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Global Industrial Castings Market 2016-2020

About Industrial Castings

Metal casting is a manufacturing process in which metal (molten or liquid) is poured into a mold made of sand or ceramic plaster. The mold contains a hollow cavity of the desired shape to form geometrically complex parts. Metal casting finds application in planes, trains, mining, construction, electrical equipment, oil wells, pipes, toys, space shuttles, wind turbines, and nuclear plants.

Technavio’s analysts forecast the global industrial castings market to grow at a CAGR of 1.88% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial castings market for 2016-2020. To calculate the market size, the report presents individual market size and forecasts by geography have been provided with detailed analysis for each segment.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Castings Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alcast Technologies
  • Alcoa Howmet
  • Kobe Steel
  • Brakes India
  • Dandong Foundry
Other prominent vendors
  • ACAST
  • AMCOL Metalcasting
  • Amsteel Castings
  • Anhui Yingliu Electrochemical
  • Benton Foundry
  • Bodine Aluminum
  • Brantingham Manufacturing
  • Consolidated Metco (ConMet)
  • Decatur Foundry
  • Dynacast International
  • ESCO
  • Georg Fischer
  • Gibbs Die Casting
  • Gravity Cast
  • Grede Holdings
  • Grupo Industrial Saltillo SAB de CV
  • Hinduja Foundries
  • Hitachi Metals
  • Hua Dong Teksid
  • Hyundai Steel
  • JCFC
  • Leggett & Platt
  • Martinrea Honsel Germany
  • Nucor
  • OSCO Industries
  • Pacific Steel Casting
  • Peekay Steel Castings
  • Precision Castparts
  • Qingdao Tian Hua Yi He Foundry Factory
  • Ryobi
  • Schuler
  • ACO Group
Market driver
  • Augmented demand from aerospace, defense, and telecom sectors.
  • For a full, detailed list, view our report
Market challenge
  • Environmental degradation.
  • For a full, detailed list, view our report
Market trend
  • Modern alternative casting methods gaining momentum.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Castings Market 2016-2020

Technavio recognizes the following companies as the key players in the global industrial castings market: Alcast Technologies, Alcoa Howmet, Kobe Steel, Brakes India, and Dandong Foundry.

Other prominent vendors in the market are: ACAST, AMCOL Metalcasting, Amsteel Castings, Anhui Yingliu Electrochemical, Benton Foundry, Bodine Aluminum, Brantingham Manufacturing, Consolidated Metco (ConMet), Decatur Foundry, Dynacast International, ESCO, Georg Fischer, Gibbs Die Casting, Gravity Cast, Grede Holdings, Grupo Industrial Saltillo SAB de CV, Hinduja Foundries, Hitachi Metals, Hua Dong Teksid, Hyundai Steel, JCFC, Leggett & Platt, Martinrea Honsel Germany, Nucor, OSCO Industries, Pacific Steel Casting, Peekay Steel Castings, Precision Castparts, Qingdao Tian Hua Yi He Foundry Factory, Ryobi, Schuler, and ACO.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is simulation-based castings. Simulation-based casting is used to produce cost-effective, reliable, and high-precision components. Also, simulation-based casting is used to increase casting yield and reduce the shop floor time. By using simulation-based casting, we can predict the defects and their location easily compared with conventional casting besides being able to analyze and optimize the feed ability of the casting process.”

According to the report, one of the primary drivers in the market is augmented demand from aerospace, defense, and telecom sectors. Aluminum die casting process, along with forging techniques, is widely used in the aerospace and defense sectors. There has been a rise in demand for aluminum and other lightweight alloys over steel for use in the manufacture of aircraft bodies and the corresponding parts, as these metals reduce the weight of the overall aircraft to a great extent.

Further, the report states that one major challenge in the market is volatile raw material prices. Major steel casting manufacturers worldwide are under stress to improve their profit margins due to volatile prices of raw materials and declining prices of steel casting products. This has a greater impact on steel producers that maintain long-term raw material supply contracts. These producers are integrating their upstream operations vertically to overcome these concerns and remain competitive in the market. Also, this will allow them to gain more control over raw material prices.

Companies Mentioned

Alcast Technologies, Alcoa Howmet, Kobe Steel, Brakes India, Dandong Foundry, ACAST, AMCOL Metalcasting, Amsteel Castings, Anhui Yingliu Electrochemical, Benton Foundry, Bodine Aluminum, Brantingham Manufacturing, Consolidated Metco (ConMet), Decatur Foundry, Dynacast International, ESCO, Georg Fischer, Gibbs Die Casting, Gravity Cast, Grede Holdings, Grupo Industrial Saltillo SAB de CV, Hinduja Foundries, Hitachi Metals, Hua Dong Teksid, Hyundai Steel, JCFC, Leggett & Platt, Martinrea Honsel Germany, Nucor, OSCO Industries, Pacific Steel Casting, Peekay Steel Castings, Precision Castparts, Qingdao Tian Hua Yi He Foundry Factory, Ryobi, Schuler, ACO.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Segmentation by types of castings
    • Segmentation by end-users
    • Segmentation by geography
      • Table Key countries in each geographical region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Casting process overview
      • Table Comparison of different casting production methods
  • Market landscape
    • Market size and forecast
      • Table Global industrial castings market 2015-2020 (metric tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by material
    • Market overview
      • Table Market segmentation by materials 2015 and 2020
    • Ferrous casting
      • Table Global ferrous castings market by materials 2015 and 2020
      • Table Global Ferrous castings market 2015-2020 (metric tons)
      • Table Global iron castings market by product type 2015 and 2020
      • Table Popular grades of gray iron
      • Table Popular grades of ductile iron
    • Non-ferrous casting
      • Table Global non-ferrous casting by types of material used 2015 and 2020
      • Table Global non-ferrous castings market 2015-2020 (metric tons)
      • Table Global price and production of aluminum 2011-2015 (thousand metric tons)
      • Table Global aluminum market by product 2015
      • Table Advantages of aluminum in automobile castings
      • Table Global magnesium market by application 2015
  • Market segmentation by end-user
    • Market overview
      • Table Market segmentation by end-user 2015 and 2020
    • Global industrial castings market for automotive industry
      • Table Global industrial castings market for automotive industry 2015-2020 (metric tons)
    • Global industrial castings market for industrial machinery applications
      • Table Global industrial castings market for industrial machinery 2015-2020 (metric tons)
  • Geographical segmentation
    • Market overview
      • Table Market segmentation by geography 2015 and 2020
    • APAC
      • Table Industrial castings market in APAC 2015-2020 (metric tons)
      • Table Passenger car production in APAC 2013-2015 (number of units)
    • EMEA
      • Table Industrial castings market in EMEA 2015-2020 (metric tons)
      • Table Passenger car production in top four countries in Europe 2013-2015 (units)
    • Americas
      • Table Brief snapshot of metal casting in US, Canada, and Mexico
      • Table Industrial castings market in Americas 2015-2020 (metric tons)
      • Table US foundry shipments of aluminum castings for cars and light truck industry 2007-2014 ($ millions)
  • Market drivers
    • CO2 emissions spurring demand for lightweight feature
      • Table Possible reduction in weight using aluminum die cast parts in automobiles
      • Table Global light vehicle production 2013 and 2014 (million units)
      • Table Estimated global lightweight vehicle production 2018, 2020, and 2022 (million units)
      • Table Auto sales in Brazil, Russia, India, and China 2014 and 2015 (millions of units)
    • Augmented demand from aerospace, defense, and telecom sectors
      • Table Top 10 defense spending nations 2015 ($ billions)
      • Table International passenger traffic growth January-February 2016
      • Table Global commercial flights delivery by region 2015-2034
      • Table 4G versus 5G: Features
      • Table Smartphone penetration by leading developed and developing nations, 2014 and 2015
    • X-ray casting defect recognition
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Environmental degradation
    • Energy intensiveness
      • Table Energy uses in metal casting 2015
    • Volatile raw material prices
      • Table Projected average freight on board steel prices in different countries 2014-2019 ($ per metric ton)
      • Table London metal exchange steel scrap prices November 2015-July 2016 ($ per metric tons)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Simulation-based castings
      • Table Reasons justifying casting simulation
    • OEE method increasing productivity
      • Table OEE method
    • Automation in die casting process
      • Table Business drivers for automation of die casting process
    • Modern alternative casting methods gaining momentum
      • Table Alternative casting processes
  • Vendor landscape
    • Competitive landscape
    • Factors of competition
      • Table Factors of competition
      • Table Key vendors
    • Other prominent vendors (illustrative list)
  • Key vendor analysis
    • Alcast Technologies
      • Table Alcast Technologies: Product and service segmentation
    • Alcoa Howmet
      • Table Alcoa Howmet: Product segmentation
    • Kobe Steel
    • Brakes India
      • Table Brakes India: Product segmentation
      • Table Brakes India: Product offerings
    • Dandong Foundry
      • Table Dandong Foundry: Product segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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