Metal Casting Market Trends

Growth Drivers

• Growing Use in Construction Sector- Metal casting is used in the construction industry as heavy equipment and others. This has raised the demand for metal castings for network maintenance. It involves the production of tens of thousands of steel, iron, and nickel alloy castings required for pipeline development, maintenance, and retrofitting, thus leading to rising demand in the upcoming years. The largest energy pipeline network in the United States, which consists of almost 2.4 million miles of pipe.
• Increasing Technological Advancement in Automotive Sector – Growing technological advancement in the automotive sector is propelling the demand for automotive products this in turn is expected to boost the metal casting market value during the forecasted period. India, China, and South Korea are among the top 10 countries in the world with the largest automobile market with significant demand for aluminum. 
•  Increasing Electronic Industry – Metal Casting solutions are highly used in the electronic industry to produce three-dimensional parts. Metal casting is used by popular market players such as Apple, LG, and Samsung owing to its numerous advantages such as precision, easy yield complexity, and the manufacturing of rigid cast parts with soft bodies that do not require severe machining. 

Challenges 

• High Investment Cost – Metal casting consisting of high investment costs might pose limitations in front of manufacturers with less investment ability to enter into the metal casting market. This factor is expected to hamper the market growth in the near future. 
• Lack of Skilled Professionals 
• Increasing 3D Printing