The market is dominated by domestic suppliers, as imports account for 13.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.7% of total demand in 2023. India has the fourth largest market size for forming of metal and powder metallurgy regionally, with demand reaching USD9.4 billion in 2023. Bharat Forge Ltd is the largest company in India, generating 3.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 9.8% of total production value in 2023. The total number of companies decreases in 2023, to 427,179 units. The costs of the industry decrease by 0.1% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 4.9% of production value in 2023, the 19th highest regionally. The industry’s exports share decreases in 2023 to 13.1% of total production output. With production value of USD7.3 billion, India accounts for 8.5% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Forming of Metal and Powder Metallurgy in India: ISIC 2891. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Forming of Metal and Powder Metallurgy in India: ISIC 2891 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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