North America and Europe Metal Casting Market Size and Forecasts, Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type, Process, and Application

Description

List of Tables

The North America and Europe metal casting market size was valued at US$ 22.37 billion in 2022 and is projected to reach US$ 34.00 billion by 2030; it is expected to grow at a CAGR of 5.6% from 2022 to 2030.

Metal casting manufacturers focus on expanding their product portfolio and targeting new customer base through geographical expansion strategies. Diversification in terms of geography reduces the company's dependency on specific location for revenue generation and mitigates risk associated with market fluctuation. Companies seek opportunities to expand their geographic presence in several locations in North America and Europe. In 2021, Kent Foundry planned a US$ 3.5 million expansion project to manufacture gray and ductile iron castings in the US. In 2021, Brinco Planning Indiana steel foundry announced plans to open a steel casting plant in Indiana, US, with an investment of US$ 35 million. The plant is aimed to produce rail components. In 2021, The CA Lawton Co acquired Penn-Mar, a gray and ductile iron foundry in Pennsylvania, the US. Penn-Mar manufactures multi-cored, gray, and ductile iron castings ranging from 68 to 2,268 kgs. In 2021, Neenah Enterprises acquired an 18.7-acre manufacturing facility for US Foundry & Manufacturing Corp, for US$ 17.43 million, in Florida, the US. Further, collaborative efforts with research institutions, universities, and other companies allowed metal casting businesses to access expertise and develop novel solutions. In 2021, Qualcomm, a semiconductor supplier, announced interest in working in partnership with foundries in Europe, if incentive programs to drive automotive chip production in Europe attract the right partners. Therefore, strategic expansion strategies by several market players are expected to create lucrative opportunities in the North America and Europe metal casting market during the forecast period.

The North America and Europe metal casting market has been segmented based on product type into carbon steel alloys, stainless steel alloys, and aluminum alloys. The aluminum alloys held the largest share in the North America and Europe metal casting market in 2022. Stainless steel segment is another attractive segment in North America and Europe metal casting market. Stainless steel alloy is the most suitable choice for investment casting applications for corrosion resistance and high strength. The alloy is used to create components for various industries, including aerospace, petrochemical, medical, automotive, and food & dairy.

Based on region, the North America and Europe metal casting market has been segmented into the Asia Pacific and Middle East & Africa. In 2022, Europe held the largest revenue share of the North America and Europe metal casting market. Italy, Germany, and Turkey are three major producers of light-metal castings, accounting for 61.2% of total production. In Finland, the production of castings increased by 9% in 2021 compared to 2020. The ferrous and nonferrous metal foundries produced 1.56 million metric tons in 2021 compared to 1.39 million metric tons in 2020. German mechanical companies reported a growth of 32% in 2021 compared to 2020. The construction sector in Germany recorded significant growth and reached US$ 158.55 billion in 2021. Thus, constant developments in construction, mechanical engineering, and metal casting companies in Europe are expected to create lucrative opportunities for the metal casting market in the region over the coming years.

ArcelorMittal SA, Posco Holdings Inc, Alcoa Corp, Lucchini RS SpA, RYOBI Aluminium Casting (UK) Ltd, Allard-Europe NV, FONDERIA AUGUSTA Srl, MEDEKO CAST Sro, Tycon Alloy Industries (HongKong) Co Ltd, Novacast Ltd, Lestercast Ltd, Dean Group International Ltd, Hadleigh Castings Ltd, Tritech Group Ltd, and Aeromet International Ltd are some of the major players operating in the North America and Europe metal casting market. Players operating in the North America and Europe metal casting market are adopting different strategies, such as investments in research and development activities and new product launches, to stand out as strong competitors in the market. Market players are highly focused towards the development of high quality and innovative product offerings to fulfil the customer's requirements.

The size of overall North America and Europe metal casting market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America and Europe metal casting market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America and Europe metal casting market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America and Europe metal casting market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America and Europe market trends and outlook coupled with the factors driving the metal casting market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: TIPRE00030023

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness
- 2.2.1 Market Attractiveness for North America
- 2.2.2 Market Attractiveness for Europe

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Metal Casting Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 List of Potential Customers
4.4 Ecosystem Analysis
- 4.4.1 Raw Material Suppliers:
- 4.4.2 Manufacturers:
- 4.4.3 Distributors or Suppliers:
- 4.4.4 End Use Industry:

5. North America and Europe Metal Casting Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Automotive and Construction Industry
- 5.1.2 Rising Demand for Industrial Machineries
5.2 Market Restraints
- 5.2.1 Availability of Metal Casting Alternatives
5.3 Market Opportunities
- 5.3.1 Strategic Expansion Activities
5.4 Future Trends
- 5.4.1 Advancements in Casting Technologies
5.5 Impact Analysis

6. Metal Casting Market - North America and Europe Market Analysis

6.1 Metal Casting Market Revenue (Kilo Tons)
6.2 Metal Casting Market Revenue (US$ Million)
6.3 Metal Casting Market Forecast and Analysis

7. Metal Casting Market Analysis - Product Type

7.1 Carbon Steel Alloys
- 7.1.1 Overview
- 7.1.2 Carbon Steel Alloys Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Stainless Steel Alloys
- 7.2.1 Overview
- 7.2.2 Stainless Steel Alloys Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.3 Aluminum Alloys
- 7.3.1 Overview
- 7.3.2 Aluminum Alloys Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)

8. Metal Casting Market Analysis - Process

8.1 Sand Casting
- 8.1.1 Overview
- 8.1.2 Sand Casting Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Investment Casting
- 8.2.1 Overview
- 8.2.2 Investment Casting Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Gravity Die Casting
- 8.3.1 Overview
- 8.3.2 Gravity Die Casting Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others Market, Revenue and Forecast to 2030 (US$ Million)

9. Metal Casting Market Analysis - Application

9.1 Automotive
- 9.1.1 Overview
- 9.1.2 Automotive Market, Revenue, and Forecast to 2030 (US$ Million)
9.2 Aerospace
- 9.2.1 Overview
- 9.2.2 Aerospace Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Marine
- 9.3.1 Overview
- 9.3.2 Marine Market Revenue and Forecast to 2030 (US$ Million)
9.4 Building and Construction
- 9.4.1 Overview
- 9.4.2 Building and Construction Market Revenue and Forecast to 2030 (US$ Million)
9.5 Oil and Gas
- 9.5.1 Overview
- 9.5.2 Oil and Gas Market Revenue and Forecast to 2030 (US$ Million)
9.6 Industrial Machinery
- 9.6.1 Overview
- 9.6.2 Industrial Machinery Market Revenue and Forecast to 2030 (US$ Million)
9.7 Others
- 9.7.1 Overview
- 9.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)

10. Metal Casting Market - Geographical Analysis

10.1 North America
- 10.1.1 North America Metal Casting Market Overview
- 10.1.2 North America Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
- 10.1.3 North America Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
- 10.1.4 North America Metal Casting Market Breakdown by Product Type
  - 10.1.4.1 North America Metal Casting Market Volume and Forecasts and Analysis - By Product Type
  - 10.1.4.2 North America Metal Casting Market Revenue and Forecasts and Analysis - By Product Type
- 10.1.5 North America Metal Casting Market Breakdown by Process
  - 10.1.5.1 North America Metal Casting Market Revenue and Forecasts and Analysis - By Process
- 10.1.6 North America Metal Casting Market Breakdown by Application
  - 10.1.6.1 North America Metal Casting Market Revenue and Forecasts and Analysis - By Application
- 10.1.7 North America Metal Casting Market Revenue and Forecasts and Analysis - By Countries
  - 10.1.7.1 Metal casting market Breakdown by Country
  - 10.1.7.2 US Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.1.7.3 US Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.7.3.1 US Metal Casting Market Breakdown by Product Type
    - 10.1.7.3.2 US Metal Casting Market Breakdown by Product Type
    - 10.1.7.3.3 US Metal Casting Market Breakdown by Process
    - 10.1.7.3.4 US Metal Casting Market Breakdown by Application
  - 10.1.7.4 Canada Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.1.7.5 Canada Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.7.5.1 Canada Metal Casting Market Breakdown by Product Type
    - 10.1.7.5.2 Canada Metal Casting Market Breakdown by Product Type
    - 10.1.7.5.3 Canada Metal Casting Market Breakdown by Process
    - 10.1.7.5.4 Canada Metal Casting Market Breakdown by Application
  - 10.1.7.6 Mexico Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.1.7.7 Mexico Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.1.7.7.1 Mexico Metal Casting Market Breakdown by Product Type
    - 10.1.7.7.2 Mexico Metal Casting Market Breakdown by Product Type
    - 10.1.7.7.3 Mexico Metal Casting Market Breakdown by Process
    - 10.1.7.7.4 Mexico Metal Casting Market Breakdown by Application
10.2 Europe
- 10.2.1 Europe Metal Casting Market Overview
- 10.2.2 Europe Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
- 10.2.3 Europe Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
- 10.2.4 Europe Metal Casting Market Breakdown by Product Type
  - 10.2.4.1 Europe Metal Casting Market Volume and Forecasts and Analysis - By Product Type
  - 10.2.4.2 Europe Metal Casting Market Revenue and Forecasts and Analysis - By Product Type
- 10.2.5 Europe Metal Casting Market Breakdown by Process
  - 10.2.5.1 Europe Metal Casting Market Revenue and Forecasts and Analysis - By Process
- 10.2.6 Europe Metal Casting Market Breakdown by Application
  - 10.2.6.1 Europe Metal Casting Market Revenue and Forecasts and Analysis - By Application
- 10.2.7 Europe Metal Casting Market Revenue and Forecasts and Analysis - By Countries
  - 10.2.7.1 Metal casting market Breakdown by Country
  - 10.2.7.2 Germany Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.2.7.3 Germany Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.2.7.3.1 Germany Metal Casting Market Breakdown by Product Type
    - 10.2.7.3.2 Germany Metal Casting Market Breakdown by Product Type
    - 10.2.7.3.3 Germany Metal Casting Market Breakdown by Process
    - 10.2.7.3.4 Germany Metal Casting Market Breakdown by Application
  - 10.2.7.4 France Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.2.7.5 France Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.2.7.5.1 France Metal Casting Market Breakdown by Product Type
    - 10.2.7.5.2 France Metal Casting Market Breakdown by Product Type
    - 10.2.7.5.3 France Metal Casting Market Breakdown by Process
    - 10.2.7.5.4 France Metal Casting Market Breakdown by Application
  - 10.2.7.6 UK Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.2.7.7 UK Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.2.7.7.1 UK Metal Casting Market Breakdown by Product Type
    - 10.2.7.7.2 UK Metal Casting Market Breakdown by Product Type
    - 10.2.7.7.3 UK Metal Casting Market Breakdown by Process
    - 10.2.7.7.4 UK Metal Casting Market Breakdown by Application
  - 10.2.7.8 Italy Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.2.7.9 Italy Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.2.7.9.1 Italy Metal Casting Market Breakdown by Product Type
    - 10.2.7.9.2 Italy Metal Casting Market Breakdown by Product Type
    - 10.2.7.9.3 Italy Metal Casting Market Breakdown by Process
    - 10.2.7.9.4 Italy Metal Casting Market Breakdown by Application
  - 10.2.7.10 Russia Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.2.7.11 Russia Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.2.7.11.1 Russia Metal Casting Market Breakdown by Product Type
    - 10.2.7.11.2 Russia Metal Casting Market Breakdown by Product Type
    - 10.2.7.11.3 Russia Metal Casting Market Breakdown by Process
    - 10.2.7.11.4 Russia Metal Casting Market Breakdown by Application
  - 10.2.7.12 Rest of Europe Metal Casting Market Volume and Forecasts to 2030 (Kilo Tons)
  - 10.2.7.13 Rest of Europe Metal Casting Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.2.7.13.1 Rest of Europe Metal Casting Market Breakdown by Product Type
    - 10.2.7.13.2 Rest of Europe Metal Casting Market Breakdown by Product Type
    - 10.2.7.13.3 Rest of Europe Metal Casting Market Breakdown by Process
    - 10.2.7.13.4 Rest of Europe Metal Casting Market Breakdown by Application

11. Impact of COVID-19 Pandemic on North America and Europe Metal Casting Market

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition

14. Company Profiles

14.1 Lucchini RS SpA
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Posco Holdings Inc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 ArcelorMittal SA
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Alcoa Corp
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 RYOBI Aluminium Casting (UK) Ltd
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Allard-Europe NV
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 FONDERIA AUGUSTA Srl
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 MEDEKO CAST Sro
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Tycon Alloy Industries (HongKong) Co Ltd
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Novacast Ltd
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix