| Product Code: ETC286104 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India casting equipment market import shipment demonstrated robust growth with a notable CAGR from 2020-2024. The growth rate between 2023 and 2024 accelerated, indicating a market that expanded significantly over the period, reflecting strong momentum and a positive overall trend in imports.
The India casting equipment market is a crucial segment of the country`s manufacturing and foundry industry. Casting equipment is used in the process of metal casting, which involves pouring molten metal into a mold to create various components and products. The market`s outlook is positive, driven by factors such as the growing demand for precision and complex castings in industries like automotive, aerospace, and construction. Additionally, the government`s initiatives to boost manufacturing and infrastructure development further support the demand for casting equipment in India. The adoption of advanced technologies like 3D printing and automation in the casting process also contributes to market growth. However, challenges related to the high cost of equipment and the need for skilled operators hinder the market`s full potential. Key players in the market offer a wide range of casting equipment, including die casting machines, sand casting equipment, and investment casting machines, catering to the diverse needs of the manufacturing sector in India.
The India casting equipment market is expected to witness significant growth due to several key drivers. Firstly, the growth of the automotive and aerospace industries in India is driving the demand for casting equipment. The need for precision and complex casting processes to manufacture lightweight and efficient components for vehicles and aircraft is fueling the adoption of advanced casting equipment. Secondly, the construction industry`s expansion, driven by urbanization and infrastructure projects, is boosting the demand for casting equipment to produce high-quality and durable construction materials. Additionally, government initiatives promoting "Make in India" and the ease of doing business are encouraging investments in manufacturing and industrial sectors, thereby driving the demand for casting equipment to support local production.
The India casting equipment market faces several challenges that impact its growth and development. Firstly, the high initial cost of casting equipment poses a barrier for small and medium-scale foundries. Investing in advanced casting technology and machinery requires significant capital investment, which can be challenging for small players to afford. Secondly, the lack of skilled labor and technicians proficient in operating modern casting equipment hinders the efficient utilization of these machines. Finding trained personnel who can handle sophisticated equipment and ensure optimal productivity remains a challenge for the industry. Additionally, the environmental concerns related to the casting process, such as emissions and waste generation, have led to stricter regulatory standards. Compliance with environmental regulations adds to the operational costs for casting equipment manufacturers and users, posing a challenge for sustainability. The industry must focus on adopting eco-friendly and energy-efficient technologies to mitigate these challenges and align with evolving environmental norms.
The India casting equipment market is expected to witness steady growth in the coming years. The growth of the automotive, aerospace, and construction industries in India is driving the demand for casting equipment used in metal casting processes. Additionally, the government`s initiatives to promote domestic manufacturing and the `Make in India` campaign are further boosting the demand for casting equipment in the country. The market is also witnessing advancements in technology, such as the adoption of automation and digitalization in casting processes, which is expected to improve efficiency and productivity. However, the COVID-19 pandemic had a significant impact on the market. The lockdowns and disruptions in supply chains and manufacturing activities affected the demand for casting equipment in 2025. Nevertheless, with the gradual resumption of economic activities and recovery in industries, the casting equipment market is expected to bounce back and show promising growth prospects in the post-pandemic era.
The India casting equipment market is witnessing steady growth due to the expansion of the automotive, construction, and manufacturing industries in the country. Key players in this market include DISA India Limited, Maus Group, Suzhou Bofa Foundry Machinery Co. Ltd., and EMI (Equipment Manufacturers International). These companies offer a wide range of casting equipment, including molding machines, sand mixers, and pouring systems. With a focus on technological innovation, automation, and energy efficiency, these key players are well-positioned to meet the growing demand for advanced casting solutions in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Casting Equipment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Casting Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 India Casting Equipment Market - Industry Life Cycle |
3.4 India Casting Equipment Market - Porter's Five Forces |
3.5 India Casting Equipment Market Revenues & Volume Share, By Casting type, 2021 & 2031F |
3.6 India Casting Equipment Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.7 India Casting Equipment Market Revenues & Volume Share, By Machine Type, 2021 & 2031F |
3.8 India Casting Equipment Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Casting Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the automotive industry in India, leading to increased demand for casting equipment. |
4.2.2 Expansion of the construction sector in India, driving the need for casting equipment for infrastructure development. |
4.2.3 Government initiatives such as "Make in India" promoting domestic manufacturing, boosting the demand for casting equipment. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of casting equipment. |
4.3.2 Intense competition in the market leading to price wars and pressure on profit margins. |
4.3.3 Technological advancements leading to the need for continuous investment in RD to stay competitive. |
5 India Casting Equipment Market Trends |
6 India Casting Equipment Market, By Types |
6.1 India Casting Equipment Market, By Casting type |
6.1.1 Overview and Analysis |
6.1.2 India Casting Equipment Market Revenues & Volume, By Casting type, 2021-2031F |
6.1.3 India Casting Equipment Market Revenues & Volume, By Expendable mold casting, 2021-2031F |
6.1.4 India Casting Equipment Market Revenues & Volume, By Non Expendable mold casting, 2021-2031F |
6.2 India Casting Equipment Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 India Casting Equipment Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Casting Equipment Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.4 India Casting Equipment Market Revenues & Volume, By Defense, 2021-2031F |
6.2.5 India Casting Equipment Market Revenues & Volume, By Pump & Valve, 2021-2031F |
6.2.6 India Casting Equipment Market Revenues & Volume, By Energy & Power generation, 2021-2031F |
6.2.7 India Casting Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Casting Equipment Market, By Machine Type |
6.3.1 Overview and Analysis |
6.3.2 India Casting Equipment Market Revenues & Volume, By Vertical machine, 2021-2031F |
6.3.3 India Casting Equipment Market Revenues & Volume, By Horizontal machine, 2021-2031F |
6.4 India Casting Equipment Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 India Casting Equipment Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 India Casting Equipment Market Revenues & Volume, By Offline, 2021-2031F |
7 India Casting Equipment Market Import-Export Trade Statistics |
7.1 India Casting Equipment Market Export to Major Countries |
7.2 India Casting Equipment Market Imports from Major Countries |
8 India Casting Equipment Market Key Performance Indicators |
8.1 Capacity utilization rate of casting equipment manufacturers. |
8.2 Number of new product innovations introduced in the market. |
8.3 Adoption rate of digital technologies in the casting equipment manufacturing processes. |
9 India Casting Equipment Market - Opportunity Assessment |
9.1 India Casting Equipment Market Opportunity Assessment, By Casting type, 2021 & 2031F |
9.2 India Casting Equipment Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.3 India Casting Equipment Market Opportunity Assessment, By Machine Type, 2021 & 2031F |
9.4 India Casting Equipment Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Casting Equipment Market - Competitive Landscape |
10.1 India Casting Equipment Market Revenue Share, By Companies, 2024 |
10.2 India Casting Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |