Casting Devices Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030.
The global casting devices market was valued at approximately USD 15.2 billion in 2022, with a compound annual growth rate (CAGR) of 7.6% projected from 2023 to 2028. This robust growth is driven by increasing demand for advanced casting solutions across various industries such as automotive, aerospace, and consumer electronics. The market expansion is further supported by technological advancements, including the development of more efficient and durable casting materials, and the rising adoption of casting processes that enhance product quality and reduce manufacturing costs.
Opportunities within the casting devices market are significant, particularly in emerging economies where industrialization and infrastructure development are accelerating. These regions are witnessing an upsurge in investments in modern manufacturing technologies, which bolsters the demand for advanced casting equipment. Additionally, the growing emphasis on sustainable manufacturing practices and the implementation of eco-friendly casting technologies offer promising avenues for market players to explore. As a result, the market presents numerous growth opportunities for companies to leverage emerging trends and expand their market presence.
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Microsoft
Sony
ASUSTeK Computer
LGs
Roku
Samsung
Apple
Ignite Technologies
Philips
Hisense
Panasonic
Nvidia
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Casting Devices Market
E-learning
Web-browsing
Real-time Entertainment
Social Networking
Gaming
Others
Based on Types the Market is categorized into Below types that held the largest Casting Devices market share In 2023.
Game Consoles
Media Streamers
Smart TVs
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Casting Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Casting Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Casting Devices Market, By Type
6. Global Casting Devices Market, By Application
7. Global Casting Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Casting Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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