Metal Casting Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40546
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

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.

What will the Metal Casting Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Metal Casting Market

 Get Your FREE Sample Now!

Metal Casting Market: Key Drivers and Trends

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.

  • One of the key factors driving growth in the metal casting market is the increasing adoption of X-ray casting defect recognition increases efficiency.
  • Metal casting industries use automatic or assisted defect recognition (ADR) in X-ray applications.
  • The X-ray technology undergoing several technological upgrades in its tubes or software incorporated with improved algorithms will bring increasing demand for this technology in the production process.
  • The use of digital imaging technology in production processes has made it easy to process images, which, in turn,  increases the overall process efficiency.
  • Casting errors used to be energy-efficient to detect, but with the incorporation of advanced technologies, process inspectors can easily detect any anomalies and adjust the system settings to accept or reject cast parts automatically.  
  • The increasing adoption of automation in the die casting process is another major factor supporting the metal casting market share growth.
  • The use of industrial robots in the manufacturing process increases efficiency, enhances flexibility, reduces cycle time, and enhances precision in producing the final product.
  • Buhler's Ecoline Pro is equipped with the Buhler Multistep technology that offers high flexibility to process engineers to program the shot curve.
  • 89% of the Kurt Die Casting facilities in the US are automated.
  • The incorporation of automated robots into the casting system will lead to increased productivity and providing reliable and efficient cast parts to end-user industries.
  • The rising demand from the automotive sector for enhanced productivity will increase the demand for metal cast parts.

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.

Who are the Major Metal Casting Market Vendors?

The report analyzes the market’s competitive landscape and 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.
  • Toshiba Machine Co. Ltd.

 

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. 

Which are the Key Regions for Metal Casting Market?

For more insights on the market share of various regions Request for a FREE sample now!

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.

What are the Revenue-generating End-user Segments in the Metal Casting Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

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.

 

Metal Casting Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.29%

Market growth 2021-2025

$ 4.83 billion

Market structure

Concentrated

YoY growth (%)

2.19

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 55%

Key consumer countries

US, Germany, Canada, China, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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.

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this Metal Casting Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive metal casting market growth during the next five years
  • Precise estimation of the metal casting market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the metal casting industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of metal casting market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Automotive - Market size and forecast 2020-2025
    • Industrial machinery - Market size and forecast 2020-2025
    • Aerospace and defense - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Acast
    • Alcast Co.
    • Alcoa Corp.
    • Berkshire Hathaway Inc.
    • Buhler AG
    • Form Technologies
    • Hitachi Metals Ltd.
    • Ryobi Die Casting Inc.
    • Stahl Specialty Co.
    • Toshiba Machine Co. Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The metal casting market growth will increase by $13.44 million t during 2019-2024.
    The metal casting market is expected to grow at a CAGR of 2.24% during 2019-2024.
    Technavio has segmented the metal casting market by end-user by volume (Automotive, Industrial machinery, Aerospace and defense, and Others) ,distribution channel (Offline and Online) , and geographic (APAC, North America, Europe, and South America).
    Acast, Alcast Co., Alcoa Corp., Berkshire Hathaway Inc., Bühler AG, Form Technologies, Hitachi Ltd., Techtronic Industries Co. Ltd., thyssenkrupp AG, TOSHIBA MACHINE Co. Ltd. are a few of the key vendors in the metal casting market.
    APAC will register the highest growth rate of 59.79% among the other regions. Therefore, the metal casting market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Germany
    • Italy
    • Canada
    The key factors driving the metal casting market growth are:
    • Increasing adoption of X-ray casting defect recognition increases efficiency
    • Incorporating casting process simulation technology
    The metal casting market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
    Safe and Secure SSL Encrypted
    Technavio

    Single User:

    2500 USD

    Technavio Get the report (PDF) sent to your email within minutes.

    Subscribe & Save

    Get lifetime access to our
    Technavio Insights

    Want to customize this report?

    This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

    We offer $1000 worth of FREE customization at the time of purchase
    Technavio
    Enquire Before Buying
    1. Home
    2. Materials
    3. Published Report
    17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>