Press release
Metal Casting Market to Grow to USD 221.3 Billion by 2032 at 5.5% CAGR
Opening ParagraphAccording to Maximize Market Research, the Global Metal Casting Market was valued at USD 42.16 billion in 2023 and is projected to grow at a CAGR of 18.9% from 2024 to 2030, reaching nearly USD 141.64 billion by 2030. Growth is fueled by expanding demand for lightweight automotive components, construction applications, and industrial machinery, alongside advancements in casting processes and materials.
Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/1613/
Key Highlights
Market Size & Growth: USD 42.16 B (2023) → USD 141.64 B (2030), CAGR 18.9%
Dominant Material: Cast iron held 70.2% share (2023); aluminium segment forecasted to grow at 9.3% CAGR due to lightweight adoption
Applications: Automotive & transportation remains leading, growing at 5.4% CAGR; industrial accounted for 28.4% share in 2023
Regional Insights: Asia-Pacific held 65.2% share in 2023; Europe to expand at ~4.9% CAGR through 2030
Key Players: Nemak, Dynacast, Aisin Automotive Casting, Rheinmetall Automotive, Georg Fischer Ltd., Ryobi Limited, Toyota Industries Corporation, Bühler AG, ArcelorMittal SA, Endurance, and others
Body Content
Market Overview
Metal casting is a critical manufacturing process that produces durable components used across 90% of industrial goods-from automobiles and aerospace to construction and medical devices. The market, valued at USD 42.16 billion in 2023, is set to expand at 18.9% CAGR, reaching USD 141.64 billion by 2030. Key drivers include rising demand for lightweight materials, stricter emission standards, and the shift toward cost-effective mass production methods.
Eager to discover what's within? Secure your sample copy of the report today:https://www.maximizemarketresearch.com/request-sample/1613/
Segment Insights
By Material: Cast iron continues to dominate (70.2% share, 2023), but aluminium casting is gaining traction, projected to grow at 9.3% CAGR due to demand for fuel-efficient vehicles and recyclable construction materials.
By Application: Automotive & transportation remains the largest segment, expected to grow at 5.4% CAGR, supported by global auto output recovery. Industrial uses, at 28.4% share in 2023, include valves, flanges, jet pipes, and gaskets.
Regional Insights
Asia-Pacific held a commanding 65.2% share in 2023, with China (49,400 kilotons) and India (12,055.1 kilotons) leading production. Europe, home to ~4,500 foundries (70% SMEs), is forecast to grow steadily at 4.9% CAGR, driven by demand in Germany and France.
Competitive Landscape
Key strategies include innovation in casting technologies (HPDC, LPDC, sand casting), expansion in emerging markets, and sustainability initiatives. Global leaders include Nemak, Dynacast, Rheinmetall Automotive, Georg Fischer Ltd., Ryobi Limited, Toyota Industries Corporation, Bühler AG, and others.
Quote
"The surge in demand for lightweight automotive components and recyclable materials is reshaping the global metal casting market. Innovation in aluminium and magnesium casting, along with sustainable practices, will define the industry's growth through 2030," said a Lead Analyst at Maximize Market Research.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
                     Copy
                  
                 Please set a link in the press area of your homepage to this press release on openPR.  openPR disclaims liability for any content contained in this release. 
    You can edit or delete your press release Metal Casting Market to Grow to USD 221.3 Billion by 2032 at 5.5% CAGR here
News-ID: 4157811 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
 
                                            
                                                    Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR  …                                                
                                            
                                        
                                            According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR.
► Get a sample of the…  
                                        
                                     
                                            
                                                    Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 …                                                
                                            
                                        
                                            Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn.
Turbo Trainer Market Overview:
The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essential…  
                                        
                                     
                                            
                                                    Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of  …                                                
                                            
                                        
                                            Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million.
Sodium Acetate Market Overview:
The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, is…  
                                        
                                     
                                            
                                                    India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire  …                                                
                                            
                                        
                                            According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/
♦ Key Highlights
Market size…  
                                        
                                    More Releases for CAGR
                                                    [CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …                                                
                                            
                                        
                                            The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.  
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 
According to the report published by Allied Market Research,…  
                                        
                                    
                                                    [CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …                                                
                                            
                                        
                                            A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.  
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…  
                                        
                                    
                                                    Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034                                                
                                            
                                        
                                            The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…  
                                        
                                    
                                                    Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033                                                
                                            
                                        
                                            The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…  
                                        
                                    
                                                    Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%                                                
                                            
                                        
                                            Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…  
                                        
                                    
                                                    Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026                                                
                                            
                                        
                                            Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise.  According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…  
                                        
                                    