With production value of USD4.2 billion, India accounts for 4.9% of the Asia Pacific total in 2023. The industry’s profitability increases and stands at 13.8% of production value in 2023, the 14th highest regionally. The costs of the industry decrease by 0.1% in 2023, largely driven by declining B2B costs. The total number of companies decreases in 2023, to 280,028 units. The industry is fragmented, with the top five companies generating 20.6% of total production value in 2023. Asian Colour Coated Ispat Ltd is the largest company in India, generating 10.9% of the industry’s total production value in 2023. India has the fourth largest market size for coating of metals and mechanical engineering regionally, with demand reaching USD5.0 billion in 2023. B2B drives market demand, with B2B spending representing 100.0% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 0.5% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Coating of Metals and Mechanical Engineering in India: ISIC 2892. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coating of Metals and Mechanical Engineering in India: ISIC 2892 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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