According to IMARC Group’s latest report, the Asia Pacific metal casting market is currently witnessing moderate growth 2014-2019. Looking forward the market is expected to exhibit moderate growth during the forecast period (2020-2025).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Metal casting stands for the process of pouring hot molten metal into a hollow mold to obtain a solidified part of the desired shape. Metal casts are usually made up of non-ferrous metals, such as zinc, copper, magnesium, lead, pewter, and tin-based alloys. They are mainly adopted for the mass production of metal components with intrinsic shapes. As a result, metal casting is extensively used to manufacture various goods and equipment, ranging from home appliances to critical components for aircraft.
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Market Trends
The expanding automobile sector in the Asia Pacific region has augmented the demand for metal casting in manufacturing numerous automotive components. Metal casting technology helps in improving energy efficiency, reducing carbon emissions, and lowering production costs of vehicles, thereby experiencing a high demand. Moreover, the increasing utilization of metal casting to produce uniform products pertaining to mining and oilfield machinery, pipes and fittings, railroads, combustion engines, etc., is further propelling the market growth in the region. Additionally, several technological advancements have led to the emergence of computer-based visualization for die casters, which are expected to further drive the Asia Pacific metal casting market in the coming years.
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of process, material type, component, vehicle type, electric and hybrid type, application and country.
Breakup by Process:
- Gravity Casting
- High-Pressure Die Casting (HPDC)
- Low-Pressure Die Casting (LPDC)
- Sand Casting
Breakup by Material Type:
- Aluminum
- Cast Iron
- Magnesium
- Zinc
- Others
Breakup by Component:
- Alloy Wheel
- Battery Housing
- Clutch Casing
- Cross Car Beam
- Crank Case
- Cylinder Head
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Breakup by Electric and Hybrid Type:
- Hybrid Electric Vehicles (HEV)
- Plug-In Hybrid Electric Vehicles (PHEV)
- Battery Electric Vehicles (BEV)
Breakup by Application:
- Body Assemblies
- Engine Parts
- Transmission Parts
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020- 2025)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.