According to the research report titled ‘Automotive Casting Market Size By Material (Iron, Steel, Aluminum), By Process (Sand Casting, Die Casting, Investment Casting), By Application (Engine, Transmission & Suspension, Brakes & Wheels), By Distribution Channel (OEM, Aftermarket), By Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers), COVID19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, automotive casting market is expected to garner notable returns by the year 2027.
 

Surging demand for light weight suspension & transmission components, technological advancements in automotive sector, and inclination towards lightweight vehicle production are the growth determining factors for automotive casting market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3878225/

For the uninitiated, casting items made of non-ferrous and ferrous metals, as well as their alloys, have a huge demand in the vehicle sector. Automobile components that are light in weight, inexpensive, and easy to move are made using a variety of casting techniques.

Aluminum die casting and zinc die casting, for example, are two of the most often utilized procedures for making automotive casting equipment. Casting is occasionally used to create intricate shapes that would be difficult or expensive to produce using other methods.

Based on material, the steel segment of automotive casting industry is expected to hold 9% revenue share during the forecast period.

In terms of process, investment casting segment is poised to grow at a CAGR of 3% over the assessment period. The process involves utilization of disposable wax pattern for manufacturing different vehicle parts. Additionally, the others segment is anticipated to surpass 5,000 kilo tons by the end of 2027.

Speaking of application scope, transmission & suspension segment is expected to generative notable revenues during the analysis timeframe, owing to widespread incorporation of lightweight components. Whereas, the others segment is slated to grow at a CAGR of 3% over the next six years.

Considering the regional landscape, North America market is anticipated to hold a substantial revenue share by 2027, owing to different technological breakthroughs, along with the increasing usage of lightweight materials in vehicle production.

Meanwhile, Latin American market size is reckoned to expand with a CAGR of 3.5% during the forecast period, and Middle East & Africa industry is predicted to amass a valuation of USD 5 billion by the end of 2027.

The key players in automotive casting marketplace are Endurance Technologies Ltd., Dandong Dawang Steel Castings Co. Ltd., Regensburger Druckgusswerk Wolf GmbH, Sunrise Metal Technology Co. Ltd., Feralloy Corporation, CFS Foundry, Zetwerk Manufacturing Businesses Pvt. Ltd., Impro Precision Industries Limited, Bell Foundry Company, ZOLLERN GmbH & Co. KG, Elcee Auto Financiers Private Ltd., Gibbs Die Casting Corporation, Ryobi Limited, Pace Industries, Inc., and Dynacast.