In the year2017, production of global castings saw a surge of about 5.3 per cent from 2016 and hit a value of 110mn tonnes. In terms of total output, Russia witnessed the highest growth rate in 2017, with a surge of 8.3 per cent in production from the previous year. China grew its production by up to 2mn tonnes, clocking an overall production of 49.4mn in 2017.

The manufacture of light vehicles is the main driver for the global Iron casting foundry market, with their growth expected to hit the peak, thereby increasing the demand for new Iron cast metal parts across the globe, also resulting in the replacement of obsolete metal casting products with comparatively increased energy-efficient casting products.

Casting production in the country hit a value of 11mn tonnes in the year 2018 and is estimated to move at a steady CAGR of 12.7 per cent from 2018 until 2023. The automobile manufacturing industry contributes about 40 per cent of the castings’ production in India. As of 2018, the contribution of aluminium castings was about 15 per cent of the total castings produced in India. This number is slated to soar exponentially by 2023; thanks to the growing changes in demand from iron casting to lighter casting products for the manufacture of electronic vehicles (EVs) and automobiles that are fuel-efficient. Infrastructure expansion by the Central government can help create the expected demand for a wide range of equipment and machinery including fans, motors, cranes, conveyor equipment, pumps, etc., which, consequently, will result in increased demand for Iron metal castings. Some of India’s most popular clusters are situated in Jalandhar, Batala, Agra, Ludhiana, Kolhapur, Pune, Rajkot, Mumbai, Ahmedabad, Coimbatore, Belgaum, Sholapur, Chennai, and Coimbatore, just to name a few Indian cities. Each of these metal casting foundry units serves industry application-specific markets. 

The Coimbatore cluster is popular for the manufacture of pump-set castings. The Belgaum and Kolhapur are popular for automotive castings, and the Rajkot cluster is known all over for diesel engine castings. Here, at VR Foundries, one of the leading iron casting foundries in India and iron casting manufacturers, we best understand our clients’ needs being high-quality iron casting foundry and grey iron casting manufacturers.