Metal Casting Market Outlook:
Metal Casting Market size was valued at USD 199.9 billion in 2025 and is projected to reach USD 392.6 billion by the end of 2035, rising at a CAGR of 7.3% during the forecast period from 2026 to 2035. In 2026, the industry size of metal casting is estimated at USD 214.4 billion.
The global metal casting market is anticipated to witness an upward trend over the forecast years, primarily driven by the strong demand of major industries like the automotive industry, aerospace, construction, and defense, well backed by the proactive government infrastructure and stimulus programs. The U.S. steel production used approximately 41.9 million metric tons of iron and steel scrap in 2023, almost equal to 41.5 million metric tons in 2022. In 2023, Pig iron was produced at an approximate of 12.6 Mt (million tons) as compared to 11.1 Mt in 2022- A 14 percent increase. In 2022 and 2023, it was approximately 80.5 Mt and 80 Mt in the domestic production of raw steel. Additionally, the U.S. Energy Information Administration indicated that in the first quarter of 2024, electric vehicles and hybrid vehicles constituted approximately 17.8% of all new light-duty cars in sales, with hybrid vehicles growing their sales 30.7% on a year-to-year basis. It is in this growth that the management is going to create the demand for high-precision aluminum castings, which can be utilized in battery and motor housings, and hence the growth of the metal casting industry. Furthermore, the National Defense Authorization Act (NDAA) in 2023 approved the total U.S military expenditure of about USD 816.7 billion for the Department of Defense on the military budget. This long-term defense budget forms the basis of the continuous need for specialty metal castings in the production of defense vehicles and military equipment that is vital in national security and military preparedness.
The strategic reshoring and government incentives like the Bipartisan Infrastructure Law facilitate supply chain expansion by increasing domestic capacity, reducing the length of supply chains, and making them more resilient. According to the findings of the U.S. Energy Department, the public and private investments support the re-opening and expansion of casting plants and the increase in production capacity through primary facilities. The international trade statistics indicate that the U.S exported casting machines worth USD 28,971.26 million in 2023, with Mexico, Turkey, and Canada being the majority of the export destinations. Meanwhile, the U.S. imported large amounts of cast iron and steel, particularly from China and the EU, and exported to Sweden, Germany, and the UK as per U.S. trade statistics. In August 2025, the Producer Price Index (PPI) of metals and metal products amounted to 334.270, which indicated a slight inflation of the prices of castings according to the U.S. Bureau of Labor Statistics. According to the EPA, the iron casting prices have been rising by 0.1 percent, and the steel castings by less than 0.05 percent per short ton, following recent measures. Overall, government and industry investments are harmonized to guarantee the responsiveness of supply chains, ongoing delivery of technologies, and long-term expansion of the market in the entire metal casting industry.
