United States Metal Casting Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Metal Casting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The United States metal casting market is currently witnessing strong growth. Metal casting refers to the process of pouring hot liquid metal into a mold containing a hollow cutout or cavity of the desired shape. It is usually made from non-ferrous metals, like zinc, copper, aluminum, magnesium, lead, pewter, and ten-based alloys. Metal casting is utilized in pipes and oil fittings, mining and oilfield machinery, internal combustion engines, and railroads. In the United States, metal castings have gained traction as they can produce complex-shaped objects at a relatively lower price as compared to other manufacturing processes.

The United States is a dominant market in the North American region for metal casting. The resurgence of manufacturing activities and the continuous demand from the construction sector are propelling the growth of the market. Apart from this, metal casting is extensively used in manufacturing aircraft, home appliances and surgical equipment as it aids in improving energy efficiency, lowering the cost of production and enhancing the quality. Moreover, with the rising environmental concerns, various countries have adopted stringent legislations to regulate the emissions from the manufacturing sector. For instance, the United States Environmental Protection Agency (US EPA) has imposed several restrictions to reduce emission levels in power plants. As a result, automotive equipment manufacturers are increasingly investing in research and development (R&D) activities to introduce new products and adopt simulation-based advanced casting technologies to create perfect defect-free castings. On account of these factors, the market is expected to exhibit steady growth during the forecast period (2020-2025).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States metal casting market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, process, material type, components, vehicle type, electric and hybrid type and application.

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:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the United States metal casting market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States metal casting market?
What are the key regional markets?
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 industry?
What are the key driving factors and challenges in the industry?
What is the structure of the United States metal casting market and who are the key players?
What is the degree of competition in the industry?