Automotive Metal Casting Market size was valued at USD 40 Billion in 2024 and is forecasted to grow at a CAGR of 4.5% from 2026 to 2033, reaching USD 55 Billion by 2033.
The global automotive metal casting market was valued at approximately USD 105.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. The increasing demand for lightweight and durable automotive components, especially in electric vehicles (EVs), is driving the growth of the market. North America held a significant share of the market in 2022, contributing over 30% to the global revenue, primarily due to the high demand for aluminum castings in automotive production. The region is expected to continue dominating the market due to the presence of major automotive manufacturers and increasing adoption of advanced casting technologies. Europe also accounted for a substantial market share, with a strong focus on fuel efficient and emission reducing vehicles, propelling the demand for metal castings in automotive applications. In the Asia Pacific region, the automotive metal casting market is projected to witness the fastest growth with a CAGR of 5.3% from 2023 to 2030. This growth is attributed to the expanding automotive manufacturing sector in countries such as China, India, and Japan, as well as the growing adoption of electric vehicles. The shift toward greener technologies, coupled with favorable government initiatives and increasing disposable income, has fueled the demand for high quality castings. Latin America and the Middle East & Africa are also anticipated to grow steadily, driven by expanding automotive production and investments in the automotive industry. The automotive metal casting market in these regions is projected to grow at moderate rates in the forecast period.
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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. 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 Automotive Metal Casting Market
Sand Casting
Die Casting
Investment Casting
Permanent Mold Casting
Gravity Die Casting
Aluminum Alloys
Steel Alloys
Iron Alloys
Magnesium Alloys
Zinc Alloys
Engine Components
Transmission Components
Chassis Components
Body Components
Other Automotive Parts
Passenger Cars
Commercial Vehicles
Electric Vehicles
Heavy-Duty Vehicles
Two-Wheelers
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Automotive Component Manufacturers
Tooling and Die Makers
US (United States, US 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 Automotive Metal Casting 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 Automotive Metal Casting Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Metal Casting Market, By Type
6. Global Automotive Metal Casting Market, By Application
7. Global Automotive Metal Casting Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Metal Casting Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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