Metal Casting Market Size, Trends, Growth Analysis, Share, Research Report and Forecast 2031 | Georg Fischer Ltd, Endurance Technologies Limited, Nemak
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Metal casting is a process in which the molten metal is poured into a mold to produce a three-dimensional metal item. The molten metal is allowed to cool down and solidify into the appropriate geometric shape within the hollow chamber of the mold. These processes frequently employ metals like stainless steel, cast iron, aluminum, manganese, and others.
Factors Influencing Market Growth
- Rapid urbanization and population expansion have increased the growth of the building and architectural sector in both developing and developed economies, like China, the U.S. India, and others, where metal casting is utilized to provide structural supports. Thus, it is anticipated to propel the market growth.
- Increased demand for metal castings in the expanding electronics industry creates lucrative opportunities in the market for the key players.
- High investment prices related to metal casting production may prevent firms with limited financial potential from entering the industry. This factor can limit market expansion.
Study of the COVID-19 Pandemic
In post COVID-19 situation, the metal casting business is anticipated to recover quickly. This is due to its increased dependence on the aerospace, automotive, marine, and other industries. Furthermore, during the second half of the pandemic, once the lockdowns were removed, the manufacturing sectors have also resumed operations when metal castings are frequently employed for production and designing metal components and equipment of various dimensions.
Moreover, the rising adoption of working online or work from home has increased demand for a variety of electronic devices, including tablets, computers, smartphones, and others. The outer casing and internal electronic components of these devices are designed and manufactured using the metal casting process.
Asia-Pacific is anticipated to develop at the highest CAGR during the forecast period. This is due to the expansion of the construction and building, electronics, automotive, and other industries, which have improved the performance of the market in this region.
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Furthermore, China's industrial sector is expanding quickly, which has improved its performance in the region. In addition, nations like Australia, India, Malaysia, and Indonesia have seen a rise in the building and construction industry, where metal casting is used to provide structural supports for both commercial and residential building & construction sites, including hospitals, hotels, homes, apartments, showrooms, warehouses, offices, and garages.
The leading competitors in the global metal casting market are:
- Georg Fischer Ltd
- Endurance Technologies Limited
- Dawang Steel Casting Foundry
- Omnidex Group
- Dynacast International
- Rheinmetall Ag
- MINO Industry USA
- RFQ LINE
- Aisin World Corp. of America
- Ahresty Corporation
- Gujarat Precision Cast Pvt Ltd
- Sujan Industries
- Ryobi Die Casting (USA)
The global metal casting market segmentation focuses on End-use Industry, Process, and Region.
Segmentation based on End-use Industry
- Heavy Machinery and Equipment
- Electrical and Electronics
- Building and Construction
Segmentation based on Process
- Sand Casting
- Investment Casting
- Die Casting
- Gravity Casting
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Segmentation based on Region
- North America
- The U.S.
- Western Europe
- The UK
- Rest of Western Europe
- Eastern Europe
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America
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Table of Content
Chapter 1: Global Metal Casting Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Metal Casting market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Metal Casting Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Metal Casting market Size Forecast (2023-2031).
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Metal Casting market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Metal Casting market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Metal Casting market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Metal Casting business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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