Non-ferrous Castings Market Size to Grow by 8223.30 th MT through 2020-2024

The non-ferrous castings market is expected to grow by 8223.30 th MT, accelerating at a CAGR of almost 6% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Non-ferrous Castings Market: Segmentation by Type

This report provides a detailed analysis of the market by Type (Aluminum, Copper, Zinc, Magnesium, and Others), Application (Automobiles, Electrical and construction, Industrial machinery, and Others), and Geography (APAC, North America, Europe, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Non-ferrous Castings Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alcoa Corp., Berkshire Hathaway Inc., Form Technologies, Georg Fischer Ltd., Hitachi Metals Ltd., MAGMA Giessereitechnologie GmbH, Minerals Technologies Inc., Schuler AG, Toyota Motor Corporation, and voestalpine AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.