Global Automotive Casting Market

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.

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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).

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. 'Nemak', 'Linamar Corporation', 'Chicago White Metal Casting', 'Shiloh Industries', 'Gibbs Die Casting Corporation', 'Rheinmetall Automotive AG', 'Martinrea International Inc.', 'Dynacast', '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.'

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.

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.

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.

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Global Automotive Casting Market

Report ID: SQMIG25AG2022

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