The global Metal Casting market is forecast to reach USD 193.53 Billion by 2027, according to a new report by Reports and Data. The market is witnessing a surge in demand owing to the rising prevalence of the emission norms encouraging the use of the metal casting process, and increasing demand in the automobile sector. Moreover, the increasing trend of lightweight vehicles is fostering the market’s demand. However, the high capital required for the setup is hampering the market’s demand.
A rise in the trend in urbanization is a critical factor in the growth of the housing and infrastructure sectors. First-time homebuyers are encouraged and funded to cause the development of the building & design industry. Governments in various countries provide opportunities and support to meet the housing needs of the increasing population.
Key participants include Dynacast Ltd., Ryobi Limited, Gibbs (Koch Enterprises Inc.), POSCO, CALMET, Hitachi Metals, MES Inc., Alcast Technologies, Arconic, and Uniabex, among others.
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The use of lightweight casting materials, including magnesium and aluminum alloy, will minimize the weight of the body and frame by up to 50%. Consequently, to meet the European Union (EU) and US Environmental Protection Agency (EPA)’s strict pollution, and fuel efficiency goals, the use of lightweight materials (Al, Mg, Zn & others) has increased in the automotive sector.
One of the main limitations for the manufacturers is the high cost of cast materials such as aluminum and magnesium. The initial period capital cost for setup is also becoming a challenge for new entrants. These factors will, in the near future, affect the growth of the industry.
For the purpose of this report, Reports and Data have segmented into the global Hospital Equipment and Supplies market on the basis of process type, material, application, and region:
Process Type Outlook (Revenue, USD Billion; 2017-2027)
- Gravity Casting
- High-Pressure Die Casting
- Low-Pressure Die Casting
- Sand Casting
Material Outlook (Revenue, USD Billion; 2017-2027)
- Cast Iron
Application Outlook (Revenue, USD Billion; 2017-2027)
- Building & Construction
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Asia Pacific
- Latin America
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Key Questions Answered by the Report:
- What are the key revenue growth driving factors of the Metal Casting market over the forecast period?
- Which are the prominent companies in the global Metal Casting market?
- What are the technological advancements and product developments taking place in the Metal Casting market?
- Which region is expected to account for largest revenue share in the global market over the forecast period?
- What are the key outcomes of the SWOT analysis and Porter’s Five Forces analysis?
- What are the key factors expected to restrain market growth over the forecast period?
- What will the market size and growth rate for the Metal Casting market be during the forecast period?
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Metal Casting Market Segmentation & Impact Analysis
4.1. Metal Casting Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Increasing demand in automobile sector
22.214.171.124. Stringent emission norm
126.96.36.199. Increasing energy efficiency requirement in vehicles
4.2.3. Market restraints analysis
188.8.131.52. High initial capital required for setup
184.108.40.206. Underutilization of capacity
220.127.116.11. High energy consumption
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
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