Automotive Casting Market Is Driving Business Growth With Various Emerging Technology Till 2027

The automotive casting market is expected to witness a promising rate of growth by 2027 due to rising demand for light weight transmission & suspension components, technological advancements in automotive industry, and surging use of lightweight materials in automotive production.
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The automobile industry provides an immense market for casting products that use non-ferrous and ferrous metals as well as its alloys. Numerous casting techniques are used to produce automobile accessories that are very light in weight, cheap, and are easy to maneuver.
Among others, aluminum die casting and zinc die casting are two of the most commonly used processes for producing automobile casting equipment. Casting is occasionally used for making complex shapes that will otherwise be difficult or extravagant to make by other techniques.
The automotive casting market is bifurcated into different segments in terms of material, process, application, distribution channel, vehicle, and regional landscape.
Based on material, the automotive casting market is classified into aluminum, steel, iron and others. Among these, the steel segment will capture more than 9% market share over the projected time period.
With respect to process, the market for automotive casting is categorized into investment casting, die casting, sand casting, and others. Investment casting segment is slated to grow at a CAGR of 3% over the analysis timeline. Investment casting utilizes a disposable wax pattern for every cast part. Here, the wax is injected straight away into a mold, detached, and then coated with refractory material as well as a binding agent, generally in various stages in order to build up a very thick shell. This casting process is mostly used to manufacture various parts for the automotive industry.
The others segment is expected to cross 5,000 kilo tons by the end of forecast period. Automotive industry has also used centrifugal casting processes to produce iron, steel as well as non-ferrous carbon alloy castings.
Talking of application, the brakes & wheels, transmission & suspension, engine, and others. Rising demand for light weight transmission & suspension components segment will propel the industry growth. The others segment is projected to show around 3% CAGR through the analysis timeline.
On the regional front, various technological advancements in line with surging use of lightweight materials in automotive production will drive the industry expansion within North America.
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Meanwhile, Latin America area displays huge potential for the growth of automotive casting market and is estimated to witness more than 3.5% CAGR over the projected time period.
Automotive casting market in Middle East & Africa will cross more than $5 billion by the end of 2027.
Report Content
Chapter 1   Methodology and Scope
1.1    Methodology
1.2    Base estimation & working
1.2.1    North America
1.2.2    Europe
1.2.3    Asia Pacific
1.2.4    Latin America
1.2.5    Middle East & Africa
1.3    Forecast calculation
1.3.1    COVID-19 impact calculations on industry forecast
1.4    Data sources
1.4.1    Primary
1.4.2    Secondary
1.4.2.1    Paid sources
1.4.2.2    Public sources
Chapter 2   Executive Summary
2.1    Automotive casting market 3600 synopsis, 2017 – 2027
2.1.1    Business trends
2.1.2    Material trends
2.1.3    Process trends
2.1.4    Application trends
2.1.5    Distribution channel trends
2.1.6    Vehicle trends
2.1.7    Regional trends
Chapter 3   Automotive Casting Industry Insights
3.1    Industry segmentation
3.2    COVID-19 impact on industry landscape
3.3    Industry ecosystem analysis
3.3.1    Profit margin analysis
3.3.2    Value addition at each stage
3.3.3    Distribution channel analysis
3.3.4    Vendor matrix
3.4    Industry megatrends
3.5    Innovation & sustainability
3.5.1    Patent analysis
3.5.2    Technology landscape
3.5.3    Future trends
3.6    Industry impact forces
3.6.1    Growth drivers
3.6.1.1    Favorable trends associated with automotive production
3.6.1.2    Stringent regulations associated with vehicle emission levels
3.6.1.3    Rising use of lightweight materials in vehicle manufacturing
3.6.2    Industry pitfalls & challenges
3.6.2.1    High costs associated with few casting processes
3.6.2.2    Temporary shutdown of automotive production facilities due to COVID-19
3.7    Regulatory landscape
3.7.1    North America
3.7.2    Europe
3.7.3    Asia Pacific
3.8    Growth potential analysis
3.9    Competitive landscape, 2020
3.9.1    Company market share analysis, 2020
3.9.2    Strategy dashboard
3.10    Porter’s analysis
3.10.1    Supplier power
3.10.2    Buyer power
3.10.3    Threat of new entrants
3.10.4    Threat of substitutes
3.10.5    Industry rivalry
3.11    Price trends
3.11.1    Regional price trends
3.11.2    Cost structure analysis
3.11.2.1    R&D cost
3.11.2.2    Manufacturing & equipment cost
3.11.2.3    Raw material cost
3.11.2.4    Distribution cots
3.11.2.5    Operating cost
3.11.2.6    Miscellaneous cost
3.12    PESTEL analysis
3.13    Impact of COVID-19 on automotive sector
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