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Metal Casting Market

Metal Casting Market, Size and Segment 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), by Region Global Market Forecast 2022-2028

Report Id: SNS/C&M/1909 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Metal Casting Market Size was valued at USD 30.56 billion in 2021, and is expected to reach USD 52.38 billion by 2028, and grow at a CAGR of 8.0% over the forecast period 2022-2028. 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.

Metal Casting Market Revenue Graph

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

Metal Casting Market Segment Pie Chart

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

Metal Casting Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 30.56 Billion
Market Size by 2028 US$ 52.38 Billion
CAGR CAGR of 8.0% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :

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

 

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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Secondary Research

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