Metal Casting Market Segmentation:
Application Segment Analysis
The automotive and transportation segment is predicted to gain the largest metal casting market share of 59.8% during the projected period by 2035. As the automotive industry focuses more on lightweight vehicles to improve fuel efficiency and reduce emissions, the demand for metal casting has expanded significantly, driven by aluminum casting. The U.S Department of Energy estimates that a 10 percent decrease in the vehicle weight would lead to 6% to 8% fuel economy gains. Lightweight materials like aluminum, magnesium, carbon fiber composites, and high strength steel would help decrease the weight of the vehicle components and go a long way in improving the fuel economy, making it possible to have advanced emissions control systems without adding bulk to the overall weight of the vehicle, which gives credit to the value of materials that are lightweight to automotive design.
Engine and Powertrain Components and Chassis and Suspension Parts are the two main drivers of the growth of the Automotive and Transportation segment. The U.S. Department of Energy states that the weight of the vehicle can be decreased by up to 50% through the use of lightweight materials, including aluminum, magnesium, and high-strength steel in engine and powertrain parts, improving fuel economy and performance, and thus could save more than 5 billion gallons of fuel each year by 2030. Meanwhile, the use of lightweight alloys in chassis and suspension components enhances safety, durability, and emission norms of vehicles by lowering the weight but not the strength. These innovations can address regulatory mandates and the increased demand for fuel-efficient cars, and thus, they play a key role in growing the metal casting market of metal casting to be used in cars and automobiles.
Material Segment Analysis
The aluminum segment is anticipated to constitute the most significant growth, with the revenue share of 49.6% by 2035, due to its usage in the automotive industry and recyclability to fit in with the world's sustainable objectives. Aluminum’s favorable attributes include corrosion resistance and strength-to-weight ratio, making it a candidate for engine blocks, pistons, and other important components. The Aluminum Association has estimated that by 2030, the aluminum content in light trucks and automobiles in the U.S. will be estimated at 556 pounds per vehicle on average, in comparison with 120 pounds in 1980. This high-rise is an indication of increased use of aluminum in the manufacturing industries to make cars less weighty, achieving fuel efficiency, and with strict emission criteria. This projection serves as an indicator of aluminum’s emerging role in many vehicle applications.
Aluminum alloys have a better strength-to-weight ratio, resist corrosion, and thermal conductivity, and thus they are used in the automotive and aerospace sectors. Its demand is also increased by the continuous development of alloys and the improvement of casting technology. Meanwhile, pure aluminum is highly necessary due to its high level of electricity conduction and recyclability, and finds mostly application in electrical, building, and packaging sectors, which leads to growth in markets with growth in urbanization and industrialization. Additionally, the Aluminum Association promotes industry requirements that make it easy to innovate and be sustainable in the production and casting of aluminum.
Process Segment Analysis
The high-pressure die casting (HPDC) segment is projected to grow significantly during the forecast years from 2026 to 2035, owing to its extensive use in the manufacture of lightweight, high-precision parts, particularly in the automotive and aerospace industries. In the U.S. Department of Energy, the efficiency of HPDC is noted in the production of complex components that use fewer materials and have improved mechanical properties. This process helps in achieving sustainability missions, as lightweight materials are used, which saves fuel consumption and emissions in cars. HPDC is also capable of producing in a short-cycle production, contrasting the increasing industrial demand for affordable, volume production of durable metal components. These benefits have enabled HPDC to be a major growth factor in the metal casting business, as the company’s objectives are to balance performance, cost, and environmental impact.
Our in-depth analysis of the metal casting market includes the following segments:
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