Metal Casting Market Analysis, Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2030
Market Highlights The Global Metal Casting Market is projected to be valued at USD 352.65 Billion by the end of 2024 and exhibit a healthy CAGR of 7.55% during the forecast period. The growth of the global Metal Casting Market Analysis is primarily driven by the high demand for automobile components such as sensor and airbag housings wheels, engine components, heads, blocks, and hoods. The increasing automobile production in the developing economies on account of increased spending coupled with rising per capita disposable income of consumers is driving the growth of the automotive industry, which is likely to fuel the demand for metal casting. Additionally, increasing environmental regulations and emission targets set by the regulatory authorities such as the European Union (EU) and US Environmental Protection Agency (EPA) to curb carbon emissions have resulted in increase in the production of lightweight, hybrid, and electric vehicles, which has fueled the demand for aluminum