Global Industrial Casting Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 5 % through 2020 to 2026, reaching nearly US$ XX Bn.

The global Industrial Casting market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Industrial Casting report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Industrial Casting Market Overview:

The global industrial casting market is expected to grow at a CAGR of 5% during the forecast period thanks to rising product demand from various industries including transportation, industrial, building & construction.
Global Industrial Casting Market Dynamics:

Rising product demand from the automotive industry is a major factor driving the global industrial casting market growth. Aluminum parts, the metal of casting are extensively utilized in vehicles in the place of steel and iron components because of their light weight and ability to enhance fuel efficiency. The increasing demand for industrial casting metals like aluminum is high thanks to its intrinsic properties like lightweight, corrosion resistance, and high stability for complex shapes, high electrical and thermal conductivity, and high tensile strength. These factors are expected to be a key driver for the industrial casting market during the forecast period. Increasing usage of simulation-based castings is another factor driving the industrial casting market.

High energy requirement for the industrial casting process is expected to hamper the industrial casting market during the forecast period. Growth in industrialization in emerging economies including India and China, and government initiatives are significant factors that further boost the industrial casting market. Government introduces environmentally friendly rules to decrease pollution by implementing technologies to reduce emissions. This factor is expected to create a lucrative opportunity to fuel the industrial casting industry during the forecast period.
Global Industrial Casting Market Segment Analysis:

By Product, the industrial casting market is segmented into ferrous castings and non-ferrous castings. The non-ferrous product segment is expected to hold the largest market share XX% by 2026. Non-ferrous materials including magnesium, aluminum, copper, and zinc are highly used in lighter parts as well as offer better structural strength.

Global Industrial Casting Market

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By End-User, the market is segmented into transportation, industrial, building & construction, and others. The transportation segment held the largest market share in 2019 and is expected to grow at CAGR of XX% during the forecast period. Strict government norms to control fuel emission and high demand for fuel-efficient vehicles are boosting the industrial casting market in the transportation sector. Applications of metals like aluminum are expected to grow in the aerospace industry. Also, industrial casting metals are used in waterways and trains. These aforementioned factors boost the segment demand in the industrial casting market.

Global Industrial Casting Market Regional Insights:

Asia Pacific is expected to dominate the Industrial Casting Market

Asia Pacific is expected to register XX% growth in the market during the forecast period thanks to the rapid development of the building and construction industry in emerging economies like India and China. Growing population coupled with rising per capita disposable incomes contributes to the increasing demand in the building and construction industry in the Asia Pacific. These factors are expected to drive the industrial casting market in the region.

Stringent government norms in developed economies on the industrial sector to reduce fuel emissions. For instance, the United States Environmental Protection Agency has announced some limitations to reduce greenhouse gas emissions as well as emission levels in the power and automotive industries. Hence, manufacturers are engaged in R & D activities to increase power, reduce the weight of the automobile components, and enhance their fuel efficiency.

The objective of the report is to present a comprehensive analysis of the Global Industrial Casting market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Industrial Casting market dynamics, structure by analyzing the market segments and project the Global Industrial Casting market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Industrial Casting market make the report investor’s guide.
Global Industrial Casting Market Scope: Inquire before buying

Global Industrial Casting Market 3
Global Industrial Casting Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Industrial Casting Market Key Players

• Alcoa
• Ryobi
• Martinrea Honsel
• Gibbs Die Casting
• Alcast
• Hitachi Metals
• Dynacast
• Consolidated Metco
• Precision Castparts
• Avalon Precision Casting
• ESCO Corp.
• Great Lakes Castings LLC
• Impro Precision Industries Ltd.
• KSB SE, and Co. KGaA
• Meridian Lightweight Technologies Inc.
• ThyssenKrupp
• Others

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