Press release
2023 Latest Trends, Insights in the Global Metal Casting Market: Comprehensive Market Research Report by 2028
The global metal casting market size reached US$ 151.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 236.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
Metal casting is a fundamental manufacturing process that involves pouring molten metal into a mold to create complex shapes and components used in a wide range of industries. The metal casting process begins with the creation of a mold, typically made of sand, ceramic, or metal, which is designed to have the desired shape of the final product. The molten metal is then poured into the mold, where it solidifies and takes the shape of the mold cavity. After cooling and solidification, the mold is removed, revealing the newly formed metal component. Metal casting offers numerous advantages, such as the ability to produce intricate designs, large parts, and components with complex geometries that would be challenging or expensive to achieve through other manufacturing methods. Additionally, metal casting allows for the use of a wide variety of metals, including iron, steel, aluminum, and bronze.
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Global Metal Casting Market Trends:
The global metal casting market is driven by the increasing demand for metal castings in the automotive and transportation industries. Metal castings play a crucial role in the production of automotive components and parts, providing a cost-effective and efficient method for manufacturing complex shapes with high precision. Moreover, the construction industry's growth has also contributed to the demand for metal castings as they are widely used in the construction of infrastructure, buildings, and other structures, as they offer durability and strength to withstand heavy loads and harsh environmental conditions.
Additionally, the rising adoption of 3D printing and additive manufacturing in metal casting processes has revolutionized the market. Furthermore, advancements in metallurgical sciences and casting techniques have improved the quality of metal castings and expanded their applications.
Some of the Top Metal Casting Key Players Operating in the Market are Given Below:
• NEMAK SAB de CV
• GF Casting Solutions AG
• Dynacast Ltd.
• Ryobi Limited
• Rheinmetall Automotive AG
• Endurance Technologies Limited
• Ahresty Corporation
• Gibbs (Koch Enterprises Inc.)
• Aisin Automotive Casting, LLC
• MINO Industry USA, Inc.
• Thyssenkrupp AG
• Toshiba Machine Co., Ltd
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/metal-casting-market
Key Market Segmentation:
Breakup by Process:
• Gravity Casting
• High-Pressure Die Casting (HPDC)
• Low-Pressure Die Casting (LPDC)
• Sand Casting
Breakup by Material Type:
• Aluminum
• Cast Iron
• Magnesium
• Zinc
• Others
Breakup by Components:
• Alloy Wheel
• Battery Housing
• Clutch Casing
• Cross Car Beam
• Crank Case
• Cylinder Head
• Others
Breakup by Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Breakup by Electric and Hybrid Type:
• Hybrid Electric Vehicles (HEV)
• Plug-In Hybrid Electric Vehicles (PHEV)
• Battery Electric Vehicles (BEV)
Breakup by Application:
• Body Assemblies
• Engine Parts
• Transmission Parts
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group
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Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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