Automotive Casting Industry Growth Outlook: 5.6% CAGR and $132.74 Billion by 2029

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What Is the Long-Term Growth Forecast for the Automotive Casting Market Size 2025?
In recent times, the size of the automotive casting market has experienced consistent growth. The market will witness a rise from $101.51 billion in 2024 to $106.57 billion in 2025, expanding at a compound annual growth rate (CAGR) of 5.0%. The progression over the historical period is linked with factors like increased automotive manufacturing, escalating demand for passenger cars, a surge in preference for lightweight vehicles, increased necessity for improved surface finishes, and a heightened emphasis on automation.

What CAGR is Forecasted for the Automotive Casting Market Through 2029?
Over the upcoming years, the size of the automotive casting market is anticipated to experience robust growth, and it is projected to expand to $132.74 billion in 2029, with a compound annual growth rate (CAGR) of 5.6%. Reasons for this growth during the forecast period are linked to factors such as increasing demand for electric cars, adoption of innovative die-casting solutions, improved precision and reliability in die-cast components, use of advanced manufacturing techniques, and a heightened need for cast components. The major trends expected during the forecast period involve the application of computer-aided engineering, advancements in casting technology, the use of hybrid metal-composite materials, the creation of new alloys, and progress in squeeze casting.

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What Are the Critical Factors Driving Automotive Casting Market Development?
The boost in automobile manufacturing is poised to stimulate the expansion of the automotive casting market. Automobile production involves the assembly and fabrication stages, which includes passenger vehicles, commercial automobiles, and electric vehicles. The surge in automobile production is attributed to the growing global demand, technological advancements in manufacturing, and favorable government policies. As economies proliferate and the purchasing power of consumers increases, there is an escalating demand for personal and commercial vehicles, thereby boosting production. Automotive casting is instrumental in automobile production as it allows the large-scale production of durable, lightweight, and precision-made components vital for engine efficiency, structural stability, and overall vehicle performance. For example, data from the International Organization of Motor Vehicle Manufacturers (OICA), a France-based auto manufacturers' international association, revealed substantial growth in the global automotive industry in 2023, with the total vehicle production hitting 93.55 million units, a notable increase from 85.02 million units in 2022. Thus, the growing vehicle production significantly contributes to the expansion of the automotive casting market.

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How Does the Automotive Casting Market Break Down Across Major Segments?
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), After market

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

What Are the Major Trends Transforming the Automotive Casting Industry?
Key players in the automotive casting sector are concentrating on the creation of groundbreaking technologies such as die-casting systems. These systems are aimed at cutting down on production costs and creating lighter vehicle parts while improving efficiency. Die-casting systems, which are employed in the manufacture of metal parts, entail injecting molten metal into a die or mold at great pressure. They are often utilized for the creation of intricate components that require high precision and are made of non-ferrous metals like zinc, aluminum, and magnesium. In June 2023, Buhler Holding AG, a plant equipment manufacturer based in Switzerland, launched its Carat 840 mega-casting solution to its European clientele. This next-level die-casting system is engineered to create large, high-strength components, specifically for the automotive industry. It captures high precision, efficiency, and scalability, which allows manufacturers to create intricate aluminum parts via a single casting process, decreases assembly requirements, and improves vehicle performance.

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Which Players Are Driving Innovation in the Automotive Casting Market?
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

Which Regions Are Driving Global Automotive Casting Market Expansion?
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.

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