Hot Dip Galvanization strengthening the automobile industry

Hot dip galvanizing is rapidly changing the face of the transport industry, by providing robust and corrosion-resistant products. Hot dip galvanization manufacturers India are getting continued orders from numerous transportation-based industries.

As indicated by the introduction of this blog, we are going to highlight the significance of galvanization for transportation.

Galvanization in the automobile and transportation industry

Galvanization has emerged as a blessing in disguise for the transport industry as its unique features and properties are strengthening the transportation industry. Hot dip galvanized transport material reflects the following unique features:

· Lower cost than stainless

· Requires less maintenance

· The lowest long-term cost

· Increased durability

· Long life expectancy

· Reliable and trustworthy

· Coating life and performance are reliable

· Outstanding resistance to mechanical damage

· Protection of even small areas of steel exposed to harsh weather

· Far better than the traditional method of painting

· Saves time, no lost time in surface preparation, painting, and inspection

Numerous transportation and automobile industries are drawing benefits from galvanization

A wide range of transportation and motor vehicle industries are using hot dip galvanization processes and equipment designed and manufactured by prominent hot dip galvanizing manufacturers India. These include bikes, scooters, cars, trucks, buses, trains, airplanes, etc.

Galvanization and automobile market size

From the basics, let’s now shift towards the market size of the transportation industry as it will help us to estimate the market size. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), motor vehicle production in Brazil increased from 23,87,967 units in 2018 to 24,48,490 units in the year 2019. In the same way, motor vehicle production in Malaysia increased from 5,20,526 units in 2018 to 5,34,115 units in the year 2019. Whereas motor vehicle production in China is anticipated to reach 35 million by 2025 as reported by International Trade Administration (ITA). This statistic clearly shows that China is the world's largest vehicle market. In the ensuing section, we will highlight many more interesting statistics.

The automobile industry in India

India’s automobile market was valued at USD 100 billion in 2021 and is estimated to reach USD 160 billion in 2027. It is anticipated to register a CAGR of 8.1% during the forecast period.

Industry experts say the role of the sector can be assumed from the fact that the automobile industry contributes 8% of the country’s total export and accounts for 2.3% of India’s GDP. The automobile industry in India accounts for 12% of the Gross Value Added (GVA) in the manufacturing sector. This clearly shows how important the automobile industry is for the Indian economy!

The Indian automobile market is witnessing positive growth, riding on increased economic activities in a wide range of sectors, especially construction, infrastructure, farming activities, etc. According to a leading automobile market research institute, India is the 4th largest producer of automobiles in the world with an average annual production of more than 4 million motor vehicles. This report indicates that India is the largest tractor manufacturer, second-largest bus manufacturer, and third-largest heavy truck manufacturer in the world.

This clearly shows that increased production in the automobile industry, components, and accessories will drive the future growth of hot dip galvanization India.

Conclusion

Hot dip galvanizinghas a bright future in India, driven by consistent market growth in the automobile and transportation industry.