Metal Casting Market Outlook, Growth Drivers, Share & Size, Industry Trends, Report 2023-2028

According to the latest report by IMARC Group, titled “Metal Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global metal casting industry. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global metal casting market size reached US$ 151.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 236.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.

Metal casting represents the process of pouring hot liquid metal into a mold having a hollow cutout, which then solidifies into the preferred finished shape. The procedure is used for the mass production of components that utilize permanent metal mold to manufacture large and complex parts with low wall thickness. Metal casting is mainly made of non-ferrous materials, such as copper, aluminum, magnesium, zinc, lead, pewter, and tin-based alloys. It aids in improving energy efficiency and lowering the environmental impact. As a result, metal casting finds widespread applications across various sectors, including automotive, transportation, equipment, machine, building and construction, military, aerospace, etc. 

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Global Metal Casting Market Trends:

The expanding automotive industry, especially in countries, such as India, China, and Japan, and the escalating demand for lightweight and electric vehicles, owing to the inflating per capita incomes and the rising environmental awareness in individuals, are among the primary factors driving the metal casting market. Besides this, the leading manufacturers have embraced simulation-based castings to create perfect defect-free products that aid in decreasing wastage and reducing the costs of operations, which is further augmenting the market growth.

Moreover, the elevating requirement for metal casting technology in pipes and fittings, mining and oilfield machinery, internal combustion engines, railroads, valves, and farm equipment, as it improves energy efficiency, lowers production costs, enhances environmental quality, and creates innovative new cast products, is also catalyzing the global market. Apart from this, the development of lost foam casting and computer-based visualization tools for die casters to create alternative means for molding is anticipated to propel the metal casting market over the forecasted period.

Some of the Top Metal Casting Key Players Operating in the Market are Given Below:

• NEMAK SAB de CV
• GF Casting Solutions AG
• Dynacast Ltd.
• Ryobi Limited
• Rheinmetall Automotive AG
• Endurance Technologies Limited
• Ahresty Corporation
• Gibbs (Koch Enterprises Inc.)
• Aisin Automotive Casting, LLC
• MINO Industry USA, Inc.
• Thyssenkrupp AG
• Toshiba Machine Co., Ltd

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/metal-casting-market

Key Market Segmentation:

Breakup by Process:

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

Breakup by Material Type:

• Aluminum
• Cast Iron
• Magnesium
• Zinc
• Others

Breakup by Components:

• Alloy Wheel
• Battery Housing
• Clutch Casing
• Cross Car Beam
• Crank Case
• Cylinder Head
• Others

Breakup by Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Breakup by Electric and Hybrid Type:

• Hybrid Electric Vehicles (HEV)
• Plug-In Hybrid Electric Vehicles (PHEV)
• Battery Electric Vehicles (BEV)

Breakup by Application:

• Body Assemblies
• Engine Parts
• Transmission Parts
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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