Metal Casting Market 2023-2028: Size, Share, Trends, Key Players and Forecast Report

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 is the process of creating a metal object by pouring molten metal into a mold, which is a hollow container of desired geometrical shape. It is considered one of the most widely used manufacturing processes utilized to create a variety of objects, including engine blocks, hand tools, sculptures, and jewelry. The process of metal casting begins with the design of a mold, which is typically manufactured of refractory material, such as sand or clay, that is shaped to the desired object. Once the mold is created, it is filled with molten metal, which is usually heated to a high temperature and then poured into the mold that is further cools and solidifies into the desired shape. With the escalating demand for complex shapes, the demand for metal casting is increasing across the globe. 

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Global Metal Casting Market Trends:

The escalating demand for metal casting from the industrial sector majorly drives the global market. This can be supported by the rising process utilization across the automotive, aerospace, construction, and medical industries. Additionally, the widespread process deployment for creating construction equipment, curtain walling, windows, and heavy vehicles, is impacting the market favorably. Along with this, the adoption of metal casting in mining and oilfield machinery, railroads, pipes and fittings, farm equipment, and internal combustion engines to create uniform products is also significantly supporting the market. Since the metal casting process provides improved energy efficiency, environmental quality, and reduced production costs, this is propelling the demand globally. Moreover, the developments in lost foam casting and computer-based visualization tools using the metal casting method are creating a positive market outlook.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

NEMAK SAB de CVGF Casting Solutions AGDynacast Ltd.Ryobi LimitedRheinmetall Automotive AGEndurance Technologies LimitedAhresty CorporationGibbs (Koch Enterprises Inc.)Aisin Automotive Casting, LLCMINO Industry USA, Inc.Thyssenkrupp AGToshiba Machine Co., Ltd

Key Market Segmentation:

Breakup by Process:

Gravity CastingHigh-Pressure Die Casting (HPDC)Low-Pressure Die Casting (LPDC)Sand Casting

Breakup by Material Type:

AluminumCast IronMagnesiumZincOthers

Breakup by Components:

Alloy WheelBattery HousingClutch CasingCross Car BeamCrank CaseCylinder HeadOthers

Breakup by Vehicle Type:

Passenger CarsLight Commercial VehiclesHeavy 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 AssembliesEngine PartsTransmission PartsOthers

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 MarketPorter’s Five Forces AnalysisHistorical, Current and Future Market TrendsMarket Drivers and Success FactorsSWOT AnalysisStructure of the MarketValue Chain AnalysisComprehensive Mapping of the Competitive Landscape

TOC for the Metal Casting Market Research Report:

PrefaceScope and MethodologyExecutive SummaryIntroductionGlobal MarketSWOT AnalysisValue Chain AnalysisPrice AnalysisCompetitive 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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