Acute Growth of Metal Casting Market Opportunity Assessments 2019-2026: Nemak (Mexico), Rheinmetall Automotive (Germany), Ryobi Limited (Japan), etc

Metal Casting Market Snapshot:

The global metal casting market was valued at USD 18.81 million in 2018 and is expected to reach USD 37.18 million by 2026 at a CAGR of 8.89 % during the forecast period, 2019–2026.

Metal casting market is growing with the tremendous rate as there is imminent demand from emerging sectors. Metal castings is used in wide array of industries such as transport, heavy equipment, machine tools, plant machinery, defense, electrical equipment machines, hardware, household, art objects, and others. Transport and heavy equipments are the predominant consumers for metal casting market, such that producing 50% of the casting. Moreover, a body assembly component in vehicle manufacturing is the key growth factor for the metal casting market.

Increasing vehicle production, rising demand for light weight vehicles, and growing stringency in emission & fuel efficiency guidelines are projected to drive the metal casting market growth during the forecast period. According to the International Organization of Motor Vehicle Manufacturers, over 97.3 million vehicles were produced in 2017, which is expected to increase in the near future.

With the increasing adoption of X-ray casting defect recognition system, the global metal casting market is expected to witness significant growth during the forecast period, 2019–2026. Furthermore, the technology such as digital imaging and digital radiography allow process inspector to detect any casting error, which is likely to push the metal casting market growth. As per the U.S. Department of Energy, the use of lightweight casting materials namely magnesium and aluminium alloy can reduce the weight of body & frame up to 50%. This is further helping the manufacturers to meet the stringent emission and fuel efficiency targets set by the European Union (EU) and the U.S. Environmental Protection Agency (EPA).

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The Major Players Covered in this Report: Nemak (Mexico), Rheinmetall Automotive (Germany), Ryobi Limited (Japan), Alcoa Corporation (U.S.)G-F- Automotive (CA), Dynacast (U.S.), Endurance (India), Ahresty Wilmington Corporation (Japan), GIBBS (U.S.), Aisin Automotive Casting (U.S.),and THOSHIBA MACHINE Co. LTD (Japan). & More.

Each section of the report reveals critical information about the global Metal Casting market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global Metal Casting market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies like manufacturing analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.

By Process,Gravity, High pressure die casting (HPDC), Low pressure die casting (LPDC), Sand casting,
By Application, Body assembly, Engine parts, Transmission parts, Medical Devices, Other,
By Material Type, Aluminium, Cast iron, Magnesium, Zinc, Others,
By Components, Alloy wheels, Battery housing, Cross car beam, Clutch casing, Crank cases, Cylinder heads, Engine block, Differential cover housing, Engine mount, Flywheel housing, Front door and rear door frame, Exhaust & intake manifold, Gearbox housing, Ignition & lock housing, Transmission housing & turbocharger housing, Others,

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Metal Casting in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Metal Casting market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Metal Casting and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Metal Casting. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

COVID-19 Impact Analysis:
- The COVID-19 pandemic had a significant impact on the on trade segment and Industry.
- Manufacturers are comprehending strategies to revive from the current situation by means of reshaping their sales channels as well as product innovation.
- The duration of the virus outbreak remains a key factor in assessing the overall impact of the pandemic. However, the global Railway Suspension System industry is expected to stabilize after 2019.
- The liquor industry was not impacted severely due to the pandemic.

Full Report Link @ 
https://straitsresearch.com/report/metal-casting-market/

Key Metal Casting Market Trends:
- The report identifies, determines, and forecasts the Global Metal Casting Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Metal Casting Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Metal Casting Market.

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