Automotive Casting Market Research, Trends and Forecast by 2034

Automotive Casting Market Opportunities and Challenges

The automotive casting market is set to grow from USD 5.98 billion in 2025 to USD 11.72 billion by 2034, with an expected CAGR of 7.76% over the forecast period from 2025 to 2034.

Unlock Infinite Advantages: Subscribe to Annual Membership

Introduction

The automotive casting market is a prominent branch of the automotive materials industry. This market deals in providing casting solutions for designing automotive components. There are various processes involved in automotive sector including sand casting, die casting, investment casting and some others. The casting processes involves the use of several materials comprising of iron, steel, aluminum and some others. It finds application in designing numerous automotive parts such as engine components, transmission components, suspension components and some others. The growing demand for passenger vehicles around the world has contributed to the industrial expansion. This market is predicted to grow significantly with the rise of the automotive sector in different parts of the globe.

• According to the OICA, around 143265 passenger cars were sold in Morocco in 2022 that increased to 145218 in 2023.

Highlights of the Automotive Casting Market

• North America held the largest share of the automotive casting market due to the rising demand for electric vehicles in this region.
• Asia Pacific is expected to grow with a significant CAGR due to the presence of numerous automotive brands in this region.
• The steel segment held the highest share of the market due to its application in manufacturing automotive components.
• The investment casting segment led the industry due to the growing adoption of these processes in automotive industry.

Key Metrics and Overview

Automotive Casting: Trends in the Industry

• Numerous market players are collaborating with each other to develop advanced casting process to maintain the supply chain automotive parts.
• Several automotive brands are announcing partnerships with casting companies to design numerous automotive components.
• The automotive casting companies are opening new plants to deliver high-grade products to the automotive consumers.

Industry Leader Announcement

In December 2024, Wu Xiaofei, the general manager of Dongfeng Electronic Technology made an announcement stating that, ” The technology can not only reduce the overall weight of vehicles through streamlining stamping and welding processes, but also strengthens rigidity of car bodies, extending the duration and enhancing the safety of NEVs," Wu said during the signing and groundbreaking ceremony for the Dongfeng Integrated Die-Casting Industrialization project in the Wuhan Economic and Technological Development Zone on Nov 22.”

Geographical Insights

North America held the highest share of the automotive casting market. The growing investment in the automotive sector along with the presence of several casting brands has boosted the market expansion. Also, the increasing demand for light-weight cars in U.S. and Canada coupled with rapid investment by private companies in automotive materials industry is crucial for the industrial growth in this region. Moreover, the rising emphasis on adopting electric vehicles as well as increase in number of startup companies has driven the industrial expansion.

Competitive Landscape

The automotive casting market is a consolidated industry with the presence of several dominating players. Some of the crucial players in this industry consists of Gibbs Die Casting, Regensburger Druckgusswerk Wolf GmbH, CFS Foundry, Endurance Technologies, Impro, Zetwerk, Zollern GmbH, and some others. These companies are constantly engaged in developing casting solutions for automotive sector and adopting numerous strategies to maintain their dominant position in this industry.

• According to the annual report of Martinrea, North America contributed around 76% to the overall revenue of the company followed by Europe and RoW.

Market Segmentations

By Transport Type

• Cycle Rickshaw
• Motorcycle Rickshaw
• Electric Rickshaw

By Service Type

• Standard Ride
• Luxury Ride
• Shared Ride

By Payment Method

• Cash
• Digital Wallets
• Credit/Debit Card

By User Demographics

• Students
• Commuters
• Tourists

By Region

• North America
• Europe
• South America
• Asia Pacific
• Middle East and Africa