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 detect and eliminate defects, thereby optimizing the overall casting process. This trend is particularly significant in the automotive industry, where exact dimensions, weight, and shape are essential for cast parts. Integrating simulation-based casting solutions into offerings is becoming mandatory to meet the stringent requirements of end-users. The economic justification for casting simulation lies in its ability to improve product quality, reduce scrap rates, and streamline manufacturing processes. 

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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 encompasses various processes like Die Casting and Sand Mold Casting, with a focus on Regulations and Lightweight Vehicles. Aluminum Casting, using recyclable materials, is prominent, featuring Grey Iron Metal, Aluminum, and Cut-Out Moulds. 3D Metal Shaping through techniques such as 3D Printing, Silicone, and Plastics, is revolutionizing industries. Flexible Designing and Rapid Prototyping offer Lightweight, Strong Parts, while Waste Minimization ensures Cost-Effectiveness. Applications range from Lamp Poles to Automotive Components.

Market Research Overview

The metal casting market is characterized by a complex supply chain structure, encompassing various stakeholders from raw material suppliers to end-users. In this sector, metal casting processes such as die casting and sand molding are employed to manufacture products from metals like cast iron, grey iron, and aluminum alloys. Regulatory compliance is paramount, particularly in the production of lightweight vehicles, leading to a growing demand for recyclable materials, notably aluminum casting. Suppliers play a crucial role, providing raw materials including steel, aluminum, and cast iron, as well as glass and plastic container raw materials like borosilicate glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC).. 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/