Global Metal Casting in Automotive Market Size is expected to experience a CAGR of 9% through 2024 - 2031, according to industry projections.
The "Metal Casting in Automotive Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Metal Casting in Automotive market is expected to grow annually by 9% (CAGR 2024 - 2031).
This entire report is of 162 pages.
Metal Casting in Automotive Introduction and its Market Analysis
Metal casting in the automotive industry involves the use of molds to create complex metal components for vehicles. The market is driven by the increasing demand for lightweight, durable, and cost-effective parts in the automotive sector. Key players in this market include Nemak, Ryobi Limited, GF Automotive, Rheinmetall Automotive, Ahresty Corporation, Dynacast, Endurance, Mino Industrial, Aisin Automotive Casting, and Gibbs Die Casting. The main findings of the report indicate a growing market for metal casting in automotive due to advancements in materials and technology. Recommendations include investing in research and development to stay competitive in the market.
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Metal casting plays a crucial role in the automotive industry, with various types such as Gravity Casting, High-Pressure Die Casting (HPDC), Low-Pressure Die Casting (LPDC), and Sand Casting being widely used. These techniques are commonly utilized for producing body assemblies, engine parts, and transmission parts in vehicles.
Regulatory and legal factors specific to the automotive metal casting market include compliance with environmental regulations for emissions and waste disposal, safety standards for worker protection, and quality control measures to ensure product reliability. Additionally, market conditions such as fluctuating raw material prices and competition among manufacturers also impact the industry.
Overall, metal casting in the automotive market continues to play a significant role in producing high-quality and durable components for vehicles, with advancements in technology and processes driving innovation and efficiency in the industry. Regulations and market conditions play a crucial role in shaping the landscape of the automotive metal casting market, ensuring compliance and competitiveness among manufacturers.
Top Featured Companies Dominating the Global Metal Casting in Automotive Market
Metal casting in the automotive market is a highly competitive industry with several key players dominating the market. Some of the prominent companies operating in this sector include Nemak, Ryobi Limited, GF Automotive, Rheinmetall Automotive, Ahresty Corporation, Dynacast, Endurance, Mino Industrial, Aisin Automotive Casting, and Gibbs Die Casting.
These companies utilize metal casting technology to produce high-quality automotive components such as engine blocks, transmission housings, cylinder heads, and other critical parts. Metal casting is essential in the automotive industry as it allows for the production of complex shapes and designs that are crucial for vehicle performance and safety.
Nemak, a global leader in aluminum casting, provides lightweight solutions for automotive manufacturers to improve fuel efficiency and reduce emissions. Ryobi Limited specializes in die casting technology and supplies components to various automotive OEMs. GF Automotive focuses on precision castings for engine and transmission applications.
Rheinmetall Automotive specializes in aluminum and iron casting for engine components, while Ahresty Corporation provides innovative casting solutions for automotive manufacturers. Dynacast specializes in die casting of zinc, aluminum, and magnesium components for automotive applications.
Endurance specializes in aluminum die casting and supplies components to major automotive OEMs. Mino Industrial specializes in high-pressure die casting and gravity castings for automotive applications, and Aisin Automotive Casting provides a wide range of casting solutions for vehicle manufacturers.
Gibbs Die Casting is a leading supplier of aluminum and magnesium die cast components for the automotive industry. These companies play a vital role in the growth of the metal casting market in the automotive sector by providing innovative solutions, high-quality products, and reliable services.
While specific sales revenue figures are not publicly available for all companies mentioned, Nemak reported sales revenue of approximately $ billion in 2020, Rheinmetall Automotive reported sales revenue of €2,611 million in 2020, and Aisin Automotive Casting reported sales revenue of ¥1,291 billion in 2020.
- Nemak
- Ryobi Limited
- GF Automotive
- Rheinmetall Automotive
- Ahresty Corporation
- Dynacast
- Endurance
- Mino Industrial
- Aisin Automotive Casting
- Gibbs Die Casting
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Metal Casting in Automotive Market Analysis, by Type:
- Gravity Casting
- High-Pressure Die Casting (HPDC)
- Low-Pressure Die Casting (LPDC)
- Sand Casting
Metal casting in automotive involves various techniques such as gravity casting, high-pressure die casting (HPDC), low-pressure die casting (LPDC), and sand casting. Gravity casting is cost-effective for producing complex shapes, while HPDC and LPDC offer high production efficiency and precision. Sand casting is versatile for both small and large components. These techniques help in boosting the demand for metal casting in the automotive market by providing solutions for lightweighting, design flexibility, durability, and cost-effectiveness. Consequently, automotive manufacturers can produce high-quality components efficiently, meeting the demands for safety and performance in vehicles.
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Metal Casting in Automotive Market Analysis, by Application:
- Body Assemblies
- Engine Parts
- Transmission Parts
Metal casting is extensively used in the automotive industry for various applications such as body assemblies, engine parts, and transmission parts. Body assemblies are commonly made through metal casting due to its cost-effectiveness and complexity of shapes that can be achieved. Engine parts like cylinder heads and blocks are also produced through metal casting for their high strength and heat resistance. Transmission parts such as gears and housings are another important application of metal casting in automotive. Among these applications, engine parts is the fastest growing segment in terms of revenue due to increasing demand for fuel-efficient and high performance vehicles.
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Metal Casting in Automotive Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The metal casting market in the automotive industry is witnessing significant growth across various regions. In North America, the United States and Canada are projected to witness substantial growth due to the increasing demand for lightweight vehicles and technological advancements. In Europe, countries like Germany, France, ., Italy, and Russia are expected to dominate the market with a high market share. In the Asia-Pacific region, China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are anticipated to show substantial growth in the metal casting market in the automotive industry. Latin American countries like Mexico, Brazil, Argentina, and Colombia are also expected to contribute to the market growth. In the Middle East & Africa, Turkey, Saudi Arabia, UAE, and Korea are showing promising growth potential in the metal casting market in the automotive industry. Overall, the Asia-Pacific region is expected to dominate the market with a significant market share valuation. The expected market share of metal casting in the automotive market in different regions is projected to be as follows: North America - 25%, Europe - 30%, Asia-Pacific - 35%, Latin America - 5%, Middle East & Africa - 5%.
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