Report Scope & Overview:
Metal Casting Market Size was valued at USD 33 billion in 2022, and is expected to reach USD 61.08 billion by 2030, and grow at a CAGR of 8.0% over the forecast period 2023-2030. In metal casting, molten or liquid metal is poured into a mould made of sand, metal, or ceramics to make parts or components with complicated shapes. The building and construction, automotive, heavy equipment industries, mining and heavy equipment industries use metal cast products the most. The automotive industry is the biggest user of metal cast products. Grey iron, ductile iron, aluminium, stainless steel, magnesium, zinc, and copper alloy are the main types of metal used in metal casting.
Market Dynamics:
Drivers:
Emission and fuel efficiency rules that are strict
Lack of a different way to make things
More and more people are buying hybrid and electric cars.
Restraints:
The process costs a lot of money because it needs a lot of tools, dies, and energy.
Opportunity:
Putting together parts that go into electric cars
Challenge:
High costs to cast materials
Die cast process vs. metal extrusion process
Impact of Covid-19:
The outbreak has had a big effect on the supply chains for chemicals and materials, international trade, and manufacturing around the world. During the COVID-19 pandemic, metal casting production went down because market players had to shut down production facilities or run them at less than their full capacity to stop the spread of the new coronavirus. Also, the production of metal casting has been affected by the lack of raw materials because of supply problems caused by border and trade restrictions. But some big players in the market have kept making things at their production facilities. Also, the falling prices of raw materials and low demand from industries that use the products have led to too much stock and less production.
Also, aluminium, steel, zinc, and magnesium are the main raw materials used to make metal castings. The outbreak had a big effect on the supply of raw materials because most of them are used to make parts for cars. The global COVID crisis, which affected the prices of raw materials as well as finished goods, hurt the auto industry the most. Because of this, the outbreak has messed up the supply and demand of raw materials.
Key Players
Ryobi Limited, Dynacast, MINO Industry USA, Inc., Ahresty Corporation, GIBBS, Rheinmetall Automotive AG, Endurance Technologies Limited, Aisin Automotive Casting, LLC., Nemak, Georg Fischer Ltd, and other players.
Market Segmentation:
By Material Type
Cast Iron
Aluminium
Stainless Steel
Zinc
Magnesium
Carbon Steel
High Steel Alloy
Others
By Process Type
Sand Casting
Die Casting
Shell Mold Casting
Gravity Casting
Vacuum Casting
Investment Casting
Others
By End-use
Automotive & Transportation
Building & Construction
Mining
Equipment & Machine
Consumer Goods
Others
Regional Analysis:
Asia-Pacific had the biggest share of the market in 2020 and the highest CAGR over the next five years. Asia-Pacific is divided into China, India, Japan, South Korea, Australia and New Zealand, and the rest of Asia-Pacific. Rapid population growth, urbanisation, and factors like a large number of producers, cheap labour costs, and growing application segments in the region are all reasons for the high growth in the region. China used to make and buy more metal castings than any other country. In India, consumption has also grown quickly over the past few years. Also, the growth of the Asia-Pacific market is likely to be helped by the fact that more capacity is being added in Southeast Asia, including Singapore, Thailand, South Korea, and China. Also, the growth in North America is due to the fact that there are a lot of large end-use industries, a lot of research and development (R&D) facilities, and a lot of production facilities. From now on, North America is expected to drive the growth of the global metal casting market over the next few years.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 33 Billion |
Market Size by 2030 | US$ 61.08 Billion |
CAGR | CAGR of 8.0% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Material Type (Cast Iron, Aluminium, Stainless Steel, Zinc, Magnesium, Carbon Steel, High Steel Alloy, Others) • By Process Type (Sand Casting, Die Casting, Shell Mold Casting, Gravity Casting, Vacuum Casting, Investment Casting, Others) • By End-use (Automotive & Transportation, Building & Construction, Mining, Equipment & Machine, Consumer Goods, Others) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Ryobi Limited, Dynacast, MINO Industry USA, Inc., Ahresty Corporation, GIBBS, Rheinmetall Automotive AG, Endurance Technologies Limited, Aisin Automotive Casting, LLC., Nemak, Georg Fischer Ltd, and other players. |
DRIVERS | • Emission and fuel efficiency rules that are strict • Lack of a different way to make things • More and more people are buying hybrid and electric cars. |
Restraints | • The process costs a lot of money because it needs a lot of tools, dies, and energy. |
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Ryobi Limited, Dynacast, MINO Industry USA, Inc., Ahresty Corporation, GIBBS, Rheinmetall Automotive AG, Endurance Technologies Limited, Aisin Automotive Casting, LLC., Nemak and Georg Fischer Ltd.
Ans: The process costs a lot of money because it needs a lot of tools, dies, and energy are the restraints for Global Metal Casting Market.
Ans: Global Metal Casting Market Size was valued at USD 30.56 billion in 2021, and expected to reach USD 52.38 billion by 2028, and grow at a CAGR of 8.0 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Global Metal Casting Market Segment, By Material Type
8.1 Cast Iron
8.2 Aluminium
8.3 Stainless Steel
8.4 Zinc
8.5 Magnesium
8.6 Carbon Steel
8.7 High Steel Alloy
8.8 Others
9.Global Metal Casting Market Segment, By Process Type
9.1 Sand Casting
9.2 Die Casting
9.3 Shell Mold Casting
9.4 Gravity Casting
9.5 Vacuum Casting
9.6 Investment Casting
9.7 Others
10.Global Metal Casting Market Segment, By End-use
10.1 Automotive & Transportation
10.2 Building & Construction
10.3 Mining
10.4 Equipment & Machine
10.5 Consumer Goods
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Ryobi Limited
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Dynacast
12.3 MINO Industry USA, Inc.
12.4 Ahresty Corporation
12.5 GIBBS
12.6 Rheinmetall Automotive AG
12.7 Endurance Technologies Limited
12.8 Aisin Automotive Casting, LLC.
12.9 Nemak
12.10 Georg Fischer Ltd
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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