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 expected to account for USD 28 billion in 2027.

The rising need focus to reduce the overall weight of vehicles, rapidly increasing usage of light materials to produce high-quality components, growing emphasis on reducing overall emissions for a safer environment, and improving vehicle efficiency regarding fuel consumption are some of the major factors driving the expansion of the Europe automotive casting market.

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For those unaware, using lightweight materials like aluminum, magnesium alloys, high-strength steel, and carbon fiber for different components reduces the vehicle's body weight by almost 50%, which allows the engines to run efficiently and consume lesser fuel.

Europe’s demand for energy-efficient vehicles is growing, the need to have lighter components is seeing an upward trend, which in turn is favoring the regional market outlook.

Based on material type, the aluminum segment was valued at over USD 11.5 billion in 2020 and is expected to witness substantial growth over the forecast period, owing to the high demand for energy-efficient vehicles and lighter components as well as focus toward reducing vehicle weight and improving fuel efficiency.  

Moving on to the process type, the die casting segment is estimated to gain significant momentum through 2027, on account of being highly cost-effective, durable, high dimensional accuracy, and helps in reducing the number of production processes, further saving time and raw materials required.

Elaborating on the application landscape, the engine segment is predicted to capture nearly 40% share of the Europe automotive castings market by 2027, primarily attributed to creating growing demand for vehicles that can endure extreme weather conditions as well as are highly functional, lightweight, and efficient.

From the regional perspective, this business space extends to Germany, the U.K., France, Italy, Spain, Russia, and the rest of Europe.

Dynacast International Inc., Wolf GmbH, CFS Foundry, Impro Engineering Private Limited, Gibbs Die Casting, Zollern GmbH, Zetwerk, Bell Foundry Company, and Ryobi Die Casting (USA), Inc. are some of the leading players operating in Europe automotive casting market.