Metal Casting Market Industry Trends, Business Share, New Opportunities and Forecast 2029

Metal Casting Market is expected to grow at 18.9 % through 2023 to 2029, Metal Casting Market is reaching nearly USD 119.15 Bn. by 2029.

Metal Casting Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Metal Casting industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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What are Metal Casting Market Dynamics?

Metal casting offers a versatile approach to manufacturing, making it the preferred choice for various industries. Materials like gray cast iron, ductile iron, and aluminum are widely used, influencing the market dynamics. The cast iron market is experiencing growth due to rising demands for everyday items like cookware, engines, pipelines, and automotive components. Its attributes, such as rigidity, thermal conductivity, and wear resistance, make it a preferred material.

Aluminum casting has also carved a niche in the building sector, thanks to its lightweight and aesthetic appeal. From construction equipment to building facades and roofs, aluminum castings have found their way into various applications. The demand is further boosted as environmental concerns lead to an emphasis on recycling, which reduces the environmental footprint of construction activities.

Metal Casting Market Segmentation?

The market for metal casting is segmented based on the type of material, application, process, and vehicle type.

Material Types: Iron casting claims the largest market share in terms of volume, capturing 70.2% in 2022. Emerging markets, particularly in the automotive, construction, and oil and gas sectors, are expected to drive the demand, with a focus on finished casting products.

Lightweight materials like aluminum and magnesium are in demand due to stricter emission regulations and rising energy efficiency standards. These materials help reduce fuel consumption in automobiles, making them popular among automakers. The aluminum casting segment is forecasted to experience a significant revenue growth, with a projected CAGR of 9.3% over the forecast period.

Applications: Automotive and transportation are the key growth drivers, with a 5.4% CAGR expected in this sector from 2022. As global car production continues its steady upward trend, aluminum usage for weight reduction will be a significant consideration for automakers and market vendors.

Industrial applications account for 28.4% of the market in 2022. Iron and steel industry products such as metal valves, decanter centrifuges, jet pipes, flanges, and more contribute to the industrial casting segment. As manufacturing industries grow in countries like China and other emerging markets, this division of labor is expected to stimulate growth.

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Who are Metal Casting Market Key Players?

1. Nemak
2. Ryobi Limited
3. GF Automotive
4. Rheinmetall Automotive
5. Ahresty Corporation
6. Dynacast
7. Endurance
8. Mino Industrial
9. Aisin Automotive Casting
10. Gibbs Die Casting
11. Georg Fischer Ltd
12. Precision Castparts Corp
13. Alcast Technologies
14. FORCEBEYOND
15. Reliance Foundry Co. Ltd

Table of content for the Metal Casting Market includes:

Part 01: Executive Summary

Part 02: Scope of the Metal Casting Market Report

Part 03: Global Metal Casting Market Landscape

Part 04: Global Metal Casting Market Sizing

Part 05: Global Metal Casting Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global Metal Casting market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Military Land Vehicle Market is experiencing a rise in demand for electric vehicles, driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Metal Casting to bolster military capabilities.

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