With production value of USD18.9 billion, India accounts for 10.4% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 2.5% of total production output. The industry’s profitability increases and stands at 25.9% of production value in 2023, the highest regionally. The costs of the industry increase by 0.3% in 2023, largely driven by rising B2B costs. The total number of companies decreases in 2023, to 151,381 units. The industry is fragmented, with the top five companies generating 5.6% of total production value in 2023. Kirloskar Ferrous Industries Ltd is the largest company in India, generating 1.5% of the industry’s total production value in 2023. India has the second largest market size for casting of metals regionally, with demand reaching USD21.1 billion in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 0.6% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Casting of Metals in India: ISIC 273. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Casting of Metals in India: ISIC 273 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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