Automotive Casting Market Size | Growth & Trends

Q: How big is the automotive casting market?

The automotive casting market is projected to reach USD 110.6 billion by 2031.

Q: What is the CAGR of the automotive casting market?

The automotive casting market is anticipated to grow at a CAGR of 5.7% during forecast period.

Q: What are the key drivers of the automotive casting market?

Increased vehicle production, demand for lightweight parts, and advanced casting technologies are the main drivers.

Q: Which materials are commonly used in automotive casting?

Aluminum, iron, magnesium, and zinc are the primary materials used in automotive casting.

Q: What are the major applications of automotive casting?

Engine components, transmission housings, suspension parts, and EV structural assemblies are key applications.

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Code: MTA4897

Publication Date: Jul 2025

How big is the automotive casting market?

According to 6Wresearch internal database and industry insights, the automotive casting market was valued at approximately USD 74.8 billion in 2024 and is projected to reach USD 110.6 billion by 2031. The market is expected to grow at a CAGR of 5.7% during the forecast period.

This growth is driven by increasing automotive production, rising demand for lightweight vehicle components to improve fuel efficiency, and technological advancements in casting techniques such as high-pressure die casting and precision sand casting.

Key Growth Factors of the Automotive Casting Market

Growing emphasis on vehicle weight reduction to meet fuel economy standards
Expansion of the electric vehicle (EV) segment requiring lightweight and complex cast components
Increased vehicle production and aftermarket demand in emerging economies
Adoption of advanced materials like aluminum and magnesium for better performance
Cost-effectiveness and recyclability of cast metal parts
Integration of automated casting processes to improve efficiency and reduce defects

Automotive Casting Market Trends

Automotive OEMs are increasingly adopting aluminum die casting for engine blocks, transmission cases, and structural parts. EV manufacturers are prioritizing large, integrated castings to minimize part counts and simplify assembly. The market is also seeing increased investments in 3D sand printing for rapid prototyping. Additionally, suppliers are enhancing casting precision with simulation software and real-time monitoring systems.

Emerging Developments in the Automotive Casting Market

Foundries are adopting smart manufacturing technologies to monitor thermal performance and improve mold life. The industry is witnessing a shift toward closed-loop recycling systems for metal reusability. Cast components are being tailored for battery enclosures and heat management in EVs. Furthermore, there is rising collaboration between automotive OEMs and casting solution providers for lightweight modular assemblies.