Metal Casting Market 2022-27: Growth, Size, Demand Report

The latest report by IMARC Group, titled “Metal Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global metal casting market reached a value of US$ 139 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 221.3 Billion by 2027, exhibiting a CAGR of 7.8% during 2022-2027.

Metal casting represents the manufacturing process in which molten metal is poured into a hollow container of the desired geometrical shape to form a solidified structure. Metal Casting aids in producing complex and large-size parts for several industrial applications at a relatively affordable price point. Some reliable and effective metal casting materials include aluminum, steel, copper, gray iron, ductile iron, zinc, etc. In addition to this, metal casting offers various benefits, such as reducing production costs, enhancing environmental quality, improving energy efficiency, creating innovative new cast products, etc. Consequently, it finds wide-ranging applications across numerous industries, including aerospace, construction, transportation, etc.

Request Free Sample Report: https://www.imarcgroup.com/metal-casting-market/requestsample

Global Metal Casting Market Trends:

The inflating need for lightweight automotive materials is primarily driving the metal casting market. Additionally, the growing product utilization as a cost-efficient source of raw materials in mining and oilfield machinery, pipes and fittings, internal combustion (IC) engines, valves, railroads, farm equipment, etc., is further stimulating the market growth. Apart from this, the implementation of stringent regulations by government bodies across countries that mandate the adoption of energy-efficient materials in the automotive industry is also augmenting the global market.

Moreover, the increasing investments in R&D activities to develop computer-based visualization and lost foam casting tools to create alternative means for molding are acting as significant growth-inducing factors. Besides this, the introduction of simulation-based product variants by leading manufacturers to minimize operational costs and wastage is anticipated to fuel the metal casting market over the forecasted period.

Get in Touch with our Expert Team for Inquire or further information: https://www.imarcgroup.com/request?type=report&id=1491&flag=F

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players 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

Key Market Segmentation Breakup by:

Process:

  • Gravity Casting
  • High-Pressure Die Casting (HPDC)
  • Low-Pressure Die Casting (LPDC)
  • Sand Casting

Material Type:

  • Aluminum
  • Cast Iron
  • Magnesium
  • Zinc
  • Others

Components:

  • Alloy Wheel
  • Battery Housing
  • Clutch Casing
  • Cross Car Beam
  • Crank Case
  • Cylinder Head
  • Others

Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Electric and Hybrid Type:

  • Hybrid Electric Vehicles (HEV)
  • Plug-In Hybrid Electric Vehicles (PHEV)
  • Battery Electric Vehicles (BEV)

Application:

  • Body Assemblies
  • Engine Parts
  • Transmission Parts
  • Others

Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Electric Vehicles Market Research Report 2022: https://astrotonight.com/electric-vehicles-market-2022-27-trends-analysis-report/

About AlexHales

Check Also

Salon Business

How to Improve Your Salon Business and Retain More Clients?

Are you struggling to keep your salon business afloat? Are you constantly losing clients to …

Leave a Reply

Your email address will not be published. Required fields are marked *