Automotive casting Market Size, Share & Industry Analysis, By Material Type (Iron, Steel, Aluminium), By Process (Sand Casting, Die Casting, Investment Casting), By Application (Engine, Transmission, Suspension), By Vehicle Type (Commercial vehicles, Passenger vehicles) And Regional Forecast, 2025-2032

Automotive casting is one of the favoured processes of manufacturing and it involves pouring molten metal into sand or die mould to form a specified shape. It helps to produce large and complex sized industrial or automotive instruments. The requirement to minimize emission levels and to improve fuel economy are some of the major factors that have forced several automakers to shift to lightweight vehicles to improve fuel efficiency.

The increased demand for lightweight vehicles and technological advancements in the automotive industry are some of the major factors driving the growth of the market. The benefits offered by the automotive casting process such as increased accuracy, higher precision, short cycle time and improved surface finish are expected to drive the growth of the market. However, the change in the prices of raw materials and changing environmental conditions are expected to hamper the growth of the market.

Key Market Driver -

the increased demand of light weight vehicles and technological advancements in the automotive industry are some of the major factors driving the growth of the market.

Key Market Restraint -

the change in the prices of raw materials and changing environmental conditions are expected to hamper the growth of the market.

Market Segmentation:

The global automotive casting market is segmented by material type, by process, by application, by vehicle type and by geography. Based on material type the market is further sub-segmented into iron, steel and aluminium. Among these, the steel segment is expected to account for the largest market share in the year 2020 and it is expected to continue its dominance over the forecast period. The easy availability and comparatively cheap cost of steel are expected to drive the growth of the market. steel is light in weight as compared to iron and aluminium it is also more durable, these are some of the major reasons driving the growth of the market.

Based on process the market is segmented into sand casting, die casting and investment casting. The investment casting process accounted for the largest market share in the year 2020 and it is expected to dominate the market during the forecast period with a rapid CAGR. investment casting uses a disposable wax pattern for every cast part. This casting process is generally used to manufacture numerous parts of automotive vehicles.

Based on application the market is segmented into brakes & wheels, suspensions, engines and others. The suspension segment accounted for the largest market share in the year 2020 and it is expected to dominate the market during the forecast period with a rapid CAGR. Due to the increased demand for lightweight vehicles in developing countries the market is expected to experience a boost over the forecast period.

Based on vehicle type the market is segmented into passenger cars and commercial cars. The passenger cars segment accounted for the largest market share in the year 2020 and it is expected to dominate the market during the forecast period with a rapid CAGR. With the increase in sales of passenger cars in developing countries and increased demand for compact design and lightweight passenger vehicles, the market is expected to grow steadily over the forecast period.

Key Players:

Major players operating in the global automotive casting market include CFS Foundry, Endurance Technologies, Regensburger Druckgusswerk Wolf GmbH, Bell Foundry, Impro, Zetwerk, Zollern GmbH, Gibbs Die Casting, and Ryobi, Dynacast, among Others.

Key Insights

• New Advancements in the automotive casting market.
• Number of Products, Key Countries, 2020
• New Product Launches, Key Players

Regional Analysis:

Geographically, the global automotive casting market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America held the largest share of the market in 2020 and it is expected to dominate the market during the forecast period with the highest CAGR. This can be attributed due to the increased demand for lightweight and compact design vehicles in the region. With the increased per capita income of the consumers, the sales of passenger vehicles in the region is expected to experience a boost.

Moreover, The Asia Pacific is expected to be the second-largest region for the market as the aftermarket industry in the region is huge, the modification of vehicles are expected to boost the growth of the market. with the rapid sales of lightweight suspensions and advanced brakes and wheels components, the market is expected to grow steadily over the forecast period. Europe is expected to account for a considerable share in the market over the forecast period and is expected to grow steadily over the forecast period. The presence of some of the major key players in the region and increasing technological advancements in the region are some of the major factors driving the growth of the market.

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Segmentation