PUBLISHER: TechNavio | PRODUCT CODE: 1425979
PUBLISHER: TechNavio | PRODUCT CODE: 1425979
The metal casting market is forecasted to grow by USD 12.15 bn during 2023-2028, accelerating at a CAGR of 6.22% during the forecast period. The report on the metal casting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
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 growing adoption of x-ray casting increases efficiency in defect recognition, increasing adoption of automation in die casting process, and rise in demand for housing projects.
Technavio's metal casting market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.7% |
CAGR | 6.22% |
Incremental Value | $12.15bn |
By End-user
By Material
By Geographical Landscape
This study identifies the incorporating casting process simulation technology as one of the prime reasons driving the metal casting market growth during the next few years. Also, development of all-in-one 3d printing, casting, and forging technique and growing popularity of latest casting technologies will lead to sizable demand in the market.
The report on the metal casting 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 metal casting market vendors that include Acast, Alcast Co., Alcoa Corp., Benton Foundry Inc., Berkshire Hathaway Inc., Buhler AG, Dawang Steel Castings Co. Ltd., Decatur Foundry Inc., Endurance Technologies Ltd., Form Technologies, Hitachi Ltd., Kurt Manufacturing, Lestercast Ltd., OSCO Industries Inc., Reliance Foundry Co. Ltd, Ryobi Ltd., Shibaura Machine Co. Ltd., Stahl Specialty Co., T.H.T. Presses Inc., and Texmo Precision Castings. Also, the metal casting 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.
Exhibits: