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Metal Casting Market to Reach USD 141.64 Bn by 2030 with 18.9% CAGR

Metal Casting Market

Metal Casting Market

๐Œ๐ž๐ญ๐š๐ฅ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The global metal casting market is experiencing substantial expansion, driven by increasing demand across various industries, including automotive, aerospace, and construction. Valued at approximately USD 42.16 billion in 2023, the market is projected to reach nearly USD 141.64 billion by 2030, exhibiting a robust compound annual growth rate (CAGR) of 18.9% during the forecast period.

๐Œ๐ž๐ญ๐š๐ฅ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

Metal casting involves pouring molten metal into molds to create components with intricate geometries, offering cost-effective solutions for medium to large-scale production. Materials commonly used in metal casting include grey iron, ductile iron, aluminum, steel, copper, and zinc. The versatility and efficiency of metal casting make it indispensable in manufacturing a wide range of products, from household appliances to critical components in the automotive and aerospace sectors.

๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž๐ฅ๐ฒ: https://www.maximizemarketresearch.com/request-sample/1613/

๐Œ๐ž๐ญ๐š๐ฅ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐™ˆ๐™š๐™ฉ๐™–๐™ก ๐˜พ๐™–๐™จ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™Š๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ๐™ช๐™ฃ๐™ž๐™ฉ๐™ž๐™š๐™จ ๐™ž๐™ฃ ๐™‘๐™ž๐™š๐™ฉ๐™ฃ๐™–๐™ข

Vietnam's metal casting market is projected to exhibit a growth rate (CAGR) of 8.90% during 2024-2032. This growth is driven by advancements in casting technologies that improve efficiency, reduce production costs, and enhance the quality of cast metal products.

๐™ˆ๐™š๐™ฉ๐™–๐™ก ๐˜พ๐™–๐™จ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™‚๐™ง๐™ค๐™ฌ๐™ฉ๐™ ๐™ž๐™ฃ ๐™๐™๐™–๐™ž๐™ก๐™–๐™ฃ๐™™

Thailand's metal casting industry is witnessing increased investments aimed at modernizing foundry operations and expanding production capacities. These initiatives are expected to enhance the country's manufacturing capabilities and meet the growing demand for high-quality cast products in the automotive and construction sectors.

๐™ˆ๐™š๐™ฉ๐™–๐™ก ๐˜พ๐™–๐™จ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™๐™ง๐™š๐™ฃ๐™™๐™จ ๐™ž๐™ฃ ๐™…๐™–๐™ฅ๐™–๐™ฃ

Japan continues to be a leader in adopting advanced casting technologies, focusing on precision and efficiency. The integration of automation and robotics in foundries is enhancing production capabilities, catering to the high standards of the automotive and electronics industries.

๐™ˆ๐™š๐™ฉ๐™–๐™ก ๐˜พ๐™–๐™จ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐˜พ๐™ค๐™ฃ๐™จ๐™ค๐™ก๐™ž๐™™๐™–๐™ฉ๐™ž๐™ค๐™ฃ ๐™ž๐™ฃ ๐™Ž๐™ค๐™ช๐™ฉ๐™ ๐™†๐™ค๐™ง๐™š๐™–

South Korea's metal casting market is experiencing consolidation, with key players engaging in mergers and acquisitions to strengthen their market position. This trend is expected to enhance competitiveness and drive innovation in the industry.

๐™ˆ๐™š๐™ฉ๐™–๐™ก ๐˜พ๐™–๐™จ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™๐™ฅ๐™™๐™–๐™ฉ๐™ž๐™ค๐™ฃ ๐™ž๐™ฃ ๐™Ž๐™ž๐™ฃ๐™œ๐™–๐™ฅ๐™ค๐™ง๐™š

Singapore is focusing on updating its metal casting industry by adopting sustainable practices and advanced technologies. The emphasis on environmental sustainability and efficiency is positioning Singapore as a hub for high-quality metal casting services in the region.

๐™ˆ๐™š๐™ฉ๐™–๐™ก ๐˜พ๐™–๐™จ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™Š๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ๐™ช๐™ฃ๐™ž๐™ฉ๐™ž๐™š๐™จ ๐™ž๐™ฃ ๐™ฉ๐™๐™š ๐™๐™ฃ๐™ž๐™ฉ๐™š๐™™ ๐™Ž๐™ฉ๐™–๐™ฉ๐™š๐™จ

The U.S. metal casting market is poised for growth, driven by increasing demand from the automotive and aerospace sectors. Investments in research and development are leading to innovations in casting processes, enhancing product quality and production efficiency.

๐™ˆ๐™š๐™ฉ๐™–๐™ก ๐˜พ๐™–๐™จ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™‚๐™ง๐™ค๐™ฌ๐™ฉ๐™ ๐™ž๐™ฃ ๐˜พ๐™๐™ž๐™ฃ๐™–

China's metal casting market is expanding rapidly, supported by the country's large manufacturing base and demand from various industries. The focus on producing lightweight and high-strength components is driving the adoption of advanced casting technologies.

๐™ˆ๐™š๐™ฉ๐™–๐™ก ๐˜พ๐™–๐™จ๐™ฉ๐™ž๐™ฃ๐™œ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™๐™ง๐™š๐™ฃ๐™™๐™จ ๐™ž๐™ฃ ๐™€๐™ช๐™ง๐™ค๐™ฅ๐™š

Europe's metal casting industry is characterized by a focus on sustainability and technological innovation. The adoption of eco-friendly materials and processes is aligning with stringent environmental regulations, ensuring the industry's growth and compliance.

๐“๐จ ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐ซ๐ž๐ ๐š๐ซ๐๐ข๐ง๐  ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฐ๐ž๐›๐ฉ๐š๐ ๐ž: https://www.maximizemarketresearch.com/request-sample/1613/

๐Œ๐ž๐ญ๐š๐ฅ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐›๐ฒ ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ

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

๐›๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐“๐ฒ๐ฉ๐ž

Aluminium
Cast iron
Magnesium
Zinc
Others

The market is divided into several segments based on the kind of material, including aluminium, cast iron, magnesium, zinc, and others. With 70.2% of the total volume, the iron casting category held the largest market share in 2023. The bulk of demand in this sector is anticipated to come from emerging markets, especially in the oil & gas, construction, and automotive industries. It is probable that investors will continue to prioritise completed casting products. The MMR study states that the production of iron casting increased by 0.11 percent in 2023 compared to 2021.

๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

BEV
HEV
PHEV

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Automotive & transportation
Industrial
Building & construction
Others

The market is divided into several segments based on application, including automotive and transportation, industrial, building and construction, and others. The automotive and transportation category is anticipated to expand at a compound annual growth rate (CAGR) of 5.4% in 2023. Global auto manufacturing has been steadily increasing, if slowly, during the past few years. 2023 saw a 2.5% growth in global automotive production, according to the International Organisation of Motor Vehicle Manufacturers. For automakers and market vendors, using aluminium to reduce weight will remain a crucial component.

๐“๐จ ๐Ÿ๐ข๐ง๐ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/request-sample/1613/

๐Œ๐ž๐ญ๐š๐ฅ ๐‚๐š๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

North America
1. Nemak
2. Dynacast
3. Mino Industrial
4. Aisin Automotive Casting
5. Gibbs Die Casting
6. FORCEBEYOND
7. Reliance Foundry Co. Ltd

Europe
8. Rheinmetall Automotive
9. Georg Fischer Ltd
10. Marimex - M. Ivanov
11. ArcelorMittal SA,
12. Bรผhler AG

Asia-Pacific
13. Ryobi Limited
14. Ahresty Corporation
15. Endurance
16. Tycon Alloy Industries (HongKong)
17. TOYOTA INDUSTRIES CORPORATION
18. NINGBO INNOVAW MECHANICAL CO., LTD
19. Pyrotek

Middle East and Africa
20. Gulf Metal Foundry
21. Saanvi Founders
22. National Metal Manufacturing and Casting Company
23. Arabian FORASOL Foundation LLC

South America
24. Fundiรงรฃo Regali Brasil
25. Industrias Ascheri & Cia.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ญ๐ก๐š๐ญ ๐š๐ซ๐ž ๐ฆ๐š๐ค๐ข๐ง๐  ๐ฐ๐š๐ฏ๐ž๐ฌ:

Edible Insects Market https://www.maximizemarketresearch.com/market-report/global-edible-insects-market/99518/

Global Carotenoids Market https://www.maximizemarketresearch.com/market-report/global-carotenoids-market/21363/

Global Confectionery Market https://www.maximizemarketresearch.com/market-report/confectionery-market/145910/

Butter Market https://www.maximizemarketresearch.com/market-report/butter-market/148628/

Pasta Market https://www.maximizemarketresearch.com/market-report/pasta-market/125484/

Global Acetylcarnitine Market https://www.maximizemarketresearch.com/market-report/global-acetylcarnitine-market/98314/

Organic Chocolate Market https://www.maximizemarketresearch.com/market-report/organic-chocolate-market/220851/

Organic Cheese Market https://www.maximizemarketresearch.com/market-report/organic-cheese-market/220871/

Organic Baby Food Market https://www.maximizemarketresearch.com/market-report/organic-baby-food-market/221143/

Oryzenin Market https://www.maximizemarketresearch.com/market-report/oryzenin-market/217548/

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

MAXIMIZE MARKET RESEARCH PVT. LTD.
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sales@maximizemarketresearch.com

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