Global Metal Casting Market to grow at a CAGR of 6.03% during the period 2016 - 2020; Finds New Report

Report forecast the global metal casting market to grow at a CAGR of 6.03% during the period 2016-2020.

Metal casting is a manufacturing process in which molten or liquid metal is poured into a mold made of sand, metal, or ceramic that contains a hollow cavity of the desired shape. The desired shape allows holding of the molten metal and upon cooling, it forms complex geometrical parts. All major metals can be made into castings and the most common ones are iron, aluminum, magnesium, zinc, steel, and copper-based alloys. Metal castings find application in cars, trucks, planes, trains, mining and construction equipment, oil wells, pipes, toys, space shuttles, wind turbines, nuclear plants, and more.

The report covers the present scenario and the growth prospects of the global metal casting market for 2016-2020. To calculate the market size, the report takes into account the revenue generated from the following product segments:

• Ferrous metal casting
• Non-ferrous metal casting

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver is the rise in the production of light vehicles. The demand for light vehicles is expected to rise in all regions other than in Japan and South Asia. In South Asia, the demand is expected to undergo a slow growth due to lack of major automobile manufacturers. Japan’s automobile sector majorly exports to European and American countries. Japan’s automobile sector consists of some of the most innovative and technologically advanced products.

Further, the report states that one challenge that could impact market growth is the increase in energy requirements. Metal casting requires much more energy for plant operation and its final casting of finished products. In metal casting, maximum natural gas is used for treating metals followed by electricity.

Global Metal Casting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global metal casting market: Alcoa, Bharat Forge, Hitachi Metals, and Precision Castparts.

Other Prominent Vendors in the market are: AMCOL Metalcasting, Georg Fischer, Schuler Group, and ThyssenKrupp.

Market driver

• Rise in production of light vehicles
• For a full, detailed list, view our report

Market challenge

• Increased energy requirements
• For a full, detailed list, view our report

Market trend

• Growth of renewable energy castings
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 36 Exhibit “Global Metal Casting Market 2015 - 2019” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by end-users, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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