Metal Casting Market

According to the latest report by IMARC Group, titled “Metal Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global metal casting market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global metal casting market size reached US$ 151.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 236.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.

Metal casting represents the process of pouring hot liquid metal into a mold having a hollow cutout, which then solidifies into the preferred finished shape. The procedure is used for the mass production of components that utilize permanent metal mold to manufacture large and complex parts with low wall thickness. Metal casting is mainly made of non-ferrous materials, such as copper, aluminum, magnesium, zinc, lead, pewter, and tin-based alloys. It aids in improving energy efficiency and lowering the environmental impact. As a result, metal casting finds widespread applications across various sectors, including automotive, transportation, equipment, machine, building and construction, military, aerospace, etc.

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Global Metal Casting Market Trends:

The expanding automotive industry, especially in countries, such as India, China, and Japan, and the escalating demand for lightweight and electric vehicles, owing to the inflating per capita incomes and the rising environmental awareness in individuals, are among the primary factors driving the metal casting market. Besides this, the leading manufacturers have embraced simulation-based castings to create perfect defect-free products that aid in decreasing wastage and reducing the costs of operations, which is further augmenting the market growth.

Moreover, the elevating requirement for metal casting technology in pipes and fittings, mining and oilfield machinery, internal combustion engines, railroads, valves, and farm equipment, as it improves energy efficiency, lowers production costs, enhances environmental quality, and creates innovative new cast products, is also catalyzing the global market. Apart from this, the development of lost foam casting and computer-based visualization tools for die casters to create alternative means for molding is anticipated to propel the metal casting market over the forecasted period.

Some of the Top Metal Casting Key Players Operating in the Market are Given Below:

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Key Market Segmentation:

Breakup by Process:

Breakup by Material Type:

Breakup by Components:

Breakup by Vehicle Type:

Breakup by Electric and Hybrid Type:

Breakup by Application:

Breakup by Region:

Key highlights of the Report:

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