Metal Casting Market Size, Share, Growth Opportunity and Forecast 2025-2033
- Rahul Pal
- Nov 25, 2025
- 4 min read
Market Overview
The global metal casting market size was valued at USD 177.28 billion in 2024 and is expected to reach USD 325.69 billion by 2033, exhibiting a CAGR of 6.94% during the forecast period 2025-2033. Asia Pacific leads the market with over 54.9% share in 2024, driven by industrialization, automotive manufacturing demand, and infrastructure projects. Advancements like 3D printing and automation, alongside growing adoption of recyclable materials, further propel the market growth.
Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033
Metal Casting Market Key Takeaways
Current Market Size: USD 177.28 Billion in 2024
CAGR: 6.94%
Forecast Period: 2025-2033
Asia Pacific dominates the market with over 54.9% share in 2024, fueled by rapid industrialization and automotive demand.
The United States holds a dominant share of 84.50%, driven by automotive, aerospace, and defense industries.
Technological advancements such as 3D printing and additive manufacturing improve product quality and manufacturing efficiency.
Increasing demand for lightweight and durable metal components in automotive and aerospace sectors boosts market growth.
Growing investments in infrastructure projects and renewable energy contribute to market expansion.
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Market Growth Factors
The global metal casting market is propelled by accelerated industrialization that increases demand for metal parts across diverse industries. As industrialization intensifies, especially in Asia Pacific, the need for durable and efficient metal castings rises correspondingly. This surge supports sectors such as automotive manufacturing and expansive infrastructure development projects, underpinning robust market expansion during the forecast period.
Automotive industry's shift toward lightweight and fuel-efficient vehicles significantly supports the metal casting market. The growing production of electric vehicles (EVs) and hybrid technologies calls for advanced metal casting materials and processes. For example, electric car sales increased by 25% in 2024 compared to 2023's first quarter, advocating the rising need for lightweight components such as battery cases and motor parts, accelerating demand further.
Technological innovations in casting methods are another critical driver. The integration of 3D printing, additive manufacturing programs such as the "AM for Metal Casting" launched by the American Foundry Society, and advancements in computer-aided design (CAD) and manufacturing (CAM) improve precision, reduce waste, and facilitate production of complex shapes. This technology elevates product quality and manufacturing efficiency, enhancing market growth prospects.
Market Segmentation
Analysis by Process:
Sand Casting: Leading process with 45.6% market share in 2024, valued for its flexibility, affordability, large component production capacity, and ability to use recycled sand.
Gravity Casting
High-Pressure Die Casting (HPDC)
Low-Pressure Die Casting (LPDC)
Others
Analysis by Material Type:
Cast Iron: Dominates with 55.2% share in 2024, prized for durability, castability, cost-effectiveness, and availability in various forms such as gray, ductile, and malleable.
Aluminum
Steel
Zinc
Magnesium
Others
Analysis by End Use:
Automotive and Transportation: Leads with 51.5% share in 2024, driven by metal parts use in engine components, transmissions, suspensions, and lightweight alloy demand for fuel efficiency.
Equipment and Machine
Building and Construction
Aerospace and Military
Others
Analysis by Automotive and Transportation Market
Components:
Alloy Wheels: Largest segment at 12.12% share, made from aluminum or magnesium alloys improving fuel efficiency and handling.
Clutch Casing
Cylinder Head
Cross Car Beam
Crank Case
Battery Housing
Others
Analysis by Automotive and Transportation Market
Vehicle Type:
Passenger Cars: Dominates 53.1% share, driven by demand for lightweight structural components and increasing electrification of vehicles.
Light Commercial Vehicles
Heavy Commercial Vehicles
Analysis by Automotive and Transportation Market
Electric and Hybrid Type:
Hybrid Electric Vehicles (HEV): Majority share at 90.1%, combining combustion and electric propulsion systems, fueling metal casting component demand.
Battery Electric Vehicles (BEV)
Plug-In Hybrid Electric Vehicles (PHEV)
Analysis by Automotive and Transportation Market
Application:
Body Assemblies: Largest segment at 28.5% share, includes car frame, chassis, doors, and panels, influenced by advanced designs and lightweight material needs.
Engine Parts
Transmission Parts
Others
Regional Insights
Asia Pacific leads with a 54.9% market share in 2024, powered by rapid automotive, construction, and industrial sector growth. The region benefits from an extensive manufacturing base, urbanization, and massive infrastructure investments. Key automotive producers in China and Japan, along with rising electric vehicle uptake, significantly enhance the region's market dominance.
Recent Developments & News
January 2024: Nemak partnered with Xpeng Motors to design battery enclosures for electric vehicles using advanced aluminum casting technologies.
January 2024: Ryobi Limited expanded aluminum die-casting operations in North America by constructing a USD 50-million facility in Kentucky to increase aluminum casting volume.
May 2022: GF Casting Solutions signed an agreement with Bocar Group to support sustainable mobility technologies in North America, Europe, and Asia.
December 2020: Ryobi Aluminum Casting (UK) Ltd secured a multi-million-pound deal producing 150,000 clutch and transmission cases annually for hybrid vehicles starting 2023.
April 2019: Aisin Seiki Co., Ltd. established Aisin (Anqing) Auto Parts Co., Ltd. for manufacturing aluminum die-cast parts such as transmission cases.
Key Players
Alcast Technologies Ltd.
Ahresty Corporation
Calmet Inc
Dynacast Ltd
Endurance Technologies Limited
GF Casting Solutions (Georg Fischer AG)
MES, Inc. (Metrics Holdings)
Proterial, Ltd
Rheinmetall AG
Ryobi Limited
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