USD 96.85 billion
Automotive Casting Market Size, Share, Growth Analysis, By Material(Iron, Steel, Aluminum, and Others), By Process(Sand casting, Die casting, Investment casting, and others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25AG2022 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
65
|Figures:
75
Automotive Casting Market Insights
Automotive Casting Market size was valued at USD 102.27 Billion in 2023 and is poised to grow from USD 108 Billion in 2024 to USD 167.01 Billion by 2032, growing at a CAGR of 5.60% during the forecast period (2025-2032).
Growing automotive manufacturing activity around the world is driving the automotive casting market. Using automotive casting, vehicle manufacturers can create important and intricate components used for vehicle manufacturing. Die casting, investment casting, and sand casting are some of the popular types of casting methods used to make transmission housing, engine blocks, heads, etc,
High sales of vehicles around the world and growing demand for different automotive components are boosting demand for automotive casting around the world. The need for a steady supply of cast vehicle parts is creating new opportunities for automotive casting companies. Growing demand for efficiency from vehicles has led to the rising use of aluminum and magnesium cast components.
Innovations in casting technology to cast complex components with utmost precision and reduced defects are also driving automotive casting market growth. Demand for enhanced surface finish is also boosting innovation in this marketplace. Automotive casting market players are focusing on incorporating automation and other advanced technologies to improve productivity and reduce the costs of the automotive casting process.
Unique design requirements of electric vehicles (EVs) are projected to offer a plethora of new opportunities for automotive casting providers and force them to innovate with lighter materials as EVs are being built with lighter materials to improve their range and efficiency. The imposition of strict safety mandates and advancements in casting technology are also slated to boost market growth in the long run.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Aluminum
Fastest Growth
Aluminum
Growth Rate
5.60% CAGR
Global Automotive Casting Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Casting Market Segmental Analysis
The global automotive casting market is segmented on the basis of material, process, application, distribution channel, vehicle, and region. Based on Material, the market is bifurcated into iron, steel, aluminum, others. On the basis of Process, the market is segmented into sand casting, die casting, investment casting, and others. Based on application, the market is divided into Engine, Transmission and suspension, Brakes and wheels, and others. On the basis of distribution channel, the market is segmented into OEMs and aftermarket. Based on vehicle, the market is bifurcated into passenger cars, light commercial vehicles, heavy commercial vehicles, and two wheelers. On a regional level, the market is divided into North America, Europe, Middle East and Africa, Asia-Pacific, and Latin America.
Analysis By Material
Surging demand for lightweight components in vehicles to optimize efficiency and reduce emissions has led to high demand for aluminum casting around the world thereby allowing it to hold a dominant market share. Rising focus on improving vehicle performance and high demand for lightweight components from electric vehicles are also estimated to favor growth in this segment over the coming years. Engine blocks, transmission housings, and cylinder heads are some key components being made by using aluminum casting techniques.
Steel casting is projected to gain popularity at a rapid pace over the coming years. Advancements in steel casting technology are contributing to its popularity and lightweight steel alloys offer superior strength while reducing vehicle weight. Using steel casted components also improves the safety of the vehicle as it is more stronger compared to aluminum. Imposition of strict vehicle safety mandates is estimated to uplift the demand for steel-casted vehicle components in different parts of the world over the coming years.
Analysis By Process
Die casting is extensively used in the automotive casting marketplace and accounts for a prominent share as well. The efficient nature of die casting makes it a preferred choice for the manufacturing of high-precision and complex vehicle components on a global level. The process involves the injection of molten metal in a mold (die) under high-pressure conditions to make high-quality automotive parts. Engine components and transmission components are extensively manufactured using the die casting process allowing it to hold a large automotive casting market share.
Demand for investment casting is forecasted to increase at a notable pace in the global market over the coming years. It is also known as precision casting owing to its ability to create highly intricate and precise automotive components with little to no waste at all. Automotive parts that have precise and intricate geometry such as superchargers, turbochargers, and exhaust manifolds are being manufactured using investment casting processes. Rising awareness regarding the benefits of the investment casting process is projected to bolster its adoption among all major and minor automotive manufacturers around the world.
Global Automotive Casting Market By Material
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Automotive Casting Market Regional Insights
Asia Pacific accounts for the dominant share of the global automotive casting market with China leading the charge. China is the biggest automotive manufacturer in the world and the growing transition to electric vehicles is boosting automotive manufacturing in the country. The presence of robust automotive component manufacturing facilities in this region also contributes to its colossal market share. Increasing disposable income of people in this region has boosted the sales of vehicles thereby creating an opportune scenario for automotive casting companies as well. Growing export of automotive components from Asian countries to different parts of the world is also creating new growth opportunities.
Meanwhile, North America accounts for the second-largest share of the global market. The presence of key automotive manufacturers, growing demand for energy-efficient vehicles, and implementation of stringent safety mandates are creating a high demand for novel automotive casting processes in this region. The United States accounts for a massive chunk of automotive casting revenue share in North America. Surging sales of heavy trucks and passenger cars in this region are also creating attractive automotive casting market growth potential.
Global Automotive Casting Market By Geography
- Largest
- Fastest
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Automotive Casting Market Dynamics
Drivers
Increasing Automotive Production:
- Rising disposable income in developing economies and the growing popularity of electric vehicles are key factors that are promoting automotive production around the world and driving demand for automotive casting as well.
Lightweighting Initiatives:
- Lightweight vehicles are more fuel efficient and produce less emissions, and in this era of sustainability, most car companies are vying to attain this. Automotive manufacturers are using a casting process to create lightweight automotive components to comply with stringent emission mandates.
Restraints
Environmental Concerns:
- Emissions of greenhouse gasses and foundry waste have generated major environmental concerns as they tend to hurt the environment. Implementation of strict mandates to curb pollution from the manufacturing industry could limit automotive casting market growth.
Supply Chain Disruptions:
- Availability of raw materials required for automotive casting can be hampered by supply chain disruptions, natural disasters, and trade disputes leading to production delays and slowing down the overall automotive sector growth in the long run.
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Automotive Casting Market Competitive Landscape
Automotive casting companies are focusing on expanding the scope of their services to different automotive manufacturers around the world. The market can be characterized as fragmented owing to the presence of several regional and international automotive casting providers. Automotive casting companies are also adopting advanced casting technologies to improve their efficiency and productivity while complying with the changing industry requirements. The rising sales of electric vehicles (EVs) around the world are also slated to catalyze the demand for automotive casting in the future. Market players will focus on providing high-performance and lightweight automotive components as the focus on emission reduction increases among different automotive companies around the world. Automotive casting suppliers are also focusing on increasing the use of innovative alloys to meet the changing design and structural requirements of different vehicles.
Top Player’s Company Profile
- Nemak
- Linamar Corporation
- Shiloh Industries
- Gibbs Die Casting Corporation
- Rheinmetall Automotive AG
- Sandhar Technologies
- GF Automotive
- Endurance Technologies
- Ryobi Limited
- Aisin Automotive Casting
- Atek Metal Technologies
- Teksid S.p.A.
- Castech, Inc.
- Mino Industrial
- Zynp Corporation
- Ahresty Corporation
- Ryobi Die Casting Inc.
Recent Developments
- The opening of a new casting plant to provide aluminum casting for automotive applications was announced by Thyssenkrupp AG in April 2023.
- A new lightweight aluminum casting process was developed by Mahle International GmbH in May 2023. Adoption of this new process was estimated to reduce automotive casting weight by up to 30% and help automotive companies enhance fuel efficiency and reduce emissions as well.
- ERG Casting Solutions, a renowned provider of sand castings for the automotive industry was acquired by Sandvik AB in March 2023. The acquisition will help Sandvik AB to expand its product portfolio and reach new markets.
Automotive Casting Key Market Trends
- Lightweight Materials: Efforts to reduce the weight of vehicles have led to the adoption of lightweight automotive components made from materials such as magnesium and aluminum. Growing demand for electric vehicles is also estimated to bolster the demand for lightweight materials in the automotive casting industry going forward.
- 3D Printing and Additive Manufacturing: The casting industry is witnessing some major changes as the adoption of 3D printing and additive manufacturing increases in the automotive industry. Rapid prototyping and easy creation of complex parts are some added benefits that allow new technologies to change the course of automotive casting market growth in the long run.
Automotive Casting Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component type’s team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, the global automotive casting market plays a pivotal role in the automotive manufacturing ecosystem, encompassing various regions and segments. Growing demand for lightweight and high-performance automotive components is promoting the adoption of automotive casting processes around the world. Engine components, transmission, components, and automotive structural components are being made through automotive casting processes. Rising sales of electric vehicles and a rising focus on making vehicles lightweight to reduce fuel consumption and emissions are also offering new growth opportunities in the marketplace. However, environmental concerns associated with advanced automotive casting processes and supply chain disruptions are forecasted to be key restraints hindering automotive casting market growth in the future. Asia-Pacific stands as the largest and most prominent region in this market, primarily driven by China's formidable automotive industry. Adoption of advanced casting technologies and lightweight materials are trends that are slated to open up highly attractive new moneymaking opportunities for automotive casting market players in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 102.27 Billion |
| Market size value in 2032 | USD 167.01 Billion |
| Growth Rate | 5.60% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Casting Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Casting Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Casting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Casting Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Casting Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Casting Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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