Metal Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Metal Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • May 2021 •
  • 107 pages •
  • Report ID: 5808177 •
  • Format: PDF
The global metal casting market exhibited strong growth during 2015-2020.

Metal casting is a process in which molten metal is poured into a hollow container of desired geometrical shape to form a solidified part. There are many reliable and effective metal casting materials such as, gray iron, ductile iron, aluminum, steel, copper and zinc. Metal casting can produce objects with complex shapes and is cheaper compared to other manufacturing processes for medium to large quantities of castings produced. Cast metal products are an integral part of the human life and economy as they are found in 90% of the manufactured goods and equipment, ranging from home appliances and surgical equipment to critical components for aircraft and automobiles.

Metal casting technology offers numerous advantages; it aids in improving energy efficiency, lowering production costs, enhancing environmental quality, and creating innovative new cast products. Due to these advantages, it is used in pipes and fittings, mining and oilfield machinery, internal combustion engines, railroads, valves and farm equipment, which depend heavily on casting to create uniform products. Further, metal casting foundries rely on metal recycling as a cost-efficient source of raw material, which significantly reduces scrap metal. Besides this, the ongoing research in the field of metal casting ensures innovations and improvements in the casting process, including the development in lost foam casting and computer-based visualization tools for die casters to create alternative means for molding. These advanced casting technologies allow foundry researchers to produce defect-free castings and help them to explore detailed phenomena associated with the new casting process parameters. Moreover, the deteriorating environmental conditions have prompted manufacturers to formulate simulation-based castings to reduce wastage and operational costs. Looking forward, the analyst expects the global metal casting market to grow at a CAGR of 7.6% during 2021-2026.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Process:
Gravity Casting
High-Pressure Die Casting (HPDC)
Low-Pressure Die Casting (LPDC)
Sand Casting

Market Breakup by Material Type:
Aluminum
Cast Iron
Magnesium
Zinc
Others

Market Breakup by Components:
Alloy Wheel
Battery Housing
Clutch Casing
Cross Car Beam
Crank Case
Cylinder Head
Others

Market Breakup by Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

Market Breakup by Electric and Hybrid Type:
Hybrid Electric Vehicles (HEV)
Plug-In Hybrid Electric Vehicles (PHEV)
Battery Electric Vehicles (BEV)

Market Breakup by Application:
Body Assemblies
Engine Parts
Transmission Parts
Others

Market Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.

Key Questions Answered in This Report:
How has the global metal casting market performed so far and how will it perform in the coming years?
What are the key regional markets in the global metal casting industry?
What has been the impact of COVID-19 on the global metal casting industry?
What is the breakup of the market based on the process?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the components?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the electric and hybrid type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global metal casting industry?
What are the key driving factors and challenges in the global metal casting industry?
What is the structure of the global metal casting industry and who are the key players?
What is the degree of competition in the global metal casting industry?