Metal Casting Market Outlook 2024-2030: Projected Growth to USD 141.64 Billion

Metal Casting Market Overview

The total global market for the “ Metal Casting Market” was valued at USD in 2023 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2030. The report analyzed by Maximize Market Research, on the Metal Casting market, covers an extensive regional analysis and competitive landscape.

Melted metal is poured into a hollow container with a predefined geometric shape to make solidified pieces using the metal casting method. Steel, copper, zinc, aluminium, grey iron, ductile iron, and aluminium are all reliable and efficient metal casting materials. Metal casting is less expensive than other production methods and can produce goods with complex geometries in medium to large numbers. 90% of manufactured goods and equipment, from medical devices and home appliances to vital parts of cars and aeroplanes, are made of cast metal, making them indispensable to both the economy and daily life.

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Metal Casting Market Report Scope and Research Methodology

The Market Report on Metal Casting provides a detailed view of its scope and research methodology. It includes both qualitative and quantitative assessments, examining market dynamics, trends, motivating factors, difficulties, and chances for growth. The research approach integrates primary and secondary research methods, including interviews with industry specialists, market surveys, and data analysis from reputable sources. This method guarantees a comprehensive analysis of the Metal Casting Metal Casting market, delivering valuable information to stakeholders.

The method of creating a moulded object by pouring molten metal into a hollow container with a predetermined geometric shape is known as metal casting. Metal casting materials that are dependable and practical include grey cast iron, ductile iron, aluminium, steel, copper, and zinc. When producing medium to large quantities of castings, metal casting is less expensive than other production methods and may create items with complex geometries. Ninety percent of manufactured goods and equipment employ cast metal, making them essential to human survival and the economy—from medical and domestic appliances to major parts of cars and aeroplanes.

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Metal Casting Market Regional Insights

Regional analysis is conducted to assess the status of the Metal Casting market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Metal Casting market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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Metal Casting Market Segmentation :

by Process Gravity Casting
High-Pressure Die Casting (HPDC)
Low-Pressure Die Casting (LPDC)
Sand Casting

by Material Type
Aluminium
Cast iron
Magnesium
Zinc
Others

by Vehicle Type
BEV
HEV
PHEV

The market is divided into aluminium, cast iron, magnesium, zinc, and others based on the type of material. With a 70.2% market share in terms of volume in 2023, the iron casting segment held the largest share. The bulk of demand in this field is anticipated to come from emerging markets, especially in the oil and gas, construction, and automotive industries. It is probable that investors will persist in their emphasis on completed casting goods. The MMR study states that the production of iron casting increased by 0.11% in 2023 compared to the previous year.

by Application
Automotive & transportation
Industrial
Building & construction
Others

The market is divided into submarkets based on application, including automotive and transportation, industrial, building and construction, and others. The segment for cars and transportation is anticipated to expand at a compound annual growth rate (CAGR) of 5.4% in 2023. The world’s automotive manufacturing has been gradually but steadily increasing over the past few years. As per the International Organisation of Motor Vehicle Manufacturers, there was a 2.5 percent growth in global automotive output in 2023. Automakers and market vendors will continue to place a high value on the use of aluminium in lightening vehicles.

Metal Casting Market Key Players :

North America
1. Nemak
2. Dynacast
3. Mino Industrial
4. Aisin Automotive Casting
5. Gibbs Die Casting
6. FORCEBEYOND
7. Reliance Foundry Co. Ltd

Europe
8. Rheinmetall Automotive
9. Georg Fischer Ltd
10. Marimex – M. Ivanov
11. ArcelorMittal SA,
12. Bühler AG

Asia-Pacific
13. Ryobi Limited
14. Ahresty Corporation
15. Endurance
16. Tycon Alloy Industries (HongKong)
17. TOYOTA INDUSTRIES CORPORATION
18. NINGBO INNOVAW MECHANICAL CO., LTD
19. Pyrotek

Middle East and Africa
20. Gulf Metal Foundry
21. Saanvi Founders
22. National Metal Manufacturing and Casting Company
23. Arabian FORASOL Foundation LLC

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Key questions answered in the Metal Casting Market are:

What is Metal Casting ?
What was the Metal Casting market size in ?
What is the growth rate of the Metal Casting Market?
Which are the factors expected to drive the Metal Casting market growth?
What are the different segments of the Metal Casting Market?
What growth strategies are the players considering to increase their presence in Metal Casting ?
What are the upcoming industry applications and trends for the Metal Casting Market?
What segments are covered in the Metal Casting Market?
Who are the leading companies and what are their portfolios in Metal Casting Market?
What segments are covered in the Metal Casting Market?
Who are the key players in the Metal Casting market?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by Different Segment |
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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.

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