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    Europe Automotive Casting Market Forecast 2027 By Application (Engine, Transmission & Suspension, Brakes & Wheels), By Material (Iron, Steel, Aluminum), By Process (Sand Casting, Die Casting, Investment Casting), By Distribution Channel (OEM, Aftermarket), By Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: August 2021   |   Report ID: GR1930   |   Delivery: PDF  Request Free Sample

    Europe Automotive Casting Market size was over USD 18 billion in 2020 and is set to observe around 4.8% growth rate between 2021 and 2027.

    The market revenue is majorly driven by increasing shift towards reduction in the vehicle weight. The presence of stringent regulations for CO2 emissions will further augment the market growth. Automotive casting can be done in various methods including sand casting, die casting, investment casting and others. The automotive industry hugely depends on die casting owing to its easy process and efficiency, superior quality, and cost-effectiveness among others.

    Europe Automotive casting Size, By Country

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    Customers are inclined to purchase vehicles with high structural integrity and the automobile manufacturers are constantly trying to maintain structural robustness with lightweight properties in the recent years. With environmental regulations becoming more and more stringent the auto manufacturers are being compelled to innovate new ways to enhance fuel economy. However, high cost associated with various casting processes coupled with the loss of automotive industry production owning to the ongoing pandemic is anticipated to be some of the major factors restraining the market growth.

    Europe Market, By Material

    Europe Automotive casting Size, By Material

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    In 2020, the aluminum segment crossed USD 11.5 billion revenue in the Europe automotive casting market. High production efficiency, lightweight, most environmentally friendly, and cost-effective are some of the factors that makes aluminum highly desirable in automotive applications.

    Europe Market, By Process

    Die casting process generated a demand of around 3 million tons in 2020. Die cast process provides with enhanced dimensional accuracy in comparison to its counter parts. Moreover, rapid production rate along with reduction in secondary machining processes will drive the segment expansion.

    Europe Market, By Application

    The engine application segment will dominate more than 40% market share by 2027. Engine applications require huge amount to casting elements. Almost every part of the engine is manufacturing through casting processes. Aluminum die casting is the common material used in the automotive engine casting processes.

    Competitive Industry Landscape

    The leading companies operating in the market include, Zetwerk, Gibbs Die Casting, Dynacast, Ryobi, Bell Foundry, Zollern GmbH, CFS Foundry, Impro, Firmengruppe Wolf, and Endurance Technologies.

    Frequently Asked Question(FAQ) :

    How big is Europe automotive casting market?
    The market size for automotive casting in Europe surpassed USD 18 billion in 2020 and will expand at a CAGR of around 4.8% through 2027 with an increasing need to reduce the vehicle weight.
    Why are automakers in Europe investing in aluminum casting?
    The aluminum segment accounted for around USD 11.5 billion share of the Europe market in 2020 and is poised to grow with the demand for lightweight components.
    Why is automotive die casting sector growing in Europe?
    The automotive die casting process segment reflected around 3 billion tons of the Europe market in 2020, with a robust outlook forecast due to benefits like rapid production rate and improved dimensional accuracy.
    How will engine applications drive Europe automotive casting industry growth?
    The engine application segment is projected to capture over 40% share of the Europe market by 2027 owing to a strong demand for casting elements.
    Which are the automotive casting companies in Europe market?
    The market size for automotive casting in Europe has become competitive with companies such as Dynacast, Bell Foundry, CFS Foundry, Endurance Technologies, Zetwerk, Ryobi and Gibbs Die Casting, among others.

    Get this research report on Europe Automotive Casting Market customized according to your business requirements.

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