World Report
the transition to electric drivetrains are reshaping casting requirements. Lightweighting continues to displace some traditional components, even as EV-related thermal and structural castings create new demand.
In Europe, emissions targets
are driving the supply chain toward electrification. In China, domestic EV leaders like BYD are increasingly shifting production in-house, putting pressure on smaller casting suppliers. North American OEMs are rebalancing internal combustion and electric vehicle production
in response to policies and tariff dynamics.
General Industry General industry applications generated $4.27 billion globally in 2024, holding steady from the prior year. China led with $2.02 billion, followed by North America at $850 million and India at $450
million. Together, these three
countries accounted for 76% of global general industry casting sales. This sector includes orthopedic implants, oil and gas components, medical
devices,
pumps and valves, and non-aerospace military hardware. North
transportation, America
experienced moderate growth in oil & gas and medical implants, while China’s broader industrial slowdown weighed on
demand. India’s continued rise
reflects strong momentum in domestic manufacturing and defense programs.
Regional and Sector Leaders Global market leadership remained concentrated in three regions: • North America: $7.34 billion in total casting sales, representing nearly 43% of the global market. Notably, 84% of North American casting sales came from high value-added applications such as aerospace, defense, and industrial gas turbines.
Continued on pg 22 ®
2024 Global Automotive Investment Casting Sales Global automotive casting sales totaled $1.70 billion in 2024, with Europe, China, and North America representing 71% of demand. EV growth and policy incentives are reshaping component needs heading into 2025.
evolving
2024 Global General Industry Investment Casting Sales General industry castings totaled $4.27 billion in 2024. China remains dominant, but growth is constrained by low margins and weak infrastructure investment.
April 2025 ❘ 21
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