Portland, OR, Oct. 17, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global metal casting market was estimated at $129.5 billion in 2021 and is expected to hit $226.8 billion by 2031, registering a CAGR of 5.8% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $129.5 Billion |
| Market Size in 2031 | $226.8 Billion |
| CAGR | 5.8% |
| No. of Pages in Report | 352 |
| Segments Covered | End-user Industry, Process, and Region. |
| Drivers | Rapid urbanization and developments in the architecture & construction sector |
| Opportunities | Surge in usage of metal casting solutions in the electronics sector for producing three-dimensional parts |
| Restraints | high investment cost associated with the production of metal castings |
Covid-19 Scenario-
- Its increased dependency on the marine, aerospace, and automotive sectors impacted the global metal casting market negatively, especially during the initial period.
- However, as the lockdowns were lifted and the manufacturing units started resuming their operations, the market for metal casting also started getting back on track.
The global metal casting market is analyzed across end-user industry, process, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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Based on end-user industry, the automotive segment accounted for the major share in 2021, holding nearly two-fifths of the global market. The same segment would also grow at the fastest CAGR of 6.3% throughout the forecast period.
Based on process, the sand-casting segment generated the highest share in 2021, accounting for nearly one-third of the global market. The same segment is also projected to manifest the fastest CAGR of 6.2% from 2022 to 2031.
Based on region, the market across Asia-Pacific held the lion’s share in 2021, garnering nearly two-thirds of the global market. The same region is also expected to cite the fastest CAGR of 6.2% by 2031. The other provinces studied in the report include Europe, North America, and LAMEA.
The key market players analyzed in the global metal casting market report Dynacast International, ahresty corporation, Rheinmetall Ag, Ryobi Die Casting (USA), Inc., Georg Fischer Ltd., Nemak, Aisin World Corp. of America, Endurance Technologies Limited, MINO Industry USA, Inc, Dawang Steel Casting Foundry, GIBBS, Gujarat Precision Cast Pvt. Ltd., Omnidex Group, RFQLINE, INC, and Sujan Industries. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
