Metal Casting Market Size, Share, & Trends Analysis Report By Material (Iron, Steel, Aluminum, Others), By Application (Automotive & Transportation, Industrial, Building & Construction, Others), By Region, And Segment Forecasts, 2023

The global metal casting market size is expected to reach USD 210.40 billion by 2030, accelerating at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. Expansion of the construction sector due to infrastructure requirement and housing needs is one of the key drivers for market growth.

An increase in urbanization trend in China and India is a key factor triggering the growth of housing and infrastructure industries. Incentives and funding for first-time home buyers are triggering the growth of building & construction industry. Governments across various countries are offering incentives and funding to meet the housing needs of growing population.

For instance, the Canadian government offers a 5% incentive on the purchase of an existing house for first-time buyers. Similarly, in Germany, under the federal government initiative, around USD 13,400 is granted to first-time buyers under certain criteria. India and China are also recording an increase in industrial output, which is in turn favoring the demand for metal casting. Asia Pacific accounted for the highest volume share of 64.1% in 2018 in the market for metal casting.

Aluminum casting segment is projected to grow at the highest CAGR of 8.7% over the forecast period. As per a report by The Aluminum Association, total aluminum content in vehicles is projected to reach 256 kg per vehicle by 2025, globally. Strict regulations such as Euro 6c emission standards in the European Union are contributing to the growth of the market. It has become necessary for automakers to reduce the weight of vehicles using lightweight materials such as aluminum and magnesium.

Steel segment is anticipated to grow at a moderate CAGR on account of demand from automotive components. As per the World Steel Association, around 900 kg of steel is required per vehicle. Around 34% of steel is used in doors, panels, closures, and body structure parts. The growing usage of advanced high strength steel (AHSS) is projected to create new opportunities for metal casting vendors as it reduces the weight of a vehicle and also enhances fuel efficiency and safety. Many research institutes and private organizations are working on new grades of AHSS. These grades have capabilities to reduce the vehicle weight by 25% to 39% and help achieve 3 to 4.5 tons of greenhouse gas savings over the life cycle of a vehicle.

Metal casting industry faces various challenges including underutilization of capacity, optimization of resources, high energy consumption, stringent norms, and overall effectiveness. Metal casting manufacturers are likely to focus on industrial internet of things (IIoT) over the coming years as IIoT has the potential to control and monitor the temperature of foundries, machinery downtime tracking, and enhance resource management.

Metal Casting Market Report Highlights:

The aluminum segment accounted for the largest revenue share of 38.3% in 2022. The major portion of the demand in this segment is projected to come from emerging markets, especially from the automotive, construction, and oil & gas sectors.
The automotive segment held the largest revenue share of 59.5% in 2022. The global automotive production has been observing gradual yet encouraging growth in global automotive production over recent years.
Asia Pacific dominated the market and accounted for the largest revenue share of 55.4% in 2022. Asia Pacific is characterized by the presence of skilled labor at low cost, which makes it the most lucrative region for manufacturers to set up production facilities.

Product Code: GVR-3-68038-298-3

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
- 1.1.1. Material
- 1.1.2. Application
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
- 2.2.1. Material outlook
- 2.2.2. Application outlook
- 2.2.3. Regional outlook
2.3. Competitive Insights

Chapter 3. Metal Casting Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
3.6. Metal Casting Market Analysis Tools
- 3.6.1. Industry Analysis - Porter's
  - 3.6.1.1. Supplier power
  - 3.6.1.2. Buyer power
  - 3.6.1.3. Substitution threat
  - 3.6.1.4. Threat of new entrant
  - 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
  - 3.6.2.1. Political landscape
  - 3.6.2.2. Technological landscape
  - 3.6.2.3. Economic landscape
  - 3.6.2.4. Social landscape
  - 3.6.2.5. Environmental landscape
  - 3.6.2.6. Legal landscape

Chapter 4. Supplier Portfolio Analysis

4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies

Chapter 5. Metal Casting: Material Estimates & Trend Analysis

5.1. Metal Casting Market: Key Takeaways
5.2. Metal Casting Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Iron
- 5.3.1. Iron market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.4. Steel
- 5.4.1. Steel market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.5. Aluminum
- 5.5.1. Aluminum market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.6. Others
- 5.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)

Chapter 6. Metal Casting: Application Estimates & Trend Analysis

6.1. Metal Casting Market: Key Takeaways
6.2. Metal Casting Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Automotive & Transportation
- 6.3.1. Automotive & transportation market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.4. Industrial
- 6.4.1. Industrial market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.5. Building & Construction
- 6.5.1. Building & construction market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.6. Others
- 6.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)

Chapter 7. Metal Casting Market: Regional Estimates & Trend Analysis

7.1. Regional Outlook
7.2. Metal Casting Market by Region: Key Takeaway
7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.3.2. U.S.
  - 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.3.3. Canada
  - 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.3.4. Mexico
  - 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
7.4. Europe
- 7.4.1. Germany
  - 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.4.2. UK
  - 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.4.3. France
  - 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.4.4. Italy
  - 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.4.5. Spain
  - 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.4.6. Russia
  - 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
7.5. Asia Pacific
- 7.5.1. Japan
  - 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.5.2. China
  - 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.5.3. India
  - 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.5.4. Australia
  - 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.5.5. South Korea
  - 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.5.6. Thailand
  - 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.5.7. Indonesia
  - 7.5.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.5.8. Malaysia
  - 7.5.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
7.6. Central & South America
- 7.6.1. Brazil
  - 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
7.7. MEA
- 7.7.1. Saudi Arabia
  - 7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.7.2. South Africa
  - 7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.7.3. UAE
  - 7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
- 7.7.4. Nigeria
  - 7.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
- 8.2.1. POSCO
  - 8.2.1.1. Company overview
  - 8.2.1.2. Financial performance
  - 8.2.1.3. Product benchmarking
  - 8.2.1.4. Strategic initiatives
- 8.2.2. Dynacast
  - 8.2.2.1. Company overview
  - 8.2.2.2. Financial performance
  - 8.2.2.3. Product benchmarking
  - 8.2.2.4. Strategic initiatives
- 8.2.3. Arconic
  - 8.2.3.1. Company overview
  - 8.2.3.2. Financial performance
  - 8.2.3.3. Product benchmarking
  - 8.2.3.4. Strategic initiatives
- 8.2.4. Ryobi Limited
  - 8.2.4.1. Company overview
  - 8.2.4.2. Financial performance
  - 8.2.4.3. Product benchmarking
  - 8.2.4.4. Strategic initiatives
- 8.2.5. Endurance Technologies Limited
  - 8.2.5.1. Company overview
  - 8.2.5.2. Financial performance
  - 8.2.5.3. Product benchmarking
  - 8.2.5.4. Strategic initiatives
- 8.2.6. Alcast Technologies
  - 8.2.6.1. Company overview
  - 8.2.6.2. Financial performance
  - 8.2.6.3. Product benchmarking
  - 8.2.6.4. Strategic initiatives
- 8.2.7. UNI Abex
  - 8.2.7.1. Company overview
  - 8.2.7.2. Financial performance
  - 8.2.7.3. Product benchmarking
  - 8.2.7.4. Strategic initiatives
- 8.2.8. MES, Inc.
  - 8.2.8.1. Company overview
  - 8.2.8.2. Financial performance
  - 8.2.8.3. Product benchmarking
  - 8.2.8.4. Strategic initiatives
- 8.2.9. CALMET
  - 8.2.9.1. Company overview
  - 8.2.9.2. Financial performance
  - 8.2.9.3. Product benchmarking
  - 8.2.9.4. Strategic initiatives
- 8.2.10. Hitachi, Ltd.
  - 8.2.10.1. Company overview
  - 8.2.10.2. Financial performance
  - 8.2.10.3. Product benchmarking
  - 8.2.10.4. Strategic initiatives

Product Code: GVR-3-68038-298-3

List of Tables

Table 1 List of Abbreviation
Table 2 North America metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 3 North America metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 4 North America metal casting market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 5 U.S. metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 6 U.S. metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 7 Canada metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 8 Canada metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 9 Mexico metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 10 Mexico metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 11 Europe metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 12 Europe metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 13 Europe metal casting market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 14 Germany metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 15 Germany metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 16 UK metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 17 UK metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 18 France metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 19 France metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 20 Italy metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 21 Italy metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 22 Spain metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 23 Spain metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 24 Russia metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 25 Russia metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 26 Asia Pacific metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 27 Asia Pacific metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 28 Asia Pacific metal casting market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 29 China metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 30 China metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 31 Japan metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 32 Japan metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 33 India metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 34 India metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 35 Australia metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 36 Australia metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 37 Thailand metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 38 Thailand metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 39 South Korea metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 40 South Korea metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 41 Indonesia metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 42 Indonesia metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 43 Malaysia metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 44 Malaysia metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 45 Central & South America metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 46 Central & South America metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 47 Central & South America metal casting market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 48 Brazil metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 49 Brazil metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 50 Middle East and Africa metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 51 Middle East and Africa metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 52 Middle East and Africa metal casting market, by region, 2018 - 2030 (USD Million, Kilotons)
Table 53 South Africa metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 54 South Africa metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 55 Saudi Arabia metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 56 Saudi Arabia metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 57 UAE metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 58 UAE metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)
Table 59 Nigeria metal casting market, by material, 2018 - 2030 (USD Million, Kilotons)
Table 60 Nigeria metal casting market, by application, 2018 - 2030 (USD Million, Kilotons)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Metal casting: Market outlook
Fig. 9 Metal casting: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Metal casting market driver impact
Fig. 15 Metal casting market restraint impact
Fig. 16 Metal casting market strategic initiatives analysis
Fig. 17 Metal casting market: Material movement analysis
Fig. 18 Metal casting market: Material outlook and key takeaways
Fig. 19 Iron market estimates and forecasts, 2018 - 2030
Fig. 20 Steel market estimates and forecasts, 2018 - 2030
Fig. 21 Aluminum market estimates and forecasts, 2018 - 2030
Fig. 22 Others market estimates and forecasts, 2018 - 2030
Fig. 23 Metal casting market: Application movement analysis
Fig. 24 Metal casting market: Application outlook and key takeaways
Fig. 25 Automotive & transportation market estimates and forecasts, 2018 - 2030
Fig. 26 Industrial market estimates and forecasts, 2018 - 2030
Fig. 27 Building & construction market estimates and forecasts, 2018 - 2030
Fig. 28 Others market estimates and forecasts, 2018 - 2030
Fig. 29 Global metal casting market: Regional movement analysis
Fig. 30 Global metal casting market: Regional outlook and key takeaways
Fig. 31 North America market estimates and forecasts, 2018 - 2030
Fig. 32 U.S. market estimates and forecasts, 2018 - 2030
Fig. 33 Canada market estimates and forecasts, 2018 - 2030
Fig. 34 Mexico market estimates and forecasts, 2018 - 2030
Fig. 35 Europe market estimates and forecasts, 2018 - 2030
Fig. 36 UK market estimates and forecasts, 2018 - 2030
Fig. 37 Germany market estimates and forecasts, 2018 - 2030
Fig. 38 France market estimates and forecasts, 2018 - 2030
Fig. 39 Italy market estimates and forecasts, 2018 - 2030
Fig. 40 Spain market estimates and forecasts, 2018 - 2030
Fig. 41 Russia market estimates and forecasts, 2018 - 2030
Fig. 42 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 43 Japan market estimates and forecasts, 2018 - 2030
Fig. 44 China market estimates and forecasts, 2018 - 2030
Fig. 45 India market estimates and forecasts, 2018 - 2030
Fig. 46 Australia market estimates and forecasts, 2018 - 2030
Fig. 47 South Korea market estimates and forecasts, 2018 - 2030
Fig. 48 Thailand market estimates and forecasts, 2018 - 2030
Fig. 49 Indonesia market estimates and forecasts, 2018 - 2030
Fig. 50 Malaysia market estimates and forecasts, 2018 - 2030
Fig. 51 Central & South America market estimates and forecasts, 2018 - 2030
Fig. 52 Brazil market estimates and forecasts, 2018 - 2030
Fig. 53 Middle East and Africa. market estimates and forecasts, 2018 - 2030
Fig. 54 Saudi Arabia market estimates and forecasts, 2018 - 2030
Fig. 55 South Africa market estimates and forecasts, 2018 - 2030
Fig. 56 UAE market estimates and forecasts, 2018 - 2030
Fig. 57 Nigeria market estimates and forecasts, 2018 - 2030

Metal Casting Market Size, Share, & Trends Analysis Report By Material (Iron, Steel, Aluminum, Others), By Application (Automotive & Transportation, Industrial, Building & Construction, Others), By Region, And Segment Forecasts, 2023 - 2030

Description

Table of Contents

List of Tables

Metal Casting Market Growth & Trends:

Metal Casting Market Report Highlights:

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Metal Casting Market Variables, Trends & Scope

Chapter 4. Supplier Portfolio Analysis

Chapter 5. Metal Casting: Material Estimates & Trend Analysis

Chapter 6. Metal Casting: Application Estimates & Trend Analysis

Chapter 7. Metal Casting Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Landscape

List of Tables

List of Figures