Global Automotive Metal Casting Market Overview
Introduction:
Metal casting is the process of pouring molten metal into a blank. The metal given by the mold of this shape is then cooled and hardened. Casting is a less expensive way to produce a part than machining a part from a solid metal piece. Aluminum, magnesium and copper alloys is the common casting metals. Other materials include tin, zinc, and lead alloys, and iron and steel are also cast in graphite molds. Metal castings are integral to virtually all US manufacturing activities. U.S. In, casting is used to make 90% of all manufactured durable goods and almost all manufacturing machinery. Metal casting is a manufacturing process in which molten or liquid metal is poured into molds of sand, metals or ceramics to form geometrically complex parts or components. Metal cast products are primarily used in industry sectors including automotive, building and construction, mining and heavy equipment, with the automotive industry being a major customer. Due to the increasing use of casting due to its light weight properties and the aesthetic appeal it offers, the demand for aluminum casting is increasing in the construction market. Growing demand for pans, pots, pans, engines, piping, and automotive are the growth factors for the metal casting market.
|
Attributes |
Details |
|
Global Automotive Metal Casting Market Value (2022) |
US$ 131.6 Bn |
|
Global Automotive Metal Casting Market Projected Value(2032) |
US$ 222.45 Bn |
|
Global Automotive Metal Casting Market CAGR (2022-2032) |
5.4% |
Global Automotive Metal Casting Market Dynamics
Increasing demand for Aluminum metals and rising vehicle production
The growth of the global metal casting market is driven by increasing demand for metals such as aluminum and magnesium in key end-use industries such as automotive, aerospace & defense and building and construction, primarily automotive. Increasing vehicle production, growing demand for medium and premium segment vehicles and lack of alternative manufacturing processes and growing demand for pans, pots, pans, engines, piping and automotive are driving the growth of this market. Also the use of casting is driving the demand for aluminum casting in the metal casting market due to its light weight properties and aesthetic appeal.
Restrains:
Corrosion of iron and zinc metal castings
Among the various processes used in die casting, die casting is one of the most widely used methods for manufacturing metal products. The die-casting process is energy-intensive and can only be cost-effective when there is significant production of die-cast components. Consumer spending has increased significantly worldwide due to increasing urbanization and new employment opportunities. These factors are expected to drive the automotive metal casting market. However, corrosion of iron and zinc metal castings is expected to be one of the major restraints in the automotive metal casting market.
Technological advancement
Manufacturers involved in the global automotive metal casting market are developing advanced versions of their products due to new age technological advancements. Heavy investment in research and development enables manufacturers in the region to develop new techniques and products to tap into future market trends. Due to the expansion of 4G network and intense efforts to launch 5G network, the demand for die casting in the telecom industry is increasing. Continuous advancements in technology related to casting automation will also drive the market for die casting in the coming years. Skilled labor is required to handle the products during transportation, which increases the overall cost of metal cast products. Continuous technological advancements in manufacturing quality products require huge investment in R&D. Technological developments in the automotive sector are increasing the demand for automotive products. In September 2022, Prospects for a next-generation integrated die-casting industry based on new energy vehicle development trends. At the Automotive Large Integrated Die-Casting Industry Development Forum, Tang Rensong, Assistant General Manager of Ningbo LK Technology Co., Ltd., presented in detail the current integrated die-casting unit products and their practical applications. At the same time, he expressed his views on the potential of a next-generation integrated die-casting industry based on the development trend of new energy vehicles.
Global Automotive Metal Casting Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Global Automotive Metal Casting Market is segmented based on type, process, application and region.
Global Automotive Metal Casting Market, By Type
On the basis of type, the Global Automotive Metal Casting Market is segmented into Aluminum Casting, Cast Iron, Magnesium Casting, and Zinc Casting. Cast iron is an alloy containing metals such as silicon, carbon, manganese, sulfur and phosphorus. Zinc die casting and aluminum die casting are two of the most popular processes for manufacturing automobile casting equipment. Metal casting can produce objects with complex shapes and is cheaper than other manufacturing processes for medium to large volume production castings. Aluminum casting is a metal casting process in which molten aluminum is poured into sand or metal molds to create parts. Zinc casting refers to the process of producing zinc-based parts by pouring molten zinc into preformed or permanent molds made of steel or graphite.
Global Automotive Metal Casting Market, By Process
On the basis of Process, the target market is classified into Gravity, High & Low Pressure, and Sand Casting. In terms of process, the automotive metal casting market can be classified into gravity, high and low pressure and sand casting. Processes mentioned in the report include vacuum casting, die casting, sand casting, gravity casting, shell mold casting and others. Sand casting is one of the most widely used metal casting processes because it involves less cost and Facilitates the production of various automobile components including impellers, engine blocks, support beams, manifolds, machine tool bases, cylinder heads, valves and pump housings.
Global Automotive Metal Casting Market, By Application
On the basis of application, the target market is classified into Body Assembly, Engine, and Transmission. On the basis of application, the market is segmented into automotive and transportation, building and construction, industrial and others. Automotive and transportation was the largest metal casting application segment, with global automotive production witnessing a slow but positive trend over the past few years. According to the World Association of Automobile Manufacturers, global automotive production grew by 2.3%. The use of aluminum to reduce weight will continue to be an important factor for vehicle manufacturers and marketers to consider.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Global Automotive Metal Casting Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In Asia Pacific, The automotive metal casting market is currently booming in the Asia Pacific region. Rapidly growing vehicle production in the region is one of the primary driving factors besides the Asia Pacific region witnessing a global shift that provides opportunities for major manufacturers in the market in the form of tax cuts and government subsidies. Availability of cheap labor in the region is also an important factor in the automotive metal casting market.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2022 |
|
Forecast period |
2022 – 2032 |
|
Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
|
Market Segmentation |
By Type - Aluminum Casting, Cast Iron, Magnesium Casting, and Zinc Casting By Process - Gravity, High & Low Pressure, and Sand Casting By Application - Body Assembly, Engine, and Transmission |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Recent Development:
- In September 2022, CASTING METAL WITH A MICROWAVE AND VACUUM CLEANER, Metalworking can conjure up images of large furnaces fired by coal, wood, or electricity, with molten metal sloshing around and visible in its crucible. But doing metalwork at home doesn't require anything fancier than a microwave.
- In September 2022, A New Post-Process Method to Make Better Casting Molds After Binder Jetting. Developing techniques to reduce the unsteady load of binder jetting molds, which increases their applicability for metal casting, is interesting because of the narrow range of allowable variations in binder levels. While binder jetting has been successfully applied in fields such as aeronautics and biomedicine, substantial efforts are being made to apply it to the foundry industry due to the cost and time reductions it can enable.
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Global Automotive Metal Casting Market report based on type, process application, and region:
Global Automotive Metal Casting Market, By Type:
- Aluminum Casting
- Cast Iron
- Magnesium Casting
- Zinc Casting
Global Automotive Metal Casting Market, By Process:
- Gravity
- High & Low Pressure
- Sand Casting
Global Automotive Metal Casting Market, By Application:
- Body Assembly
- Engine
- Transmission
Global Automotive Metal Casting Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Global Automotive Metal Casting Market Key Players
The key players operating the Global Automotive Metal Casting Market includes
- Endurance Technologies Limited Endurance is a leading auto component manufacturer expanding globally. Endurance Technology is India's largest aluminum die-casting company and is India's largest 2 and 3 wheeler component manufacturer.
- GF Casting Solutions AG It is one of the leading solution providers of lightweight components in the mobility and energy industries. As a future-oriented company, GF Casting Solutions acts as a driving force for innovation in the foundry and additive manufacturing world and aims to take the lead in developing and manufacturing innovative and energy efficient lightweight solutions, empowering sustainable mobility.
- Ryobi limited Ryobi Aluminum Casting (UK) Ltd is a world class supplier of innovative, high quality, technologically complex automotive components.Apart from a competitive salary, the Ryobi benefits package includes generous employer pension contribution, health cash scheme and discount scheme, life assurance, service-related holidays, employee assistance programme, company sick pay as per policy, free car parking, learning and development opportunities and support, ride to work scheme, childcare vouchers and service awards.
- Dynacast a Form Technologies company, is a leading global manufacturer of small engineered precision components using proprietary multi-slide die casting technology and tooling techniques.
- Precision Castparts Corp PCC produces the largest diameter investment castings in the world (76" diameter). PCC Metals develops over 75% of the nickel alloys used in the oil and gas industry. PCC's largest milling machine is the length of a football field.
- GIBBS is a manufacturer of precision die-cast, machined and assembled products for the automotive industry. Unique in the die-casting industry, Gibbs specializes in both vertical and horizontal die-cast processes that provide the flexibility to meet a wide range of customer needs at competitive prices.
- Alcast Technologies Industry-leading technology and metal casting training resources are used to manage and manufacture products that serve a wide variety of markets, from general industrial to military and aerospace applications.
- Ahresty Wimington Corporation the Company established an efficient integrated production system that includes die-casting, finishing, machining and assembly operations using just-in-time manufacturing methods to provide customers with quality products at competitive prices.
- Forcebeyond ForceBeyond, headquartered in New Castle, Delaware, is a total solution provider including engineering design, product development, manufacturing and logistics.
- Reliance Foundry Coke Ltd. Reliance Foundry Co. Ltd. Delivers high-quality stock and custom-designed products for architectural site furnishings, traffic management and industrial applications. Since 1925, Reliance Foundry has built a long tradition of metal casting expertise to become an award-winning supplier of high-profile and everyday needs throughout North America.
Global Automotive Metal Casting Market Company Profile
- Endurance Technologies Limited*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GF Casting Solutions AG
- Ryobi limited
- Dynacast
- Precision Castparts Corp
- GIBBS
- Alcast Technologies
- Ahresty Wimington Corporation
- Force beyond
Reliance Foundry Coke Ltd.
Global Automotive Metal Casting Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Process
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Automotive Metal Casting Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Aluminum Casting
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Cast Iron
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Magnesium Casting
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Zinc Casting
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Automotive Metal Casting Market, By Process
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Gravity
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- High & Low Pressure
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Sand Casting
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Automotive Metal Casting Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Body Assembly
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Engine
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Transmission
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Automotive Metal Casting Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Process, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Process, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Process, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Process, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Process, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Endurance Technologies Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GF Casting Solutions AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ryobi limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dynacast
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Precision Castparts Corp
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GIBBS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alcast Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ahresty Wimington Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Force beyond
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Reliance Foundry Coke Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Automotive Metal Casting Market is segmented into basis of on type, Process, application, and region.
The growth of the Metal Casting Market is driven by increasing demand for metals such as aluminum and magnesium in key end-use industries such as automotive, aerospace & defense and building and construction, primarily automotive. Increasing vehicle production, growing demand for medium and premium segment vehicles and lack of alternative manufacturing processes and growing demand for pans, pots, pans, engines, piping and automotive are driving the growth of this market.
In Asia Pacific, The Automotive Metal Casting Market is currently booming in the Asia Pacific region. Rapidly growing vehicle production in the region is one of the primary driving factors besides the Asia Pacific region witnessing a global shift that provides opportunities for major manufacturers in the market in the form of tax cuts and government subsidies.
The Key players operating in the Automotive Metal Casting Market includes Endurance Technologies Limited, GF Casting Solutions AG, Ryobi limited, Dynacast, Precision Castparts Corp, GIBBS, Alcast Technologies, Ahresty Wimington Corporation, and Force beyond, Reliance Foundry Coke Ltd.