DUBLIN , Aug. 22, 2022 /PRNewswire/ -- The 'Die Casting - Global Market Trajectory & Analytics' report has been added to ResearchAndMarkets.com's offering.
Global Die Casting Market to Reach $100.2 Billion by 2026
The global market for Die Casting estimated at US$76.4 Billion in the year 2022, is projected to reach a revised size of US$100.2 Billion by 2026, registering a compounded annual growth rate (CAGR) of 7.2% over the analysis period.
China represents the largest regional market for Die Casting and is projected to reach US$41.3 Billion by 2026. Asia-Pacific is forecast to emerge as the fastest growing regional market with a CAGR of 8.3% over the analysis period. Die casting market is influenced by the stable growth in the global economy and the fast-paced industrial and manufacturing activity being seen in high-growth emerging economies specifically in China and India .
Growing demand for lightweight and energy efficient components from automotive and consumer appliances industries, and increasing investments in electronics, construction, mining and aerospace and defense sectors present considerable growth opportunities.
The intensifying efforts to expand 4G networks and launch 5G networks are driving demand for die castings in the telecommunications industry. Sustained advancements in technology associated with casting automation will also fuel market for die castings in the coming years. Demand for passenger cars and light commercial vehicles across the globe, more so importantly in developing markets, will especially drive robust demand for use of cast products for a range of automobile parts and components in the coming years.
The market is also expected to benefit immensely from the shift towards aluminum over steel and iron products among automakers. Demand for passenger cars and light commercial vehicles across the globe, more so importantly in developing markets, will especially drive robust demand for use of cast products for a range of automobile parts and components in the coming years.
The market is also expected to benefit immensely from the shift towards aluminum over steel and iron products among automakers. Consumer appliances represent another promising market for die castings, with growth supported by advancements in scroll compressors in refrigeration and air conditioning.
Rapid pace of industrialization, technical advancements, falling prices of air conditioners and refrigerators, increased affordability among consumers in developing markets present a sizeable opportunity for the global die casting market in the long-term.
With castings market in developed economies gradually maturing, future growth potential is expected to emerge from high-growth developing economies. The growing use of castings in a range of applications including automotive, mass transportation, heavy machinery, and building & construction industries is driving growth in the region.
Further, the emergence of numerous manufacturing plants in low-cost Asian economies represents key growth drivers in the region. The market for Ferrous castings is forecast to dominate market share over the analysis period. Growth in the ferrous metal castings market over the next few years will be primarily driven by soaring demand for ductile iron castings.
Strong preference for lightweight castings in line with trend of producing light weight and yet robust and durable end products will continue to drive demand for ductile iron castings, which are relatively lighter than gray iron castings. Besides weight factor, ductile iron castings score over gray iron castings in terms of wear resistance, surface hardness and impact resistance. What`s New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to the digital archives
Complimentary updates for one year
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
An Introduction to Die Casting
Die Casting Market: Critical for Production of Manufactured Parts and Finished Goods
Die Casting Volume Market Analysis
Developing Economies Continue to Spearhead Market Growth
An Insight into Global Castings Production
Global Castings Market (2018): Average Production per Plant in Thousand Metric Ton by Select Leading Countries
Ferrous Metal Castings Continue to Dominate, While Nonferrous Metal Castings Gradually Gaining Ground
Global Economic Environment and Manufacturing Sector Trends Influence Die Casting Market Dynamics
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS (Total 69 Featured):
Die Cast Automotive Parts Receive a Boost Against the Backdrop of the Engineering Focus Shed on Lightweighting
Massive Engineering Interest in Lightweighting Catalyzes Application of Aluminum Die Cast in Auto Parts
Rising EV Sales: Another Emerging Growth Catalyst in the Automotive End-Use Sector
With Myriad Factors Boosting the Outlook for EVs, Die-Casting Foundries Will Witness the Emergence of New Demand Opportunities: Number of EVs On Road Worldwide by Type (In Units) for the Years 2016, 2018, and 2022
Competition between Steel and Aluminum Castings Heats Up in the Auto Industry
Heavy Transportation Segments Add to the Demand
Heavy Industrial Equipment/Machinery Manufacturing Industry Promises Bright Prospects
Sustained Demand for Consumer Appliances Worldwide: A Strong Growth Driver
Increasing Replacement of Wrought Iron and Steel with Aluminum Castings in Military and Defense Applications: An Opportunity for Growth
Increased Defense Spending Bodes Well for Die Casting Market
Rising Significance of Castings in Energy Production Chain Spurs Demand from Power Industry
Mechanization of Agriculture Adds to the Demand
Production of Plumbing Pipes & Fittings: A Lucrative Market Opportunity for Castings
Global Market for Plumbing Fittings and Fixtures
Porosity-Free, High-Strength and Superior Finish Aluminum Castings: A Key Requirement in Medical Devices
Telecommunications Equipment: A High Potential End-use Application
Die Casting: The Most Widely Used Process to Transform Aluminum into Products
High Pressure Die Casting Market Rides on the Lightweight Trend in Automotive Industry
Global High Pressure Die Casting Market
Magnesium Emerges as a Promising Alternative to Aluminum Die Cast
Comparative Analysis of Design Parameters
Automation Ensures Improved Productivity for Die Casting Industry
Growing Automation in Aluminum Die Casting Fosters Improved Productivity
Technological Advancements and Innovations Spur Market Growth
Simulation-based Castings Continues to Gain Traction
4. GLOBAL MARKET PERSPECTIVE III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/pf87vl
Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/global-die-casting-market-analysisforecast-report-2022-market-to-reach-100-billion-by-2026---heavy-industrial-equipmentmachinery-manufacturing-industry-promises-bright-prospects-301609762.html
Federated Hermes Chief Equity Strategist Phil Orlando joins Yahoo Finance Live to discuss Jerome Powell's latest comments and what the next steps from the Fed may be to fight inflation.
Though signs point to prices moderating, Powell said on Friday that the bank will continue to hike interest rates this year
The Fed chair obviously chose to ignore data released just today that shows that current consumer level inflation is not exactly out of control.
Follow Buffett’s lead. And collect big dividends while you’re at it.
Altria Group (MO) declares a dividend hike of 4.4%, taking its quarterly dividend to 94 cents per share. The company is focused on boosting shareholders' returns.
Yahoo Finance's Ines Ferre breaks down Friday's market action, with stocks closing at the lows of the session and the U.S. dollar rising.
Despite historically high inflation, the Oracle of Omaha has sold shares of these supercharged income stocks, which are yielding between 3.9% and 5.8%.
Nio (NYSE: NIO) investors got some good news from Chinese authorities for the second day in a row today. The company's American depositary shares are responding again this morning, jumping 6% at the market open but easing to a gain of 1.9% as of 10:05 a.m. ET. Shares of the Chinese EV company spiked yesterday on news that the Chinese government was adding a new stimulus package to jump-start a sagging economy.
Yahoo Finance reporter Ines Ferre looks at how the stock market is reacting to Fed Chair Powell's speech at the Jackson Economic Hole Symposium.
The old stock market axiom to buy when others are fearful could readily apply right now, according to Ashish Shah, chief investment officer at Goldman Sachs. Amid concerns markets will be volatile following Federal Reserve Chair Jerome Powell’s Jackson Hole policy speech on Friday, Shah thinks that doesn’t mean investors should stay on the sidelines at present. It's preferable to buy "when there's fear in the market," say Shah. "Don't fall into the trap of buying when there's FOMO," he added. Ag
U.S. stocks close with big losses Friday after Federal Reserve Chair Jerome Powell said the central bank will continue its inflation battle until it falls back to around 2%.
What company is next to split its shares after Tesla? There's one logical answer hiding in plain sight.
Shares of several fintech stocks lost ground today, along with the broader market, after Federal Reserve Chairman Jerome Powell indicated the Fed will stay hawkish until it sees further proof that inflation is coming down. Shares of the digital bank SoFi Technologies (NASDAQ: SOFI) fell roughly 7.6% today, while shares of artificial intelligence lender Upstart Holdings (NASDAQ: UPST) fell 10.3%, and shares of the large mortgage originator Rocket Companies (NYSE: RKT) ended the day down nearly 10.8%. The market waited all week for Powell to take the floor at the Fed's annual Jackson Hole Economic Symposium, looking for clarity on where the Fed might be headed with future interest rate hikes.
Canadian cannabis stocks are under pressure yet again today. As of 1:12 p.m. ET Friday, Tilray (NASDAQ: TLRY) stock was down by 5.4%, Canopy Growth's (NASDAQ: CGC) equity was in the red by 7.3%, and Aurora Cannabis' (NASDAQ: ACB) shares were lower by 7%. Yesterday, Democratic Sen. Ron Wyden admitted in comments to public policy magazine The American Prospect that the Cannabis Administration and Opportunity Act (CAOA) is unlikely to have the 60 votes required to pass.
In this article, we will be taking a look at the 10 energy stocks to buy before winter. To skip our detailed analysis of the energy sector and the prospective future demand for these stocks, you can go directly to see the 5 Energy Stocks to Buy Before Winter. In February 2022, the Russian Federation invaded […]
Fed chief Jerome Powell warned Friday to expect some "pain," and the market rally certainly felt it. Here's what to do now.
Here's why one Wall Street analyst really loves Peloton's stock.
In the updated daily bar chart of PLUG, below, we can see the price gains since the stock closed above $20. The daily On-Balance-Volume (OBV) line shows strength from May telling us that buyers of PLUG have been more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is yahoo the zero line but recently crossed to the downside for a take profit sell signal.
Beijing offered a rare concession Friday, agreeing to allow U.S. accounting regulators to examine the audits of Chinese firms listed on American stock exchanges.
High-yielding dividend stocks are great for income investors and are crucial to building a strong retirement portfolio.