Metal Casting Market size was over USD 153.43 billion in 2024 and is projected to cross USD 342.66 billion by the end of 2037, growing at more than 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of metal casting is estimated at USD 161.29 billion.
Population growth doubled with rapid urbanization has raised the architecture and construction industry in developing as well as developed countries such as India, China, Japan, and other regions making use of metal casting to offer structural support. For instance, as per National Investment Promotion and Facilitation Agency, infrastructural activities held a 13% share in total FDI inflows in 2021.
Factors such as increase in disposable income, growing vehicle production, standards on fuel efficiency and gases emission from vehicles are estimated to propel the market expansion. As per the International Organization of Motor Vehicle Manufacturers, globally over 79 million vehicles were produced in 2021.
Author Credits: Rajrani Baghel
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