What is Sand Casting Market?
Sand casting is a mold based net shape manufacturing process in which metal parts are molded by pouring molten metal into a cavity. It is one of the simplest, and effective metal casting methods available in the market. Sand casting is suitable for almost any shape and size – it easily produces tiny fasteners and engine blocks alike. This shows the significant growth in the sand casting market. Sand molds are cheap, easy to produce, effective, and reusable, making them a great option for low overhead applications and short-to-medium production runs.
The market study is being classified, by Application (Body Assemblies, Engine Parts, Transmission Parts and Others) and major geographies with country level break-up.
Alcast Technologies Ltd. (Canada), Rheinmetall Automotive (Germany), Ahresty Corporation (Japan), MetalTek International, Inc. (United States), Cadillac Casting, Inc. (United States), CAB Incorporated (United States), Wisconsin Aluminum Foundry Co. (United States), Aurora Metals Division, LLC (United States), Performance Industrial Products LLC (United States) and Plymouth Foundry, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Ferralloy, Inc. (United States) and Aluminum Corporation of China Limited (China).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Sand Casting market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sand Casting market by Type, Application and Region.
On the basis of geography, the market of Sand Casting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand in Automobile and Consumer Appliances
- Increasing Investments in Construction, Mining, and Electronics
Market Trend
- Rising Adoption by Organizations owing to Productivity, Ease of Use, and Lower Costs
Restraints
- Availability of Substitute such as Magnesium, Hampering Market Share
Opportunities
- Increasing Investment in Automobile and Infrastructure Sectors
- Rising Demand from Emerging Economics Such as India, China and others
Challenges
- Huge Capital Investment Requirement
On 11th February 2019, KS HUAYU AluTech GmbH has introduced a newly developed casting process onto the market. This joint venture between Rheinmetall Automotive and China's HUAYU Automotive Systems has developed a production process for the new Chinese plant in Guangde, one that is particularly suitable for highly complex engine block geometries and electric motor housings.
Key Target Audience
Sand Casting Manufacturers, Automotive Industry, Transportation Sector, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others