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India Foundry Market

India Foundry Market By Casting Processes (Sand Casting, Investment Casting, Die Casting, Permanent Mold Casting); By Application (Automotive, Aerospace, Construction & Infrastructure, Energy); By Foundry Size and Scale (Large Foundries, Small & Medium Sized Foundries) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
India Foundry Market Size 2024	USD26,026.65 million
India Foundry Market , CAGR	11.29%
India Foundry Market Size 2032	USD61,258.16 million

Market Overview

The India Foundry Market is projected to grow from USD26,026.65 million in 2024 to an estimated USD61,258.16 million based on 2032, with a compound annual growth rate (CAGR) of 11.29% from 2025 to 2032. The market valued USD26,026.65 million in 2024, driven by demand for cast components in automotive, infrastructure, and machinery sectors.

Key drivers include robust growth in the automotive sector, which accounts for over 40 percent of casting volume, and infrastructure development requiring equipment components. Renewable energy projects spur demand for turbine castings and valve assemblies. Market players adopt Industry 4.0 technologies such as IoT-enabled monitoring and simulation software to improve yield and improve product quality. The shift toward lightweight aluminum castings in electric vehicles and integration of green sand molding processes reflect trends enhancing efficiency and sustainability.

Geographically, western and southern states dominate production with established clusters in Gujarat, Maharashtra, and Tamil Nadu. Emerging hubs in Karnataka and Andhra Pradesh increase regional output, while northern centers in Haryana and Punjab supply industry zones. Major players such as Jayaswal Neco Industries, Electrosteel Castings, Texmaco Castings and Tyres, and Mantena Foundries lead the competitive landscape. These companies leverage extensive manufacturing networks and long-standing OEM partnerships to drive innovation and maintain quality standards.

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Market Insights

The India Foundry Market will grow from USD 26,026.65 million in 2024 to USD 61,258.16 million by 2032, posting an 11.29 percent CAGR from 2025 to 2032.
Strong automotive output drives casting demand for engine blocks, brake components, and chassis parts.
Government initiatives like Make in India and PLI schemes encourage capacity expansion and technology upgrades.
Rapid infrastructure development increases orders for valves, pipes, and structural castings.
Energy tariff and raw material price volatility constrains margin planning and investment cycles.
Skilled labor shortages and stringent environmental regulations challenge operational scalability.
Western hubs in Gujarat and Maharashtra lead volume, while southern clusters in Tamil Nadu and Karnataka specialize in high-precision castings.

Report Scope

This report segments the India Foundry Market as follows:

Market Drivers

Rapid Automotive Sector Expansion Drives Demand

Strong vehicle production fuels demand for engine blocks, brake components, and chassis parts. The India Foundry Market benefits from this robust automotive growth. It supports foundries in scaling operations and investing in modern furnaces. OEMs prioritize domestic sourcing to cut lead times and lower costs. It strengthens supply chain resilience and encourages capacity development. Foundry firms maintain high order books due to rising passenger and commercial vehicle sales.

For instance, government-backed initiatives like FAME and PM E-Drive have mobilized ₹66,000+ crore to support EVs and localization, further driving demand for domestic foundry production.

Government Incentives Encourage Industry Growth

Policy measures such as Make in India and Production Linked Incentive schemes support capacity expansion and tech adoption. The India Foundry Market attracts investments in foundry setups across major industrial corridors. It encourages local manufacturing of non-ferrous and iron castings. Tax benefits and subsidies reduce financial barriers for small and medium enterprises. It boosts profitability and drives capital expenditure on automation equipment. It promotes higher product quality and competitiveness.

For instance, actual investments under the PLI scheme reached ₹1.46 lakh crore by August 2024, with projections suggesting it will cross ₹2 lakh crore within the next year.

Infrastructure Development Fuels Component Requirement

Large infrastructure projects require extensive cast components for bridges, railways, and urban transit. The India Foundry Market supplies valves, pipes, and structural parts for these ventures. It customizes casting designs to ensure durability and performance. Foundries collaborate with engineering firms to maintain quality control and meet industry standards. Rising investment in power generation and water management expands order volumes. It supports national development goals through reliable component supply.

Technological Advancements Enhance Competitive Edge

Adoption of simulation software and IoT-based monitoring improves casting accuracy and cuts scrap rates. The India Foundry Market integrates digital solutions to track furnace conditions and schedule maintenance. It uses data analytics to optimize production parameters and reduce energy use. Automated molding lines and robotic trimming increase throughput and ensure consistency. Investments in green sand recycling and waste heat recovery reduce environmental impact. It positions foundries to meet global quality benchmarks and attract export orders.

Market Trends

Increasing Adoption of Advanced Alloy Castings Expands Application Range

The India Foundry Market embraces aluminum and magnesium alloys to cut component weight in automotive and aerospace sectors. It enhances fuel economy and extends electric vehicle range. Foundry operators invest in specialized melting furnaces and precise mold design to handle high-performance alloys. It leverages metallurgical expertise to meet strict material standards. Companies collaborate with OEM engineers to tailor alloy compositions for specific load and corrosion requirements. It drives research into novel metal matrix composites to deliver superior strength-to-weight ratios.

For instance, India ranks as the second-largest casting producer globally, with an annual production exceeding 12 million metric tonnes.

Integration of Digital Solutions Optimizes Production Workflows and Quality

The India Foundry Market deploys IoT-enabled furnaces and real-time monitoring platforms to reduce downtime and scrap generation. It collects sensor data to refine temperature control and maintain consistent metal flow. Automation of casting lines boosts throughput and cuts manual errors during core preparation and trim processes. It employs predictive maintenance algorithms to schedule maintenance before failures occur. Digital twins simulate mold performance and optimize gating systems for defect-free castings. It positions foundries to satisfy growing export demand and global quality norms.

For instance, digital transformation in Indian manufacturing is accelerating, with AI and analytics adoption reaching 54%, significantly improving production efficiency.

Market Challenges

High Energy and Raw Material Price Volatility Hinders Profitability

The India Foundry Market faces unpredictable electricity and gas charges. It amplifies production costs for iron and aluminum castings. Managers cannot forecast budgets over the fiscal year. Energy tariff spikes drive up input expenses and reduce margins. Raw alloy shortages force urgent procurement from global suppliers. It compels firms to absorb cost pressure or pass higher prices to clients. Budget constraints limit investments in modern equipment.

For instance, the foundry industry is energy-intensive, with energy costs accounting for 15–20% of total production expenses

Skilled Workforce Shortage and Regulatory Compliance Pose Obstacles

The India Foundry Market struggles to recruit trained metallurgists and technicians. It suffers productivity loss when experienced staff retire or migrate. Training gaps in digital and automation systems hinder technology adoption. Stringent environmental norms demand investments in emission control devices. It challenges small foundries lacking capital for pollution abatement. Regulators enforce penalties for noncompliance, which disrupt operations. Quality audits require dedicated resources and raise overhead.

Market Opportunities

Expansion into Electric Vehicle Component Manufacturing

The India Foundry Market can leverage rising EV demand to produce lightweight aluminum and magnesium parts for battery housings and chassis components. It can partner with OEMs to secure long-term contracts and ensure stable order pipelines. Government incentives for electric vehicle production encourage capacity upgrades and quality improvements. Foundries can retrofit existing lines to support precision casting and tighter tolerances. It requires investment in novel molding techniques and targeted staff training programs. Collaborations with research institutes foster alloy innovation and process optimization. It strengthens competitiveness in a high-growth technology segment.

Growth via Export Penetration in Global Castings Supply Chains

The India Foundry Market can expand by targeting export markets that face supply constraints. It can obtain global quality accreditations to supply aerospace, energy, and industrial equipment sectors. Strategic alliances with international distributors reduce entry barriers in new regions. Foundries can customize components to comply with foreign standards and detailed customer specifications. It boosts revenue diversification and mitigates domestic demand fluctuations. It requires investment in logistics infrastructure to shorten lead times for overseas clients. It enhances brand reputation and opens multiple new revenue channels.

Market Segmentation Analysis

By Metal Types

The India Foundry Market divides into Ferrous Foundries and Non-Ferrous Foundries. Ferrous foundries capture the largest share by volume, driven by iron casting demand in automotive engines, brake components, and heavy machinery. Non-ferrous foundries grow on aluminum and copper alloys, supporting lightweight automotive parts and electrical equipment. It encourages foundries to invest in dedicated melting furnaces and refined sand systems. Alloy expertise helps meet stringent OEM specifications. Competitive pressure pushes continuous improvement in metal recovery and yield.

By Casting Processes

The India Foundry Market segments into Sand Casting, Investment Casting, Die Casting, and Permanent Mold Casting. Sand Casting remains prevalent because it offers design flexibility and low tooling costs for large parts. Investment Casting supports complex geometries and tight tolerances for aerospace and energy applications. Die Casting handles high-volume production of aluminum and zinc components for automotive and consumer goods. Permanent Mold Casting balances throughput and surface finish for medium-run batches. It drives foundries to optimize mold design and cycle times.

Segments

Based on Casting Processes

Sand Casting
Investment Casting
Die Casting
Permanent Mold Casting

Based on Application

Automotive
Aerospace
Construction & Infrastructure
Energy

Based on Foundry Size and Scale

Large Foundries
Small & Medium Sized Foundries

Based on Region

Eastern India
Western India
Southern India
Northern India
Central India

Regional Analysis

Western India Leads Foundry Output

The India Foundry Market concentrates heavy capacity in Gujarat and Maharashtra, which account for the largest share of casting volume. Foundries cluster near Jamnagar, Vadodara, and Nagpur to leverage port access and raw material supply. It supports large-scale iron and aluminum casting operations serving automotive and energy sectors. Leading companies install digital monitoring systems and quality control labs in these hubs. Proximity to major OEM plants reduces lead times and freight expenses. Local governments provide power subsidies and land allotments to drive capacity growth.

Southern India Consolidates Specialized Casting Capabilities

Tamil Nadu and Karnataka host established foundry clusters that specialize in high-precision castings for aerospace and heavy machinery. The India Foundry Market benefits from talent pools at technical institutes and training centers across Chennai and Bengaluru. It relies on advanced molding techniques and metallurgical research conducted at local universities. Expansion of industrial parks in Coimbatore and Mysore offers plug-and-play facilities for greenfield foundries. Companies partner with research agencies to develop alloys meeting strict international norms. Efficient port connectivity at Chennai and Mangaluru reduces export turnaround times.

Northern and Emerging Regions Expand Production Footprint

Foundry output grows in Haryana, Punjab and emerging hubs in Andhra Pradesh and Odisha. The India Foundry Market attracts new investments in smaller towns near manufacturing corridors. It adopts lean production and automation to handle smaller batch sizes for regional OEMs. State incentives for pollution control and skill development support modernization of older facilities. Joint ventures with multinational firms introduce best practices and access to new markets. Improved road networks and inland waterways enhance material flow between regions.

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Key players

Brakes India Pvt. Ltd.
Aditya Birla Management Corp. Pvt. Ltd.
Larsen and Toubro Ltd.
Gujarat Metal Cast Industries Pvt. Ltd.
Jayaswal Neco Industries Ltd.

Competitive Analysis

The competitive environment in the India Foundry Market features established large foundries and agile smaller firms. Leading companies invest in modern casting technologies and maintain tight OEM partnerships. They leverage scale to optimize unit costs and secure high-volume contracts. It sharpens price competition and prompts specialization in niche segments. Mid-sized foundries differentiate through rapid customization and local service support. They adopt quality certifications to meet export standards. Emerging players focus on alloy innovation and selective capacity expansion. They secure joint ventures to access advanced process know-how. Intense rivalry centers on cost control, lead time reliability, and metallurgical expertise. Customer demands for superior quality and consistent delivery define success metrics. Global OEMs increase expectations for environmental compliance and traceability, influencing foundry investments. Strategic mergers and acquisitions reshape market share distribution and foster consolidation. Competitive advantage hinges on technology adoption and workforce expertise.

Recent Developments

In March 2024, Brakes India announced a US $70 million investment to establish a new ferrous foundry plant in Aguascalientes, Mexico, with Phase 1 due to conclude in January 2026.

In August 2024, Aditya Birla Management Corp. Pvt. Ltd. announced a US $10 billion investment programme to expand and modernize its Gujarat smelting and downstream casting operations—upgrading foundry furnaces and casting lines to meet rising automotive and infrastructure demand.

On 20 January 2025, An Autocar Professional report quotes MD Sriram Viji confirming a capex plan of at least ₹1,000 crore by the end of the decade for capacity expansions across Brakes India’s 17 plants

Market Concentration and Characteristics

The India Foundry Market presents a moderately fragmented structure with a handful of large players holding near 40 percent of total output. Regional clusters in Gujarat, Maharashtra, Tamil Nadu and Karnataka host most capacity, while smaller foundries serve niche applications. It relies on strategic partnerships with OEMs to secure long-term contracts and optimize production schedules. Cost leadership emerges through scale advantages and process standardization, whereas specialized firms differentiate on precision casting and alloy expertise. It balances competition between high-volume commodity castings and bespoke investment casting. Regulatory compliance and quality accreditation shape industry entry barriers and influence consolidation trends.

Report Coverage

The research report offers an in-depth analysis based on Casting Processes, Application, Foundry Size and Scale and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

Foundry capacity will expand to meet electric vehicle cast component demand. Manufacturers will retrofit furnaces and molds to produce lightweight aluminum and magnesium parts, strengthening their position in the EV supply chain.

Digital transformation will drive productivity and quality improvements. Foundries will deploy IoT-enabled sensors and data analytics to monitor melt parameters, reduce scrap, and optimize cycle times.

Export opportunities will grow in aerospace and energy sectors. Companies will obtain international certifications and forge partnerships with overseas OEMs to diversify revenue streams and stabilize order books.

Adoption of high-performance alloys will accelerate. Foundries will collaborate with metallurgical institutes to develop corrosion-resistant and high-strength materials for demanding industrial applications.1

Industry consolidation will reshape market structure. Large players will acquire niche specialists to broaden service offerings, while smaller foundries will form alliances to share technology and reduce capital barriers.

Workforce upskilling programs will address talent shortages. Firms will invest in training on automation, quality assurance, and environmental compliance to build a future-ready labor pool.

Additive manufacturing integration will enable rapid prototyping. It will shorten product development cycles and allow foundries to offer hybrid services combining traditional casting with 3D-printed cores.

Tier-2 and Tier-3 industrial clusters will attract new investments. State incentives and improved infrastructure will encourage greenfield foundries in emerging regions, balancing national capacity distribution.

Sustainability initiatives will gain priority across operations. Foundries will install waste heat recovery systems and green sand reclamation units to cut energy use and meet tightening emission standards.

Industry–academia collaboration will foster innovation. Companies will partner with engineering colleges to pilot process improvements and alloy research, ensuring continuous enhancement of casting techniques.

CHAPTER NO. 1 : INTRODUCTION 18

1.1.1. Report Description 18

Purpose of the Report 18

USP & Key Offerings 18

1.1.2. Key Benefits for Stakeholders 18

1.1.3. Target Audience 19

1.1.4. Report Scope 19

CHAPTER NO. 2 : EXECUTIVE SUMMARY 20

2.1. India Foundry Market Snapshot 20

2.1.1. India Foundry Market, 2018 – 2032 (Unit) (USD Million) 22

2.2. Insights from Primary Respondents 23

CHAPTER NO. 3 : INDIA FOUNDRY MARKET – INDUSTRY ANALYSIS 24

3.1. Introduction 24

3.2. Market Drivers 25

3.2.1. Increasing Demand for Semiconductors across Multiple Sectors 25

3.2.2. Innovations in Technology 26

3.3. Market Restraints 27

3.3.1. High Energy Costs 27

3.4. Market Opportunities 28

3.4.1. Market Opportunity Analysis 28

3.5. Porter’s Five Forces Analysis 29

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 30

4.1. Company Market Share Analysis – 2024 30

4.1.1. India Foundry Market: Company Market Share, by Volume, 2024 30

4.1.2. India Foundry Market: Company Market Share, by Revenue, 2024 31

4.1.3. India Foundry Market: Top 6 Company Market Share, by Revenue, 2024 31

4.1.4. India Foundry Market: Top 3 Company Market Share, by Revenue, 2024 32

4.2. India Foundry Market Company Volume Market Share, 2024 33

4.3. India Foundry Market Company Revenue Market Share, 2024 34

4.4. Company Assessment Metrics, 2024 35

4.4.1. Stars 35

4.4.2. Emerging Leaders 35

4.4.3. Pervasive Players 35

4.4.4. Participants 35

4.5. Start-ups /SMEs Assessment Metrics, 2024 35

4.5.1. Progressive Companies 35

4.5.2. Responsive Companies 35

4.5.3. Dynamic Companies 35

4.5.4. Starting Blocks 35

4.6. Strategic Developments 36

4.6.1. Acquisitions & Mergers 36

New Product Launch 36

Regional Expansion 36

4.7. Key Players Product Matrix 37

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 38

5.1. PESTEL 38

5.1.1. Political Factors 38

5.1.2. Economic Factors 38

5.1.3. Social Factors 38

5.1.4. Technological Factors 38

5.1.5. Environmental Factors 38

5.1.6. Legal Factors 38

5.2. Adjacent Market Analysis 38

CHAPTER NO. 6 : FOUNDRY MARKET – BY METAL TYPES SEGMENT ANALYSIS 39

6.1. Foundry Market Overview, by Metal Types Segment 39

6.1.1. Foundry Market Volume Share, By Metal Types, 2023 & 2032 40

6.1.2. Foundry Market Revenue Share, By Metal Types, 2023 & 2032 40

6.1.3. Foundry Market Attractiveness Analysis, By Metal Types 41

6.1.4. Incremental Revenue Growth Opportunity, by Metal Types, 2024 – 2032 41

6.1.5. Foundry Market Revenue, By Metal Types, 2018, 2023, 2027 & 2032 42

6.2. Ferrous Foundries 43

6.3. Non-Ferrous Foundries 44

CHAPTER NO. 7 : FOUNDRY MARKET – BY CASTING PROCESSES SEGMENT ANALYSIS 45

7.1. Foundry Market Overview, by Casting Processes Segment 45

7.1.1. Foundry Market Volume Share, By Casting Processes, 2023 & 2032 46

7.1.2. Foundry Market Revenue Share, By Casting Processes, 2023 & 2032 46

7.1.3. Foundry Market Attractiveness Analysis, By Casting Processes 47

7.1.4. Incremental Revenue Growth Opportunity, by Casting Processes, 2024 – 2032 47

7.1.5. Foundry Market Revenue, By Casting Processes, 2018, 2023, 2027 & 2032 48

7.2. Sand Casting 49

7.3. Investment Casting 50

7.4. Die Casting 51

7.5. Permanent Mold Casting 52

CHAPTER NO. 8 : FOUNDRY MARKET – BY APPLICATION SEGMENT ANALYSIS 53

8.1. Foundry Market Overview, by Application Segment 53

8.1.1. Foundry Market Volume Share, By Application, 2023 & 2032 54

8.1.2. Foundry Market Revenue Share, By Application, 2023 & 2032 54

8.1.3. Foundry Market Attractiveness Analysis, By Application 55

8.1.4. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 55

8.1.5. Foundry Market Revenue, By Application, 2018, 2023, 2027 & 2032 56

8.2. Automotive 57

8.3. Aerospace 58

8.4. Construction & Infrastructure 59

8.5. Energy 60

CHAPTER NO. 9 : FOUNDRY MARKET – BY FOUNDRY SIZE AND SCALE SEGMENT ANALYSIS 61

9.1. Foundry Market Overview, by Foundry Size and Scale Segment 61

9.1.1. Foundry Market Volume Share, By Foundry Size and Scale, 2023 & 2032 62

9.1.2. Foundry Market Revenue Share, By Foundry Size and Scale, 2023 & 2032 62

9.1.3. Foundry Market Attractiveness Analysis, By Foundry Size and Scale 63

9.1.4. Incremental Revenue Growth Opportunity, by Foundry Size and Scale, 2024 – 2032 63

9.1.5. Foundry Market Revenue, By Foundry Size and Scale, 2018, 2023, 2027 & 2032 64

9.2. Large Foundries 65

9.3. Small & Medium Sized Foundries 66

CHAPTER NO. 10 : FOUNDRY MARKET – INDIA 67

10.1.1. India Foundry Market Volume, By Metal Types, 2018 – 2023 (Unit) 67

10.1.2. India Foundry Market Revenue, By Metal Types, 2018 – 2023 (USD Million) 68

10.1.3. India Foundry Market Volume, By Casting Processes, 2018 – 2023 (Unit) 69

10.1.4. India Foundry Market Revenue, By Casting Processes, 2018 – 2023 (USD Million) 70

10.1.5. India Foundry Market Volume, By Application, 2018 – 2023 (Unit) 71

10.1.6. India Foundry Market Revenue, By Application, 2018 – 2023 (USD Million) 72

10.1.7. India Foundry Market Volume, By Foundry Size and Scale, 2018 – 2023 (Unit) 73

10.1.8. India Foundry Market Revenue, By Foundry Size and Scale, 2018 – 2023 (USD Million) 74

CHAPTER NO. 11 : COMPANY PROFILES 75

11.1. Brakes India Pvt. Ltd. 75

11.1.1. Company Overview 75

11.1.2. Product Portfolio 75

11.1.3. Swot Analysis 75

11.1.4. Business Strategy 75

11.1.5. Financial Overview 76

11.2. Aditya Birla Management Corp. Pvt. Ltd 77

11.3. Larsen and Toubro Ltd. 77

11.4. Gujarat Metal Cast Industries Pvt. Ltd. 77

11.5. Jayaswal Neco Industries Ltd. 77

11.6. Company 6 77

11.7. Company 7 77

11.8. Company 8 77

11.9. Company 9 77

11.10. Company 10 77

List of Figures

FIG NO. 1. India Foundry Market Volume & Revenue, 2018 – 2032 (Unit) (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for India Foundry Market 29

FIG NO. 3. Company Share Analysis, 2024 30

FIG NO. 4. Company Share Analysis, 2024 31

FIG NO. 5. Company Share Analysis, 2024 31

FIG NO. 6. Company Share Analysis, 2024 32

FIG NO. 7. Foundry Market – Company Volume Market Share, 2024 33

FIG NO. 8. Foundry Market – Company Revenue Market Share, 2024 34

FIG NO. 9. Foundry Market Volume Share, By Metal Types, 2023 & 2032 40

FIG NO. 10. Foundry Market Revenue Share, By Metal Types, 2023 & 2032 40

FIG NO. 11. Market Attractiveness Analysis, By Metal Types 41

FIG NO. 12. Incremental Revenue Growth Opportunity by Metal Types, 2024 – 2032 41

FIG NO. 13. Foundry Market Revenue, By Metal Types, 2018, 2023, 2027 & 2032 42

FIG NO. 14. India Foundry Market for Ferrous Foundries, Volume & Revenue (Unit) (USD Million) 2018 – 2032 43

FIG NO. 15. India Foundry Market for Non-Ferrous Foundries, Volume & Revenue (Unit) (USD Million) 2018 – 2032 44

FIG NO. 16. Foundry Market Volume Share, By Casting Processes, 2023 & 2032 46

FIG NO. 17. Foundry Market Revenue Share, By Casting Processes, 2023 & 2032 46

FIG NO. 18. Market Attractiveness Analysis, By Casting Processes 47

FIG NO. 19. Incremental Revenue Growth Opportunity by Casting Processes, 2024 – 2032 47

FIG NO. 20. Foundry Market Revenue, By Casting Processes, 2018, 2023, 2027 & 2032 48

FIG NO. 21. India Foundry Market for Sand Casting, Volume & Revenue (Unit) (USD Million) 2018 – 2032 49

FIG NO. 22. India Foundry Market for Investment Casting, Volume & Revenue (Unit) (USD Million) 2018 – 2032 50

FIG NO. 23. India Foundry Market for Die Casting, Volume & Revenue (Unit) (USD Million) 2018 – 2032 51

FIG NO. 24. India Foundry Market for Permanent Mold Casting, Volume & Revenue (Unit) (USD Million) 2018 – 2032 52

FIG NO. 25. Foundry Market Volume Share, By Application, 2023 & 2032 54

FIG NO. 26. Foundry Market Revenue Share, By Application, 2023 & 2032 54

FIG NO. 27. Market Attractiveness Analysis, By Application 55

FIG NO. 28. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 55

FIG NO. 29. Foundry Market Revenue, By Application, 2018, 2023, 2027 & 2032 56

FIG NO. 30. India Foundry Market for Automotive, Volume & Revenue (Unit) (USD Million) 2018 – 2032 57

FIG NO. 31. India Foundry Market for Aerospace, Volume & Revenue (Unit) (USD Million) 2018 – 2032 58

FIG NO. 32. India Foundry Market for Construction & Infrastructure, Volume & Revenue (Unit) (USD Million) 2018 – 2032 59

FIG NO. 33. India Foundry Market for Energy, Volume & Revenue (Unit) (USD Million) 2018 – 2032 60

FIG NO. 34. Foundry Market Volume Share, By Foundry Size and Scale, 2023 & 2032 62

FIG NO. 35. Foundry Market Revenue Share, By Foundry Size and Scale, 2023 & 2032 62

FIG NO. 36. Market Attractiveness Analysis, By Foundry Size and Scale 63

FIG NO. 37. Incremental Revenue Growth Opportunity by Foundry Size and Scale, 2024 – 2032 63

FIG NO. 38. Foundry Market Revenue, By Foundry Size and Scale, 2018, 2023, 2027 & 2032 64

FIG NO. 39. India Foundry Market for Large Foundries, Volume & Revenue (Unit) (USD Million) 2018 – 2032 65

FIG NO. 40. India Foundry Market for Small & Medium Sized Foundries, Volume & Revenue (Unit) (USD Million) 2018 – 2032 66

List of Tables

TABLE NO. 1. : India Foundry Market: Snapshot 20

TABLE NO. 2. : Drivers for the Foundry Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Foundry Market: Impact Analysis 27

TABLE NO. 4. : India Foundry Market Volume, By Metal Types, 2018 – 2023 (Unit) 67

TABLE NO. 5. : India Foundry Market Volume, By Metal Types, 2024 – 2032 (Unit) 67

TABLE NO. 6. : India Foundry Market Revenue, By Metal Types, 2018 – 2023 (USD Million) 68

TABLE NO. 7. : India Foundry Market Revenue, By Metal Types, 2024 – 2032 (USD Million) 68

TABLE NO. 8. : India Foundry Market Volume, By Casting Processes, 2018 – 2023 (Unit) 69

TABLE NO. 9. : India Foundry Market Volume, By Casting Processes, 2024 – 2032 (Unit) 69

TABLE NO. 10. : India Foundry Market Revenue, By Casting Processes, 2018 – 2023 (USD Million) 70

TABLE NO. 11. : India Foundry Market Revenue, By Casting Processes, 2024 – 2032 (USD Million) 70

TABLE NO. 12. : India Foundry Market Volume, By Application, 2018 – 2023 (Unit) 71

TABLE NO. 13. : India Foundry Market Volume, By Application, 2024 – 2032 (Unit) 71

TABLE NO. 14. : India Foundry Market Revenue, By Application, 2018 – 2023 (USD Million) 72

TABLE NO. 15. : India Foundry Market Revenue, By Application, 2024 – 2032 (USD Million) 72

TABLE NO. 16. : India Foundry Market Volume, By Foundry Size and Scale, 2018 – 2023 (Unit) 73

TABLE NO. 17. : India Foundry Market Volume, By Foundry Size and Scale, 2024 – 2032 (Unit) 73

TABLE NO. 18. : India Foundry Market Revenue, By Foundry Size and Scale, 2018 – 2023 (USD Million) 74

TABLE NO. 19. : India Foundry Market Revenue, By Foundry Size and Scale, 2024 – 2032 (USD Million) 74

Frequently Asked Questions

What was the India Foundry Market size in 2023, and what are the projections for 2032 including the CAGR?

Data for 2023 is not directly published; the market valued USD 26,026.65 million in 2024 and forecasts USD 61,258.16 million by 2032 at a CAGR of 11.29 percent from 2025 to 2032.

What factors drive growth in the India Foundry Market?

Robust vehicle production and infrastructure projects fuel demand for cast components. Government incentives under Make in India and PLI schemes encourage capacity expansion and technology upgrades.

Which regions dominate foundry output in India?

Gujarat and Maharashtra concentrate iron and aluminum castings for automotive and energy sectors. Tamil Nadu and Karnataka specialize in precision investment castings for aerospace and heavy machinery.

Who are the key players in the India Foundry Market?

Major firms such as Jayaswal Neco Industries, Electrosteel Castings, Texmaco Castings & Tyres, and Mantena Foundries drive innovation and maintain quality standards.

About Author

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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Reviewed By
Gunakesh Parmar

Research Consultant

With over 15 years of dedicated experience in market research since 2009, specializes in delivering actionable insights from data.

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