Tuesday, 02 January 2024 12:17 GMT

Global Metal Casting Market Report 2025: Size Projected USD 325.69 Billion, CAGR Of 6.94% By 2033.


(MENAFN- IMARC Group)

According to the latest report by IMARC Group, titled“ Metal Casting Market Size, Share, Trends and Forecast by Process, Material Type, End Use, Components, Vehicle Type, Electric and Hybrid Type, Application, and Region, 2025-2033 ”, 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 USD 177.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 325.7 Billion by 2033, exhibiting a growth rate (CAGR) of 6.94% during 2025-2033.

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Global Metal Casting Market Dynamics:

Automotive Industry Growth:

The automotive industry is an important factor in the growth of the global market of metal casting. The increasing attention given to lightweight vehicles to enhance fuel economy and lower carbon footprint is a key factor fuelling the demand for lightweight materials such as cast aluminum and magnesium. These materials are beneficial compared to conventional steel components because they are lightweight, hence greatly enhancing the performance of vehicles while lessening their impact on the environment. There is also growing demand for electric vehicles (EVs), which is helping to further increase this demand because EVs need metal components that can be cast more easily and that have high thermal conductivity and corrosion resistance to make the parts more durable to extreme conditions.

Industrialization and Infrastructure Development:

The metal casting market is growing massively due to rapid industrialization and infrastructure development of the emerging economies. These developments require large numbers of industrial buildings, power generation plants and transportation infrastructure, all of which need a huge quantity of metal parts. Construction in particular is a big consumer of metal castings for construction of buildings, bridges and pipelines. The growing demand for durable and reliable infrastructure components is expected to further propel the growth of the metal casting market in these regions.

Advancements in Casting Technologies:

Innovations in casting technologies have become pivotal in improving the productivity, accuracy and quality of metal castings. 3D printing, rapid prototyping, and near-net shape casting are enabling greater complexity in components while minimizing material waste during production. Such advancements also make it possible to produce less components such that their overall weight is reduced while strength is increased. This increase in strength results in better efficiency of the end-use products. In addition, real-time process monitoring predictive maintenance and enhanced quality control are made possible through the use of more sophisticated technologies such as AI and machine learning, which boost productivity and lower expenses.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Metal Casting Market are Given Below:

  • Arkema Group
  • BASF SE
  • Honeywell International Inc.
  • Tosoh Corporation
  • Zeochem LLC

Global Metal Casting Market Trends:

A number of important developments in world metal casting market present an opportunity and challenge to its future growth. The wider adoption of lighter yet stronger materials has increased the growth of some applications that utilize advanced alloys like aluminum alloys and magnesium alloys. At the same time, the focus on sustainable casting practices is promoting the innovation of greener casting technologies that lessen the carbon footprint and conserve energy.

There's also an increasing interest on automation and digitalization within the market. The development of robotics and the application of automation systems improve the effectiveness and productivity of casting operations, while the introduction of digital technologies such as data science or cloud computing improves data acquisition and analysis, as well as decision making and process management. All these are necessary steps for increasing the competitiveness and the viability of the metal casting industry in the context of stronger international competition.

Key Market Segmentation:

Breakup by Process:

  • Sand Casting
  • Gravity Casting
  • High-Pressure Die Casting (HPDC)
  • Low-Pressure Die Casting (LPDC)
  • Others

According to the report, sand casting represented the largest segment.

Breakup by Material Type:

  • Cast Iron
  • Aluminum
  • Steel
  • Zinc
  • Magnesium
  • Others

According to the report, cast iron accounted for the largest market share.

Breakup by End Use:

  • Automotive and Transportation
  • Equipment and Machine
  • Building and Construction
  • Aerospace and Military
  • Others

According to the report, automotive and transportation represented the largest segment.

Breakup by Automotive and Transportation Market: Components:

  • Alloy Wheels
  • Clutch Casing
  • Cylinder Head
  • Cross Car Beam
  • Crank Case
  • Battery Housing
  • Others

According to the report, alloy wheels accounted for the largest market share.

Breakup by Automotive and Transportation Market: Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

According to the report, passenger cars represented the largest segment.

Breakup by Automotive and Transportation Market: Electric and Hybrid Type:

  • Hybrid Electric Vehicles (HEV)
  • Battery Electric Vehicles (BEV)
  • Plug-In Hybrid Electric Vehicles (PHEV)

According to the report, hybrid electric vehicles (HEV) accounted for the largest market share.

Breakup by Automotive and Transportation Market: Application:

  • Body Assemblies
  • Engine Parts
  • Transmission Parts
  • Others

According to the report, body assemblies accounted for the largest market share.

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

According to the report, Asia Pacific accounted for the largest market share.

Key highlights of the Report:

  • Market Performance
  • Market Outlook
  • COVID-19 Impact on the Market
  • Porter's Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Contact US: IMARC Group
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