Automotive Steel Casting Market

Increasing requirement for automotive vehicles in different end-use industries is expected to drive the automotive steel casting market. In automotive steel casting, the steel is heated until it reaches a molten state and subsequently, this liquid steel is used to manufacture various components of the vehicle. In this process, liquid steel is delivered into the hollow mold, which has different shape and size. Once the steel is cooled, it is removed from the mold as a finished product. This steel casting is also called as hot chamber die casting, which is commonly utilized to manufacture complex shapes and structures of the vehicle.
Automotive Steel Casting Market contains market size and forecasts of Automotive Steel Casting in global, including the following market information:
Global Automotive Steel Casting Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Automotive Steel Casting Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Automotive Steel Casting companies in 2021 (%)
The global Automotive Steel Casting market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Gravity Casting Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Steel Casting include POSCO, ArcelorMittal S.A., Hitachi Metals Co., Ltd., ThyssenKrupp AG, TATA Steel, Baosteel Group Corporation, Voestalpine Group, Nucor Corporation and HBIS Group Co., Ltd. and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Automotive Steel Casting manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Steel Casting Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Steel Casting Market Segment Percentages, by Type, 2021 (%)
Gravity Casting
High-Pressure Die Casting (HPDC)
Low-Pressure Die Casting (LPDC)
Sand Casting
Global Automotive Steel Casting Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Steel Casting Market Segment Percentages, by Application, 2021 (%)
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
Global Automotive Steel Casting Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Steel Casting Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Steel Casting revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Automotive Steel Casting revenues share in global market, 2021 (%)
Key companies Automotive Steel Casting sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Automotive Steel Casting sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
POSCO
ArcelorMittal S.A.
Hitachi Metals Co., Ltd.
ThyssenKrupp AG
TATA Steel
Baosteel Group Corporation
Voestalpine Group
Nucor Corporation
HBIS Group Co., Ltd.
Nippon Steel Corporation