The Business Research Company’s report on the Automotive Casting Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the automotive casting industry?
The increase in vehicle production is expected to propel the growth of the automotive casting market going forward. Vehicle production refers to manufacturing automobiles through assembly and fabrication stages, including passenger cars, commercial vehicles, and electric vehicles. The increase in vehicle production is due to rising global demand, advancements in manufacturing technology, and supportive government policies. As economies grow and consumer purchasing power improves, more people seek personal and commercial vehicles, driving up production. Automotive casting plays a crucial role in vehicle production by enabling the mass manufacturing of high-strength, lightweight, and precision-engineered components essential for engine performance, structural integrity, and overall vehicle efficiency. For instance, in 2023, according to the International Organization of Motor Vehicle Manufacturers (OICA), a France-based international association of automobile manufacturers, the global automotive sector saw significant growth in 2023, with total vehicle production reaching 93.55 million units, up from 85.02 million units in 2022. Therefore, the rising vehicle production is driving the growth of the automotive casting market.
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What is the estimated market size of the automotive casting sector by 2029, based on current forecasts?
The automotive casting market size has grown strongly in recent years. It will grow from $101.51 billion in 2024 to $107.97 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing automotive production, growth in passenger car demand, increasing demand for lightweight vehicles, growth in demand for enhanced surface finishes, and rising focus on automation.
The automotive casting market size is expected to see strong growth in the next few years. It will grow to $137.30 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for electric vehicles, rising adoption of innovative die-casting solutions, growth in precision and reliability of die-cast components, rising adoption of advanced manufacturing techniques, and rising need for cast components. Major trends in the forecast period include the integration of computer-aided engineering, the development of casting technology, the integration of hybrid metal-composite materials, the development of new alloys, and advancements in squeeze casting.
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Who are the top players in the automotive casting market?
Major companies operating in the automotive casting market are Rheinmetall Automotive AG, Linamar Corporation, Nemak S.A.B. de C.V., Bühler AG, Sundaram-Clayton Limited, Rockman Industries Limited, Dynacast International Inc., Endurance Technologies Limited, Ahresty Corporation, Teksid S.p.A., Pace Industries LLC, Impro Industries USA Inc., Metal Technologies Inc., Ryobi Die Casting (USA) Inc., Gibbs Die Casting Corporation, Atek Metal Technologies LLC, Chicago White Metal Casting Inc., Cadillac Casting Inc., Aisin Automotive Casting LLC, Georg Fischer Automotive
What are the major trends in the automotive casting market?
Major companies operating in the automotive casting market are focusing on developing innovative technologies, such as die-casting systems, to reduce manufacturing costs, boost efficiency, and produce lighter vehicle parts. A die-casting system is a manufacturing process used to produce metal parts by injecting molten metal into a mold (or die) under high pressure. This system is typically used for creating intricate, high-precision components made from non-ferrous metals such as aluminum, zinc, and magnesium. For instance, in June 2023, Buhler Holding AG, a Switzerland-based plant equipment manufacturer, introduced its Carat 840 mega-casting solution to European customers. This advanced die-casting system is designed to produce large, high-strength structural components, particularly for the automotive industry. It offers high precision, efficiency, and scalability, enabling manufacturers to produce complex aluminum parts in a single casting process, reducing assembly requirements, and enhancing vehicle performance.
Which geography holds the highest automotive casting market share?
Asia-Pacific was the largest region in the automotive casting market in 2024. The regions covered in the automotive casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the automotive casting market?
The automotive casting market covered in this report is segmented –
1) By Material Type: Iron, Steel, Aluminum, Other Materials
2) By Process Type: Sand Casting, Die Casting, Investment Casting, Other Processes
3) By Application Type: Engine, Transmission And Suspension, Brakes And Wheels, Other Applications
4) By Distribution Channel Type: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Iron: Gray Iron Casting, Ductile Iron Casting, Malleable Iron Casting
2) By Steel: Carbon Steel Casting, Alloy Steel Casting, Stainless Steel Casting
3) By Aluminum: High-Pressure Die Casting (HPDC), Low-Pressure Die Casting (LPDC), Gravity Die Casting, Sand Casting
4) By Other Materials: Magnesium Casting, Zinc Casting, Copper and Bronze Casting
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What defines the structure and scope of the automotive casting market?
Automotive casting is a manufacturing process in which molten metal is poured into a mold to produce vehicle components. It allows for creating complex, durable parts with precise shapes, making it cost-effective for mass production. Automotive casting is widely used to manufacture engine blocks, cylinder heads, suspension components, and other critical parts.
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