DUBLIN--(BUSINESS WIRE)--The "Metal Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global metal casting market was worth US$ 22.1 Billion in 2018 and is expected to reach a value of US$ 35.4 Billion by 2024, registering a CAGR of around 8% during 2019-2024.
Metal casting is a process in which molten metal is poured into a hollow container of desired geometrical shape to form a solidified part. There are many reliable and effective metal casting materials such as, gray iron, ductile iron, aluminum, steel, copper and zinc.
Metal casting can produce objects with complex shapes and is cheaper compared to other manufacturing processes for medium to large quantities of castings produced. Cast metal products are an integral part of the human life and economy as they are found in 90% of the manufactured goods and equipment, ranging from home appliances and surgical equipment to critical components for aircraft and automobiles.
Metal casting technology offers numerous advantages; it aids in improving energy efficiency, lowering production costs, enhancing environmental quality, and creating innovative new cast products. Due to these advantages, it is used in pipes and fittings, mining and oilfield machinery, internal combustion engines, railroads, valves and farm equipment, which depend heavily on casting to create uniform products.
Further, metal casting foundries rely on metal recycling as a cost-efficient source of raw material, which significantly reduces scrap metal. Besides this, the ongoing research in the field of metal casting ensures innovations and improvements in the casting process, including the development in lost foam casting and computer-based visualization tools for die casters to create alternative means for molding. These advanced casting technologies allow foundry researchers to produce defect-free castings and help them to explore detailed phenomena associated with the new casting process parameters.
Moreover, the deteriorating environmental conditions have prompted manufacturers to formulate simulation-based castings to reduce wastage and operational costs.
Key Questions Answered in This Report:
- How has the global metal casting market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global metal casting industry?
- What is the breakup of the market based on the process?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the components?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the electric and hybrid type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the global metal casting industry?
- What are the key driving factors and challenges in the global metal casting industry?
- What is the structure of the global metal casting industry and who are the key players?
- What is the degree of competition in the global metal casting industry?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Metal Casting Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Process
5.4 Market Breakup by Material Type
5.5 Market Breakup by Components
5.6 Market Breakup by Vehicle Type
5.7 Market Breakup by Electric and Hybrid Type
5.8 Market Breakup by Application
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Process
6.1 Gravity Casting
6.2 High-Pressure Die Casting
6.3 Low-Pressure Die Casting
6.4 Sand Casting
7 Market Breakup by Material Type
7.2 Cast Iron
8 Market Breakup by Components
8.1 Alloy Wheels
8.2 Battery Housing
8.3 Clutch Casing
8.4 Cross Car Beam
8.5 Crank Case
8.6 Cylinder Head
9 Market Breakup by Vehicle Type
9.1 Passenger Car
9.2 Light Commercial Vehicle
9.3 Heavy Commercial Vehicle
10 Market Breakup by Electric and Hybrid Type
10.1 Hybrid Vehicle
10.2 Plug-In Electric Hybrid
10.3 Battery Electric Vehicle
11 Market Breakup by Application
11.1 Body Assemblies
11.2 Engine Parts
11.3 Transmission Parts
12 Market Breakup by Region
13 SWOT Analysis
14 Value Chain Analysis
15 Porter's Five Forces Analysis
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.2 GF Automotive
17.3.4 Ryobi Limited
17.3.5 Rheinmetall Automotive
17.3.7 Ahresty Corporation
17.3.8 Gibbs Die Casting
17.3.9 Aisin Automotive Casting
17.3.10 Mino Industrial
17.3.12 Toshiba Machine
For more information about this report visit https://www.researchandmarkets.com/r/ob1580