image

Metal Casting Market Report Scope & Overview:

The Metal Casting Market Size was valued at USD 33.0 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.

Metal Casting Market Revenue Analysis

Get more Information on Metal Casting Market - Request Sample Report

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 car 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.

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 Segmentation Analysis

Get Customized Report as per your Business Requirement - Request For Customized Report

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

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.

Dynacast-Company Financial Analysis

​​​​​​​

Metal Casting Market Report Scope:
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.

Frequently Asked Questions

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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone