Metal Casting Market Growth Pioneering Precision and Performance

Posted 2024-10-25 06:09:08

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.

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Metal Casting Market Scope and Methodology:

The research provides a thorough understanding of the Metal Casting industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Metal Casting market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Metal Casting market and its segments. The examination of the Metal Casting industry reveals current patterns impacting growth and prospects.

Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Metal Casting industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.

Metal Casting Market Regional Insights

The Metal Casting market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.

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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 sub-segmented into Automotive & transportation, Industrial, building and Construction and Others. In 2023, the automotive & transportation, segment is expected to grow at a CAGR of 5.4 % from forecast period. Since the last few years, global car manufacturing has been on a sluggish but steady upward trend. Global automotive output increased by 2.5 % in 2023, according to the International Organization of Motor Vehicle Manufacturers. The usage of aluminium for weight reduction will continue to be a significant element for automakers and market vendors.

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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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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

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 is the fastest-growing region in 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 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 different segments of the Metal Casting Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Metal Casting Market?
What segments are covered in the Metal Casting Market?
Who are the key players in the Metal Casting market?
Who are the leading companies and what are their portfolios in Metal Casting Market?

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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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