Global Automotive Metal Casting Market to reach USD 159.07 Billion by 2027.Global Automotive Metal Casting Market is valued approximately at USD 107.2 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2021-2027. Metal casting involves pouring of molten material in molds having geometrical shape which cools down and solidifies. Vehicle parts such as piston, rims and structure of the vehicle are made using metal casting. Metal casting in automotive industry is used to make complex automotive structures made up of aluminum to reduce the weight of the vehicle. Increasing population and rising consumption of vehicles are the major drivers for the sector. Government regulations adhering to environment protection from the emissions from vehicles also drives the industry demand by motivating the manufacturers to minimize vehicle weight. The European Union laid down specific criteria to control the CO2 emission level from automobile. But the procedure of producing complex automotive structure associated with high cost is a restraining factor. COVID-19 has put a halt on the production facilities of automotive sector which hindered the growth. The innovation in the sector is giving many opportunities to produce thinner, lighter-weight and more complex parts in a single process. For instance, the U.S. national Office of Energy Efficiency and Renewable Energy launched The FreedomCAR and Vehicle Technologies (FCVT) program which aims at developing more energy efficient and environmentally friendly transportation.

The regional analysis of the global Automotive Metal Casting Market studies the following key regions: - Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is a rapidly flourishing region in automotive metal casting market. The rise in vehicle production and availability of cheap labor in the APAC region are the major factors booming the growth. North America and Europe are also significant region owing to the presence of growing automotive industry and major market players.
Major market player included in this report are
Nemak
Ryobi Limited
Rheinmetall Automotive
GF Automotive
Ahresty Corporation
Dynacast
Endurance
Mino Industries
Aisin Automotive Casting
Gibbs Die Casting
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Body Assemblies
Engine
Transmission
By Material:
Aluminum
Cast iron
Magnesium
Zinc
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Automotive Metal Casting Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors