Global Metal Casting Market Analysis: Trends, Opportunities, and Forecast 2023-2030
The global metal casting market was valued at USD 136.71 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. Several factors are driving this market growth, with one of the primary drivers being the increasing demand for metal cast products, especially from the automotive sector. Metal casting is a widely used manufacturing process that involves pouring molten metal into molds or dies to create components with complex shapes and large sizes. This process is particularly beneficial for producing parts used in a variety of industrial applications, including automotive, industrial machinery, healthcare, telecommunications, and construction. A key factor contributing to the growth of the metal casting industry is the regulatory pressure on automakers to improve fuel efficiency and reduce emissions. Governments around the world have implemented stringent pollution control and energy efficiency regulations, particularly in the automotiv...