The global demand for Metal Casting Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Metal casting is the process in which molten metal is poured into a mould that contains a hollow cavity of a desired geometrical shape and allowed to cool down to form a solidified part. The casting process is most frequently used for making complex shapes that would be difficult or uneconomical to make by other methods. Metal casting technology provides numerous advantages; it helps improve energy efficiency, lower production costs, and create innovative new cast products. These advantages are used in pipes and fittings, mining and oilfield machinery, internal combustion engines, railroads, valves, and farm equipment, which depend heavily on casting to create uniform products.
The market is primarily driven by the increasing use of lightweight materials in the construction and automotive sector. Furthermore, the growing demand for complex products from various end-use industries is likely to propel the market. The final product can be used in construction equipment & machinery, heavy vehicles, curtain walling, door handles, windows, and roofing. In addition to this, rising demand for pans, pots, utensils, engines, piping, and automotive are the growth factors for the cast iron market. Demand for the grey iron metal is projected to increase over the years because of its applications in housing, engine blocks, cylinder heads, and enclosures. Its characteristics, such as stiffness, high thermal conductivity, and wear resistance, make it useful in such applications. On the contrary side, the high cost of initial setup may hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of metal casting.
The entire metal casting market has been sub-categorized into material and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Automotive & Transportation
- Building & Construction
This section covers regional segmentation which accentuates on current and future demand for metal casting market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Metal Casting Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the metal casting market include POSCO, Dynacast, Arconic, Ryobi Ltd., Endurance Technologies Limited, Alcast Technologies, Uniabex, MES, Inc., CALMET, Hitachi Metals. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.