You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

LONDON--(BUSINESS WIRE)--The foundry market in India is expected to grow by USD 13.08 billion, progressing at a CAGR of 10% during the forecast period. Click & Get Free Sample Report in Minutes The focus on technology upgrades is one of the major factors propelling market growth. However, factors such as the focus on technology upgrades will hamper the market growth. More details: https://www.technavio.com/report/foundry-market-in-india-industry-analysis Foundry Market In India: End-user Landscape Based on the End-user landscape, the automotive segment is expected to post significant growth during the forecast period. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Related Reports on Industrials Include: Smoke Detectors Market by End-user, Type, and Geography - Forecast and Analysis 2020-2024: The smoke detectors market size has the potential to grow by USD 673.64 million during 2020-2024, and the markets growth momentum will accelerate during the forecast period. Click and get a FREE sample report in minutes HSS Metal Cutting Tools Market by Product and Geography - Forecast and Analysis 2020-2024: The HSS metal cutting tools market size has the potential to grow by USD 4.72 billion during 2020-2024, and the markets growth momentum will accelerate at a CAGR of 8.60%. Click and get a FREE sample report in minutes Companies Covered: What our reports offer: Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by End-user Market Segmentation by Casting Type Customer landscape Drivers, Challenges, and Trends Vendor Landscape Vendors covered Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Global Foundry Market In India 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio