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Metal Casting Market Expected to Hit a Valuation of USD 325.7 Billion During 2025-2033, CAGR of 6.94%

12-24-2024 01:31 PM CET | Chemicals & Materials

Press release from: IMARC Group

Metal Casting Market Expected to Hit a Valuation of USD 325.7

According to the latest report by IMARC Group, titled "๐Œ๐ž๐ญ๐š๐ฅ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ฒ ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ (๐’๐š๐ง๐ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐ , ๐†๐ซ๐š๐ฏ๐ข๐ญ๐ฒ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐ , ๐‡๐ข๐ ๐ก-๐๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐ƒ๐ข๐ž ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  (๐‡๐๐ƒ๐‚), ๐‹๐จ๐ฐ-๐๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž ๐ƒ๐ข๐ž ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  (๐‹๐๐ƒ๐‚), ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐“๐ฒ๐ฉ๐ž (๐‚๐š๐ฌ๐ญ ๐ˆ๐ซ๐จ๐ง, ๐€๐ฅ๐ฎ๐ฆ๐ข๐ง๐ฎ๐ฆ, ๐’๐ญ๐ž๐ž๐ฅ, ๐™๐ข๐ง๐œ, ๐Œ๐š๐ ๐ง๐ž๐ฌ๐ข๐ฎ๐ฆ, ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐„๐ง๐ ๐”๐ฌ๐ž (๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐š๐ญ๐ข๐จ๐ง, ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐š๐ง๐ ๐Œ๐š๐œ๐ก๐ข๐ง๐ž, ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐  ๐š๐ง๐ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง, ๐€๐ž๐ซ๐จ๐ฌ๐ฉ๐š๐œ๐ž ๐š๐ง๐ ๐Œ๐ข๐ฅ๐ข๐ญ๐š๐ซ๐ฒ, ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ๐ฌ (๐€๐ฅ๐ฅ๐จ๐ฒ ๐–๐ก๐ž๐ž๐ฅ, ๐‚๐ฅ๐ฎ๐ญ๐œ๐ก ๐‚๐š๐ฌ๐ข๐ง๐ , ๐‚๐ฒ๐ฅ๐ข๐ง๐๐ž๐ซ ๐‡๐ž๐š๐, ๐‚๐ซ๐จ๐ฌ๐ฌ ๐‚๐š๐ซ ๐๐ž๐š๐ฆ, ๐‚๐ซ๐š๐ง๐ค ๐‚๐š๐ฌ๐ž, ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐‡๐จ๐ฎ๐ฌ๐ข๐ง๐ , ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž (๐๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ ๐‚๐š๐ซ๐ฌ, ๐‹๐ข๐ ๐ก๐ญ ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ, ๐‡๐ž๐š๐ฏ๐ฒ ๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ข๐š๐ฅ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ), ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐š๐ง๐ ๐‡๐ฒ๐›๐ซ๐ข๐ ๐“๐ฒ๐ฉ๐ž (๐‡๐ฒ๐›๐ซ๐ข๐ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ (๐‡๐„๐•), ๐๐š๐ญ๐ญ๐ž๐ซ๐ฒ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ (๐๐„๐•), ๐๐ฅ๐ฎ๐ -๐ˆ๐ง ๐‡๐ฒ๐›๐ซ๐ข๐ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ (๐๐‡๐„๐•)), ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง (๐๐จ๐๐ฒ ๐€๐ฌ๐ฌ๐ž๐ฆ๐›๐ฅ๐ข๐ž๐ฌ, ๐„๐ง๐ ๐ข๐ง๐ž ๐๐š๐ซ๐ญ๐ฌ, ๐“๐ซ๐š๐ง๐ฌ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐๐š๐ซ๐ญ๐ฌ, ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐š๐ง๐ ๐‘๐ž๐ ๐ข๐จ๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“-๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ‘", offers a comprehensive analysis of the industry, which comprises insights on the global metal casting market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global metal casting market size reached ๐”๐’๐ƒ ๐Ÿ๐Ÿ•๐Ÿ•.๐Ÿ‘ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in 2024. Looking forward, IMARC Group expects the market to reach ๐”๐’๐ƒ ๐Ÿ‘๐Ÿ๐Ÿ“.๐Ÿ• ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง by 2033, exhibiting a growth rate (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ”.๐Ÿ—๐Ÿ’% during 2025-2033.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/metal-casting-market/requestsample

๐Œ๐ž๐ญ๐š๐ฅ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ:

๐†๐ซ๐จ๐ฐ๐ข๐ง๐  ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐‹๐ข๐ ๐ก๐ญ๐ฐ๐ž๐ข๐ ๐ก๐ญ ๐š๐ง๐ ๐‡๐ข๐ ๐ก-๐’๐ญ๐ซ๐ž๐ง๐ ๐ญ๐ก ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ๐ฌ:

The world metal casting industry is experiencing massive growth due to the increase in lightweight and high strength components across different sectors such as automotive, aerospace, and construction. To meet this demand, manufacturers are now turning to advanced alloys to create durable and lightweight parts, along with precision casting methods to improve fuel efficiency while lowering carbon emissions.

The transition to electric vehicles has further accelerated this demand because in order to make the EVs lighter but still structurally sound, cast components are absolutely essential. Metal casting also stands to benefit from innovations such as 3D printing, with the technology allowing the production of complex geometries that better suit the needs of the end-user industries.

๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ:

Technology is evolving, and so is the industry with the help of these newfound innovations, which are to say the least, revolutionizing the metal casting process for the better. Automated/robotic casting, quiet robotic casting systems, are assuring the reduction and most of all the elimination of human errors and enhancing the accuracy with the final product.

Utilizing CAD along with simulation tools allows the manufacturer to examine weaknesses throughout the casting process, manage the production in a more efficient way, and save a significant amount of money. Each foundry is rapidly adopting these advanced technologies with the assistance of IoT and artificial intelligence to facilitate real-time monitoring and data-oriented decision making which in turn is increasing efficiency and at the same time making the metal casting process more eco-friendly in terms of waste and energy use.

๐„๐ฑ๐ฉ๐š๐ง๐๐ข๐ง๐  ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐„๐ฆ๐ž๐ซ๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ๐ฌ:

Countries having emerging economies getter assist the upsurge of the casting of metals market with rapid industrial development and suburban growth Similarly, increased infrastructure and growth of the automotive industry in Asia-pacific, Latin America and Africa have increased the demand for metal casting components. In these areas, governments are also promoting the manufacture of products for consumption through active investments and favorable policies thus increasing the market. But still there are some issues like a shortage of qualified employees for this sector and compliance with environmental requirements. All these difficulties can be solved through training programs and appropriate business practices with respect to economics of sustainable development.

๐๐ฒ ๐ญ๐ก๐ž ๐ˆ๐Œ๐€๐‘๐‚ ๐†๐ซ๐จ๐ฎ๐ฉ, ๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐“๐จ๐ฉ ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐Œ๐ž๐ญ๐š๐ฅ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž ๐†๐ข๐ฏ๐ž๐ง ๐๐ž๐ฅ๐จ๐ฐ:

โ€ข Arkema Group
โ€ข BASF SE
โ€ข Honeywell International Inc.
โ€ข Tosoh Corporation
โ€ข Zeochem LLC

๐†๐ฅ๐จ๐›๐š๐ฅ ๐Œ๐ž๐ญ๐š๐ฅ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The metalcasting market is undergoing changes which are related to constructional, technological and economical factors. For eco-awareness, it is opportune for manufacturers to take on the great opportunity of using composition materials. The growth of additive manufacturing within the sphere of casting extends the potential of geometric and artificial evolution, while reducing the volume of materials used as well as the duration of construction. Furthermore, the emphasis on robotics and electronic tools enhance processes, quality, and cost.

The metalcasting market remains significant for the provision of the advanced robust solutions, as the industries are aiming to satisfy the rigorous performance specifications and sustainability requirements.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Ž๐ฎ๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ๐ฌ ๐Ÿ๐จ๐ซ ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ๐ฌ, ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง, ๐š๐ง๐ ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ข๐ž๐ฌ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž: https://www.imarcgroup.com/request?type=report&id=1491&flag=C

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ:

โ€ข Sand Casting
โ€ข Gravity Casting
โ€ข High-Pressure Die Casting (HPDC)
โ€ข Low-Pressure Die Casting (LPDC)
โ€ข Others

According to the report, sand casting represented the largest segment.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐“๐ฒ๐ฉ๐ž:

โ€ข Cast Iron
โ€ข Aluminum
โ€ข Steel
โ€ข Zinc
โ€ข Magnesium
โ€ข Others

According to the report, cast iron accounted for the largest market share.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž:

โ€ข Automotive and Transportation
โ€ข Equipment and Machine
โ€ข Building and Construction
โ€ข Aerospace and Military
โ€ข Others

According to the report, automotive and transportation represented the largest segment.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ๐ฌ:

โ€ข Alloy Wheels
โ€ข Clutch Casing
โ€ข Cylinder Head
โ€ข Cross Car Beam
โ€ข Crank Case
โ€ข Battery Housing
โ€ข Others

According to the report, alloy wheels accounted for the largest market share.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž:

โ€ข Passenger Cars
โ€ข Light Commercial Vehicles
โ€ข Heavy Commercial Vehicles

According to the report, passenger cars represented the largest segment.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐š๐ง๐ ๐‡๐ฒ๐›๐ซ๐ข๐ ๐“๐ฒ๐ฉ๐ž:

โ€ข Hybrid Electric Vehicles (HEV)
โ€ข Battery Electric Vehicles (BEV)
โ€ข Plug-In Hybrid Electric Vehicles (PHEV)

According to the report, hybrid electric vehicles (HEV) accounted for the largest market share.

๐๐ซ๐ž๐š๐ค๐ฎ๐ฉ ๐›๐ฒ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:

โ€ข Body Assemblies
โ€ข Engine Parts
โ€ข Transmission Parts
โ€ข Others

According to the report, body assemblies accounted for the largest market share.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข North America (United States, Canada)
โ€ข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
According to the report, Asia Pacific accounted for the largest market share.

๐Š๐ž๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โ€ข Market Performance
โ€ข Market Outlook
โ€ข COVID-19 Impact on the Market
โ€ข Porter's Five Forces Analysis
โ€ข Historical, Current and Future Market Trends
โ€ข Market Drivers and Success Factors
โ€ข SWOT Analysis
โ€ข Structure of the Market
โ€ข Value Chain Analysis
โ€ข Comprehensive Mapping of the Competitive Landscape

๐๐จ๐ญ๐ž: ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ง๐ž๐ž๐ ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ญ๐ก๐š๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ž ๐œ๐š๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐š๐ฌ ๐š ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐’:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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