According to the latest report by IMARC Group, titled “Metal Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, 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 reached a value of US$ 139 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 221.3 Billion by 2027, exhibiting a CAGR of 7.8% during 2022-2027. Metal casting refers to the manufacturing process in which molten metal is poured into a hollow container of the desired geometrical shape to form a solidified structure. It assists in producing complex and large-size parts for various industrial applications at a relatively affordable price point. Some reliable and effective metal casting materials include gray iron, ductile iron, aluminum, steel, copper, zinc, etc. In addition to this, metal casting offers several benefits, such as improving energy efficiency, reducing production costs, enhancing environmental quality, creating innovative new cast products, etc. Consequently, it finds wide-ranging applications across numerous industries, such as aerospace, construction, transportation, etc.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Important Attribute and highlights of the Report:

Global Metal Casting Market Trends:

The escalating demand for lightweight automotive materials is primarily driving the metal casting market. Additionally, the widespread product adoption as a cost-efficient source of raw materials in pipes and fittings, mining and oilfield machinery, internal combustion (IC) engines, railroads, valves, farm equipment, etc., is further catalyzing the market growth. Apart from this, the implementation of stringent regulations by government bodies across countries that mandate the utilization of energy-efficient materials in the automotive industry is acting as another significant growth-inducing factor. Moreover, the rising investments in R&D activities aimed at developing lost foam casting and computer-based visualization tools to create alternative means for molding are also augmenting the global market. Besides this, the introduction of simulation-based product variants by leading manufacturers to minimize wastage and operational costs is anticipated to fuel the metal casting market over the forecasted period.

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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Breakup by Electric and Hybrid Type:

Key highlights of the Report:

TOC for the Metal Casting Market Research Report:

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.

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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.

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