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

𝐌𝐞𝐭𝐚𝐥 𝐂𝐚𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

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.

𝐌𝐞𝐭𝐚𝐥 𝐂𝐚𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

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.

𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞𝐥𝐲: https://www.maximizemarketresearch.com/request-sample/1613/

𝐌𝐞𝐭𝐚𝐥 𝐂𝐚𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

𝙈𝙚𝙩𝙖𝙡 𝘾𝙖𝙨𝙩𝙞𝙣𝙜 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨 𝙞𝙣 𝙑𝙞𝙚𝙩𝙣𝙖𝙢

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.

𝙈𝙚𝙩𝙖𝙡 𝘾𝙖𝙨𝙩𝙞𝙣𝙜 𝙈𝙖𝙧𝙠𝙚𝙩 𝙂𝙧𝙤𝙬𝙩𝙝 𝙞𝙣 𝙏𝙝𝙖𝙞𝙡𝙖𝙣𝙙

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.

𝙈𝙚𝙩𝙖𝙡 𝘾𝙖𝙨𝙩𝙞𝙣𝙜 𝙈𝙖𝙧𝙠𝙚𝙩 𝙏𝙧𝙚𝙣𝙙𝙨 𝙞𝙣 𝙅𝙖𝙥𝙖𝙣

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.

𝙈𝙚𝙩𝙖𝙡 𝘾𝙖𝙨𝙩𝙞𝙣𝙜 𝙈𝙖𝙧𝙠𝙚𝙩 𝘾𝙤𝙣𝙨𝙤𝙡𝙞𝙙𝙖𝙩𝙞𝙤𝙣 𝙞𝙣 𝙎𝙤𝙪𝙩𝙝 𝙆𝙤𝙧𝙚𝙖

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.

𝙈𝙚𝙩𝙖𝙡 𝘾𝙖𝙨𝙩𝙞𝙣𝙜 𝙈𝙖𝙧𝙠𝙚𝙩 𝙐𝙥𝙙𝙖𝙩𝙞𝙤𝙣 𝙞𝙣 𝙎𝙞𝙣𝙜𝙖𝙥𝙤𝙧𝙚

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.

𝙈𝙚𝙩𝙖𝙡 𝘾𝙖𝙨𝙩𝙞𝙣𝙜 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙐𝙣𝙞𝙩𝙚𝙙 𝙎𝙩𝙖𝙩𝙚𝙨

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.

𝙈𝙚𝙩𝙖𝙡 𝘾𝙖𝙨𝙩𝙞𝙣𝙜 𝙈𝙖𝙧𝙠𝙚𝙩 𝙂𝙧𝙤𝙬𝙩𝙝 𝙞𝙣 𝘾𝙝𝙞𝙣𝙖

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.

𝙈𝙚𝙩𝙖𝙡 𝘾𝙖𝙨𝙩𝙞𝙣𝙜 𝙈𝙖𝙧𝙠𝙚𝙩 𝙏𝙧𝙚𝙣𝙙𝙨 𝙞𝙣 𝙀𝙪𝙧𝙤𝙥𝙚

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.

𝐓𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐯𝐢𝐬𝐢𝐭 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐰𝐞𝐛𝐩𝐚𝐠𝐞: https://www.maximizemarketresearch.com/request-sample/1613/

𝐌𝐞𝐭𝐚𝐥 𝐂𝐚𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐛𝐲 𝐏𝐫𝐨𝐜𝐞𝐬𝐬

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

𝐛𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐓𝐲𝐩𝐞

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.

𝐛𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞

BEV
HEV
PHEV

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

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.

𝐓𝐨 𝐟𝐢𝐧𝐝 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐯𝐢𝐬𝐢𝐭: https://www.maximizemarketresearch.com/request-sample/1613/

𝐌𝐞𝐭𝐚𝐥 𝐂𝐚𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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. Bühler 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. Fundição Regali Brasil
25. Industrias Ascheri & Cia.

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