Automotive Metal Casting Market

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Automotive Metal Casting Market is estimated to be US$ 222.45 billion by 2032 with a CAGR of 5.4% during the forecast period 2032

Automotive Metal Casting Market accounted for US$ 131.6 billion in 2022 and is estimated to be US$ 222.45 billion by 2032 and is anticipated to register a CAGR of 5.4%. Metal casting is a popular manufacturing process and involves pouring molten metal into a die or sand mold to obtain the desired shape. It helps in manufacturing complex and large size parts for various industrial applications. Stringent regulations regarding pollution and energy efficiency requirements in vehicles are driving the growth of the metal casting industry. The regulations have forced automakers to shift to lighter weight vehicles to improve fuel efficiency. Metal casting materials such as gray iron, ductile iron, aluminum, steel, copper and zinc are all reliable and effective. For medium to large volume castings, metal casting can produce products with complex geometries and is less expensive than other manufacturing techniques. Metal casting has a strong demand due to its light weight features as well as aesthetic appeal, with aluminum casting being the most preferred in the construction industry. The finished products are significantly deployed in construction machinery and equipment, curtain wall, heavy vehicles, windows, roofs and door handles. The outbreak has had a major impact on the supply of raw materials as most of these raw materials are used in automotive components. The increasing popularity and demand of electric vehicles is another factor that is driving the growth of the metal casting market globally.

The report “Global Automotive Metal Casting Market, By Type (Aluminum Casting, Cast Iron, Magnesium Casting, and Zinc Casting), By Process (Gravity, High & Low Pressure, and Sand Casting), By Application (Body Assembly, Engine, and Transmission) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030 “

Key Highlights:

In September 2022, BPI Publishes Children's Book About Manufacturing. Batesville Products, Inc. (BPI) wrote the children's book Foundry Friends make a Casting to introduce young students to American manufacturing. The book teaches students about the metal casting process as animated characters build a toy car from start to finish. Along the way, readers are introduced to engineering, metal casting, robotics, CNC machining, inspection gauges and polishing all important steps in the manufacturing process that take place right here in Dearborn County.

Analyst View:

Global Automotive Metal Casting Market innovation is growing around the world, Casting offers the best design flexibility compared to other manufacturing methods such as forging, welding, rolling or stamping. Casting also offers a significant advantage in the form of enabling the creation of attractive designs, as there is no restriction to the assembly of pieces or shapes. The casting industry is important for many reasons. It supports the growth of other industries, small businesses, the global economy, industry and the people who dedicate their time every day to the creation of the environment. As a result, metal casting market is increases because rising popularity and demand for electric vehicles.

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Key Market Insights from the report:

Global Automotive Metal Casting Market accounted for US$ 131.6 billion in 2022 and is estimated to be US$ 222.45 billion by 2032 and is anticipated to register a CAGR of 5.4%.The Global Automotive Metal Casting Market is segmented based on Type, Process, Application and Region.

Based on Type, Global Automotive Metal Casting Market is segmented into Aluminum Casting, Cast Iron, Magnesium Casting, and Zinc Casting.
Based on Process, Global Automotive Metal Casting Market is segmented into Gravity, High & Low Pressure, and Sand Casting.
Based on Application, Global Automotive Metal Casting Market is segmented into Body Assembly, Engine, and Transmission.
By Region, the Global Automotive Metal Casting Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Automotive Metal Casting Market:

The prominent players operating in the Global Automotive Metal Casting Market includes, Endurance Technologies Limited, GF Casting Solutions AG, Ryobi limited, Dynacast, Precision Castparts Corp, GIBBS, Alcast Technologies, Ahresty Wimington Corporation, and Force beyond, Reliance Foundry Coke Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.