Casting &
Forging Market
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Information Profile @ a Glance Casting
is one of the oldest manufacturing techniques. In comparison with the
manufacturing of products in a transformation process, casting offers
enormous freedom in terms of shape of the product. The castings and forgings market is mostly a subcontracting industry, supplying a wide range of industries. Customers of the casting and forging companies are main suppliers of modules (e.g. motor blocks, vessels, valves), the Original Equipment Manufacturers (OEM) and their subcontractors. The overall production of forgings increased to about 2.3 million tonnes as on March, 2011, from 1.8 million tonnes a year earlier. Though the growth rate of Rs.15,000-crore industry for the current fiscal was pegged at 20 per cent against 30 per cent last year, the growth potential of the automobile sector, expected to triple in the next eight years . The industry would see further capacity addition, attracting an investment of $3 billion by 2014 |
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MARKETING DETAILS
MARKET SURVEY REPORT
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