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.

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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

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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.