Metal Casting Market Growth factors, Segmentation, Industry Analysis and Forecast 2030

Metal Casting Market size was valued at US$ 35.46 Bn. in 2022 and the total revenue is expected to grow at 18.9 % through 2023 to 2029, Metal Casting Market is reaching nearly US$ 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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Metal Casting Market Dynamics

Metal Casting Magic Unveiled: A Methodology of Forming Excellence

Metal casting, an artful process, sculpts solidified parts by pouring molten metal into pre-determined geometrical shapes. Materials like grey iron, ductile iron, aluminum, steel, copper, and zinc dance together, creating trustworthy and cost-effective products. This technique shines in producing complex geometries for medium to large quantities, becoming a vital force in crafting 90% of manufactured goods, from medical equipment to automotive components.

Dynamics That Shape the Molten Marvels: Cast Iron's Reign and Aluminium's Ascent

Cast iron, a dance of silicon, carbon, manganese, sulphur, and phosphorus, finds its spotlight in pans, pots, cutlery, engines, pipelines, and automobiles. Grey iron, with qualities like stiffness and thermal conductivity, emerges as a key player in housing and automotive components. Meanwhile, aluminium's lightweight charm fuels its demand in the construction sector, reducing environmental impact through recyclability.

Metal Casting Market Segmentation

Metal Casting Market , by Process

Gravity Casting
High-Pressure Die Casting (HPDC)
Low-Pressure Die Casting (LPDC)
Sand Casting

Metal Casting Market , by Material Type

Aluminium
Cast iron
Magnesium
Zinc
Others

The market is divided into aluminium, cast iron, magnesium, zinc, and others based on the type of material. With a 70.2% market share in terms of volume in 2022, the iron casting segment held the largest share. The bulk of demand in this field is anticipated to come from emerging markets, especially in the oil and gas, construction, and automotive industries. It is probable that investors will persist in their emphasis on completed casting goods. The MMR study states that the production of iron casting increased by 0.11% in 2022 compared to the previous year.

Metal Casting Market , by Vehicle Type

BEV
HEV
PHEV

Metal Casting Market , by Application

Automotive & transportation
Industrial
Building & construction
Others

The market is divided into submarkets based on application, including automotive and transportation, industrial, building and construction, and others. The vehicle and transportation category is anticipated to expand at a compound annual growth rate (CAGR) of 5.4% in 2022. The world's automotive manufacturing has been gradually but steadily increasing over the past few years. As per the International Organisation of Motor Vehicle Manufacturers, there was a 2.5 percent growth in global automotive output in 2022. Automakers and market vendors will continue to place a high value on the use of aluminium in lightening vehicles.

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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

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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:

As the largest regional metal casting market in 2022, Asia Pacific held a 65.2% volume share. In the same year, China was a significant producer and consumer in the area. In 2020, China produced 49,400 kilotons in total. In the same year, 12,055.1 kilotons were produced in India. These countries' growing populations and economic levels are driving up demand for products in end-use industries like automotive and construction. The European metal casting market is anticipated to expand at a moderate rate between 2023 and 2029, with a compound annual growth rate of 4.9% in terms of revenue. The need for finished goods in Germany and France is the primary driver of the region.

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