According to the latest report by IMARC Group, titled “Metal Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on the global metal casting market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global metal casting market reached a value of US$ 131 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.6% during 2021-2026. Metal casting is the process of forming metals parts of desired shapes by pouring high-temperature molten metal into sand, metal, and ceramic mold. Various materials, such as zinc, iron, steel, magnesium, copper, and aluminum, are commonly used in the metal casting process. Metal casting produces objects with complex shapes and sizes at a relatively lower price. The liquid metal solidifies in the mold, which is then removed to obtain the desired structure in large quantities. Consequently, metal casting finds application across a wide range of industries, including mining, aerospace, construction, defense, and automotive.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
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Global Metal Casting Market Trends:
The global metal casting market is primarily driven by its increasing employment in the construction industry as it is highly durable, flexible and recyclable in nature. Besides this, key players are introducing lost foam casting and computer-based visualization tools, which are more efficient than traditional molding. Moreover, with the degrading environmental conditions, manufacturers are formulating simulation-based castings to reduce wastage and operational costs. Metal casting foundries are also recycling their scrap metal to save the cost of sourcing raw materials. Furthermore, various research and development (R&D) activities undertaken by key players along with technological advancements in the production processes are creating a positive outlook for the market.
Key Market Segmentation:
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 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
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 (2015-2020)
- Market Outlook (2021-2026)
- 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
TOC for the Metal Casting Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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