Market Synopsis

The global metal casting market was USD 152 Billion in 2022 and is expected to reach USD 303.85 Billion in 2032, and register a rapid revenue CAGR of 8% during the forecast period. Rising demand for metal casting products across various end-use industries, including automotive, building, and aerospace , is a major factor driving market revenue growth. Metal is a cast to create metal components in the desired shape by pouring molten metal into a mold and letting it cool. Capacity to make intricate and complicated designs, as well as their better quality and affordability, are rising demand for metal casting products.

In addition, rapid expansion in the automobile sector, particularly in emerging markets, is another key factor driving revenue growth of the market. The automotive sector makes extensive use of metal casting goods, which may be found in everything from brake systems to transmission and engine elements. Need for metal casting is increasing due to rising demand for lightweight and fuel-efficient cars. Another significant user of metal casting products is the building sector. Buildings, bridges, and other infrastructure projects frequently utilize metal casting goods.

Moreover, necessity for components that are lightweight, high-performing, and durable  in the aerospace industry is also expected to drive market revenue growth. Demand for metal casting products created from recycled materials is rising because of the increasing emphasis on lowering carbon footprint and achieving sustainability goals. These are more affordable and environmentally benign as recycled metals use less energy to produce and generate less trash. The metal casting process has been more efficient, labour costs have decreased, and product quality has improved as a result of use of automation, robots, and Artificial Intelligence (AI). Furthermore, rising trend in the metal casting industry is use of 3D Printing technology, which makes it simple for manufacturers to create complicated and unique components.

However, availability of skilled labour, rigorous emission and waste management requirements, and rising raw material costs are  major factors, which could restrain market revenue growth. 铸件展-铸件采购会-国际铸件展-铸造工业展-2024第二十四届广州国际铸件产品及铸造工业展会-巨浪展览-The 24th China(Guangzhou )Int’l Casting product Exhibition 2024铸件展，2024铸件展会，2024广州铸件展，2024中国铸件展会，2024广州铸件展，2024广州铸件展会， 2024压铸件展，2024压铸件展览会，广东铸件展，广东铸件展会， 中国铸件展,中国铸件展览会，铸造工业展，2024铸造工业展-casting Industry Exhibition,casting expo, 2024 casting exhibition, 2024 casting expo, China casting exhibition, China casting expo,casting Industry event,casting event, 2024 casting event,casting event 2024, China casting event, China casting event