Product Code: A16963
The global metal casting market was valued at $129.5 billion in 2021, and is projected to reach $226.8 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031. Metal casting is the process of making objects by pouring molten metal into an empty shaped space. The metal then cools and hardens into the form given to it by this shaped mold. Metal casting is used in various end-use sectors including automotive, electrical and electronics, building and construction, heavy machinery and equipment, aerospace, and others.
Factors such as increasing disposable income, technological upgrades, and spurring rise in original equipment manufacturers (OEMs) have led the automotive sector to witness a significant growth. Metal castings are widely used in automotive sector for producing various automotive parts of different shapes. For instance, metal die castings are used in producing alloy wheels, body frames, pistons, engine blocks, valve covers, carburetors, fan clutches, and others. Furthermore, increase in investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India, have led the building & construction sector to witness significant growth where metal casting process is widely employed for designing and production of both interior and exterior metallic structures, window frames, and others. These factors are anticipated to fuel the growth of the metal casting market during the forecast period
However, casting involves several processes such as melting of metal, transferring the molten metal to mold cavity, and solidification of molten metal. These processes require a relatively large amount of heat energy. Furthermore, the overall process consists of different sophisticated equipment that are fabricated to work at high temperature application. These factors make metal casting an expensive process, which in turn may restrain manufacturers with less investment potential to enter into metal casting market.
On the contrary, rapid technological advancements coupled with the emergence of artificial intelligence (AI), internet of things (IoT) and machine learning (ML) technologies have surged the demand for various consumer electronic devices. Metal casting solutions are widely used in electronics sector for producing three-dimensional parts. Furthermore, key electronic manufacturers such as Samsung, LG, Apple, and others, are using metal casting owing to its advantages such as quick yield of complexes, preciseness, and production of rigid cast parts with smooth surfaces that do not need intense secondary machining. These factors have surged the popularity of metal castings in the growing electronics sector; thus, creating remunerative opportunities for the market.
The metal castings market is segmented into process, end-use industry, and region. On the basis of process, the market is categorized into sand casting, investment casting, die casting, gravity casting, and others. By end-use industry, it is classified into automotive, heavy machinery and equipment, defense, electrical and electronics, building and construction and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global metal casting market profiles leading players that include Ahresty Corporation, Aisin World Corp. of America, Dawang Steel Casting Foundry, Dynacast International, Endurance Technologies Limited, Georg Fischer Ltd, GIBBS, Gujarat Precision Cast Pvt. Ltd., MINO Industry USA, Inc, NEMAK, Omnidex Group, Rheinmetall Ag, RFQLINE, INC, RYOBI DIE CASTING, and Sujan Industries. The global metal casting market report provides in-depth competitive analysis as well as profiles of these major players
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal casting market analysis from 2021 to 2031 to identify the prevailing metal casting market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the metal casting market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global metal casting market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End-use Industry
- Automotive
- Heavy Machinery and Equipment
- Defense
- Electrical and Electronics
- Building and Construction
- Others
By Process
- Sand Casting
- Investment Casting
- Die Casting
- Gravity Casting
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
- Key Market Players
- Nemak
- Dynacast International
- ahresty corporation
- Rheinmetall Ag
- Ryobi Die Casting (USA), Inc.
- Georg Fischer Ltd.
- Aisin World Corp. of America
- Endurance Technologies Limited
- MINO Industry USA, Inc
- GIBBS
- Gujarat Precision Cast Pvt. Ltd.
- Omnidex Group
- Dawang Steel Casting Foundry
- RFQLINE, INC
- Sujan Industries
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Pricing Analysis
- 3.8.Value Chain Analysis
- 3.9.Key Regulation Analysis
- 3.10.Patent Landscape
CHAPTER 4: METAL CASTING MARKET, BY PROCESS
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Sand Casting
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Investment Casting
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 Die Casting
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.5 Gravity Casting
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
- 4.6 Others
- 4.6.1 Key market trends, growth factors and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market analysis by country
CHAPTER 5: METAL CASTING MARKET, BY END-USE INDUSTRY
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Automotive
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Heavy Machinery and Equipment
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 Defense
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
- 5.5 Electrical and Electronics
- 5.5.1 Key market trends, growth factors and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market analysis by country
- 5.6 Building and Construction
- 5.6.1 Key market trends, growth factors and opportunities
- 5.6.2 Market size and forecast, by region
- 5.6.3 Market analysis by country
- 5.7 Others
- 5.7.1 Key market trends, growth factors and opportunities
- 5.7.2 Market size and forecast, by region
- 5.7.3 Market analysis by country
CHAPTER 6: METAL CASTING MARKET, BY REGION
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 North America
- 6.2.1 Key trends and opportunities
- 6.2.2 North America Market size and forecast, by Process
- 6.2.3 North America Market size and forecast, by End-use Industry
- 6.2.4 North America Market size and forecast, by country
- 6.2.4.1 U.S.
- 6.2.4.1.1 Market size and forecast, by Process
- 6.2.4.1.2 Market size and forecast, by End-use Industry
- 6.2.4.2 Canada
- 6.2.4.2.1 Market size and forecast, by Process
- 6.2.4.2.2 Market size and forecast, by End-use Industry
- 6.2.4.3 Mexico
- 6.2.4.3.1 Market size and forecast, by Process
- 6.2.4.3.2 Market size and forecast, by End-use Industry
- 6.3 Europe
- 6.3.1 Key trends and opportunities
- 6.3.2 Europe Market size and forecast, by Process
- 6.3.3 Europe Market size and forecast, by End-use Industry
- 6.3.4 Europe Market size and forecast, by country
- 6.3.4.1 Germany
- 6.3.4.1.1 Market size and forecast, by Process
- 6.3.4.1.2 Market size and forecast, by End-use Industry
- 6.3.4.2 UK
- 6.3.4.2.1 Market size and forecast, by Process
- 6.3.4.2.2 Market size and forecast, by End-use Industry
- 6.3.4.3 France
- 6.3.4.3.1 Market size and forecast, by Process
- 6.3.4.3.2 Market size and forecast, by End-use Industry
- 6.3.4.4 Spain
- 6.3.4.4.1 Market size and forecast, by Process
- 6.3.4.4.2 Market size and forecast, by End-use Industry
- 6.3.4.5 Italy
- 6.3.4.5.1 Market size and forecast, by Process
- 6.3.4.5.2 Market size and forecast, by End-use Industry
- 6.3.4.6 Rest of Europe
- 6.3.4.6.1 Market size and forecast, by Process
- 6.3.4.6.2 Market size and forecast, by End-use Industry
- 6.4 Asia-Pacific
- 6.4.1 Key trends and opportunities
- 6.4.2 Asia-Pacific Market size and forecast, by Process
- 6.4.3 Asia-Pacific Market size and forecast, by End-use Industry
- 6.4.4 Asia-Pacific Market size and forecast, by country
- 6.4.4.1 China
- 6.4.4.1.1 Market size and forecast, by Process
- 6.4.4.1.2 Market size and forecast, by End-use Industry
- 6.4.4.2 India
- 6.4.4.2.1 Market size and forecast, by Process
- 6.4.4.2.2 Market size and forecast, by End-use Industry
- 6.4.4.3 Japan
- 6.4.4.3.1 Market size and forecast, by Process
- 6.4.4.3.2 Market size and forecast, by End-use Industry
- 6.4.4.4 South Korea
- 6.4.4.4.1 Market size and forecast, by Process
- 6.4.4.4.2 Market size and forecast, by End-use Industry
- 6.4.4.5 Australia
- 6.4.4.5.1 Market size and forecast, by Process
- 6.4.4.5.2 Market size and forecast, by End-use Industry
- 6.4.4.6 Rest of Asia-Pacific
- 6.4.4.6.1 Market size and forecast, by Process
- 6.4.4.6.2 Market size and forecast, by End-use Industry
- 6.5 LAMEA
- 6.5.1 Key trends and opportunities
- 6.5.2 LAMEA Market size and forecast, by Process
- 6.5.3 LAMEA Market size and forecast, by End-use Industry
- 6.5.4 LAMEA Market size and forecast, by country
- 6.5.4.1 Brazil
- 6.5.4.1.1 Market size and forecast, by Process
- 6.5.4.1.2 Market size and forecast, by End-use Industry
- 6.5.4.2 Saudi Arabia
- 6.5.4.2.1 Market size and forecast, by Process
- 6.5.4.2.2 Market size and forecast, by End-use Industry
- 6.5.4.3 South Africa
- 6.5.4.3.1 Market size and forecast, by Process
- 6.5.4.3.2 Market size and forecast, by End-use Industry
- 6.5.4.4 Rest of LAMEA
- 6.5.4.4.1 Market size and forecast, by Process
- 6.5.4.4.2 Market size and forecast, by End-use Industry
CHAPTER 7: COMPANY LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Key developments
CHAPTER 8: COMPANY PROFILES
- 8.1 Nemak
- 8.1.1 Company overview
- 8.1.2 Company snapshot
- 8.1.3 Operating business segments
- 8.1.4 Product portfolio
- 8.1.5 Business performance
- 8.1.6 Key strategic moves and developments
- 8.2 Dynacast International
- 8.2.1 Company overview
- 8.2.2 Company snapshot
- 8.2.3 Operating business segments
- 8.2.4 Product portfolio
- 8.2.5 Business performance
- 8.2.6 Key strategic moves and developments
- 8.3 ahresty corporation
- 8.3.1 Company overview
- 8.3.2 Company snapshot
- 8.3.3 Operating business segments
- 8.3.4 Product portfolio
- 8.3.5 Business performance
- 8.3.6 Key strategic moves and developments
- 8.4 Rheinmetall Ag
- 8.4.1 Company overview
- 8.4.2 Company snapshot
- 8.4.3 Operating business segments
- 8.4.4 Product portfolio
- 8.4.5 Business performance
- 8.4.6 Key strategic moves and developments
- 8.5 Ryobi Die Casting (USA), Inc.
- 8.5.1 Company overview
- 8.5.2 Company snapshot
- 8.5.3 Operating business segments
- 8.5.4 Product portfolio
- 8.5.5 Business performance
- 8.5.6 Key strategic moves and developments
- 8.6 Georg Fischer Ltd.
- 8.6.1 Company overview
- 8.6.2 Company snapshot
- 8.6.3 Operating business segments
- 8.6.4 Product portfolio
- 8.6.5 Business performance
- 8.6.6 Key strategic moves and developments
- 8.7 Aisin World Corp. of America
- 8.7.1 Company overview
- 8.7.2 Company snapshot
- 8.7.3 Operating business segments
- 8.7.4 Product portfolio
- 8.7.5 Business performance
- 8.7.6 Key strategic moves and developments
- 8.8 Endurance Technologies Limited
- 8.8.1 Company overview
- 8.8.2 Company snapshot
- 8.8.3 Operating business segments
- 8.8.4 Product portfolio
- 8.8.5 Business performance
- 8.8.6 Key strategic moves and developments
- 8.9 MINO Industry USA, Inc
- 8.9.1 Company overview
- 8.9.2 Company snapshot
- 8.9.3 Operating business segments
- 8.9.4 Product portfolio
- 8.9.5 Business performance
- 8.9.6 Key strategic moves and developments
- 8.10 GIBBS
- 8.10.1 Company overview
- 8.10.2 Company snapshot
- 8.10.3 Operating business segments
- 8.10.4 Product portfolio
- 8.10.5 Business performance
- 8.10.6 Key strategic moves and developments
- 8.11 Gujarat Precision Cast Pvt. Ltd.
- 8.11.1 Company overview
- 8.11.2 Company snapshot
- 8.11.3 Operating business segments
- 8.11.4 Product portfolio
- 8.11.5 Business performance
- 8.11.6 Key strategic moves and developments
- 8.12 Omnidex Group
- 8.12.1 Company overview
- 8.12.2 Company snapshot
- 8.12.3 Operating business segments
- 8.12.4 Product portfolio
- 8.12.5 Business performance
- 8.12.6 Key strategic moves and developments
- 8.13 Dawang Steel Casting Foundry
- 8.13.1 Company overview
- 8.13.2 Company snapshot
- 8.13.3 Operating business segments
- 8.13.4 Product portfolio
- 8.13.5 Business performance
- 8.13.6 Key strategic moves and developments
- 8.14 RFQLINE, INC
- 8.14.1 Company overview
- 8.14.2 Company snapshot
- 8.14.3 Operating business segments
- 8.14.4 Product portfolio
- 8.14.5 Business performance
- 8.14.6 Key strategic moves and developments
- 8.15 Sujan Industries
- 8.15.1 Company overview
- 8.15.2 Company snapshot
- 8.15.3 Operating business segments
- 8.15.4 Product portfolio
- 8.15.5 Business performance
- 8.15.6 Key strategic moves and developments