Metal Casting Market: Global Industry Analysis and Forecast (2021-2027)

Metal Casting Market size was valued at US$ 25.09 Bn. in 2020 and the total revenue is expected to grow at 18.9 % through 2021 to 2027, Metal Casting Market is reaching nearly US$ 84.29 Bn. by 2027.

Metal Casting Market Overview

Metal casting is a method of forming solidified parts by pouring molten metal into a hollow container with a predetermined geometrical shape. Metal casting materials such as grey iron, ductile iron, aluminium, steel, copper, and zinc are all trustworthy and effective. For medium to large quantities of castings, metal casting can manufacture products with complex geometries and is less expensive than other production techniques. Cast metal items are present in 90% of manufactured goods and equipment, ranging from home appliances and medical equipment to key components for aircraft and automobiles, making them an essential aspect of human life and economy. Metal Casting Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Metal Casting Market dynamics:

Metal casting is a process of pouring molten metal into a hollow container with a specific geometric shape to make a molded part. Gray cast iron, ductile iron, aluminium, steel, copper, and zinc are all reliable and useful metal casting materials. Metal casting can produce products with complex geometries and is cheaper than other production techniques for medium to large numbers of castings. From household appliances and medical equipment to key components of airplanes and automobiles, 90% of manufactured products and equipment use cast metal products, making them an indispensable part of human survival and economy. Cast iron is a metal alloy made up of silicon, carbon, manganese, sulphur, and phosphorus that has a wide range of applications. Cast iron market growth is fuelled by rising demand for pans, pots, cutlery, engines, pipelines, and automobiles. Because of its applications in housing, engine blocks, cylinder heads, and enclosures, demand for grey iron metal is expected to grow over time. Its qualities, including as stiffness, thermal conductivity, and wear resistance, make it suitable for such uses. Metal Casting Market 1 The demand for aluminium casting in the building market is being driven by an increase in the use of casting due to its lightweight qualities and aesthetic appeal. Construction equipment and machinery, heavy trucks, curtain walling, door knobs, windows, and roofs can all benefit from finished items. As building owners increasingly choose for deconstruction rather than demolition of old or out-of-use structures, the capacity to recycle aluminium products is becoming increasingly important. The environmental impact of construction activities is also reduced by removing recyclable materials from structures. Cast iron is a metal alloy made up of silicon, carbon, manganese, sulphur, and phosphorus that has a wide range of applications. Cast iron market growth is fuelled by rising demand for pans, pots, cutlery, engines, pipelines, and automobiles. The usage of grey iron metal in housing, engine blocks, cylinder heads, and enclosures is likely to increase demand in the coming years. Its qualities, including as stiffness, thermal conductivity, and wear resistance, make it suitable for such uses.

Global Metal Casting Market Segmentation:

The Metal Casting Market is sub-segmented into Process, Material type, Vehicle type and Application. Based on Material Type, the market is sub-segmented into Aluminium, Cast iron, Magnesium, Zinc and Others. In terms of volume, the iron casting segment had the biggest market share in 2020, with 70.2 %. Emerging markets are expected to account for the majority of demand in this area, particularly in the automotive, construction, and oil and gas sectors. Investors are likely to continue to focus on finished casting products. According to the MMR report, iron casting production climbed by 0.11 % in 2020 over the previous year. The need for lightweight metals like magnesium and aluminium is expected to open up a lot of doors for market suppliers. Over the forecast period, stricter emission laws and rising energy efficiency standards are expected to enhance the production of lightweight materials in the market. Due to the small weight of auto components, these materials help to reduce fuel consumption. In terms of revenue, the aluminium casting segment is expected to rise at a CAGR of 9.3% over the forecast period. Metal Casting Market 2 Based on Application, the market is sub-segmented into Automotive & transportation, Industrial, building and Construction and Others. In 2020, the automotive & transportation, segment is expected to grow at a CAGR of 5.4 % from forecast period. Since the last few years, global car manufacturing has been on a sluggish but steady upward trend. Global automotive output increased by 2.5 % in 2020, according to the International Organization of Motor Vehicle Manufacturers. The usage of aluminium for weight reduction will continue to be a significant element for automakers and market vendors. In terms of quantity, industrial categories will account for 28.4% of the market in 2020. The iron and steel industry products include metal valves and gaskets, decanter centrifuges, jet pipes, flanges, radiation protection pipes, coal jet pipes, jet pipes, drums, collectors, elbows and elbows. The emergence of manufacturing industries in China and other emerging countries is likely to stimulate the growth of industrial division of labor.

Global Metal Casting Market Regional Analysis:

With a volume share of 65.2 % in 2020, Asia Pacific was the dominant regional metal casting market. China was a big producer and consumer in the region in the same year. China's total production output in 2020 was 49,400 kilotons. India had a production volume of 12,055.1 kilotons in the same year. End-use industries such as construction and automotive are boosting product demand in these countries due to rising population and income levels. From 2020 to 2027, the European metal casting market is expected to grow at a moderate rate, with a CAGR of 4.9 % in terms of revenue. The region's main driver is the need for completed goods in Germany and France. Around 4,500 metal casting companies may be found in Europe, with 70% of them being small operations with fewer than 50 people. Metal Casting Market 3 The objective of the report is to present a comprehensive analysis of the global Metal Casting Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Metal Casting Market dynamics, structure by analyzing the market segments and project the global Metal Casting Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Metal Casting Market make the report investor’s guide.

Global Metal Casting Market Scope: Inquire before buying

Global Metal Casting Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 25.09 Bn.
Forecast Period 2021 to 2027 CAGR: 18.9 % Market Size in 2027: US $ 84.29 Bn.
Segments Covered: by Process • Gravity Casting • High-Pressure Die Casting (HPDC) • Low-Pressure Die Casting (LPDC) • Sand Casting
by Material Type • Aluminium • Cast iron • Magnesium • Zinc • Others
by Vehicle Type • BEV • HEV • PHEV
by Application • Automotive & transportation • Industrial • Building & construction • Others

Global Metal Casting Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Metal Casting Market Key Players

• Nemak • Ryobi Limited • GF Automotive • Rheinmetall Automotive • Ahresty Corporation • Dynacast • Endurance • Mino Industrial • Aisin Automotive Casting • Gibbs Die Casting • Georg Fischer Ltd • Precision Castparts Corp • Alcast Technologies • FORCEBEYOND • Reliance Foundry Co. Ltd

Frequently Asked Questions:

1) What was the market size of Global Metal Casting Market in 2020? Ans - Global Global Metal Casting Market was worth US$ 25.09Bn. 2020. 2) What is the market segment of the Metal Casting Market? Ans -The market segments are based on Material type, Process, Vehicle type and Application. 3) What is the forecast period considered for Global Metal Casting Market? Ans -The forecast period for Global Metal Casting Market is 2021 to 2027. 4) What is the market size of Global Metal Casting Market in 2027? Ans – Global Metal Casting Market is estimated as worth US$ 84.29 Bn. 5) Which region is dominated in Global Metal Casting Market? Ans -In 2020, Asia pacific region dominated the Global Metal Casting Market.
1. Global Metal Casting Market : Research Methodology 2. Global Metal Casting Market : Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Metal Casting Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Metal Casting Market : Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-17.6 Impact 4. Global Metal Casting Market Segmentation 4.1. Global Metal Casting Market ,by Process (2020-2027) • Gravity Casting • High-Pressure Die Casting (HPDC) • Low-Pressure Die Casting (LPDC) • Sand Casting 4.2. Global Metal Casting Market ,Material Type (2020-2027) • Aluminum • Cast iron • Magnesium • Zinc • Others 4.3. Global Metal Casting Market ,Vehicle type (2020-2027) • BEV • HEV • PHEV 4.4. Global Metal Casting Market ,Application (2020-2027) • Automotive & transportation • Industrial • Building & construction • Others 5. North America Metal Casting Market (2020-2027) 5.1. North America Metal Casting Market ,by Process (2020-2027) • Gravity Casting • High-Pressure Die Casting (HPDC) • Low-Pressure Die Casting (LPDC) • Sand Casting 5.2. North America Metal Casting Market , Material Type (2020-2027) • Aluminum • Cast iron • Magnesium • Zinc • Others 5.3. North America Metal Casting Market ,Vehicle type (2020-2027) • BEV • HEV • PHEV 5.4. North America Metal Casting Market ,Application (2020-2027) • Automotive & transportation • Industrial • Building & construction • Others 5.5. North America Metal Casting Market , by Country (2020-2027) • US • Canada • Mexico 6. European Metal Casting Market (2020-2027) 6.1. European Metal Casting Market ,by Process (2020-2027) 6.2. European Metal Casting Market , Material Type (2020-2027) 6.3. European Metal Casting Market ,Vehicle type (2020-2027) 6.4. European Metal Casting Market ,Application (2020-2027) 6.5. European Metal Casting Market , by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Metal Casting Market (2020-2027) 7.1. Asia Pacific Metal Casting Market ,by Process (2020-2027) 7.2. Asia Pacific Metal Casting Market , Material Type (2020-2027) 7.3. Asia Pacific Metal Casting Market ,Vehicle type (2020-2027) 7.4. Asia Pacific Metal Casting Market ,Application (2020-2027) 7.5. Asia Pacific Metal Casting Market , by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Metal Casting Market (2020-2027) 8.1. Middle East and Africa Metal Casting Market ,by Process (2020-2027) 8.2. Middle East and Africa Metal Casting Market , Material Type (2020-2027) 8.3. Middle East and Africa Metal Casting Market ,Vehicle type (2020-2027) 8.4. Middle East and Africa Metal Casting Market ,Application (2020-2027) 8.5. Middle East and Africa Metal Casting Market , by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Metal Casting Market (2020-2027) 9.1. Latin America Metal Casting Market ,by Process (2020-2027) 9.2. Latin America Metal Casting Market , Material Type (2020-2027) 9.3. Latin America Metal Casting Market ,Vehicle type (2020-2027) 9.4. Latin America Metal Casting Market ,Application (2020-2027) 9.5. Latin America Metal Casting Market , by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Nemak 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Ryobi Limited 10.3. GF Automotive 10.4. Rheinmetall Automotive 10.5. Ahresty Corporation 10.6. Dynacast 10.7. Endurance 10.8. Mino Industrial 10.9. Aisin Automotive Casting 10.10. Gibbs Die Casting 10.11. Georg Fischer Ltd 10.12. Precision Castparts Corp 10.13. Alcast Technologies 10.14. FORCEBEYOND 10.15. Reliance Foundry Co. Ltd

About This Report

Report ID 1613
Category Automotive and Transportation
Published Date oct 2019
Updated Date Nov 2021
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