Metal Casting Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028
Report Description
The global Metal Casting market size is estimated at USD 21,008.3 million in 2021, expanding at a CAGR of 8.1% from 2022 to 2028 to reach 25,000.8 Million USD in 2028.
Market Dynamics
Metal casting is a common industrial method that requires pouring molten metallic through a die or sandy mold to form it. It aids in the production of complicated and large-scale parts for a variety of commercial purposes. Stringent environmental and fuel efficiency standards in cars are driving the expansion of the iron casting sector. Restrictions have compelled manufacturers to switch to lighter vehicles in order to enhance fuel economy.
The increased usage of casting due to its lightweight qualities and aesthetic appeal is boosting the need for metal casting in the building sector. Construction machinery and equipment, heavy trucks, curtains drywall, doorknobs, windows, and roofs may all benefit from finished items. The capacity to reuse aluminum goods is getting progressively important as property owners shift toward deconstruction rather than demolition of obsolete or out-of-use structures. Recyclable resources extracted from buildings decrease the environmental effect of building operations.
Aluminum is widely utilized in the production of electric vehicle elements such as battery housings, inverters, E-drivers, braking elements, and charging points. Furthermore, car components composed of metal including aluminum, aluminum, and sophisticated high tensile steel are favored for use in electric cars due to their weight, which improves battery efficiency over time and therefore extends driving range.
Regional Insights
During the forecast period, Asia Pacific was the dominant geographical metal casting industry. It is due to the accessibility of raw resources, the existence of several casting factories, well-established industrial capabilities, and expanding product demand in the region's key end-use sectors. Government actions to strengthen the regional automobile and building sectors, together with significant public as well as private expenditure in the territory, will have a favorable impact on product utilization in the area.
The existence of large end-use businesses, strong technical and R&D resources, and broad manufacturing facilities are driving expansion in North America. North America is projected to lead the worldwide metal casting industry development in the foreseeable future.
Segment Dynamics
The Metal Casting market is fragmented into the material and application segments. Based on the material, the iron segment is anticipated to dominate the market. By application, the automotive and transportation segment is projected to grow at the highest CAGR during the forecast period.
Competitive Insights
The metal casting industry is divided due to the existence of a significant number of small and medium-sized companies (SMEs) and an unstructured industrial architecture. Several key firms are concentrating on increasing manufacturing capacity across borders and expanding their footprint. Metal casting manufacturers have a number of issues, including underutilization of equipment, resource management, excessive energy usage, and compliance with tight regulations. Rio Tinto announced a variety of high metal types in December 2020 that will be utilized by North American suction die caster for combining with scrap and recovering crushed wheels which have been cleansed.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Metal Casting by material, application, and region. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- Alcast Technologies
- Tricentis GmbH
- Ahresty Corporation
- Aisin Automotive Casting
- Dynacast
- Endurance
- Endurance Technologies Limited
- Georg Fischer Ltd.
- GF Automotive
- GIBBS
- Mino Industrial
- MINO Industry USA, Inc.
- Nemak
- Rheinmetall Automotive AG
- Ryobi Limited
- Reliance Foundry Coke Ltd
Material Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Steel
- Iron
- Aluminum
- Others
Application Size Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Automotive & transportation
- Industrial
- Building & construction
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Metal Casting Market Overview
1.1. Product Overview and Scope of Metal Casting
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Metal Casting Market Size Growth Rate Analysis by Material 2021 VS 2028
1.3.1. Steel
1.3.2. Iron
1.3.3. Aluminum
1.3.4. Others
1.4. Global Metal Casting Consumption Comparison by Application: 2021 VS 2028
1.4.1. Automotive & transportation
1.4.2. Industrial
1.4.3. Building & construction
1.4.4. Others
1.5. Global Metal Casting Market Size Estimates and Forecasts by Region: 2021 VS 2028
1.5.1. North America Metal Casting Estimates
1.5.2. Europe Metal Casting Estimates
1.5.3. China Metal Casting Estimates
1.5.4. Japan Metal Casting Estimates
2. Market Competition by Manufacturers
2.1. Global Metal Casting Revenue Market Share by Manufacturers (2020)
2.2. Metal Casting Market Share by Company Material (Tier 1, Tier 2 and Tier 3)
2.3. Global Metal Casting Average Price by Manufacturers (2017-2021)
2.4. Manufacturers Metal Casting Production Sites, Area Served, Product Types
2.5. Metal Casting Market Competitive Situation and Trends
2.5.1. Metal Casting Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Metal Casting Consumption by Region (2017-2021)
3.1. Global Metal Casting Consumption by Region
3.2. Global Metal Casting Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Metal Casting Consumption Growth Rate (2017-2021)
3.2.3. North America Metal Casting Consumption, Price and Gross Margin (2017-2021)
3.2.4. North America Metal Casting Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Metal Casting Consumption Growth Rate (2017-2021)
3.2.7. Europe Metal Casting Consumption, Price and Gross Margin (2017-2021)
3.2.8. Europe Metal Casting Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Metal Casting Consumption Growth Rate (2017-2021)
3.2.11. Asia Pacific Metal Casting Consumption, Price and Gross Margin (2017-2021)
3.2.12. Asia Pacific Metal Casting Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Metal Casting Consumption Growth Rate (2017-2021)
3.2.15. South America Metal Casting Consumption, Price and Gross Margin (2017-2021)
3.2.16. South America Metal Casting Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Metal Casting Consumption Growth Rate (2017-2021)
3.2.19. Middle East and Africa Metal Casting Consumption, Price and Gross Margin (2017-2021)
3.2.20. Middle East and Africa Metal Casting Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Metal Casting Consumption by Material (2017-2021)
4.1. Global Metal Casting Price by Material (2017-2021)
4.2. Global Metal Casting Revenue Market Share by Material (2017-2021)
4.2.1. Steel
4.2.2. Iron
4.2.3. Aluminum
4.2.4. Others
5. Global Metal Casting Consumption by Application (2017-2021)
5.1. Global Metal Casting Price by Application (2017-2021)
5.2. Global Metal Casting Revenue Market Share by Application (2017-2021)
5.2.1. Automotive & transportation
5.2.2. Industrial
5.2.3. Building & construction
5.2.4. Others
6. Key Companies Profiled
6.1. Alcast Technologies
6.1.1. Alcast Technologies Metal Casting Corporation Information
6.1.2. Alcast Technologies Metal Casting Product Portfolio
6.1.3. Alcast Technologies Metal Casting Consumption, Price and Gross Margin (2017-2021)
6.1.4. Alcast Technologies Main Business and Markets Served
6.1.5. Alcast Technologies Recent Developments/Updates
6.2. Ahresty Corporation
6.3. Aisin Automotive Casting
6.4. Dynacast
6.5. Endurance
6.6. Endurance Technologies Limited
6.7. Georg Fischer Ltd.
6.8. GF Automotive
6.9. GIBBS
6.10. Mino Industrial
6.11. MINO Industry USA , Inc.
6.12. Nemak
6.13. Rheinmetall Automotive AG
6.14. Ryobi Limited
6.15. Reliance Foundry Coke Ltd
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Metal Casting Distributors List
7.3. Metal Casting Customers
8. Market Dynamics
8.1. Metal Casting Industry Trends
8.2. Metal Casting Growth Drivers
8.3. Metal Casting Market Challenges
8.4. Metal Casting Market Restraints
9. Global Metal Casting Consumption and Demand Forecast, by Region (2022-2028)
9.1. Global Forecasted Demand Analysis of Metal Casting, by Regions and Country
9.1.1. North America Forecasted Consumption of Metal Casting by Country
9.1.2. Europe Market Forecasted Consumption of Metal Casting by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Metal Casting by Region
9.1.4. Latin America Forecasted Consumption of Metal Casting by Country
9.1.5. Middle East and Africa Forecasted Consumption of Metal Casting by Country
10. Global Metal Casting Consumption and Demand Forecast, by Device Segments (2022-2028)
10.1. Global Forecasted Consumption of Metal Casting by Material Segments (2022-2028)
10.2. Global Consumption and Price Forecast by Enterprise Segment Segments (2022-2028)
10.3. Global Forecasted Growth Rate of Metal Casting by End-User Segments (2022-2028)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Material
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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