#Metal #Casting #Market #Size #Worth #Billion
Portland, OR, Oct. 17, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global metal casting market was estimated at $129.5 billion in 2021 and is expected to hit $226.8 billion by 2031, registering a CAGR of 5.8% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $129.5 Billion |
| Market Size in 2031 | $226.8 Billion |
| CAGR | 5.8% |
| No. of Pages in Report | 352 |
| Segments Covered | End-user Industry, Process, and Region. |
| Drivers | Rapid urbanization and developments in the architecture & construction sector |
| Opportunities | Surge in usage of metal casting solutions in the electronics sector for producing three-dimensional parts |
| Restraints | high investment cost associated with the production of metal castings |
Covid-19 Scenario-
- Its increased dependency on the marine, aerospace, and automotive sectors impacted the global metal casting market negatively, especially during the initial period.
- However, as the lockdowns were lifted and the manufacturing units started resuming their operations, the market for metal casting also started getting back on track.
The global metal casting market is analyzed across end-user industry, process, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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Read on GNW: Metal Casting Market Size Worth $226.8 Billion by 2031 |
