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 share. 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 refers to the process in which metal parts of desired shapes are formed by pouring high-temperature molten metal into a mold made up of sand, metal or ceramic. Once the liquid metal solidifies, it is then removed from the mold to yield the cast metal product. This process is widely utilized for the production of complex shapes at a relatively affordable price point. Some of the most commonly used metal casting materials include zinc, iron, steel, magnesium, copper and aluminum. Cast metal products find various applications across numerous industry verticals, including mining, aerospace, construction, defense and automotive 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 market is primarily driven by the significant growth across the end use industries. On account of inflating disposable income levels and improving living standards, there has been an increasing demand for vehicles across the globe, especially in developing economies. Since steel cast is extremely durable and flexible while offering improved weldability at high temperatures, the increasing adoption rates of lightweight automotive materials has bolstered the demand for steel casting. Moreover, metal casting is widely utilized by the construction industry on account of its recyclability. Rapid urbanization and population growth, along with the expansion of residential, commercial and industrial sectors, have provided a boost to construction activities on the global level. Furthermore, technological advancements in the production process, along with extensive research and development (R&D) activities undertaken by several market players are also contributing to the market growth. For instance, the helium-assisted sand casting of aluminum alloys is gaining widespread preference as the process produces castings that have relatively improved tensile as well as yield strength with no significant increase in the overall cost. Stringent regulations mandating the use of energy-efficient materials in the automotive industry and the advent of simulation-based castings are some of the other factors providing a thrust to the market. 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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