Middle East & Africa Metal Casting Market
No. of Pages: 90 | Report Code: BMIRE00029350 | Category: Chemicals and Materials
No. of Pages: 90 | Report Code: BMIRE00029350 | Category: Chemicals and Materials
Advancements in casting technologies can transform the metal casting industry by improving efficiency, precision, and quality of production. Technological developments are expected to address constraints about complex geometries, material properties, and environmental sustainability. Several advanced technologies include digital simulation and modeling, additive manufacturing, vacuum casting, lost foam casting, high-pressure die-casting, low-pressure mold casting, and permanent mold casting. Permanent mold casting is termed as gravity die casting, that involves molten metal poured into the reusable mold. Additive casting utilizes additive manufacturing to produce molds and patterns, to cast metal components. The approach reduces the requirement for tooling and ensures the manufacturing of complex components. In 2021, Gen3D and Enable collaborated to design and produce a complex lattice structure using Enable’s Additive Casting process, which is a hybrid production method combining additive manufacturing and conventional casting. Additive manufacturing in metal casting has a wide scope of application in several end-use industries such as automotive, aerospace, engineering, and machinery industries. Thus, the advancement of casting technologies is expected to become a major trend in the metal casting market during the forecast period.
The Middle East & Africa metal casting market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. These countries are rapidly developing their public infrastructure, including airports, hospitals, and administrative buildings. The construction of commercial infrastructure has increased due to the rising tourism industry and the growing immigrant population. In the coming years, the metal casting market in the Middle East & Africa is expected to grow at a significant rate due to the continuous investment in expansion, research and development activities in the aerospace sector by prominent players in the region. These key trends are anticipated to increase the demand for metal casting in the region, during the forecast period.
The aviation industry in the Middle East & Africa is fueled by several drivers, such as rapid industrialization and growth in disposable income resulting in more passengers opting for air travel. According to the report by International Trade Administration, the UAE government has invested in and supported initiatives in the aerospace industry, thus increasing the number of partnerships among major market players and Original Equipment Manufacturers (OEMs). Further, the UAE government has invested extensively in airport development and expansion projects in the span of 10 years. For example, the government invested US$ 8.1 billion in Al Maktoum International Airport in Dubai, US$ 7.6 billion for the Dubai International Airport Expansion Phase 4, US$ 6.8 billion for Abu Dhabi Airport development and expansion plans, and ~US$ 400 million in Sharjah’s International Airport terminal expansion. Thus, the growing construction industry and rising manufacturing of aircraft and aircraft components are projected to fuel the metal casting market in the Middle East & Africa during the forecast period.
The Middle East & Africa metal casting market is segmented into product type, process, application, and country.
Based on product type, the Middle East & Africa metal casting market is segmented into carbon steel alloys, stainless steel alloys, aluminum alloys, grey iron, ductile iron, and others. The grey iron segment held the largest market share in 2022.
Based on process, the Middle East & Africa metal casting market is divided into sand casting, investment casting, gravity die casting, and others. The sand casting segment held the largest market share in 2022.
Based on application, the Middle East & Africa metal casting market is segmented into automotive, aerospace, marine, textile, building and construction, oil and gas, industrial machinery, and others. The automotive segment held the largest market share in 2022.
Based on country, the Middle East & Africa metal casting market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa metal casting market share in 2022.
ArcelorMittal SA, Lucchini RS SpA, MEDEKO CAST Sro, Novacast Ltd, and Posco Holdings Inc are some of the leading companies operating in the Middle East & Africa metal casting market.
Strategic insights for the Middle East & Africa Metal Casting provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 7,655.49 Million |
| Market Size by 2030 | US$ 10,319.40 Million |
| Global CAGR (2022 - 2030) | 3.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Metal Casting refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East & Africa Metal Casting Market is valued at US$ 7,655.49 Million in 2022, it is projected to reach US$ 10,319.40 Million by 2030.
As per our report Middle East & Africa Metal Casting Market, the market size is valued at US$ 7,655.49 Million in 2022, projecting it to reach US$ 10,319.40 Million by 2030. This translates to a CAGR of approximately 3.8% during the forecast period.
The Middle East & Africa Metal Casting Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Metal Casting Market report:
The Middle East & Africa Metal Casting Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Metal Casting Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Metal Casting Market value chain can benefit from the information contained in a comprehensive market report.
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