Press release
Automotive Casting Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Automotive Casting Market
What Is the Expected Automotive Casting Market Size During the Forecast Period?
In recent times, we've seen a robust expansion in the size of the automotive casting market. It is forecasted to rise from $101.51 billion in 2024 to $107.97 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.4%. This growth throughout the historic period is the result of a surge in automotive manufacturing, an increase in passenger car requirements, a rising demand for lightweight vehicles, an heightened interest in superior surface finishes, and a burgeoning emphasis on automation.
Expectations are high for the automotive casting market to exhibit significant growth over the next several years, swelling to a notable $137.30 billion value by 2029 at a compound annual growth rate (CAGR) of 6.2%. The projected increase throughout this period may be credited to factors such as the growing demand for electric vehicles, the increased use of cutting-edge die-casting solutions, improvements in precision and dependability of die-cast components, escalating utilization of modern manufacturing methodologies, and the surging requirement for cast parts. Dominant trends anticipated in the forecast period encapsulate the amalgamation of computer-aided engineering and casting technology development, the blending of hybrid metal-composite materials, the creation of novel alloys, and development in the field of squeeze casting.
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What Are the High-Growth Segments in the Automotive Casting Market?
The automotive casting market covered in this report is segmented -
1) By Material Type: Iron, Steel, Aluminum, Other Materials
2) By Process Type: Sand Casting, Die Casting, Investment Casting, Other Processes
3) By Application Type: Engine, Transmission And Suspension, Brakes And Wheels, Other Applications
4) By Distribution Channel Type: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Iron: Gray Iron Casting, Ductile Iron Casting, Malleable Iron Casting
2) By Steel: Carbon Steel Casting, Alloy Steel Casting, Stainless Steel Casting
3) By Aluminum: High-Pressure Die Casting (HPDC), Low-Pressure Die Casting (LPDC), Gravity Die Casting, Sand Casting
4) By Other Materials: Magnesium Casting, Zinc Casting, Copper and Bronze Casting
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What Key Drivers Are Expected to Influence Future Automotive Casting Market Growth?
The automotive casting market is set to advance due to an escalated rate of vehicle production. The term 'vehicle production' encompasses the assembly and production stages of manufacturing automobiles, which include passenger cars, commercial vehicles, and electric vehicles. This expansion in vehicle production arises from an increasing worldwide demand, technological developments in manufacturing, and the backing of governmental rules and regulations. As the economy flourishes and the purchasing proficiency of consumers upsurges, the demand for both personal and commercial vehicles escalates, hence impelling production. Automotive casting forms an indispensable part of vehicle production, facilitating large-scale production of high-strength, accurate, and lightweight components that are vital for engine operation, structural robustness, and general vehicle effectiveness. For instance, in 2023 the global automotive industry witnessed considerable growth, as per the International Organization of Motor Vehicle Manufacturers (OICA), an international association of car manufacturers based in France. The total vehicle production in 2023 escalated to 93.55 million units, a significant rise from 85.02 million units in 2022. Consequently, this surge in vehicle production is stimulating the growth of the automotive casting market.
Which Companies Hold the Largest Share Across Different Automotive Casting Market Segments?
Major companies operating in the automotive casting market are Rheinmetall Automotive AG, Linamar Corporation, Nemak S.A.B. de C.V., Bühler AG, Sundaram-Clayton Limited, Rockman Industries Limited, Dynacast International Inc., Endurance Technologies Limited, Ahresty Corporation, Teksid S.p.A., Pace Industries LLC, Impro Industries USA Inc., Metal Technologies Inc., Ryobi Die Casting (USA) Inc., Gibbs Die Casting Corporation, Atek Metal Technologies LLC, Chicago White Metal Casting Inc., Cadillac Casting Inc., Aisin Automotive Casting LLC, Georg Fischer Automotive
What Trends Are Driving Growth in The Automotive Casting Market?
Key players in the automotive casting market are prioritizing the development of innovative technologies like die-casting systems. Their aim is to cut down manufacturing expenses, increase efficiency, and create lighter car parts. The die-casting procedure involves injecting molten metal into a mold or die with a high amount of pressure, typically used to make intricate, non-ferrous metal pieces, including aluminum, zinc, and magnesium. In June 2023, for example, Buhler Holding AG, a Swiss-based plant equipment producer, unveiled its Carat 840 mega-casting solution to its European client base. Primarily designed for crafting large, high-strength structural components for the car industry, the state-of-the-art die-casting system offers precision, efficiency, and scalability for manufacturers. This allows them to muster complex aluminum elements in one casting phase, minimizing assembly needs and improving overall vehicle performance.
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What Are the Emerging Geographies for The Automotive Casting Market Growth?
Asia-Pacific was the largest region in the automotive casting market in 2024. The regions covered in the automotive casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Casting Market?
2. What is the CAGR expected in the Automotive Casting Market?
3. What Are the Key Innovations Transforming the Automotive Casting Industry?
4. Which Region Is Leading the Automotive Casting Market?
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