The "Metal Casting Market by Process (Gravity, High & Low Pressure, Sand), Application (Body Assembly, Engine & Transmission), Material (Iron, Al, Mg, Zn), Component, ICE & EV (Passenger Car, LCV, HCV, BEV, HEV & PHEV) & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Metal Casting Market is Projected to Grow at a CAGR of 8.87% During the Forecast Period, to Reach a Market Size of USD 39.94 Billion By 2025 from USD 20.23 Billion in 2017.
Increase in vehicle light-weighting trend, as a result of growing stringency in emission & fuel efficiency standards, and benefits offered by casting such as higher precision, accuracy, and excellent surface finish are the key drivers for this market. Alternatively, the high cost of materials such as aluminum and magnesium, which are used in casting, can hinder the growth of the market.
HPDC is estimated to be the fastest growing segment of the metal casting market during the forecast period. The process offers advantages such as shorter cycle time, excellent finished products, higher dimensional accuracy for larger and complex parts, and best fit for mass production.
The hybrid electric vehicle is estimated to dominate the metal casting market during the forecast period. The sales of hybrid vehicles directly impact the demand for metal casting components.
Market Dynamics
Drivers
- Growing Stringency in Emission & Fuel Efficiency Regulations to Drive the Demand for Aluminum, the Key Casting Material in Automotive Industry
- Lack of Alternative Manufacturing Process for Metal Casting
Restraints
- High Cost of Casting Materials Such As Aluminum, Magnesium, And Zinc
- Metal Extrusion Process Versus Die Casting Process
Opportunities
- The Rising Sales of Electric & Hybrid Vehicles Boost the Demand of Metal Casting Market
Challenges
- High Capital Investments And Existing Competition is a Challenge for New Entrants in the Market
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Metal Casting Market, By Process
7 Metal Casting Market, By Material Type
8 Metal Casting Market, By Application
9 Metal Casting Market, By Component
10 Metal Casting Market, By IC Vehicle Type
11 Metal Casting Market, By Electric & Hybrid Vehicle Type
12 Metal Casting Market, By Region
13 Competitive Landscape
14 Company Profiles
- Ahresty Corporation
- Aisin Automotive Casting
- Dynacast
- Endurance
- GF Automotive
- Gibbs Die Casting
- Mino Industrial
- Nemak
- Rheinmetall Automotive
- Ryobi Limited
For more information about this report visit https://www.researchandmarkets.com/research/k6qrsk/39_billion_metal?w=4
View source version on businesswire.com: http://www.businesswire.com/news/home/20180117005866/en/