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United States Metal Casting Market Report by Process (Sand Casting, Gravity Casting, High-Pressure Die Casting (HPDC), Low-Pressure Die Casting (LPDC), and Others), Material Type (Cast Iron, Aluminum, Steel, Zinc, Magnesium, and Others), End Use (Automotive and Transportation, Equipment and Machine, Building and Construction, Aerospace and Military, and Others), Component (Alloy Wheels, Clutch Casing, Cylinder Head, Cross Car Beam, Crank Case, Battery Housing, and Others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Electric and Hybrid Type (Hybrid Electric Vehicles (HEV), Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicles (PHEV)), Application (Body Assemblies, Engine Parts, Transmission Parts, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A2614
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Market Overview:
The United States metal casting market size reached US$ 29.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 54.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
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2023
|
|
Forecast Years
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2024-2032
|
|
Historical Years
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2018-2023
|
| Market Size in 2023 | US$ 29.5 Billion |
| Market Forecast in 2032 | US$ 54.8 Billion |
| Market Growth Rate (2024-2032) | 6.9% |
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.
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 at the country and regional level from 2024-2032. Our report has categorized the market based on process, material type, end use, component, vehicle type, electric & hybrid type, and application.
Breakup by Process:
- Sand Casting
- Gravity Casting
- High-Pressure Die Casting (HPDC)
- Low-Pressure Die Casting (LPDC)
- Others
Breakup by Material Type:
- Cast Iron
- Aluminum
- Steel
- Zinc
- Magnesium
- Others
Breakup by End Use:
- Automotive and Transportation
- Equipment and Machine
- Building and Construction
- Aerospace and Military
- Others
Automotive and Transportation Market: Breakup by Component:
- Alloy Wheels
- Clutch Casing
- Cylinder Head
- Cross Car Beam
- Crank Case
- Battery Housing
- Others
Automotive and Transportation Market: Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Automotive and Transportation Market: Breakup by Electric and Hybrid Type:
- Hybrid Electric Vehicles (HEV)
- Battery Electric Vehicles (BEV)
- Plug-In Hybrid Electric Vehicles (PHEV)
Automotive and Transportation Market: 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Process, Material Type, End Use, Component, Vehicle Type, Electric and Hybrid Type, Application, Region |
| Region Covered | Northeast, Midwest, South, West |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| 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) |
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 end use?
- What is the breakup of the market based on the component?
- 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?
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