Foundry Market in India 2017

Updated On: 26 February, 2019 | No of Pages: 50-60 | Format: PDF | SKU: 201884
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India is the second largest producer of castings, globally. The Indian foundry industry produces various types of metal castings and cast components for application in the power, automotive, defense, railways, machine tools, agro machinery, tractor, earth-moving and mining machinery, electrical machinery, and oil and natural gas industries. The automobile sector is a major consumer of castings produced in the country. Currently, there are around 4,500 foundry units in the small, medium and large-scale sector. Out of these, 1500 units have international quality accreditation.

Foundry Market in India (2018-2023)

Global foundry market insights:

In 2017, global castings production witnessed an increase of ~5.3% from 2016, and reached a value of ~110 Mn tonnes. Based on total output, Russia had the highest growth in 2017, with an increase of ~8.3% in production from 2016. China increased its production by 2 Mn tonnes, reaching a total of 49.4 Mn in 2017. Increasing production of light vehicles worldwide is acting as a key growth driver for the global foundry market. The growth in production of light vehicles is expected to increase demand for new cast metal parts, across the world, and also lead to the replacement of old metal casting products with more energy efficient metal casting solutions.

India foundry market insights:

The automobile sector consumes around 40% of castings produced in India. As of 2017, aluminum castings contributed around 15% of the total castings production in the country. The share is expected to increase considerably by the end of 2020, owing to a shift in demand from iron to lighter castings materials for manufacturing fuel-efficient automobiles and electronic vehicles (EVs). Expansion of infrastructure by the government is expected to generate demand for a wide variety of machinery and equipment such as cranes, fans, motors, appliances, pumps, conveyor equipment, etc. which, in turn, will create fresh demand for metal castings.

The major foundry clusters are located in Batala, Jalandhar, Ludhiana, Agra, Pune, Kolhapur, Sholapur, Rajkot, Mumbai, Ahmedabad, Belgaum, Coimbatore, and Chennai, among other Indian cities. Each of these foundry units caters to some specific end-use market. The Coimbatore cluster is famous for pump-set castings, the clusters in Kolhapur and Belgaum are known for automotive castings, and the Rajkot cluster is famous for diesel engine castings. Some of the notable companies producing metal castings include Electrosteel Castings Ltd., Hinduja Foundries Ltd., Nelcast Ltd., and Tata Metaliks Ltd., among others.

End-user segment growth insights:

Automotive: The foundry market is linked directly with the development of the overall automotive sector. Growth of the automobile industry is expected to generate huge demand for castings producers. Based on volume, India is currently the fourth largest automobile industry, globally. Rapid growth of the automotive sector has also led to the steady development of other subsidiary industries like the auto component industry, indicating huge demand for castings.

Pipes and fittings: The pipe sector in India is poised for steady growth due to substantial investments and capacity additions. Companies produce a wide range of steel, cement and PVC pipes, which are used in various industries. Demand for castings is expected to expand with the growth of the pipes and fittings market in India.

Power: Consistent power supply and availability of quality electrical equipment are necessary for the growth of the Indian economy from a global perspective. As of December 2018, India had a power generating capacity of ~349.28 GW. The Government of India has targeted an addition of ~88.5 GW under the 12th Five-Year Plan (2012–2017), and another ~100 GW under the 13th Five-Year Plan (2017–2022). The foundry industry is expected to benefit from such power generation installations.

Government initiatives:

A Vision Plan 2020 has been initiated by The Institute of Indian Foundrymen (IIF) to recommend the needed initiatives for rapid growth, and emerge as a leading supplier of quality castings in the global market by 2020. An implementing agency for the India Foundry Mission (IFM) will have full authority to represent it, demonstrate the pilots and implement recommendations, and monitor market growth.

Key growth drivers of the market:

  • Foundries across India are presently upgrading facilities and technologies in a bid to improve their productivity and increase their capacity. To cater to the growing demand, this industry is embarking on major expansions and technological initiatives, with investments of over INR 10 Bn, since 2011.
  • Majority of the foundry units in India fall under the MSME sector, which has registered consistent growth over the years. There are around 51 Mn MSME units spread across the country. About 55.3% of the MSMEs are based out of rural areas, indicating the deployment of a significant rural workforce in the MSME sector.
    Re-implementation of Public Procurement Policy, Pradhan Mantri MUDRA Yojana, Make in India, Startup India, and Skill India initiatives are helping in the growth of the MSME sector in the country.

Key deterrents to the growth of the market:

Since most of the castings manufacturing units fall under small and medium enterprises (SMEs), they cannot use advanced technological equipment or automation due to high costs, thus limiting their marketing strength. It is challenging for them to sustain their position in the global marketplace. The inability to meet the domestic demand for castings and to supply quality products to the global market acts as a huge barrier for the industry to grow further.

Companies covered:

  1. Electrosteel Castings Ltd.
  2. Hinduja Foundries Ltd.
  3. Jayaswal Neco Industries Ltd.
  4. Nelcast Ltd.
  5. Tata Metaliks Ltd.
  6. Ashok Iron Works Pvt. Ltd.
  7. Brakes India Pvt. Ltd.
  8. DCM Engineering Ltd.
  9. Menon and Menon Ltd.
  10. Sanmar Foundries Ltd.

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Introduction

Slide 1: Executive Summary

Macroeconomic Indicators

Slide 2: Total Population (2010-2011 – 2019-2020), Population Density (2010-2011 – 2019-2020)

Slide 3: Sex Ratio (2005, 2010, 2015, 2020), Population by Age Group (2005, 2010, 2015, 2020), Urbanization Trend (2010-2011 – 2019-2020)

Slide 4: Total Fertility Rate (2005-2010, 2010-2015, 2015-2020), Infant Mortality Rate (2005-2010, 2010-2015, 2015-2020), Total Number of Births (2005-2010, 2010-2015, 2015-2020), Total Number of Death (2005-2010, 2010-2015, 2015-2020)

Slide 5: Total Literacy Rate (2001, 2011), Rural Literacy (2001, 2011), Urban Literacy (2001, 2011)

Slide 6: GDP at Market Prices (2010-2014), FDI (2010-2014), Inflation Rate (2010-2014), Unemployment Rate (2010-2014)

Slide 7: Access to Safe Drinking Water (2001, 2011), Exchange Rate (2010-2015)

Market Overview

Slide 8: Market Definition and Structure

  • Foundry Market – Introduction and Foundry Process Flow

Slide 9: Types of Casting Processes

Slide 10-12: Global Foundry Market – Overview, Top Casting Producing Countries (2015), Global Foundry Market – Product-wise Segmentation (2015), Top 10 Casting Countries Production per Plant Comparison (2014-2015), Top 10 Countries Total Metalcasting Plants (2015), Product-wise Top Casting Producing Countries (2016)

Slide 13: Indian Foundry Market – Market Overview, Size and Growth Forecast (Volume-Wise; FY 2012– FY 2022e)

Slide 14: Market Segmentation

  • Production of Castings in India – Product-wise Segmentation (FY 2014-FY 2016)
  • Consumption of Castings in India – Sector-wise Segmentation (FY 2016)

Slide 15: Overview of Major Foundry Clusters in India    

Trade Analysis

Slide 16: Export of Tubes, Pipes and Hollow Profiles of Cast Iron – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and Country-Wise Segmentation {Value-Wise; FY 2016 – FY 2017 (Apr-Jan)}

Slide 17: Import of Tubes, Pipes and Hollow Profiles of Cast Iron – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and Country-Wise Segmentation {Value-Wise; FY 2016 – FY 2017 (Apr-Jan)}

Slide 18: Export of Other Cast Articles of Iron or Steel – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and Country-Wise Segmentation {Value-Wise; FY 2016 – FY 2017 (Apr-Jan)}

Slide 19: Import of Other Cast Articles of Iron or Steel – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and Country-Wise Segmentation {Value-Wise; FY 2016 – FY 2017 (Apr-Jan)}

Slide 20: Export of Cast Fittings of Non-Malleable Cast Iron – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 21: Export of Cast Fittings of Non-Malleable Cast Iron – Region-Wise Exports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 22: Import of Cast Fittings of Non-Malleable Cast Iron – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 23: Import of Cast Fittings of Non-Malleable Cast Iron – Region-Wise Imports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 24: Export of Other Household Articles of Cast Iron Not Enameled – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 25: Export of Other Household Articles of Cast Iron Not Enameled – Region-Wise Exports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 26: Import of Other Household Articles of Cast Iron Not Enameled – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 27: Import of Other Household Articles of Cast Iron Not Enameled – Region-Wise Imports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 28: Export of Cast Iron – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 29: Export of Cast Iron – Region-Wise Exports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 30: Import of Cast Iron – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 31: Import of Cast Iron – Region-Wise Imports {(Value-Wise: FY 2016; Volume-Wise: FY 2016}

Slide 32: Export of Radiators and its Parts of Cast Iron – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 33: Export of Radiators and its Parts of Cast Iron – Region-Wise Exports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 34: Import of Radiators and its Parts of Cast Iron – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 35: Import of Radiators and its Parts of Cast Iron – Region-Wise Imports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 36: Export of Baths of Cast Iron, Whether or Not Enamelled – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 37: Export of Baths of Cast Iron, Whether or Not Enamelled – Region-Wise Exports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 38: Import of Baths of Cast Iron, Whether or Not Enamelled – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 39: Import of Baths of Cast Iron, Whether or Not Enamelled – Region-Wise Imports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 40: Export of Articles of Copper, Cast, Moulded Stamped or Gorged, but not Further Worked – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 41: Export of Articles of Copper, Cast, Moulded Stamped or Gorged, but not Further Worked – Region-Wise Exports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Slide 42: Import of Articles of Copper, Cast, Moulded Stamped or Gorged, but not Further Worked – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Jan)}

Slide 43: Import of Articles of Copper, Cast, Moulded Stamped or Gorged, but not Further Worked – Region-Wise Imports {(Value-Wise: FY 2016 and FY 2017(Apr-Jan); Volume-Wise: FY 2016 and FY 2017 (Apr-Jan)}

Market Influencers

Slide 44-46: Market Drivers

Slide 47-48: Market Challenges

Growth in Other End-User Segments

Slide 49: Automotive

  • Total Automobiles Production in India (FY 2014- FY 2016)
  • Growth in Auto Component Turnover (FY 2013- FY 2016)

Slide 50: Sanitary and Pipes and Fittings

Slide 51: Railway

  • 12th Five Year Plan Investment Projections – Railway (FY 2013- FY 2017)
  • Railway ‘Vision 2020

Slide 52: Pumps

  • Pumps Market Size & Growth Forecast (FY 2015-FY 2020e)
  • Sectoral Distribution of Usage of Pumps (2015)                          

Slide 53: Power

  • Electricity Production in India (FY 2012-FY 2016)
  • Planned Segment-wise Investments in Power (2012-2017)
  • Installed Generation Capacity Source-wise (2016)

Slide 54: Electrical Equipment

  • Transmission and Distribution Equipment Market Size – India (FY 2015 and FY 2020e)
  • Electrical Equipment Market Product-Wise Segmentation (FY 2015)

Slide 55: Earth Moving Equipment

  • Earth Moving Equipment Volume-Wise Market Segmentation (Unit Sales){2015 and 2018e}

Slide 56: Machine Tools

  • Production of Machine Tools in India (FY 2015-FY 2016)
  • Consumption of Machine Tools in India (FY 2015-FY 2016)

Competitive Landscape

Slide 57: List of Major Players

Slide 58-85: Profiles of Major Players

Government Initiatives

Slide 86-89: Vision Plan 2020 for Foundry Industry, Need for the Plan, Project Plan and Total Investment, Impact of the Plan, India Foundry Mission Vision Plan 2020, Vision Plan 2020 Interventions 

Appendix

Slide 90: Research Methodology

 

               

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