Metal Casting Market Overview and Scope 2019 to 2026 | Nemak (Mexico), Rheinmetall Automotive (Germany), Ryobi Limited (Japan) etc.

Metal Casting Market Snapshot:

Global metal casting market was valued at USD 18.81 million in 2018 and is expected to reach USD 37.18 million by 2026 at a CAGR of 8.89 % during the forecast period, 2019–2026.

Metal casting market is growing with the tremendous rate as there is imminent demand from emerging sectors. Metal castings is used in wide array of industries such as transport, heavy equipment, machine tools, plant machinery, defense, electrical equipment machines, hardware, household, art objects, and others. Transport and heavy equipments are the predominant consumers for metal casting market, such that producing 50% of the casting. Moreover, a body assembly component in vehicle manufacturing is the key growth factor for the metal casting market.

With the increasing adoption of X-ray casting defect recognition system, the global metal casting market is expected to witness significant growth during the forecast period, 2019–2026. Furthermore, the technology such as digital imaging and digital radiography allow process inspector to detect any casting error, which is likely to push the metal casting market growth. As per the U.S. Department of Energy, the use of lightweight casting materials namely magnesium and aluminium alloy can reduce the weight of body & frame up to 50%. This is further helping the manufacturers to meet the stringent emission and fuel efficiency targets set by the European Union (EU) and the U.S. Environmental Protection Agency (EPA).

Increasing vehicle production, rising demand for light weight vehicles, and growing stringency in emission & fuel efficiency guidelines are projected to drive the metal casting market growth during the forecast period. According to the International Organization of Motor Vehicle Manufacturers, over 97.3 million vehicles were produced in 2017, which is expected to increase in the near future.

Asia Pacific is expected to lead global metal casting market in 2017 owing to increasing production of passenger cars and electric vehicles. China is likely to hold leading automobile market in vehicle production as well as sales. According to International Organization of Motor Vehicle Manufacturers (OICA), China, along with Japan and India, accounted approximately 44% of the global vehicle production in 2016. Furthermore, as per the World Bank statistics, the per capita income in China and India increased by almost 68% and 14%, respectively from 2010 to 2015. The rise in income is expected to raise the sales of medium and premium end vehicles, which in turn would boost the demand for aluminium and magnesium cast components in the region.

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The Major Prominent Players Covered in this Report:
Nemak (Mexico), Rheinmetall Automotive (Germany), Ryobi Limited (Japan), Alcoa Corporation (U.S.)G-F- Automotive (CA), Dynacast (U.S.), Endurance (India), Ahresty Wilmington Corporation (Japan), GIBBS (U.S.), Aisin Automotive Casting (U.S.),and THOSHIBA MACHINE Co. LTD (Japan). & More.

By Process,Gravity, High pressure die casting (HPDC), Low pressure die casting (LPDC), Sand casting,
By Application, Body assembly, Engine parts, Transmission parts, Medical Devices, Other,
By Material Type, Aluminium, Cast iron, Magnesium, Zinc, Others,
By Components, Alloy wheels, Battery housing, Cross car beam, Clutch casing, Crank cases, Cylinder heads, Engine block, Differential cover housing, Engine mount, Flywheel housing, Front door and rear door frame, Exhaust & intake manifold, Gearbox housing, Ignition & lock housing, Transmission housing & turbocharger housing, Others,

The report is a valued asset for the active players, new participants, and future investors, and provides a comprehensive assessment across regions such as:

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Metal Casting in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Metal Casting market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Metal Casting and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Metal Casting. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Metal Casting market growth rate?
What are the key factors driving the global Metal Casting market?
Who are the key manufacturers in the Metal Casting market space?
What are the market opportunities, market risk, and market overview of the Metal Casting market?
What are sales, revenue, and price analysis of top manufacturers of the Metal Casting market?
Who are the distributors, traders, and dealers of the Metal Casting market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Metal Casting Industry?
What are sales, revenue, and price analysis by regions of Metal Casting industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Metal Casting Market Trends:
- The report identifies, determines, and forecasts the Global Metal Casting Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Metal Casting Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Metal Casting Market.

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This release was published on openPR.