PUBLISHER: TechNavio | PRODUCT CODE: 1395168
PUBLISHER: TechNavio | PRODUCT CODE: 1395168
The non-ferrous castings market is forecasted to grow by USD 21.38 bn during 2023-2028, accelerating at a CAGR of 7.44% during the forecast period. The report on the non-ferrous castings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.47% |
CAGR | 7.44% |
Incremental Value | $21.38bn |
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased simulation-based castings, rise in demand for aluminum, and technological advancements in non-ferrous castings.
Technavio's non-ferrous castings market is segmented as below:
By Type
By Application
By Geographical Landscape
This study identifies the shift from ferrous to non-ferrous casting as one of the prime reasons driving the non-ferrous castings market growth during the next few years. Also, increasing adoption of industry 4.0 and smart manufacturing and increasing demand for magnesium casting will lead to sizable demand in the market.
The report on the non-ferrous castings market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading non-ferrous castings market vendors that include Alcast Co., Alcast Technologies Ltd., CAB Worldwide LLC, Elecon Engineering Co. Ltd., FSE Foundry Ltd., Georg Fischer Ltd., Inova Cast Pvt. Ltd., Kovolit a.s., Leitelt Brothers Inc., Meena Cast Pvt. Ltd., MRT Castings Ltd., Nap Engineering Works, Patriot Foundry and Castings, Rukmani Non- Ferrous Industries, Spectra Cast Pvt. Ltd., Toyota Motor Corp., Vellan Global Engineering, Vesuvius Plc, Voestalpine AG, and Warner Brothers Foundry Co.. Also, the non-ferrous castings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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