Metal Casting Market Analysis

Material (Aluminum, Iron, Steel)

The aluminum segment is anticipated to account for notable share of 50% in the estimated period. Aluminum casting is widely used in vehicle production as a lightweight material for vehicles, and growing trend of aluminum metal die casting. Owing to a wide variety of advantages of aluminum such as fuel efficiency, durability, corrosion resistance, acceleration, better handling, and others, this type of  advanced material metal casting is used in the automobile sector. As per a report from the European Aluminum Association, aluminum content reached around 180kg in 2020. 

Application (Automotive & Transportation, Building & Construction, Industrial)

The automotive & transportation segment in the metal casting market is anticipated to account for the highest revenue share by the end of 2037. The growth can be attributed to the increasing disposable income and demand for OEMs which further is pushing the demand for metal casting in the automotive sector as metal casting is highly applied in the production process of pistons, engine blocks, brake drums, carburetors, and other vehicle parts. 

Our in-depth analysis of the global market includes the following segments: