Foundry Market in India 2012 report

Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of its report Foundry Market in India 2012. Foundry refers to a factory that produces metal castings and India was the second largest producer of castings in the world in 2009. Foundry industry is a major feeder to various other sectors, automobile sector accounting for the largest share. Due to growing demand from the automobile and engineering sectors coupled with India’s rapidly growing economy, the foundry market is expected to grow strongly in the near future.
 
The report begins with an introduction to foundries and their process flow. The foundry process flow broadly comprises of three stages including melting, casting and finishing. The various types of casting processes used in the foundry industry are also provided.
 
The report begins with an introduction to foundries and their process flow. The foundry process flow broadly comprises of three stages including melting, casting and finishing. The various types of casting processes used in the foundry industry are also provided.
 
The market overview section begins with an insight into the global foundry market, including the top ten casting producers and their average production per plant. India was the fastest growing top -ten nation in 2009, increasing its casting tonnage by 9% over 2008. Change in the regional production of the global foundry market has also been added. This is followed by an overview of the Indian foundry market, growth of its casting production and segmentation of castings. Foundry market has been growing consistently in India, with grey iron castings accounting for the biggest share of total castings produced. An overview of the foundry units in India along with their segmentation is also included. Foundry units are mostly concentrated in the small units sector. Sector wise consumption of castings shows the various sectors where castings are largely consumed. Additionally, an analysis of Porter’s Five Forces provides an insight into the competitive intensity and attractiveness of the market.
 
This is followed by a section on foundry clusters, which includes a brief overview of foundry clusters and the Foundry Cluster Development Association, along with their distribution across India. A detailed profile including an overview and share of casting application is also provided for five major clusters, including Belgaum, Batala and Jalandhar, Coimbatore, Kolhapur and Rajkot.
 
Exports and imports of this sector have been highlighted, which throws light on the casting products that are traded internationally. This section includes the growth in their total export-import value and their country-wise segmentation.
 
An analysis of the drivers and challenges explains the factors leading to the growth of the market including increasing demand from automobile sector, strong economic growth, supportive government participation, low cost of labour and improving technology and modernization. Strong opportunity exists in the market as increasing demand for castings will drive the production of such products. This coupled with the fact that the Indian economy is growing strongly will lead to a developing market. Additionally, improving production technology and government support will help to stimulate growth in this market. The key challenges identified are market constraints, rising input costs and low capacity utilization. Restriction to