Latest News- Metal Casting Market: Automotive is expected to lead the End-user segment during 2025-2029

The Metal Casting Market is being driven by Growing adoption of X-ray casting increases efficiency in defect recognition

The Metal Casting Market is expected to grow at a CAGR of 8.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 22852.3 million. In the metal casting market, simulation technology plays a pivotal role in producing precise and economical components. By utilizing casting simulation software, operators can enhance casting yield, minimize processing time, and effortlessly detect and eliminate defects. This approach aligns with the stringent requirements of the automotive industry, which demands cast parts with exact dimensions for optimal manufacturing efficiency. The integration of simulation-based casting solutions is increasingly becoming a necessity for metal casting businesses to meet the industry's exacting standards and remain competitive. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Automotive
  • Industrial machinery
  • Aerospace and defense
  • Others
• Material
  • Aluminum
  • Cast iron
  • Magnesium
  • Zinc
  • Others
• Method
  • Sand casting
  • HPDC
  • Gravity casting
  • LPDC
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing adoption of X-ray casting increases efficiency in defect recognition
• Increasing adoption of automation in die casting process
• Rise in demand for housing projects

However, the market also witnesses some limitations, which are as follows:

• Significant energy-consuming technology increasing overall production costs
• Benefits of forging substitutes metal casting
• Increasing environmental concerns in process of metal casting

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Market Scope in Metal Casting Market Research Report

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Research Analysis Overview

The Metal Casting Market focuses on advancements in casting design, optimization, and analysis through techniques like mold flow analysis and simulation. It addresses challenges such as casting porosity, shrinkage cavities, hot tearing, and metal solidification, as well as grain size control and alloy composition. Preventing casting defects is a priority, along with improving productivity, automation, and cost reduction. Energy efficiency, sustainable practices, and real-time data acquisition are also key areas of development. Technologies like digital twin technology, smart casting systems, and non-destructive testing are transforming the industry. Additionally, advancements in melting furnace technology, cooling system design, and material handling contribute to quality assurance and process improvement. Process capability analysis, statistical process control, and six sigma methodology ensure consistent, high-quality outputs.

Market Research Overview

In the intricate metal casting market, various processes such as investment casting, sand casting, die casting, and lost wax casting, play pivotal roles in manufacturing containers from metals. Suppliers, essential to this industry, encompass raw material providers, including steel, aluminum, tin for metal casting, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass casting, and HDPE, LDPE, PET, PP, and PVC for plastic casting. The manufacturing process involves rigorous quality control measures to mitigate casting defects in each technique. For instance, sand casting may yield porosity or shrinkage issues, while die casting machines require precise temperature control to prevent warpage. Investment casting, with its intricate detailing, necessitates meticulous wax removal, while lost wax casting requires expertise in handling molten metal. Despite these challenges, the market continues to grow, driven by increasing demand for durable, lightweight, and cost-effective containers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/