Press release
Metal Casting Market is growing at a CAGR of 5.8% in the forecast period (2024-2031)
Metal Casting Market
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Global Metal Casting Market size was valued at USD 151.94 billion in 2022 and is poised to grow from USD 160.75 billion in 2023 to USD 252.37 billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).
The demand for metal castings is closely linked to industrialization and infrastructure development. As countries undergo industrialization, there is a rising need for metal castings in sectors such as automotive, construction, energy, and machinery manufacturing. The construction of infrastructure projects, including buildings, bridges, and transportation networks, further drives the demand for metal castings. The need for repairing and maintaining existing infrastructure, including bridges, railways, and pipelines, contributes to the demand for metal castings. Replacement of aging and worn-out components requires the use of durable metal castings to ensure the longevity and structural integrity of the infrastructure.
Market Segmentation:
Global Metal Casting Market is segmented by process, material type, application, and region.
Based on process, the market can be segmented Gravity Casting, High-Pressure Die Casting (HPDC), Low- Pressure Die Casting (LPDC), and Sand Casting.
Based on material type, the market is segmented into Aluminum Casting, Cast iron, Magnesium Casting, Zinc Casting, and Others.
Based on application, the market is segmented into Automotive & Transportation, Industrial, Building & Construction, and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Metal Casting Market Top Player's Company Profiles
Alcoa Corporation (United States)
Thyssenkrupp AG (Germany)
General Electric Company (United States)
Nemak (Mexico)
Buhler AG (Switzerland)
Bharat Forge Limited (India)
Hitachi Metals, Ltd. (Japan)
Arconic Inc. (United States)
CITIC Dicastal Co., Ltd. (China)
Xinxing Ductile Iron Pipes Co., Ltd. (China)
Amsted Industries Incorporated (United States)
China First Heavy Industries (CFHI) (China)
Weichai Group (China)
Grupo Industrial Saltillo (Mexico)
Neenah Foundry Company (United States)
Metal Technologies Inc. (United States)
Ryobi Limited (Japan)
Aisin Takaoka Co., Ltd. (Japan)
Waupaca Foundry, Inc. (United States)
Gibbs Die Casting Corp. (United States)
Kocel Machinery Co., Ltd. (China)
Shiloh Industries, Inc. (United States)
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Essential regions of the Metal Casting market are:
• Metal Casting North America Market includes (Canada, Mexico, USA)
• Metal Casting Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Metal Casting Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Metal Casting South America Market includes (Brazil, Argentina)
FAQs: -
1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?
What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Metal Casting industry.
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Objectives of the Study:
• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market
Looking ahead, the Metal Casting Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Metal Casting Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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Table of Contents
Global Metal Casting Market Research Report 2024-2031
Chapter 1 Metal Casting Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Metal Casting Market Forecast
...
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