Press release
Metal Casting Market to Grow to USD 221.3 Billion by 2032 at 5.5% CAGR
Metal Casting Market
According 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.
Lab Grown Diamonds Market to Reach USD 57.95 Billion by 2032, Growing at 9.4% CA …
According to a new report by Maximize Market Research, the global Lab Grown Diamonds Market was valued at USD 28.24 Billion in 2024 and is projected to reach USD 57.95 Billion by 2032, growing at a CAGR of 9.4%. The market expansion is fueled by increasing consumer preference for sustainable, affordable alternatives to natural diamonds and technological innovations in manufacturing.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/193972/
♦ Key HighlightsaMarket Size:
Market Size:…
Water Quality Sensor Market to Reach USD 11.29 Billion by 2032, Growing at a 4% …
According to a new report by Maximize Market Research, the global Water Quality Sensor Market was valued at USD 6.1 Billion in 2024 and is projected to reach USD 11.29 Billion by 2032, growing at a CAGR of 4% during 2025-2032. The market growth is driven by the increasing adoption of smart water monitoring systems, stringent environmental regulations, and demand for real-time water quality assessment across industrial, residential, and governmental…
E-House Market to Reach USD 3.05 Billion by 2032, Growing at a CAGR of 7.03% | E …
According to a new report by Maximize Market Research, the global E-House Market was valued at USD 1.77 Billion in 2024 and is projected to reach USD 3.05 Billion by 2032, growing at a CAGR of 7.03%. The market growth is driven by the increasing adoption of pre-assembled, modular electrical houses across industrial, renewable energy, and utility sectors worldwide.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/28068/
♦ Key HighlightsaMarket Size:
Market Size: USD…
Global Wind Turbine Inspection Services Market to Reach USD 86.22 Billion by 203 …
According to a new report by Maximize Market Research, the global Wind Turbine Inspection Services Market was valued at USD 35.58 billion in 2024 and is projected to reach USD 86.22 billion by 2032, growing at a CAGR of 11.7%. The market growth is fueled by increasing wind power capacity installations worldwide and the adoption of advanced inspection technologies, including drones, AI, and robotics.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/77606/
♦…
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…
