Europe Metal Casting Market to Reach US$ 37.5 Billion by 2032, Impelled by Significant Growth of Automotive Industry

May 01, 2023 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Europe Metal Casting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the Europe metal casting market size reached US$ 27.7 Billion in 2023. Metal casting is a manufacturing process used to create solid metal objects of various shapes and sizes. It involves pouring molten metal into a mold made of non-ferrous metals, such as zinc, copper, magnesium, lead, pewter, and tin-based alloys, where it solidifies and takes on the shape of the mold. The process can be used to cast a variety of metals, including gray iron, ductile iron, aluminum, steel, copper, and zinc. Metal casting can be performed using various techniques, such as sand casting, investment casting, die casting, and centrifugal casting. It is an essential and versatile manufacturing process that is used to create a wide range of products, including automotive parts, machine components, and household items.

Europe Metal Casting Market Trends:

The bolstering growth of the automotive industry, driven by the increasing demand for commercial vehicles, changing consumer preferences, and ongoing technological advancements, represents the key factor influencing the Europe metal casting market growth. Besides this, rapid urbanization and industrialization, the expanding automation of various business processes, and the surging demand for aircraft, helicopters, and other aerial vehicles are positively impacting the market growth. Moreover, the use of metal casting reduces manufacturing costs, improves energy efficiency, and helps create innovative new cast products, which, in turn, is providing a favorable outlook for the market. In addition to this, the implementation of stringent regulations on carbon emissions of vehicles by various governing authorities in the region is propelling the demand for lightweight metal casting products, which is aiding in market expansion. Furthermore, innovative technological advancements, such as computer-based visualization for die casters, are presenting remunerative growth opportunities for the market. Concurrent with this, the development of advanced materials with superior properties and the increasing use of high-performance alloys, such as stainless steel, titanium, and cobalt, in automotive and aerospace applications are contributing to the market growth. Looking forward, the market value is projected to reach US$ 37.5 Billion by 2032, expanding at a CAGR of 3.3% during 2024-2032.

Market Summary:

On the basis of the process, the market has been segregated into sand casting, gravity casting, high-pressure die casting (HPDC), low-pressure die casting (LPDC), and others.
Based on the material type, the market is segmented into cast iron, aluminum, steel, zinc, magnesium, and others.
On the basis of the end use, the market has been divided into automotive and transportation, equipment and machine, building and construction, aerospace and military, and others.
On the basis of the country, the market has been segmented into Germany, France, the United Kingdom, Italy, Spain, and others.
The competitive landscape of the industry has also been examined, covering the competitive structure and key player profiles.

Automotive And Transportation Market Summary:

Based on the component, the market is classified into alloy wheel, clutch casing, cylinder head, cross car beam, crank case, battery housing, and others.
On the basis of the vehicle type, the market has been categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles.
Based on the electric and hybrid type, the market is differentiated into hybrid electric vehicles (HEV), battery electric vehicles (BEV), and plug-in hybrid electric vehicles (PHEV).
On the basis of the application, the market has been segregated into body assemblies, engine parts, transmission parts, and others.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Process, Material Type, End Use, Component, Vehicle Type, Electric and Hybrid Type, Application, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Europe Metal Casting Market to Reach US$ 37.5 Billion by 2032, Impelled by Significant Growth of Automotive Industry

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