Maximize Market Research’s latest report, ” Global Metal Casting Market Global Demand Analysis and Opportunity Outlook 2027″, offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Metal Casting Market was valued at US$ XX Bn. in 2019 and is expected to reach US$ 40.21 Bn. by 2026, at a CAGR of 8.55% during a forecast period.
Global Metal Casting Market Overview
Metal casting is the process in which high-temperature liquid or molten metal is poured into a mould made of metal, sand, or ceramic, to form geometrically composite parts. The metal casting industry plays an important role in all the major industries of our economy. There are castings in aircraft, cars trucks, factories, homes and schools some metal parts.
Generally, the global market for metal casting is driven by the growing demand for metals like magnesium and aluminum in the major end-use sectors such as aerospace and defense, automotive, and building and construction. The demand for aluminum is rising at a substantial rate owing to its excellent assets for instance insubstantial, high potency-to-weight ratio, corrosion challenge, ductility, recyclability and thermal and electrical conductivity.
Moreover, the expanding sale and production of automobiles, coupled with the growth of the automotive sector, is expected to drive the demand for different metals, mainly aluminum, which is projected to drive the growth of the global metal casting market during 2020-2026.
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Global Metal Casting Market Major Market Players
• Ryobi Limited
• GF Automotive
• Rheinmetall Automotive
• Ahresty Corporation
• Mino Industrial
• Aisin Automotive Casting
• Gibbs Die Casting
• Georg Fischer Ltd
• Precision Castparts Corp
• Alcast Technologies
• Reliance Foundry Co. Ltd
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world’s largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Metal Casting Market:
Global Metal Casting Market, by Process
• Gravity Casting
• High-Pressure Die Casting (HPDC)
• Low-Pressure Die Casting (LPDC)
• Sand Casting
Global Metal Casting Market, by Material Type
• Cast iron
Global Metal Casting Market, by Application
• Body Assemblies
• Engine Parts
• Transmission Parts
Global Metal Casting Market, by Vehicle Type
• Passenger Car
Global Metal Casting Market, by Electric & Hybrid Vehicle Type
Global Metal Casting Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
The report has covered the market size by country (regions) for the global Metal Casting market. Segment by Application. The Metal Casting Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Metal Casting Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Metal Casting Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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