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 creating reliable, high-precision, and cost-effective components. By utilizing casting simulation software, operators can enhance casting yield, reduce processing time, and easily detect and eliminate defects. This approach optimizes the feed ability of the casting process, aligning with the stringent requirements of the automotive industry. As the demand for defect-free cast parts with precise dimensions grows, simulation-based casting solutions are increasingly adopted to meet these needs, offering significant economic benefits. 

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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 Sand Casting, utilizing sand molds, for creating components from materials such as Aluminum casting and Gray Iron metal. Lightweight vehicles, including automotive components and aerospace parts, are key applications. Recyclable Aluminum casting, a focus for sustainability, offers benefits like Fuel Efficiency and reduced environmental impact. Advanced techniques, such as 3D metal shaping, 3D printing, and Precision Casting, enable flexible designing and Rapid Prototyping. Industries like Automotive, Aerospace, Construction, and Industrial Machinery rely on this market for strong, lightweight parts, with a focus on Defect Recognition and Sustainable Productionization.

Market Research Overview

In the metal casting market, the production process involves various stages, including the procurement of raw materials from suppliers, such as those providing metal, glass, and plastic container raw materials like aluminum, steel, 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). The R&D sector designs and develops the desired products, while manufacturers produce these products on a large scale to meet market demands. Distribution channels ensure the end-use sectors, including the automotive industry, particularly lightweight vehicles, receive these materials for casting, ultimately contributing to the growth of the metal casting market.. 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/