Metal Casting Market Size, Share, Trends, Outlook, and Report 2020 to 2027

The Metal Casting Market is estimated to be USD 23.7 Billion in 2020 and is projected to grow at a CAGR of 9.1% during the forecast period, to reach USD 41 Billion by 2027. Increasing demand for casting from the automotive sector is anticipated to drive the market growth over the forecast period. Metal casting is one of the popular manufacturing processes and involves pouring molten metal into a die or sand mold to get the desired shape. The material types of metals used in metal casting include grey iron, ductile iron, aluminium, stainless steel, magnesium, zinc, and copper alloy.

The growth of the global metal casting market is driven by the increasing demand for metals such as aluminium and magnesium in the major end-use industries such as automotive, aerospace & defence, and building & construction. The demand for aluminium is growing at a significant rate owing to its superior properties such as high strength-to-weight ratio, lightweight, ductility, corrosion resistance, recyclability, and electrical & thermal conductivity. The increasing use of aluminium in automobiles on account of surge in the demand for lightweight and fuel-efficient vehicles to reduce carbon emissions is expected to boost the global market growth. Additionally, the increasing production and sale of automobiles, coupled with the growth of the automotive industry, is expected to fuel the demand for different metals, particularly aluminium, which is expected to propel the growth of the global metal casting market during the review period.

The growth of the major end-use industries such as automotive, building & construction, aerospace & defence, and electrical & electronics is driving the demand for metals, and thus metal casting.

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Key players
Nemak (Mexico)
Ryobi Limited (Japan)
Rheinmetall Automotive (Germany)
GF Automotive (Switzerland)
Ahresty Corporation (Japan)
Dynacast (US), Endurance (India)
Mino Industrial (Japan)

On the Basis of Type:
Iron
Al
Mg
Zn
Others

On the Basis of Application:
Body Assembly
Engine
Transmission

On the Basis of Region:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)

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The Metal Casting market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Metal Casting in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Metal Casting Market
Chapter 5. Global Metal Casting Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global Metal Casting Market Overview, By Distribution Channel, 2015 - 2027(USD Million)
Chapter 7. Global Metal Casting Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 8. North America Metal Casting Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 9. Europe Metal Casting Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific Metal Casting Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Metal Casting Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 12. South America Metal Casting Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Metal Casting Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market

Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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