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The metal casting market has the potential to grow by USD 4.83 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 2.29%.
This metal casting market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (automotive, industrial machinery, aerospace and defense, and others) and geography (North America, Europe, APAC, South America, and MEA). The metal casting market report also offers information on several market vendors, including Acast, Alcast Co., Alcoa Corp., Berkshire Hathaway Inc., Buhler AG, Form Technologies, Hitachi Metals Ltd., Ryobi Die Casting Inc., Stahl Specialty Co., and Toshiba Machine Co. Ltd. among others.
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The increasing adoption of X-ray casting defect recognition increases efficiency is notably driving the metal casting market growth, although factors such as significant energy-consuming technology increases overall production costs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the metal casting industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
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This metal casting market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the metal casting market encompasses successful business strategies deployed by the key vendors. The metal casting market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The metal casting market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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55% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for metal casting in North America. Market growth in this region will be faster than the growth of the market in the European, APAC, and South American regions.
The declining dollar value, abundant availability of natural gas at low prices for the industrial sector, and increasing cost of labor in Asia are encouraging for the manufacturing sector in North America, especially in Canada. This will facilitate the metal casting market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The metal casting market share growth by the automotive segment will be significant during the forecast period. The automotive industry offers huge growth opportunities for the global metal casting market. The growing production of the automotive sector, which includes four-wheelers and two-wheelers, will lead to a significant increase in demand for metal cast parts,
This report provides an accurate prediction of the contribution of all the segments to the growth of the metal casting market size and actionable market insights on post COVID-19 impact on each segment.
Ferrous Metal Casting Machinery -The market share in North America will witness considerable growth during the period 2018-2022 and register a CAGR of more than 5% by 2022.
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Metal Casting Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.29% |
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Market growth 2021-2025 |
$ 4.83 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
2.19 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 55% |
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Key consumer countries |
US, Germany, Canada, China, and Brazil |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Acast, Alcast Co., Alcoa Corp., Berkshire Hathaway Inc., Buhler AG, Form Technologies, Hitachi Metals Ltd., Ryobi Die Casting Inc., Stahl Specialty Co., and Toshiba Machine Co. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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