Analysis of the impact of COVID-19 on the Indian foundry market | Estimated growth of US$ 12.23 billion between 2021-2025 | Technavio

Ashok Leyland Ltd., CIE Automotive SA and DCM Ltd. will become major players in the foundry market in India during 2021-2025
Technavio stated that the Indian casting market is expected to grow by US$12.23 billion during the period 2021-2025. The report provides a detailed analysis of the impact of the COVID-19 pandemic on the Indian foundry market under optimistic, possible and pessimistic forecasts.
The business will go through the response, recovery and renewal phases. Download free sample report, including COVID-19 impact analysis
Due to the COVID-19 pandemic, the casting market in India will have a negative impact during the forecast period. According to Technavio's market research on the pandemic, compared with 2020, the market growth in 2021 is likely to increase.
As the new coronavirus pandemic continues to spread, organizations around the world are using technology to gradually flatten their decline curve. Many businesses will go through the response, recovery and renewal phases. Building business resilience and achieving agility will help organizations move forward from the COVID-19 crisis to the next normal state.
Global Steel Casting Market-The global steel casting market is segmented by application (automotive and transportation, construction and infrastructure, mining, power, etc.) and geographic location (APAC, Europe, North America, MEA and South America). Sample report
Global Iron Casting Market-Global Iron Casting Market by product (gray iron, ductile iron and malleable cast iron), end user (automotive, industrial machinery, infrastructure and construction machinery, electric power and others) and geographic area (Asia Pacific, Europe, MEA, North America) And South America). Download an exclusive free sample report
The company provides solutions such as die casting, metal casting and aluminum die casting.
The company provides brake drums, brake discs and hubs, crankshafts, turbocharger housings, exhaust manifolds and other products.
India's foundry market is driven by increasing attention to technological upgrading. In addition, the Indian manufacturing plan is expected to trigger the casting market in India during the forecast period, causing its compound annual growth rate to exceed 10%.
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