Metal Casting Market Set to Soar Past USD 225.46 Billion by

February 06, 2024 11:00 ET | Source: SkyQuest Technology Consulting Pvt. Ltd. SkyQuest Technology Consulting Pvt. Ltd.

Westford, USA, Feb. 06, 2024 (GLOBE NEWSWIRE) -- The global Metal Casting market size is expected to reach USD 225.46 billion by 2030 and exhibit a CAGR of 5.8% in the forecast period (2023−2030), according to Skyquest's latest research report. The growing demand for complex and lightweight components in various industries, such as automotive and aerospace, the expansion of infrastructure projects that require large-scale metal castings, the need for energy-efficient and environmentally friendly casting processes, the adoption of automation and digitalization to improve casting efficiency and quality, and the globalization of supply chains, which drives the demand for metal castings in diverse markets. Custom Precision Casting

Metal Casting Market Set to Soar Past USD 225.46 Billion by

According to SkyQuest's latest global research of the Metal Casting market, the growing adoption of additive manufacturing techniques like 3D printing for complex and customized casting designs, the increasing use of sustainable and recyclable materials to align with environmental regulations, the integration of automation and robotics to enhance casting precision and efficiency, and the implementation of digital twin technology for real-time monitoring and quality control are the trends that aid in the market's growth.

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Metal casting is a manufacturing process that uses molten metal to create a desired shape. The molten metal is poured into a mold, a cavity with the same shape as the desired object. The metal then cools and solidifies in the mold, taking the shape of the mold.

Prominent Players in Metal Casting Market

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Sand Casting Demand to Grow Substantially in the Forecast Period

Sand Casting dominates the global online market as, due to its versatility, it can be used for a wide range of metals, including iron, steel, aluminium, and copper. This flexibility makes it suitable for various industries and applications.

The Automotive Industry is the Leading Application Segment

In terms of application, the automotive industry is one of the largest consumers of metal castings, requiring a wide range of components, including engine parts, transmission components, chassis, and body components. The sheer volume and diversity of metal castings needed for vehicle manufacturing drives sales.

North America is the leading Market Due to Technological Advancements

Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. The region has a robust manufacturing industry, significant infrastructure development, and the presence of a vast number of foundries. China, in particular, is one of the world's largest producers and consumers of metal castings. Its manufacturing capabilities and export-oriented industries have driven substantial demand for metal castings in the region.

A recent report thoroughly analyzes the major players operating within the Metal Casting market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavours to develop innovative solutions that cater to the ever-increasing demand for Metal Casting.

Key Developments in Metal Casting Market

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Key Questions Answered in Metal Casting Market Report

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Metal Casting Market Set to Soar Past USD 225.46 Billion by

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