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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global metal casting market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on process, material type, components, vehicle type, electric & hybrid type, and application.
Breakup by Process:
Breakup by Material Type:
Breakup by Components:
Breakup by Vehicle Type:
Breakup by Electric and Hybrid Type:
Breakup by Application:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Process, Material Type, Components, Vehicle Type, Electric and Hybrid Type, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||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 and Toshiba Machine Co., Ltd|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
We expect the global metal casting market to exhibit a CAGR of 7.6% during 2021-2026.
Increasing deployment of metal casting in pipes and fittings, mining and oilfield machinery, internal combustion engines, railroads, valves, and farm equipment, etc., represents one of the key factors driving the global metal casting market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous end use industries for metal casting.
Based on the process, the global metal casting market has been segregated into gravity casting, high-pressure die casting (HPDC), low-pressure die casting (LPDC), and sand casting, where gravity casting currently accounts for the largest market share.
Based on the material type, the global metal casting market can be segmented into aluminum, cast iron, magnesium, zinc, and others. Among these, cast iron holds the majority of the total market share.
Based on the components, the global metal casting market has been categorized into alloy wheel, battery housing, clutch casing, cross car beam, crank case, cylinder head, and others. Currently, alloy wheel accounts for the largest market share.
Based on the vehicle type, the global metal casting market can be divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. Among these, passenger cars exhibit a clear dominance in the market.
Based on the electric and hybrid type, the global metal casting market has been bifurcated into hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and battery electric vehicles (BEV). Currently, hybrid electric vehicles hold the largest market share.
Based on the application, the global metal casting market can be segregated into body assemblies, engine parts, transmission parts, and others. Among these, body assemblies currently account for the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of major players in the global metal casting market 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, etc.
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