The size of the metal casting market was estimated at US$42.16 billion in 2023, and it is projected to increase at a rate of 18.9% from 2024 to 2030, when it will reach over US$141.64 billion.
Metal Casting Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Metal Casting Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Metal Casting market, with forecasts outspreading to the year 2030.
Metal Casting Market Scope and Methodology:
The market research report Metal Casting provides comprehensive details on important factors, including those anticipated to drive the industry's growth and impending obstacles. Stakeholders will have a solid understanding of the investment potential in the Metal Casting market, the industry's competitive environment, and the products pushed by well-known brands. The research examines the sector's qualitative and quantitative aspects. Part of what the MMR probe looks into is a thorough analysis of the competition for the Metal Casting Market.
A lengthy list of needs is included in the study, along with a detailed explanation for each. When creating the Metal Casting Market, a wide range of primary and secondary information sources were taken into account, including official government documents, websites, annual reports, and expert and professional comments.
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Metal Casting Market Regional Insights
In this report, the market size, growth rate, import and export by region, and other pertinent facts are all carefully examined. It is simple to comprehend the Metal Casting market conditions in various nations thanks to the research's regional analysis. The Metal Casting market is composed of markets in North America, Europe, South America, Asia Pacific, and the Middle East.
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 several sub-sectors, including those for aluminum, cast iron, magnesium, zinc, and others. With 70.2% of the total volume, the iron casting category held the largest market share in 2023. The bulk of demand in this sector is anticipated to come from emerging markets, especially in the oil & gas, construction, and automotive industries. It is probable that investors will continue to prioritize completed casting items. The MMR study states that the production of iron casting increased by 0.11 percent in 2023 compared to 2021.
by Vehicle Type
BEV
HEV
PHEV
by Application
Automotive & transportation
Industrial
Building & construction
Others
The market is further divided into building and construction, industrial, automotive and transportation, and others. The automotive and transportation category is anticipated to expand at a compound annual growth rate (CAGR) of 5.4% in 2023. Global auto manufacturing has been steadily increasing, if slowly, during the past few years. 2023 saw a 2.5% growth in global automotive production, according to the International Organization of Motor Vehicle Manufacturers. For automakers and market suppliers, using aluminum to reduce weight will remain a crucial component.
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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
South America
24. Fundição Regali Brasil
25. Industrias Ascheri & Cia.
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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 2023?
- What is the growth rate of the Metal Casting Market?
- Which are the factors expected to drive the Metal Casting market growth?
- What is the CAGR at which the Metal Casting market will grow during the forecast period?
- What are the different segments of the Metal Casting Market?
- Which is the fastest growing region in the Metal Castingmarket?
- What growth strategies are the players considering to increase their presence in Metal Casting?
- What are the upcoming opportunities and trends for the Metal Casting Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for 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?
Get to know about details summary of the report: https://www.maximizemarketresearch.com/market-report/metal-casting-market/1613/
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- 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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