components drives innovation in India's metal casting technologies and processes.
Countries CoveredIndia

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FAQs

What is the projected market size of the India Metal Casting Market by 2035?

The projected market size of the India Metal Casting Market is expected to reach 25.48 USD Billion by 2035.

What was the market value of the India Metal Casting Market in 2024?

The market value of the India Metal Casting Market in 2024 was 13.48 USD Billion.

What is the expected CAGR for the India Metal Casting Market between 2025 to 2035?

The expected CAGR for the India Metal Casting Market from 2025 to 2035 is 5.958 %.

Which segment of the India Metal Casting Market is projected to have the highest value in 2035?

The Cast Iron segment is projected to have the highest value in 2035 at 8.01 USD Billion.

Who are the key players in the India Metal Casting Market?

Key players in the India Metal Casting Market include Gujarat Metal Casting, Satyam Metals, Mahindra Susten, and Tata Steel.

What was the market size of the Aluminum segment in 2024?

The market size of the Aluminum segment in 2024 was valued at 3.4 USD Billion.

What challenges does the India Metal Casting Market face?

The India Metal Casting Market faces challenges such as fluctuating raw material prices and increasing competition.

What impact do global scenarios have on the India Metal Casting Market?

Current global scenarios may impact the supply chain and pricing strategies within the India Metal Casting Market.

What is the expected market size for the Stainless Steel segment by 2035?

The expected market size for the Stainless Steel segment by 2035 is 4.92 USD Billion.

Which metal casting sub-segment is anticipated to show significant growth in the coming years?

The Aluminum sub-segment is anticipated to show significant growth, reaching 7.08 USD Billion by 2035.

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