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The latest report by IMARC Group, titled “Metal Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global metal casting market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global metal casting market reached a value of US$ 139 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 221.3 Billion by 2027, exhibiting a CAGR of 7.8% during 2022-2027. Metal casting represents the manufacturing process in which molten metal is poured into a hollow container of the desired geometrical shape to form a solidified structure. It aids in producing complex and large-size parts for several industrial applications at a relatively affordable price point. Some reliable and effective metal casting materials include aluminum, steel, copper, gray iron, ductile iron, zinc, etc. In addition to this, metal casting offers various benefits, such as reducing production costs, enhancing environmental quality, improving energy efficiency, creating innovative new cast products, etc. Consequently, it finds wide-ranging applications across numerous industries, including aerospace, construction, transportation, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
Global Metal Casting Market Trends:
The inflating need for lightweight automotive materials is primarily driving the metal casting market. Additionally, the growing product utilization as a cost-efficient source of raw materials in mining and oilfield machinery, pipes and fittings, internal combustion (IC) engines, valves, railroads, farm equipment, etc., is further stimulating the market growth. Apart from this, the implementation of stringent regulations by government bodies across countries that mandate the adoption of energy-efficient materials in the automotive industry is also augmenting the global market. Moreover, the increasing investments in R&D activities to develop computer-based visualization and lost foam casting tools to create alternative means for molding are acting as significant growth-inducing factors. Besides this, the introduction of simulation-based product variants by leading manufacturers to minimize operational costs and wastage is anticipated to fuel the metal casting market over the forecasted period.
Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/metal-casting-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Electric and Hybrid Type:
Key highlights of the Report:
TOC for the Metal Casting Market Research Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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