Press release
Industrial Casting Market sizeis expected to reach at US$ 94.67 Bn. by 2030, as per Maximize Market research
Industrial Casting Market
Industrial Casting Market Overview
Industrial casting is a process in manufacturing where molten metal is poured into a mold to produce solid metal parts. Industrial casting is crucial as it enables the cost-effective manufacturing of intricate metal parts. It additionally minimizes the quantity of separate components needed, makes assembly procedures easier, and streamlines inventory control.
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Industrial Casting Market drivers
Rising need from major sectors such as transportation, industrial, and building & construction, increasing utilization of lightweight metals (aluminum) in cars to enhance fuel efficiency, and increasing industrialization in developing countries such as India and China are primary driving forces in the Industrial Casting Market.
Industrial Casting Market restraints
High levels of energy usage are necessary for industrial casting processes, raising environmental worries is the primary restraining factor faced by Industrial Casting Market. The stringent government regulations and rules regarding emissions and safety criteria may influence production expenses and prompt investments in research and development.
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Industrial Casting Market trends
Aluminum casting materials are becoming more popular because of their light weight and the way they can help enhance fuel efficiency in vehicles. Strict environmental regulations are promoting the usage of cleaner casting technologies in order to decrease emissions. The application of simulation technology is improving casting procedures and elevating the quality of products.
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Recent News about Industrial Casting market
23/10/2024 Febtech to present Innovation in Die Casting Automation and Precision Engineering
30/9/2024 Japan factory output falls, casting doubts about pace of economic recovery
21/12/2023 USA - West Feliciana foundry plans $7.4M modernization project
20/11/2023 NSI Industries Acquires Cast Products Inc.
6/12/2023 Woodings Industrial Corporation and Affiliated Companies Acquire Superior Machine Company of South Carolina, Inc., a Premier MRO Provider of Electric Arc Furnace and Continuous Casting Equipment.
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Industrial Casting Market Segmentation
by End-Users
Transportation
Industrial
Building & Construction
Others
by Product
Ferrous Castings
Non-Ferrous Castings
Industrial Casting Market Key Players
1. Alcoa
2. Ryobi
3. Martinrea Honsel
4. Gibbs Die Casting
5. Alcast
6. Hitachi Metals
7. Dynacast
8. Consolidated Metco
9. Precision Castparts
10.Avalon Precision Casting
11.ESCO Corp.
12.Great Lakes Castings LLC
13.Impro Precision Industries Ltd.
14.KSB SE, and Co. KGaA
15.Meridian Lightweight Technologies Inc.
16.ThyssenKrupp
Key questions answered in the Industrial Casting Market are:
• What segments are covered in the Global Industrial Casting Market report?
• What is the most popular type of casting?
• What is the market size of casting agencies?
• What is the forecast period for the Global Market?
• What is casting in industrial industry?
Key Offerings:
• Past Industrial Casting Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Industrial Casting Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• § Competitive landscape - Industrial Casting Market Leaders, Market Followers, Regional player
• § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
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