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レポート概要
| Mordor Intelligence社は、2020年に10.9億ドルであった自動車部品用アルミダイカストのインド市場規模が、2021年から2026年の間に年平均8.8％成長し、2026年までに18.1億ドルに達すると予測しています。本調査レポートは、インドの自動車部品用アルミダイカスト市場について調査・分析し、イントロダクション、調査手法、エグゼクティブサマリー、市場動向、製品プロセス別分析、用途別分析、競争状況、市場機会/将来の見通しなどを掲載しています。 |
The Indian automotive parts aluminum die casting market was valued at USD 1.09 Billion in 2020 and is expected to reach USD 1.81 Billion by the year 2026. The India Automotive Parts Aluminum Die Casting Market is anticipated to register a CAGR of over 8.8 % during the forecast period (2021 – 2026).
The COVID-19 outbreak hit the automobile industry adversely. The disruptions caused in the supply chain as several major economies of the world were in lockdown. All the manufacturing units and OEM plants were forced to halt production and operations during this period. With the recovery of economies, the demand returned to the market witnessing huge demand for passenger cars as the consumer preference changed from public transport to personal vehicles. The trend is expected to continue and drive market growth.
The increasing penetration of die casting parts in the automotive industry and the rising vehicle sales have augmented the market growth, globally. Moreover, the rapid implementation of stringent government regulations to curb automobile emissions and increasing fuel efficiency has catalyzed the demand for lightweight, non-ferrous metals in the automobile industry.
With the advent of improved casting technology, high precision and digital machinery are increasingly being used for enhancing the quality and durability of aluminum casts for automobile applications. The factors mentioned above may continue to bolster the growth of the Indian automotive parts aluminum die casting market in the upcoming years.
Key Market Trends
Growing Foreign Direct Investment (FDI) is Driving the Market
The Government of India encourages foreign investment in the automobile sector and has allowed 100% foreign direct investment (FDI) under the automatic route. Some of the recent initiatives taken by the Government of India are :
- In Union Budget 2021-2022, the government introduced the voluntary vehicle scrappage policy, which is likely to boost demand for new vehicles after removing old unfit vehicles currently plying on the Indian roads.
- In February 2021, the Delhi government started the process to set up 100 vehicle battery charging points across the state to push the adoption of electric vehicles.
- The Union Cabinet outlaid Rs. 57,042 crore (USD 7.81 billion) for the automobiles and auto components sector in the production-linked incentive (PLI) scheme under the Department of Heavy Industries.
The automobile industry is supported by various factors, such as the availability of skilled labor at low cost, robust R&D centers, and low-cost production. The industry also provides great opportunities for investment and direct and indirect employment to skilled and unskilled labor. The Indian automotive industry (including component manufacturing) is expected to reach INR 16.16-18.18 trillion by 2026. The Indian automotive industry is expected to record strong growth in 2021-2022, post recovering from the effects of the COVID-19 pandemic. The auto industry is likely to witness positive sales in 2021-22, which further helps the growth of the market.
Indian auto industry is the fourth-largest, globally, owing to which international and national auto manufacturers are expanding their businesses in the country. For Instance,
- In February 2021, MG Motors announced that INR 1,500 crore may be invested in the expansion and localization of its business to increase its production capacity at the Halol plant in Gujarat.
- In June 2020, Chinese vehicle maker, Great Wall Motors Co. Ltd, (GWM) committed an investment of USD 1 billion for its India business also signed a memorandum of understanding (MoU) with the Maharashtra government for investments.
- In February 2020, one of the largest automobile manufacturers in the world, BMW Motorrad, signed a long-term strategic partnership with TVS Motor Company to manufacture sub-500cc motorcycles in Infor the global markets. BMW Motorrad, in collaboration with TVS Motor Company, has launched three products on the 310cc named BMW G 310 R, BMW 310 GS, and TVS Apache RR 310.
Gravity Die Casting is Expected to Witness the Fastest Growth
Gravity Die casting is one of the oldest ways to die casting. This die casting process is used for producing accurately dimensioned, sharply defined, smooth, or textured surface metal parts. The main advantage of gravity die casting is its high speed of production. The reusable die tooling allows for many hundreds of castings to be produced in a day. High definition parts reduce machining costs, and superior surface finish reduces finishing costs.
Simulation-based castings are one of the key trends that may drive the growth of the die casting market in the forthcoming years. The simulation-based casting process is used to produce cost-effective components, have high precision, and are reliable. This casting process involves various benefits, one of which ensures easy and accurate fault detection. Moreover, simulation-based manufacturing results in reduced wastage and operational costs. Additionally, they can predict defects and their location easily, and more precisely than the conventional method.
India has the world’s second-largest foundry industry. Foundries in India can produce die casting products that serve a wide range of automobile applications conforming to international standards. The government’s focus on Make in India, developing the automotive industry, and the stringent emission norms drive the market for automotive parts aluminum die castings in the country. The castings consumed by the automotive sector accounted for 35% of the country’s production.
Lightweight cast components made from aluminum are becoming increasingly popular, as they meet the weight reduction objectives without compromising on strength, reliability, and durability. However, gradual shifting focus toward zinc die casting in cars and parts may hinder the growth of the market.
Competitive Landscape
The Indian automotive aluminum diecasting industry is now matured and has started catering to both domestic and international customers. The availability of skilled labor and the usage of advanced machinery and technology are key factors for this growth.
Sandhar Group, Rockman Industries, Spark Minda Group, Endurance Technologies Limited, Rico Auto Industries, Dynacast (Form Technologies), Rheinmetall Automotive AG, and Nemak are the major players in the Indian automotive parts Aluminum die casting market. The Indian Automotive Parts Aluminum Die Casting industry is fairly fragmented, with major players, such as Rockman Industries, Sandhar Group, Rico Auto Industries, Spark Minda, Rheinmetall, and Nemak, accounting for over 56% of the market.
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1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Buyers/Consumers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Production Process
5.1.1 Pressure Die Casting
5.1.2 Vaccum Die Casting
5.1.3 Squeeze Die Casting
5.1.4 Gravity Die Casting
5.2 By Application Type
5.2.1 Body Parts
5.2.2 Engine Parts
5.2.3 Transmission Parts
5.2.4 Other Applications
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Sandhar Group
6.2.2 Rockman Industries
6.2.3 Sipra Quality Die Casting
6.2.4 Spark Minda Group
6.2.5 Endurance Technologies Limited
6.2.6 Samvardhana Motherson
6.2.7 Rico Auto Industries
6.2.8 Form Technologies (Dynacast)
6.2.9 Rheimetall Automotive AG
6.2.10 Nemak SAB De CV
6.2.11 Jaya Hind Industries Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS