1. Market Research
  2. > Automotive
  3. > Motor Vehicle Market Trends
Metal Casting Market by Process, Application, Material, Component, ICE & EV And Region - Global Forecast to 2025

Metal Casting Market by Process, Application, Material, Component, ICE & EV And Region - Global Forecast to 2025

  • January 2018
  • 167 pages
  • ID: 5281354
In this report:
It is expected to grow from ##,##.## thousand metric tons in 2017 to ##,##.## thousand metric tons by 2025, recording the highest CAGR of ##.##% during the forecast period, due to higher vehicle production, comprising passenger cars, LCVs, and HCVs with the presence of key countries, such as China, Japan, and India.

Summary

Table of Contents

Search Inside

The increasing stringency of emission & fuel efficiency norms, increasing vehicle production, and lack of alternative manufacturing processes are projected to fuel the demand for metal casting market
The metal casting market is projected to grow at a CAGR of 8.87% during the forecast period, to reach a market size of USD 39.94 billion by 2025 from USD 20.23 billion in 2017. Increase in vehicle light-weighting trend, as a result of growing stringency in emission & fuel efficiency standards, and benefits offered by casting such as higher precision, accuracy, and excellent surface finish are the key drivers for this market. Alternatively, the high cost of materials such as aluminum and magnesium, which are used in casting, can hinder the growth of the market.
High Pressure Die Casting (HPDC) is projected to grow at the highest rate in the metal casting market over the period of next eight years
HPDC is estimated to be the fastest growing segment of the metal casting market during the forecast period.The process offers advantages such as shorter cycle time, excellent finished products, higher dimensional accuracy for larger and complex parts, and best fit for mass production.

According to an industry expert, HPDC is one of the most preferred technologies around the world as it is suitable for several components that include battery housing, clutch casing, crankcases, engine blocks, differential cover housing, engine mount, flywheel housing, front door, and turbocharger housing among others. All the above-mentioned factors are expected to drive the high pressure die casting market in the coming years.
Hybrid electric vehicles (HEV) segment is estimated to hold the largest share in metal casting market for electric & hybrid vehicles
The hybrid electric vehicle is estimated to dominate the metal casting market during the forecast period.The sales of hybrid vehicles directly impact the demand for metal casting components.

According to MarketsandMarkets analysis, hybrid vehicles accounted for 71.8% of the total sales of electric & hybrid vehicles in 2016. Furthermore, owing to the extensive government support in tax exemption, incentives, and discounts, the Asia Oceania region accounted for 67.9% of the total HEV sales in 2016. With rising HEV sales, the demand for metal casting components such as battery boxes, cross-car beam, and seat frames would also increase, which, in turn, would drive the growth of metal casting market for HEVs.

Asia Oceania: The largest and fastest growing metal casting market from 2017 to 2025

The Asia Oceania region is estimated to lead the metal casting market.It is also the fastest growing market from 2017 to 2025.
The market growth in the region can be attributed to higher vehicle production owing to low production cost, increasing presence of established OEMs, increasing sales of premium vehicles as a result of rising disposable income, and increase in demand for lightweight materials.Further, some of the key metal cast manufacturers such as Dynacast (US), Ryobi (Japan), Shiloh Industries (US), and Hiroshima Aluminum (Japan) are expanding their presence in this region.

For instance, in August 2017, Dynacast opened a new sales office in Aichi-ken, Japan to cater the increased demand for automotive casting parts in the domestic market. Additionally, according to MarketsandMarkets Analysis, the premium vehicle sales in Asia Oceania has increased from 11,379.9 thousand units in 2012 to 12,938.2 thousand units in 2016, at a CAGR of 3.26%. According to China Association of Automobile Manufacturers (CAAM), the demand for low segment cars has shown a downfall in China, and hence, automotive OEMs are shifting their production focus towards mid and premium end vehicles. Thus, all the above-mentioned factors will prompt the OEMs to utilize an increasing amount of aluminum and magnesium casting components that would increase the power and performance of the vehicle.

BREAKDOWN OF PRIMARIES
The study contains insights provided by various industry experts, ranging from component manufacturers, materials suppliers, and OEMs. The break-up of the primaries is as follows:
• By Company Type – Component Manufacturers– 52%, Material Suppliers- 26%, and OEMs - 22%
• By Designation - C-level - 55%, D-Level – 38%, and Others –7%
• By Region – North America - 42%, Europe - 37%, and Asia Oceania - 21%

The report provides detailed profiles of the following companies:
• Nemak (Mexico)
• Ryobi Limited (Japan)
• Rheinmetall Automotive (Germany)
• GF Automotive (Switzerland)
• Ahresty Corporation (Japan)
• Dynacast (US)
• Endurance (India)
• Mino Industrial (Japan)
• Aisin Automotive Casting (US)
• Gibbs Die Casting (US)

Research Coverage
The primary objective of the study is to define, describe, and forecast the metal casting market by process, IC vehicle type, components, hybrid & electric vehicle type, and region.It analyzes the opportunities offered by various segments of the market to the stakeholders.

It tracks and analyzes competitive developments such as expansions, joint ventures, acquisitions, and other industry activities carried out by key industry participants.

Reasons for buying the report
• The study provides qualitative and quantitative analysis of each segment, which is represented in terms of volume (thousand metric tons/thousand units) and value (USD million).
• The key ten companies, which have a significant impact on the market, are profiled along with their financial structure, recent developments, and product portfolio.
• The report covers the competitive landscape, which reflects the market ranking of leading players along with the dominant strategy adopted by these stakeholders to retain their position.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
100 Automotive Advanced Driver Assistance Systems (ADAS) Companies to Watch in 2019

100 Automotive Advanced Driver Assistance Systems (ADAS) Companies to Watch in 2019

  • $ 3508
  • December 2018

Leading Sensor Suppliers to OEMs For ADAS Applications (ACC, AEB, AFL, BSM, DMS, FCW, HUD, ISA, LDW, NVS, PDS, PA, RSR, SVC) & Sensors (LIDAR, IR, SRR-MRR, LRR, Cameras (Stereo, Mono, RVC, SVC), Ultrasonic) ...

Advanced engine technologies for meeting CO2 and fuel economy targets - forecasts to 2033

Advanced engine technologies for meeting CO2 and fuel economy targets - forecasts to 2033

  • $ 2300
  • January 2019

Updated in the last quarter, this report has been extracted from QUBE and provides a comprehensive overview of the emerging light vehicle engine technologies required to meet CO2 and fuel economy mandates, ...

Global Automotive Clutch Actuator Market 2019-2023

Global Automotive Clutch Actuator Market 2019-2023

  • $ 2500
  • December 2018

About this marketThe growing potential in developing countries of APAC such as India and Myanmar, automakers have developed a cost- effective and less- sophisticated alternative in the form of automated ...


ref:plp2018

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on