Metal Casting Market Landscape :
The research provides up-to-date information on market revenue and current industry trends for the Metal Casting Market. In addition to discussing proactive and well-thought-out management techniques, it pays close attention to an overview of the Metal Casting Market, including its definition and market structure. The report examines crucial factors that have an impact on the industry, such as supply, capacity utilisation, market share, costs, and gross margin. It also aids in comprehending the prospective course of the Metal Casting Market in the ensuing years. This thorough research provides a market overview through common issues that are each supported by relevant data that focuses on particular demands and requirements.
Metal Casting Market Valuation :
Metal Casting Market size was valued at US$ 35.46 Bn. in 2022 and the total revenue is expected to grow at 18.9 % through 2023 to 2029, Metal Casting Market is reaching nearly US$ 119.15 Bn. by 2029.
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Metal Casting Market Segmentation
Global Metal Casting Market ,by Process (2022-2029)
• Gravity Casting
• High-Pressure Die Casting (HPDC)
• Low-Pressure Die Casting (LPDC)
• Sand Casting
Global Metal Casting Market ,Material Type (2022-2029)
• Cast iron
The market is divided into four sub-sectors based on material type: aluminium, cast iron, magnesium, and zinc, as well as others. In terms of volume, the iron casting industry held a 70.2% share of the market in 2022. The majority of demand in this field is anticipated to come from emerging markets, particularly in the oil and gas, construction, and automotive industries. Investors will probably keep concentrating on finished casting products. The MMR data shows that production of iron casting increased in 2022 over 2021 by 0.11%.
It is anticipated that the need for lightweight metals like magnesium and aluminium would create several opportunities for market vendors. Increased energy efficiency standards and stricter pollution regulations are anticipated to increase production of throughout the projection period.
Global Metal Casting Market ,Vehicle type (2022-2029)
Global Metal Casting Market ,Application (2022-2029)
• Automotive & transportation
• Building & construction
The market is further divided into four categories: Automotive & transportation, Industrial, building & construction, and Others. The automotive and transportation sector is anticipated to expand at a CAGR of 5.4% from the projection period to 2022. Global car manufacturing has been increasing slowly but steadily over the past few years. The International Organisation of Motor Vehicle Manufacturers forecasts a 2.5% growth in global automobile output in 2022. For automakers and market vendors, using aluminium to reduce weight will continue to be a crucial component.
Industrial categories will make for 28.4% of the market in terms of volume in 2022. Metal valves and gaskets, decanter centrifuges, jet pipes, flanges, radiation protection pipes, coal jet pipes, and jet turbines are some of the items made by the iron and steel industry.
Metal Casting Market Report Purpose
Global Metal Casting Market published by Maximize Market Research is the culmination of thorough primary and secondary research. The qualitative and quantitative data in the Metal Casting Market report is expected to assist decision-makers in determining which market segments, regions, and variables driving the market are likely to develop at higher rates, as well as major opportunity areas.
Maximize Market Research’s report on Metal Casting Market includes a PESTLE analysis, which aids in the development of company strategies. Political variables can help you figure out how much a government can influence the Metal Casting market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Metal Casting market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Metal Casting market is aided by legal factors.
Metal Casting Market Regional Insights
- North America
- The MEA
- Latin America
The study’s examination of the Metal Casting Market looks at the supply chains of manufacturers, current laws and regulations, supply chains, cost structures, and market share. By examining the pricing of the commodities in the region in proportion to the profit created, the regional markets for the Metal Casting Market are explored.
Metal Casting Market Key Players
1. Nemak 2. Ryobi Limited 3. GF Automotive 4. Rheinmetall Automotive 5. Ahresty Corporation 6. Dynacast 7. Endurance 8. Mino Industrial 9. Aisin Automotive Casting 10. Gibbs Die Casting 11. Georg Fischer Ltd 12. Precision Castparts Corp 13. Alcast Technologies 14. FORCEBEYOND 15. Reliance Foundry Co. Ltd
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- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation: A detailed analysis Metal Casting
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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