Global Metal Casting Market Growth 2023-2029
Metal casting is a kind of metal forming object obtained by various casting methods, that is, the melted liquid metal is injected into the prepared mold by pouring, injection, inhalation or other casting methods. After cooling, it is ground and other follow-up processing methods, and the object with certain shape, size and performance is obtained
All major metals can be cast. The most common are iron, steel, aluminum, magnesium, zinc and copper based alloys. Metal casting methods include conventional molding process, precision molding process, chemical combined sand molding process, and innovative molding and casting technology.
Metal castings are used in automobiles, trucks, airplanes, trains, mining and construction equipment, oil wells, kitchenware, pipes, toys, space shuttles, wind turbines, nuclear power plants, tanks, bombs, etc.
LPI (LP Information)' newest research report, the “Metal Casting Industry Forecast” looks at past sales and reviews total world Metal Casting sales in 2022, providing a comprehensive analysis by region and market sector of projected Metal Casting sales for 2023 through 2029. With Metal Casting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Metal Casting industry.
This Insight Report provides a comprehensive analysis of the global Metal Casting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Metal Casting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Metal Casting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Metal Casting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Metal Casting.
The global Metal Casting market size is projected to grow from US$ 221990 million in 2022 to US$ 336460 million in 2029; it is expected to grow at a CAGR of 336460 from 2023 to 2029.
China is the largest Metal Casting market with about 42% market share. Europe is follower, accounting for about 18% market share.
The key players are Precision Castparts, Hitachi Metals, Xinxing Ductile Iron, Amsted Rail, Weichai, Ryobi, Doosan Heavy Industries & Construction, Dicastal, Nemak, Alcoa, Hongtu Technology, Kobe Steel, ME Elecmetal, Huaxiang Group, Faw Foundry, Sinojit, Gibbs Die Casting, Endurance, CHALCO, China Hongqiao, HongTeo, WenCan etc. Top 3 companies occupied about 15% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Metal Casting market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Gray Iron Castings
Ductile Iron Castings
Steel Casting
Aluminum Casting
Others
Segmentation by application
Automotive Industry
Aviation Industry
Heavy Machinery
Energy Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Precision Castparts
Hitachi Metals
Xinxing Ductile Iron
Amsted Rail
Weichai
Ryobi
Doosan Heavy Industries & Construction
Dicastal
Nemak
Alcoa
Hongtu Technology
Kobe Steel
ME Elecmetal
Huaxiang Group
Faw Foundry
Sinojit
Gibbs Die Casting
Endurance
CHALCO
China Hongqiao
HongTeo
WenCan
Key Questions Addressed in this Report
What is the 10-year outlook for the global Metal Casting market?
What factors are driving Metal Casting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Metal Casting market opportunities vary by end market size?
How does Metal Casting break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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