Metal Casting Market size was valued at US$ 35.46 Bn. in 2022 and the total revenue is expected to grow at 18.9 % through 2023 to 2029, Metal Casting Market is reaching nearly US$ 119.15 Bn. by 2029.
Metal Casting Market Overview
The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The Metal Casting Market overview provides thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.
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Metal Casting Market Report Scope and Research Methodology
The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Metal Casting market. A thorough report includes the drivers, restraints, opportunities, and challenges of the Metal Casting market. To understand Metal Casting market estimations and growth rates, a bottom-up approach was used in the report.
Regional analysis of the Metal Casting market was conducted at a local, regional and global level to understand the Metal Casting market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Metal Casting market such as stakeholders, investors and new entrants used to develop marketing plans and investments.
The primary and secondary data methods were used for the data collection for the Metal Casting Market. The primary approach involves surveys, questionnaires and telephonic interviews with market leaders, business owners, etc. and the secondary data collection method includes press news, annual reports and financial reports, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Metal Casting Market
Metal Casting Market Regional Insights
The Metal Casting market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Metal Casting market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions.
Metal Casting Market Dynamics:
The MMR report covers all the trends and technologies playing a major role in the growth of the Metal Casting Market over the forecast period. It highlights the drivers, restraints, and opportunities expected to mpact the market growth during 2023-2029.
Metal Casting Market Segmentation:
1. Global Metal Casting Market ,by Process (2023-2029)
• Gravity Casting
• High-Pressure Die Casting (HPDC)
• Low-Pressure Die Casting (LPDC)
• Sand Casting
2. Global Metal Casting Market ,Material Type (2023-2029)
• Aluminum
• Cast iron
• Magnesium
• Zinc
• Others
Cast iron, Magnesium, Zinc, Aluminum, and Others are the subsectors of the market. In terms of volume, the iron casting market held a 70.2% share of the market in 2023. The majority of demand in this field is anticipated to come from emerging markets, particularly in the oil and gas, construction, and automotive industries. Investors will probably keep concentrating on finished casting products. The MMR data shows that production of iron casting increased in 2023 over 2022 by 0.11%.
3. Global Metal Casting Market ,Vehicle type (2023-2029)
• BEV
• HEV
• PHEV
4. Global Metal Casting Market ,Application (2023-2029)
• Automotive & transportation
• Industrial
• Building & construction
• Others
The automotive and transportation, industrial, building and construction, and others subsectors make up the market. The automotive and transportation sector is anticipated to expand at a CAGR of 5.4% from the projection period to 2023. Global car manufacturing has been increasing slowly but steadily over the past few years. The International Organization of Motor Vehicle Manufacturers forecasts a 2.5% increase in global automotive output in 2023. For automakers and market vendors, using aluminum to reduce weight will continue to be a crucial component.
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Metal Casting Market Key Players
1. Nemak
2. Ryobi Limited
3. GF Automotive
4. Rheinmetall Automotive
5. Ahresty Corporation
6. Dynacast
7. Endurance
8. Mino Industrial
9. Aisin Automotive Casting
10. Gibbs Die Casting
11. Georg Fischer Ltd
12. Precision Castparts Corp
13. Alcast Technologies
14. FORCEBEYOND
15. Reliance Foundry Co. Ltd
Key questions answered in the Metal Casting Market are:
Which are the factors expected to drive the Metal Casting market growth?
What are the factors restraining the growth of the Metal Casting Market?
What is the demand pattern of the Metal Casting Market?
What major challenges could the Metal Casting Market face in the future?
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Key Offerings:
Table of Content: Metal Casting Market
Part 01: Executive Summary
Part 02: Scope of the Metal Casting Market Report
Part 03: Global Metal Casting Market Landscape
Part 04: Global Metal Casting Market Sizing
Part 05: Global Metal Casting Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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