Feb 19, 2020   SOURCE: BusinessWire

Global Metal Casting Market 2020-2024 | Evolving Opportunities with Acast and Alcast Co. | Technavio

The metal casting market is poised to grow by 13.44 million tons during 2020-2024, progressing at a CAGR of over 2% during the forecast period. Request free sample pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200219005585/en/

Technavio has announced its latest market research report titled global metal casting market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled global metal casting market 2020-2024 (Graphic: Business Wire)

Read the 120-page report with TOC on "Metal Casting Market Analysis Report by End-user (Automotive, Industrial machinery, Aerospace and defense, and Others), Geographic segmentation (North America, APAC, Europe, South America and MEA), and the Segment Forecasts, 2020-2024".

https://www.technavio.com/report/metal-casting-market-industry-analysis

The market is driven by the increasing adoption of X-ray casting in defect recognition. In addition, the rising use of casting process simulation technology is anticipated to boost the growth of the metal casting market.

X-ray technology is gaining traction in the market due to incorporation of several technological upgradations in its tubes or software with improved algorithms. This technology is extensively used in the metal casting industries for production or implementation of the metal casting process. Automatic or assisted defect recognition (ADR) is used in X-ray applications to enable process inspectors to accept or reject cast parts automatically in case of casting errors. The inline ADR system performs its function in a reliable and repeatable fashion. It is programmed to make either an “Accept” or “Reject” decision based on the parameters fed by a quality engineer. Thus, the increasing use of X-ray casting technology in defect recognition is expected to drive market growth during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Metal Casting Market Companies:

Acast

Acast operates the business under various segments such as Casting, Forging, Heat Treatment, Machining, and Others. The company offers Investment Casting, Precision Casting, and Sand Casting.

Alcast Co.

Alcast Co. offers Alcast Permanent Mold Aluminum Foundry Aluminum Casting. This casting process includes Electromagnetic, Bottom Fill, and Permanent Mold Aluminum Casting, Semi Permanent Mold Aluminum Casting, Alcast Tilt Pour Aluminum Casting, and Hall Tilt Pour Aluminum Casting.

Alcoa Corp.

Alcoa Corp. operates under various business segments, namely Aluminum, Alumina, and Bauxite. The company offers sustainable and differentiated range of aluminum cast products for building and construction, automotive, electrical, transportation, and industrial markets.

Berkshire Hathaway Inc.

Berkshire Hathaway Inc. offers products through the following business segments: Insurance, Manufacturing, McLane Company, Service and retailing, and Others. The company offers PCC Structurals and PCC Airfoils.

Bühler AG

Bühler AG offers products through the following business segments: Grains & Food and Advanced Materials. The company provides tailored and automation solutions of die-casting, with integrated control systems.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Metal Casting Market End-user Outlook (Volume, Million Tons, 2020-2024)

  • Automotive
  • Industrial machinery
  • Aerospace and defense
  • Others

Metal Casting Market Geographic Outlook (Volume, USD Tons, 2020-2024)

  • North America
  • APAC
  • Europe
  • South America
  • MEA

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Industrials include:

Metal Heat Treatment Market – Global Metal Heat Treatment Market by end-user (automotive, aerospace, industrial machinery, construction, and others) and geography (APAC, Europe, MEA, North America, and South America).

Sheet Metal Fabrication Services Market – Global Sheet Metal Fabrication Services Market by end-users (automotive industry, industrial machinery industry, electrical and electronics industry, aerospace and defense industry, and others) and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.