Press release
Metal Casting Market - Global Industry Size Projected to Reach USD 325.69 Billion by 2033 | CAGR of 6.94%.
The global metal casting market size reached USD 177.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 325.7 Billion by 2033, exhibiting a growth rate (CAGR) of 6.94% during 2025-2033.
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Global Metal Casting Market Dynamics:
Automotive Industry's Demand for Lightweight Components:
The global market for metal casting is greatly driven by the need for lightweight parts from the automotive industry. Electric vehicles and fuel economy standards are making it necessary for vehicles to be made from lighter materials. The industry uses metal casting for aluminum and magnesium alloys to manufacture complex, light weight parts like engine blocks, transmission housings, and chassis components. The growing electrification of vehicles along with greater emphasis on achieving lower carbon emissions will sustain the demand for lightweight castings and define the market.
Infrastructure Development and Construction Activities:
Construction and global infrastructure development are some major propellers in the metal casting market. There is a growing urbanization in developing countries which require construction of roads, bridges, buildings, and other infrastructure. Iron and steel metal castings are vital for such developments as they are used for pipes, valves, structural supports, and machinery parts. The sustained global investment in infrastructure will ensure the need for metal castings, thus growing the market.
Industrial Machinery and Equipment Manufacturing:
The sector of industrial machinery and equipment is one of the greatest consumers of metal castings. Industries, such as manufacturing, energy, and agriculture, use metal castings for building components, machines, tools, and equipment. The demand for metal castings closely follows the expansion of these industries, which is supported by modern technology, automation, and increased productivity in the industry. As industries modernize their equipment and improve their output levels, the demand for high quality metal castings will keep increasing.
By the IMARC Group, Some of the Top Competitive Landscape Operating in the Metal Casting Market are Given Below:
• Arkema Group
• BASF SE
• Honeywell International Inc.
• Tosoh Corporation
• Zeochem LLC
Global Metal Casting Market Trends:
The world's metal casting market is changing in response to the new demands and the overall progress of technology in the industry. One such noticeable change is increased use of newer casting techniques. The use of additive manufacturing (3D printing) and high pressure die casting is becoming widespread. These technologies allow the fabrication of parts that are more detailed and more efficient.
Moreover, focus is shifting towards the implementation of a sustainable matrix such as incorporating recycled materials into the energy efficient casting process. Efforts are also being made by manufacturers to resolve quality and casting defect issues through advanced process control and simulation. Furthermore, the increasing market demand for higher performing alloys is being complemented by the introduction of new products with enhanced strength, toughness, and corrosion resistance.
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Key Market Segmentation:
Breakup by Process:
• Sand Casting
• Gravity Casting
• High-Pressure Die Casting (HPDC)
• Low-Pressure Die Casting (LPDC)
• Others
According to the report, sand casting represented the largest segment.
Breakup by Material Type:
• Cast Iron
• Aluminum
• Steel
• Zinc
• Magnesium
• Others
According to the report, cast iron accounted for the largest market share.
Breakup by End Use:
• Automotive and Transportation
• Equipment and Machine
• Building and Construction
• Aerospace and Military
• Others
According to the report, automotive and transportation represented the largest segment.
Breakup by Automotive and Transportation Market:
Components:
• Alloy Wheels
• Clutch Casing
• Cylinder Head
• Cross Car Beam
• Crank Case
• Battery Housing
• Others
According to the report, alloy wheels accounted for the largest market share.
Breakup by Automotive and Transportation Market:
Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
According to the report, passenger cars represented the largest segment.
Breakup by Automotive and Transportation Market:
Electric and Hybrid Type:
• Hybrid Electric Vehicles (HEV)
• Battery Electric Vehicles (BEV)
• Plug-In Hybrid Electric Vehicles (PHEV)
According to the report, hybrid electric vehicles (HEV) accounted for the largest market share.
Breakup by Automotive and Transportation Market:
Application:
• Body Assemblies
• Engine Parts
• Transmission Parts
• Others
According to the report, body assemblies accounted for the largest market share.
Regional Insights:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
According to the report, Asia Pacific accounted for the largest market share.
Key highlights of the Report:
• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Contact US:
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
About Us
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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