According to the research report titled, ‘Europe Automotive Casting Market Forecast 2027 By Application, By Material, By Process, By Distribution Channel, By Vehicle, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe automotive casting market is anticipated to reach a valuation of USD 28 billion by 2027.
 

As per the report findings, growing need to decrease the overall weight of vehicles is the primary factor propelling Europe automotive casting market growth. Furthermore, rising government initiatives to reduce emission rates is prompting automotive industry players to adopt new ways to improve vehicle efficiency which is in turn stimulating the market outlook.
 

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On the basis of distribution channel, the industry sphere is classified OEM and aftermarket. With respect to vehicle type, the market is divided into light commercial vehicles, passenger vehicles, heavy commercial vehicles, and two-wheelers.
 

By material, the marketplace is split into iron, steel, aluminum, and others. The aluminum segment was worth USD 11.5 billion in 2020, owing to its ability of reducing vehicle weight, cost effectiveness and ecofriendly nature.
 

Based on process type, Europe automotive casting industry is split into investment casting, sand casting, die casting, and others. Among these, die casting segment is expected to showcase lucrative progression trends through 2027, as it is one of the easiest, most cost-effective processes that produces exceptionally durable and dimensionally accurate components.
 

In terms of application reach, the market is bifurcated into engine, transmission & suspension, brakes & wheels, and others. The engine segment is projected to capture a market share 40% by 2027, owing to high use of castings during manufacturing of engines, as they are quite complex in functioning and design.
 

WOLF GmbH, CFS Stainless Steel Foundry, Zetwerk Manufacturing Businesses Pvt. Ltd., Impro Precision Industries Ltd., Bell Foundry Co., Zollern GmbH & Co. KG, Gibbs Die Casting Corporation, Ryobi Ltd., and Dynacast LLC are the leading players defining the competitive arena of Europe automotive casting market.