According to the research report titled ‘Global Automotive Metal Casting Market Size by Application (Body Assembly, Engine, and Transmission), by Material (Aluminum Casting, Cast Iron, Magnesium Casting and Zinc Casting) and Regional Forecasts 2021-2027’, available with Market Study Report, global automotive metal casting market was estimated at USD 107.2 billion in 2020 and is anticipated to amass USD 159.07 billion by 2027, expanding at 5.8% CAGR between 2021-2027.
 

Growing vehicle sales, backed by rising population is key factor driving global automotive metal casting industry expansion. Strict government regulations for protection of environment by reducing vehicular emissions will spur market growth as well.
 

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For the unaware, metal casting is used to make vehicle parts such as rims, piston, and structure out of aluminum for decreased overall vehicle weight. The process involves pouring melted metal into molds of geometric shapes and allowing it to cool down and solidify till it is ready for use.
 

The report also cites that innovations have enabled leading companies to manufacture more complex parts with ease while reducing weight and thickness. The United States Office of Energy Efficiency & Renewable Energy launched a program named FreedomCAR & Vehicle Technologies, with an aim to develop more environment friendly and energy efficient transportation.
 

On the other hand, temporary shutdown of production facilities owing to the covid-19 pandemic and high cost of casting complex structures are poised to hamper industry proliferation over the analysis period.
 

Based on application scope, worldwide automotive metal casting industry is divided into body assembly, transmission, and engine. Speaking of material, the market sphere is bifurcated into cast iron, aluminum casting, zinc casting, and magnesium casting.
 

From the regional frame of reference, Asia Pacific captured majority of global automotive metal casting industry share in the past year and is anticipated to expand rapidly between 2021-2027, owing to availability of cheap labor, and increasing vehicle production.
 

Key players profiled in the report are Gibbs Die Casting Corporation, Nemak S.A.B de C.V., Aisin Automotive Casting LLC, Ryobi Limited, GF Casting Solutions AG, Mino Industry Co. Ltd., Rheinmetall Automotive AG, Endurance Technologies Limited, Ahresty Corporation, and Dynacast.