Question 1

Who are the major automotive casting market players?

Accepted Answer

Passenger cars accounted for nearly 50% of the automotive casting market share in 2020 and will expand with the introduction of new technologies and increasing focus on reducing the vehicle weight.

Question 2

Why is the automotive casting industry booming in Asia Pacific?

Accepted Answer

Asia Pacific market is expected to reach USD 119.16 billion by 2032, driven by rapid industrialization and urbanization in countries like China and India.

Question 3

Why is the use of automotive casting rising in passenger cars?

Accepted Answer

The passenger cars segment is expected to reach USD 105.1 billion by 2032, owing to their high production volumes and strong consumer demand.

Question 4

How big is the automotive casting market?

Accepted Answer

The market size of automotive casting reached USD 72.03 billion in 2023 and is set to register 5.8% CAGR between 2024 and 2032, due to population growth and urbanization, especially in developing countries.

Automotive Casting Market Size - By Vehicle (Passenger, Light Commercial Vehicle, Heavy Commercial Vehicles, Two Wheelers), Process (Sand Casting, Die Casting, Investment Casting, Others), Application, Distribution Channel, Material & Forecast 2024 – 2032

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