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:
Extensive Metal Casting Market analysis is carried out by attentively monitoring important product positioning and the market framework’s top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global Metal Casting market.
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Market Scope:
This research on the Metal Casting industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Metal Casting utilizing internal and external private information, as well as relevant patent and regulatory sources.
Metal Casting Market Dynamics:
A strong, lightweight, and recyclable material is Metal Casting. Additionally, it is used to make materials for food packaging as well as consumer items like CD and DVD cases. It is a low-cost, high-strength plastic that may be recycled into materials for home building, used to insulate structures, and be made into sterile disposable cutlery. The market is anticipated to grow over the course of the projected period as a result of the expanding product application scope across various end-use sectors.
The market is being driven by the expanding end markets for Metal Casting, which include the electronics and construction sectors. The expansion of the Metal Casting market is being driven by the rising usage of expanded Metal Casting in building and insulation. The Metal Casting industry will benefit from the rising construction market.
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
The market is divided into aluminum, cast iron, magnesium, zinc, and others based on the kind of material. With a 70.2% market share in terms of volume in 2022, 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 2022 compared to the previous year.
by Vehicle Type
BEV
HEV
PHEV
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 vehicle and transportation category is anticipated to expand at a compound annual growth rate (CAGR) of 5.4% in 2022. The world’s automotive manufacturing has been gradually but steadily increasing over the past few years. Global automotive output increased by 2.5 % in 2022, according to the International Organization of Motor Vehicle Manufacturers. Automakers and market sellers will continue to place a high value on the use of aluminum in lightening vehicles.
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Key Players:
A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Metal Casting business are…
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
Regional Analysis:
The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
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COVID-19 Impact Analysis on Metal Casting Market:
The spread of the COVID-19 pandemic has had a wide-ranging influence on people’s lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market’s initial and future projections.
Key Questions Answered in the Metal Casting Market Report are:
- What will be the CAGR of the Metal Casting market during the forecast period?
- Which segment emerged as the leading segment in the Metal Casting market?
- Which are the prominent players in the Metal Casting market?
- What will be the Metal Casting market size by 2027?
- Which company held the largest share in the Metal Casting market?
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