Metal Casting Market Size, Share, Growth Analysis, By Process (Gravity Casting, High-Pressure Die Casting (HPDC), Low- Pressure Die Casting (LPDC), and Sand Casting), By Material Type (Aluminum Casting, Cast iron, Magnesium Casting, Zinc Casting), By Application (Automotive & Transportation, Industrial, Building & Construction, and Others), By Region - Industry Forecast 2024-2031

Metal Casting Market size was valued at USD 151.94 billion in 2022 and is poised to grow from USD 160.75 billion in 2023 to USD 252.37 billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031).

Metal castings are utilised in a variety of different industries, including those that deal with transportation, heavy machinery, machine tools, plant machinery, defence, electrical equipment machines, hardware, homes, and art pieces. The market for metal casting is expanding incredibly quickly due to upcoming demand from developing industries. In the metal casting market, transportation and heavy equipment account for 50% of casting consumption. The primary driving force behind the metal casting market's expansion is the body assembly component used in the production of vehicles. During the forecast period, the global metal casting market is anticipated to have considerable expansion due to the rising adoption of X-ray casting flaw detection systems. Additionally, process inspectors are now able to find any casting errors thanks to technology like digital imaging and radiography, which is expected to propel the metal casting market's expansion. Manufacturers have developed simulation-based castings as a result of the deteriorating environmental conditions in an effort to cut waste and operating expenses.

US Metal Casting Market is poised to grow at a sustainable CAGR for the next forecast year.