The global metal casting market was worth US$ 22.1 Billion in 2018. 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, IMARC Group expects the market to reach a value of US$ 35.4 Billion by 2024, registering a CAGR of around 8% during 2019-2024.
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 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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Metal Casting Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Process
5.4 Market Breakup by Material Type
5.5 Market Breakup by Components
5.6 Market Breakup by Vehicle Type
5.7 Market Breakup by Electric and Hybrid Type
5.8 Market Breakup by Application
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Process
6.1 Gravity Casting
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 High-Pressure Die Casting
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Low-Pressure Die Casting
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Sand Casting
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Material Type
7.1 Aluminum
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cast Iron
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Magnesium
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Zinc
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Components
8.1 Alloy Wheels
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Battery Housing
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Clutch Casing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Cross Car Beam
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Crank Case
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Cylinder Head
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Vehicle Type
9.1 Passenger Cars
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Light Commercial Vehicles
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Heavy Commercial Vehicles
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Electric and Hybrid Type
10.1 Hybrid Electric Vehicles
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Plug-In Hybrid Electric Vehicles
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Battery Electric Vehicles
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Application
11.1 Body Assemblies
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Engine Parts
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Transmission Parts
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Others
11.4.1 Market Trends
11.4.2 Market Forecast
12 Market Breakup by Region
12.1 Asia Pacific
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 North America
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Europe
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Middle East and Africa
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Latin America
12.5.1 Market Trends
12.5.2 Market Forecast
13 SWOT Analysis
13.1 Overview
13.2 Strengths
13.3 Weaknesses
13.4 Opportunities
13.5 Threats
14 Value Chain Analysis
15 Porter’s Five Forces Analysis
15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 NEMAK SAB de CV
17.3.2 GF Casting Solutions AG
17.3.3 Dynacast Ltd
17.3.4 Ryobi Limited
17.3.5 Rheinmetall Automotive AG
17.3.6 Endurance Technologies Limited
17.3.7 Ahresty Corporation
17.3.8 Gibbs (Koch Enterprises Inc.)
17.3.9 Aisin Automotive Casting, LLC
17.3.10 MINO Industry USA, Inc.
17.3.11 Thyssenkrupp AG
17.3.12 Toshiba Machine Co., Ltd
List of Figures
Figure 1: Global: Metal Casting Market: Major Drivers and Challenges
Figure 2: Global: Metal Casting Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Metal Casting Market: Breakup by Process (in %), 2018
Figure 4: Global: Metal Casting Market: Breakup by Material Type (in %), 2018
Figure 5: Global: Metal Casting Market: Breakup by Components (in %), 2018
Figure 6: Global: Metal Casting Market: Breakup by Vehicle Type (in %), 2018
Figure 7: Global: Metal Casting Market: Breakup by Electric and Hybrid Type (in %), 2018
Figure 8: Global: Metal Casting Market: Breakup by Application (in %), 2018
Figure 9: Global: Metal Casting Market: Breakup by Region (in %), 2018
Figure 10: Global: Metal Casting Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 11: Global: Metal Casting Industry: SWOT Analysis
Figure 12: Global: Metal Casting Industry: Value Chain Analysis
Figure 13: Global: Metal Casting Industry: Porter’s Five Forces Analysis
Figure 14: Global: Metal Casting (Gravity Casting) Market: Sales Value (in Million US$), 2013 & 2018
Figure 15: Global: Metal Casting (Gravity Casting) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Metal Casting (High-Pressure Die Casting) Market: Sales Value (in Million US$), 2013 & 2018
Figure 17: Global: Metal Casting (High-Pressure Die Casting) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Metal Casting (Low-Pressure Die Casting) Market: Sales Value (in Million US$), 2013 & 2018
Figure 19: Global: Metal Casting (Low-Pressure Die Casting) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Metal Casting (Sand Casting) Market: Sales Value (in Million US$), 2013 & 2018
Figure 21: Global: Metal Casting (Sand Casting) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Metal Casting (Aluminum) Market: Sales Value (in Million US$), 2013 & 2018
Figure 23: Global: Metal Casting (Aluminum) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Metal Casting (Cast Iron) Market: Sales Value (in Million US$), 2013 & 2018
Figure 25: Global: Metal Casting (Cast Iron) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Metal Casting (Magnesium) Market: Sales Value (in Million US$), 2013 & 2018
Figure 27: Global: Metal Casting (Magnesium) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: Metal Casting (Zinc) Market: Sales Value (in Million US$), 2013 & 2018
Figure 29: Global: Metal Casting (Zinc) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: Metal Casting (Other Material Types) Market: Sales Value (in Million US$), 2013 & 2018
Figure 31: Global: Metal Casting (Other Material Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Metal Casting (Alloy Wheels) Market: Sales Value (in Million US$), 2013 & 2018
Figure 33: Global: Metal Casting (Alloy Wheels) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Global: Metal Casting (Battery Housing) Market: Sales Value (in Million US$), 2013 & 2018
Figure 35: Global: Metal Casting (Battery Housing) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Global: Metal Casting (Clutch Casing) Market: Sales Value (in Million US$), 2013 & 2018
Figure 37: Global: Metal Casting (Clutch Casing) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Global: Metal Casting (Cross Car Beam) Market: Sales Value (in Million US$), 2013 & 2018
Figure 39: Global: Metal Casting (Cross Car Beam) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Global: Metal Casting (Crank Case) Market: Sales Value (in Million US$), 2013 & 2018
Figure 41: Global: Metal Casting (Crank Case) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Global: Metal Casting (Cylinder Head) Market: Sales Value (in Million US$), 2013 & 2018
Figure 43: Global: Metal Casting (Cylinder Head) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Global: Metal Casting (Other Components) Market: Sales Value (in Million US$), 2013 & 2018
Figure 45: Global: Metal Casting (Other Components) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 46: Global: Metal Casting (Passenger Cars) Market: Sales Value (in Million US$), 2013 & 2018
Figure 47: Global: Metal Casting (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 48: Global: Metal Casting (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 49: Global: Metal Casting (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 50: Global: Metal Casting (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 51: Global: Metal Casting (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 52: Global: Metal Casting (Hybrid Electric Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 53: Global: Metal Casting (Hybrid Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 54: Global: Metal Casting (Plug-In Hybrid Electric Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 55: Global: Metal Casting (Plug-In Hybrid Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 56: Global: Metal Casting (Battery Electric Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 57: Global: Metal Casting (Battery Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 58: Global: Metal Casting (Body Assemblies) Market: Sales Value (in Million US$), 2013 & 2018
Figure 59: Global: Metal Casting (Body Assemblies) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 60: Global: Metal Casting (Engine Parts) Market: Sales Value (in Million US$), 2013 & 2018
Figure 61: Global: Metal Casting (Engine Parts) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 62: Global: Metal Casting (Transmission Parts) Market: Sales Value (in Million US$), 2013 & 2018
Figure 63: Global: Metal Casting (Transmission Parts) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 64: Global: Metal Casting (Other Applications) Market: Sales Value (in Million US$), 2013 & 2018
Figure 65: Global: Metal Casting (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 66: Asia Pacific: Metal Casting Market: Sales Value (in Million US$), 2013 & 2018
Figure 67: Asia Pacific: Metal Casting Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 68: North America: Metal Casting Market: Sales Value (in Million US$), 2013 & 2018
Figure 69: North America: Metal Casting Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 70: Europe: Metal Casting Market: Sales Value (in Million US$), 2013 & 2018
Figure 71: Europe: Metal Casting Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 72: Middle East and Africa: Metal Casting Market: Sales Value (in Million US$), 2013 & 2018
Figure 73: Middle East and Africa: Metal Casting Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 74: Latin America: Metal Casting Market: Sales Value (in Million US$), 2013 & 2018
Figure 75: Latin America: Metal Casting Market Forecast: Sales Value (in Million US$), 2019-2024
List of Tables
Table 1: Global: Metal Casting Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Metal Casting Market Forecast: Breakup by Process (in Million US$), 2019-2024
Table 3: Global: Metal Casting Market Forecast: Breakup by Material Type (in Million US$), 2019-2024
Table 4: Global: Metal Casting Market Forecast: Breakup by Components (in Million US$), 2019-2024
Table 5: Global: Metal Casting Market Forecast: Breakup by Vehicle Type (in Million US$), 2019-2024
Table 6: Global: Metal Casting Market Forecast: Breakup by Electric and Hybrid Type (in Million US$), 2019-2024
Table 7: Global: Metal Casting Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 8: Global: Metal Casting Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 9: Global: Metal Casting Market Structure
Table 10: Global: Metal Casting Market: Key Players