PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584654
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584654
India Brass Market, By Type; By Application; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Brass Market Size Expands at 4.6% CAGR to Touch USD 712 Million by 2030
India Brass Market is thriving due to a rising demand for brass from major sectors, an increasing number of infrastructure development projects, and growing popularity of decorative brass items.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Brass Market size by value at USD 526.68 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Brass Market size to expand at a CAGR of 4.60% reaching a value of USD 711.81 million by 2030. India Brass Market is driven by an increasing demand from the electrical, automotive, and construction industries due to brass's durability, corrosion resistance, and conductivity. Rising number of infrastructure development projects and rapid urbanization further boost demand for brass, particularly in plumbing and fittings. Additionally, growing environmental concerns push for recyclable materials like brass, supporting sustainable growth. Export opportunities, due to India's skilled manufacturing sector, and rising consumer preference for aesthetic, durable products in home decor also contribute to market expansion.
Opportunity - Expanding Use of Brass in Industrial Applications
India Brass Market is experiencing robust growth due to the expanding use of brass across various industrial applications. Brass, valued for its durability, corrosion resistance, and electrical conductivity, is in high demand in sectors like automotive, electronics, and construction. Brass's versatility enables manufacturers to develop components ranging from fittings to electrical connectors, boosting market demand. Additionally, India's industrial growth and government incentives for manufacturing further drive India Brass Market.
Impact of Escalating Geopolitical Tensions on India Brass Market
Escalating geopolitical tensions could impact India Brass Market by increasing raw material costs, supply chain disruptions, and trade uncertainties. Key brass inputs like copper and zinc face price volatility due to trade restrictions and sanctions, challenging manufacturers to maintain cost efficiency. Export demand can decline as global buyers seek stable suppliers, impacting India's export-driven brass industry. Additionally, shifting trade alliances may encourage India to strengthen domestic supply chains, reducing dependence on import-reliant sources for crucial brass components.
Brass Rods Segment Leads India Brass Market
In India Brass Market, the brass rods segment holds the largest share, primarily due to substantial demand across automotive, electrical, and construction sectors. The popularity of brass rods can be attributed to their exceptional durability, corrosion resistance, and ease of machining, making them ideal for producing fasteners, fittings, and architectural hardware. The surge in infrastructure development and the growth of the automotive industry are further amplifying demand for brass rods. Additionally, advancements in manufacturing techniques, along with an increased focus on brass recycling, are driving production efficiencies, which continue to solidify the brass rods segment's prominence in India Brass Market.
Competitive Landscape
India Brass Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Hindalco Industries Limited, Sterlite Technologies Limited, KCP Limited, Rajasthan State Mines and Minerals Corporation (RSMML), Gwalior Steel Limited (GSL), Hind High Vacuum (HHV), Usha Martin Limited, Jai Balaji Alloys Limited, and Bajaj Electricals Limited. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in India Brass Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Brass Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in India Brass Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Brass Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Construction Industry
- 3.2.1.2. Increasing Automotive Industry
- 3.2.1.3. Growing Electrical and Electronics Industry
- 3.2.2. Restraints
- 3.2.2.1. Fluctuating Metal Prices
- 3.2.2.2. Competition from Alternative Materials
- 3.2.3. Opportunities
- 3.2.3.1. Expansion in Industrial Applications
- 3.2.3.2. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Economic Downturns
- 3.2.4.2. Supply Chain Disruptions
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Brass Market: Marketing Strategies
5. India Brass Market: Pricing Analysis
6. India Brass Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. Brass Wires
- 6.2.1.2. Brass Rods
- 6.2.1.3. Brass Strips
- 6.2.2. By Application
- 6.2.2.1. Meshes
- 6.2.2.2. Springs
- 6.2.2.3. Cables & Wires
- 6.2.2.4. Mechanical Fasteners
- 6.2.2.5. Rivets
- 6.2.2.6. High-strength Welding Suture
- 6.2.2.7. Machines
- 6.2.2.8. Automotive
- 6.2.2.9. Electric Appliances
- 6.2.3. By Region
- 6.2.3.1. North India
- 6.2.3.2. South India
- 6.2.3.3. East India
- 6.2.3.4. West India
- 6.2.1. By Type
7. North India Brass Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Application
8. South India Brass Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Application
9. East India Brass Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Application
10. West India Brass Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Application
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Brass Market Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Brass Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Hindalco Industries Limited
- 13.2. Sterlite Technologies Limited
- 13.3. KCP Limited
- 13.4. Rajasthan State Mines and Minerals Corporation (RSMML)
- 13.5. Gwalior Steel Limited (GSL)
- 13.6. Hind High Vacuum (HHV)
- 13.7. Usha Martin Limited
- 13.8. Jai Balaji Alloys Limited
- 13.9. Bajaj Electricals Limited
- 13.10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Country
- 15.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 India Brass Market Segmentation
- Figure 2 India Brass Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Brass Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Brass Market Share, By Product, By Value, 2019-2030
- Figure 6 India Brass Market Share, By Application, By Value, 2019-2030
- Figure 7 India Brass Market Share, By Region, By Value, 2019-2030
- Figure 8 North India Brass Market Size, By Value (USD Million), 2019-2030
- Figure 9 North India Brass Market Share, By Product, By Value, 2019-2030
- Figure 10 North India Brass Market Share, By Application, By Value, 2019-2030
- Figure 11 South India Brass Market Size, By Value (USD Million), 2019-2030
- Figure 12 South India Brass Market Share, By Product, By Value, 2019-2030
- Figure 13 South India Brass Market Share, By Application, By Value, 2019-2030
- Figure 14 East India Brass Market Size, By Value (USD Million), 2019-2030
- Figure 15 East India Brass Market Share, By Product, By Value, 2019-2030
- Figure 16 East India Brass Market Share, By Application, By Value, 2019-2030
- Figure 17 West India Brass Market Size, By Value (USD Million), 2019-2030
- Figure 18 West India Brass Market Share, By Product, By Value, 2019-2030
- Figure 19 West India Brass Market Share, By Application, By Value, 2019-2030
List of Tables
- Table 1 India Brass Market Size, By Value (USD Million), 2019-2030
- Table 2 India Brass Market Size, By Product, By Value, 2019-2030
- Table 3 India Brass Market Size, By Application, By Value, 2019-2030
- Table 4 India Brass Market Size, By Region, By Value, 2019-2030
- Table 5 North India Brass Market Size, By Value (USD Million), 2019-2030
- Table 6 North India Brass Market Size, By Product, By Value, 2019-2030
- Table 7 North India Brass Market Size, By Application, By Value, 2019-2030
- Table 8 South India Brass Market Size, By Value (USD Million), 2019-2030
- Table 9 South India Brass Market Size, By Product, By Value, 2019-2030
- Table 10 South India Brass Market Size, By Application, By Value, 2019-2030
- Table 11 East India Brass Market Size, By Value (USD Million), 2019-2030
- Table 12 East India Brass Market Size, By Product, By Value, 2019-2030
- Table 13 East India Brass Market Size, By Application, By Value, 2019-2030
- Table 14 West India Brass Market Size, By Value (USD Million), 2019-2030
- Table 15 West India Brass Market Size, By Product, By Value, 2019-2030
- Table 16 West India Brass Market Size, By Application, By Value, 2019-2030
- Table 17 Hindalco Industries Limited Company Overview
- Table 18 Hindalco Industries Limited Financial Overview
- Table 19 Sterlite Technologies Limited Company Overview
- Table 20 Sterlite Technologies Limited Financial Overview
- Table 21 KCP Limited Company Overview
- Table 22 KCP Limited Financial Overview
- Table 23 Rajasthan State Mines and Minerals Corporation (RSMML) Company Overview
- Table 24 Rajasthan State Mines and Minerals Corporation (RSMML) Financial Overview
- Table 25 Gwalior Steel Limited (GSL) Company Overview
- Table 26 Gwalior Steel Limited (GSL) Financial Overview
- Table 27 Hind High Vacuum (HHV) Company Overview
- Table 28 Hind High Vacuum (HHV) Financial Overview
- Table 29 Usha Martin Limited Company Overview
- Table 30 Usha Martin Limited Financial Overview
- Table 31 Jai Balaji Alloys Limited Company Overview
- Table 32 Jai Balaji Alloys Limited Financial Overview
- Table 33 Bajaj Electricals Limited Company Overview
- Table 34 Bajaj Electricals Limited Financial Overview
