Foundry Market in India 2014

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Netscribes (Research on Global Markets)

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Market Scenario

Netscribes' latest market research report titled Foundry Market in India 2014 highlights the overall potential of foundry market in India. It also emphasizes on the global foundry market overview, in which Asia accounted for the largest share of 66.4% of the overall global foundry production, followed by America and Europe in 2012. It highlights product-wise segmentation of global casting production and the topmost casting producing countries. For India, foundry market had been growing at a rate of ~8% from 2009-2013, which is projected to rise to double digits over the next five years. The market is set to expand predominantly owing to growing automobile production, growth in user-end segments, strong growth in the MSME sector complimented with the availability of low cost labor, improved technology and production facility upgradation. Increased government participation in terms of investments in the infrastructure sector is also set to facilitate the growth of this market. Low capacity utilization and high input costs of the foundry industry are the basic challenges that affect its growth adversely. However, India has witnessed a steep rise in export of casting products during 2009 to 2013. The figures are expected to rise further with the launch of Vision Plan 2020 for the foundry industry, initiated by The Institute of Indian Foundrymen (IIF) to recommend the needed initiatives for strong growth and help India emerge as a leading supplier of quality castings to the global market by 2020. Developing foundry hubs for the automotive sector and modernization of the manufacturing process are some of the recommended strategies for success in the overall foundry business.

Table of Contents

Slide 1: Executive Summary Macroeconomic Indicators Slide 2: GDP at Factor Cost: Quarterly (2011-12- 2014-15), Inflation Rate: Monthly (Jul 2013 - Dec 2013) Slide 3: Gross Fiscal Deficit: Monthly (Feb 2013 - Jul 2013), Exchange Rate: Half Yearly (Apr 2014 - Sep 2014) Slide 4: Lending Rate: Annual (2011-12 - 2014-15), Trade Balance: Annual (2010-11- 2013-14), FDI: Annual (2009-10 - 2012-13) Introduction Slide 8-9: Foundry Market - Introduction, Foundry Process Flow, Types of Casting Processes Market Overview Slide 11-14: Global Foundry Market - Overview, Global Production of Castings (2007 - 2012), Global Regional Production of Castings (2012), Global Foundry Market - Product-wise Segmentation (2009 - 2012), Global Top 10 Casting Producing Countries (2012) Slide 15-17: Domestic Foundry Market - Overview, Production of Castings - India (2007-08 - 2012-13 and 2013-14e - 2018-19e), Foundry Units - Type-wise Segmentation (2012-13), Production per Plant - Top 10 Countries (2011 - 2012), Sector-wise Consumption of Castings (2011) Foundry Clusters Slide 19: Foundry Clusters in India - Overview Slide 20-26: Foundry Cluster: Belgaum (Production, Turnover, Employment, Export and Challenges), Sector-wise Consumption of Castings in Belgaum, Foundry Cluster: Coimbatore (Production, Turnover, Employment, Export and Challenges), Sector-wise Consumption of Castings in Coimbatore, Foundry Cluster: Howrah (Production, Turnover, Employment, Export and Challenges), Foundry Cluster: Batala and Jalandhar (Production and Challenges), Sector-wise Consumption of Castings in Batala and Jalandhar, Foundry Cluster: Rajkot (Production, Turnover, Employment, Export and Challenges), Sector-wise Consumption of Castings in Rajkot, Foundry Units - Type-wise Segmentation in Rajkot, Foundry Cluster: Kolhapur, Major Foundries Based on Casting Production in Kolhapur, Foundry Units - Geographic Segmentation in Kolhapur, Sector-wise Consumption of Castings in Kolhapur, Foundry Units - Type-wise Segmentation in Kolhapur, Growth in Turnover (2007-08 - 2011-12), Growth in Export (2007-08 - 2011-12), Growth in Direct Employment (2007-08 - 2011-12) in Kolhapur Export-Import Slide 28-29: Exports - Product-wise (2009-10 - 2013-14), Country-Wise Segmentation for Tubes, pipes and hollow profiles, of cast iron (2012-13), Country-Wise Segmentation for Other cast articles of iron or steel (2012-13), Imports - Product-wise (2009-10 - 2013-14), Country-Wise Segmentation for Tubes, pipes and hollow profiles, of cast iron (2012-13), Country-Wise Segmentation for Other cast articles of iron or steel (2012-13) Drivers & Challenges Slide 31: Drivers & Challenges - Summary Slide 32-50: Drivers Slide 51-52: Challenges Competition Slide 54: Porter's Five Forces Analysis Slide 55-59: Competitive Benchmarking Slide 60-84: Major Public Players Slide 85-109: Major Private Players Future Outlook Slide 111-114: Vision Plan 2020 for Foundry Industry, Need for the Plan, Project Plan and Total Investment, Impact of the Plan, India Foundry Mission Vision Plan 2020, Vision Plan 2020 Interventions Strategic Recommendation Slide 116: Strategic Recommendations Appendix Slide 118: Key Ratios Description Slide 119: Sources of Information


This research report involves complete picture of the market with the help of in-depth secondary and primary research. This research report studies several aspects of the market and analyze vital industry influencers. Extensive secondary research has been conducted using paid as well as open access data sources in order to gather information on the market and parent market. These key findings are then analyzed and validated with the help of in-house data models and primary discussions with key industry participants and experts across the value chain


Research Tools and Models

  • Top-Down Approach and Bottom-Up Approach
  • QFD Modeling for Market Size and Share Calculation
  • Regression, Variable and Impact Analysis
  • Penetration Modeling

Qualitative Research

  • It comprises briefing about market dynamics and business opportunities and strategies.
  • Finally, all the research findings are validated through interviews with in-house industry experts, freelance consultants and key opinion leaders etc.

Quantitative Research

It involves various mathematical tools, models, projection, and sampling techniques. It involves following steps:

  • Identification of market variables and market size derivation
  • Assessment of future prospects, opportunities and market penetration rates by analyzing product commercialization, regional trends etc.
  • Evaluation historical market trends and derivation of present and future year-on-year growth trends

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