Albany, NY -- (SBWire) -- 06/09/2016 --Metal casting is a manufacturing process in which molten or liquid metal is poured into a mold made of sand, metal, or ceramic that contains a hollow cavity of the desired shape. The desired shape allows holding of the molten metal and upon cooling, it forms complex geometrical parts. All major metals can be made into castings and the most common ones are iron, aluminum, magnesium, zinc, steel, and copper-based alloys. Metal castings find application in cars, trucks, planes, trains, mining and construction equipment, oil wells, pipes, toys, space shuttles, wind turbines, nuclear plants, and more.
The global metal casting market to grow at a CAGR of 6.03% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global metal casting market for 2016-2020. To calculate the market size, the report takes into account the revenue generated from the following product segments:
- Ferrous metal casting
- Non-ferrous metal casting
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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, Global Metal Casting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Alcoa
- Bharat Forge
- Hitachi Metals
- Precision Castparts
Other prominent vendors
- AMCOL Metalcasting
- Georg Fischer
- Schuler Group
- ThyssenKrupp
Market driver
- Rise in production of light vehicles
- For a full, detailed list, view our report
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Key questions answered in this report -
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Metal Casting Market to Grow at a CAGR of 6.03% During 2015-2019
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