COVID-19 Impact and Recovery Analysis- Foundry Market in India 2020-2024 | Focus on Technology Upgrades to Boost Growth | Technavio

Technavio has announced its latest market research report titled Foundry Market in India 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the foundry market in India and it is poised to grow by USD 13.08 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Foundry Market in India Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ashok Leyland Ltd., DCM Ltd., Electrosteel Castings Ltd., Jayaswal Neco Industries Ltd., Kirloskar Ferrous Industries Ltd., Mahindra CIE Automotive Ltd., Nelcast Ltd., Sanmar Group, Tata Metaliks Ltd., and Tata Motors Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Focus on technology upgrades has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Foundry Market in India 2020-2024: Segmentation

Foundry Market in India is segmented as below:

  • End-user
    • Automotive
    • Electrical and Construction
    • Industrial Machinery
    • Agriculture
    • Others
  • Casting Type
    • Gray Iron Casting
    • Non-ferrous Casting
    • Ductile Iron Casting
    • Steel Casting
    • Malleable Casting

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Foundry Market in India 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The foundry market in India report covers the following areas:

  • Foundry Market in India Size
  • Foundry Market in India Trends
  • Foundry Market in India Industry Analysis

This study identifies the formation of foundry clusters as one of the prime reasons driving the foundry market growth in India during the next few years.

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Foundry Market in India 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist foundry market growth in India during the next five years
  • Estimation of the foundry market size in India and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the foundry market in India
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of foundry market vendors in India

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user placement
  • Automotive - Market size and forecast 2019-2024
  • Electrical and construction - Market size and forecast 2019-2024
  • Industrial machinery - Market size and forecast 2019-2024
  • Agriculture - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Casting Type

  • Market segments
  • Comparison by Casting type placement
  • Gray iron casting - Market size and forecast 2019-2024
  • Non-ferrous casting - Market size and forecast 2019-2024
  • Ductile iron casting - Market size and forecast 2019-2024
  • Steel casting - Market size and forecast 2019-2024
  • Malleable casting - Market size and forecast 2019-2024
  • Market opportunity by Casting type

Customer Landscape

  • Overview

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Vendor Analysis

Vendors covered

  • Market positioning of vendors
  • Ashok Leyland Ltd.
  • DCM Ltd.
  • Electrosteel Castings Ltd.
  • Jayaswal Neco Industries Ltd.
  • Kirloskar Ferrous Industries Ltd.
  • Mahindra CIE Automotive Ltd.
  • Nelcast Ltd.
  • Sanmar Group
  • Tata Metaliks Ltd.
  • Tata Motors Ltd.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The Foundry Market in India will grow by USD 13.08 bn during 2020-2024


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200