Metal Casting Market Forecast (2026 - 2033)
Metal Casting Market Market Summary
The global metal casting market was valued at USD 152.60 billion in 2024 and is expected to reach USD 233.88 billion by 2033, growing at a CAGR of 4.8% during 2025–2033. The market growth is driven by rising demand for cost-effective manufacturing of complex and high-strength components, particularly across automotive, construction, and industrial machinery sectors. Metal casting remains a preferred production method due to its design flexibility, material efficiency, and scalability.
Key Market Trends & Insights
- Asia Pacific led the global metal casting market in 2024, accounting for the largest revenue share of 55.9%, driven by rapid industrialization and expanding manufacturing activities. The U.S. metal casting market is projected to grow at a robust CAGR of 4.3% between 2025 and 2033, supported by increasing demand from automotive and industrial sectors. By material, aluminum dominated the market, capturing over 40.0% of total revenue in 2024, owing to its lightweight properties and growing adoption in transportation and industrial applications. By application, the industrial segment is expected to witness the fastest growth, registering a CAGR of 5.1% during the forecast period (2025–2033), fueled by rising infrastructure and machinery investments. Market Size & Forecast Market Size (2024): USD 152.60 Billion Projected Market Size (2033): USD 233.88 Billion CAGR (2025–2033): 4.8% Largest Regional Market: Asia Pacific (2024)
Market Size & Forecast
- 2024 Market Size: USD 159.22 Billion
- 2030 Projected Market Size: USD 230.88 Billion
- CAGR (2025-2030): 5.1%
Product Insights
Material Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033) Iron Steel Aluminum Others Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033) Automotive Industrial Building & Construction Others
Application Insights
The rapid expansion of electric vehicle (EV) production is a major catalyst for growth in the automotive segment of the metal casting market. In 2024, global EV sales crossed 17 million units, reflecting strong year-over-year growth and a rising share of total light-duty vehicle sales worldwide. This shift toward electrification has significantly increased demand for lightweight, high-strength, and dimensionally precise metal castings, which are essential for improving vehicle efficiency, range, and performance. Metal castings play a critical role in EV manufacturing, particularly in battery enclosures, motor housings, inverter cases, transmission components, and structural chassis parts.
Location Insights
North America; Europe; Asia Pacific; Latin America; Middle East & Africa. U.S.; Canada; Mexico; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil
Regional Insights
North America: Steady growth driven by automotive, aerospace, and defense demand for high-precision and complex components. Rising adoption of aluminum and magnesium castings, along with investments in EV and hybrid vehicles, is expanding applications in battery housings, motors, and chassis parts. United States: Market growth is supported by increased use of aluminum castings in EV platforms and advanced technologies such as giga-casting. Strong aerospace demand for investment-cast turbine and engine components further strengthens market expansion. Asia Pacific: The fastest-growing region, fueled by automotive production, infrastructure development, and industrialization. Government initiatives like Make in India and China’s New Infrastructure program are driving foundry capacity expansion and demand for pipes, valves, and engine components. Europe: Growth is led by automotive electrification and strict emission regulations, boosting demand for lightweight aluminum and magnesium castings. Aerospace manufacturers continue to rely on high-precision investment casting, supporting specialized foundries. Latin America: Expanding construction and infrastructure projects are increasing demand for cast iron and steel components. Brazil dominates regional production, while Argentina and Mexico are witnessing growth in automotive-related castings. Middle East & Africa: Market development is driven by oil & gas, construction, and power generation projects. Rising demand for corrosion-resistant and high-strength castings in pipelines, valves, and industrial equipment supports foundry modernization.
Company Insights
The metal casting market is led by key players that hold the largest market share and drive industry trends and innovation. 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