The metal casting market is expected to experience steady growth during the forecast period of 2023-2027 with a CAGR. The market growth is being driven by factors such as the increase in vehicle production, the trend toward lightweight vehicles, and the tightening of emission and fuel efficiency regulations. However, the metal casting market may experience growth hindrances in 2021 due to reduced vehicle sales caused by the COVID-19 pandemic.
The market has been segmented based on vehicle type into passenger cars, light commercial vehicles, and heavy commercial vehicles. In 2020, the passenger cars segment was the dominant segment in the metal casting market due to the increasing sales and production of passenger cars, as well as the growing average content in these cars.
The APAC region dominated the metal casting market in 2020 in terms of regional analysis. This is attributed to the increasing sales of vehicles and the presence of both domestic and international OEMs in the region.
Browse over 167 market data Figures spread through 221 Pages and an in-depth TOC on the “ Metal Casting Market “- https://www.techsciresearch.com/report/global-metal-casting-market/2260.html
Leading players in the metal casting market include Mino Industrial, Aisin Automotive Casting, Dynacast, Endurance, Nemak, Ryobi Limited, GF Automotive, Ahresty Corporation, Rheinmetall Automotive, and Gibbs Die Casting. These companies are implementing competitive strategies such as developing advanced technologies, launching new products, and pursuing mergers and acquisitions to maintain competitiveness in the market.
Objective of the Study:
- To analyse and forecast the market size of Metal Casting, in terms of value and volume.
- To classify and forecast Global Metal Casting based on vehicle type, electric vehicle type, material type, application, and regional distribution.
- To identify drivers and challenges for Global Metal Casting.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Metal Casting.
- To conduct the pricing analysis for Metal Casting.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Metal Casting.
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For this study, TechSci Research conducted both primary and exhaustive secondary research. At first, a list of manufacturers across the globe was sourced, and then primary research surveys were conducted with the identified companies. During the interviews, respondents were also asked about their competitors, which allowed TechSci Research to include manufacturers that could not be identified through secondary research. Service offerings, distribution channels, and the presence of all major collaboration manufacturers across the globe were analysed by TechSci Research. Using a bottom-up approach, TechSci Research calculated the market size of Global Metal Casting. Data for various end user industries and their application across various product types were recorded and forecasted for future years. These values were sourced from industry experts and company representatives and were validated externally by analysing historical data of these product types and applications for getting an appropriate overall market size. TechSci Research also used various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports.
Key Target Audience:
- Original Equipment Manufacturers
- Automotive casting components manufacturers
- Automotive casting materials manufacturers
- Raw Material Suppliers
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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