Metal Casting Market size was valued at US$ 42.16 Bn. in 2023 and the total revenue is expected to grow at 18.9 % through 2024 to 2030, Metal Casting Market is reaching nearly US$ 141.64 Bn. by 2030
Metal Casting Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Metal Casting Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Metal Casting market, with forecasts outspreading to the year 2030.
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Metal Casting Market Scope and Methodology:
Maximize market research covers competitive landscape, key competitors and their market shares for better understanding of the industry. The report also discusses new product developments and technology trends. The report provides a detailed overview of the Metal Casting market through both quantitative and qualitative analysis. The report aims to help readers develop business strategies and assess their position in the market by providing a comprehensive analysis of the competitive landscape. The purpose of the report is to provide the necessary information to make an informed decision regarding the Metal Casting market. In addition, the report delivers information on revenue, sales volume, and average price of the entire market and sub-segments in various segments and regions to assist portable notebook manufacturers, new entrants, and companies involved in the industry chain market.
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Metal Casting Market Regional Insights:
In a regional analysis, the Metal Casting market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. These regions are classified as corresponding countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
Metal Casting Market Segmentation:
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
The market is divided into aluminum, cast iron, magnesium, zinc, and others based on the kind of material. With a 70.2% market share in terms of volume in 2023, the iron casting segment held the largest share. The bulk of demand in this field is anticipated to come from emerging markets, especially in the oil and gas, construction, and automotive industries. It is probable that investors will persist in their emphasis on completed casting goods. The MMR study states that the production of iron casting increased by 0.11% in 2023 compared to the previous year.
by Vehicle Type
BEV
HEV
PHEV
by Application
Automotive & transportation
Industrial
Building & construction
Others
The market is divided into submarkets based on application, including automotive and transportation, industrial, building and construction, and others. The segment for cars and transportation is anticipated to expand at a compound annual growth rate (CAGR) of 5.4% in 2023. The world's automotive manufacturing has been gradually but steadily increasing over the past few years. As per the International Organization of Motor Vehicle Manufacturers, there was a 2.5 percent growth in global automotive output in 2023. Automakers and market sellers will continue to place a high value on the use of aluminum in lightening vehicles.
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Metal Casting Market Key Players:
North America
1. Nemak
2. Dynacast
3. Mino Industrial
4. Aisin Automotive Casting
5. Gibbs Die Casting
6. FORCEBEYOND
7. Reliance Foundry Co. Ltd
Europe
8. Rheinmetall Automotive
9. Georg Fischer Ltd
10. Marimex - M. Ivanov
11. ArcelorMittal SA,
12. Bühler AG
Asia-Pacific
13. Ryobi Limited
14. Ahresty Corporation
15. Endurance
16. Tycon Alloy Industries (HongKong)
17. TOYOTA INDUSTRIES CORPORATION
18. NINGBO INNOVAW MECHANICAL CO., LTD
19. Pyrotek
Middle East and Africa
20. Gulf Metal Foundry
21. Saanvi Founders
22. National Metal Manufacturing and Casting Company
23. Arabian FORASOL Foundation LLC
South America
24. Fundição Regali Brasil
25. Industrias Ascheri & Cia.
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Key questions answered in the Metal Casting Market are:
- What is Metal Casting?
- What was the Metal Casting market size in 2023?
- What is the growth rate of the Metal Casting Market?
- What is the CAGR at which the Metal Casting market will grow during the forecast period?
- What are the different segments of the Metal Casting Market?
- Which is the fastest-growing region in the Metal Casting market?
- Which are the factors expected to drive the Metal Casting market growth?
- What growth strategies are the players considering to increase their presence in Metal Casting?
- What are the upcoming opportunities and trends for the Metal Casting Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Metal Casting Market?
- What segments are covered in the Metal Casting Market?
- Who are the key players in the Metal Casting market?
- Who are the leading companies and what are their portfolios in Metal Casting Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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