DUBLIN, August 23, 2017 /PRNewswire/ --
The "Global Non-ferrous Castings Market 2017-2021" report has been added to Research and Markets' offering.
The global non-ferrous castings market to grow at a CAGR of 5.84% during the period 2017-2021.
Global Non-ferrous Castings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the retail selling price as the average selling price for the product.
The latest trend gaining momentum in the market is Shift from ferrous to non-ferrous casting. In recent years, the metal castings market has been shifting toward non-ferrous castings, especially aluminum castings, due to their favorable features. Also, end-user industries, such as automotive, telecommunications, and industrial machinery, are focusing on lightweight products to improve their quality and efficiency by reducing the overall weight.
According to the report, one of the major drivers for this market is Increased simulation-based castings. Simulation-based casting technology is widely used in metal casting industries and foundries. It is a virtual software that gives a virtual casting process, such as mold filling, cooling, and solidification, with respect to direction and time. They also help in predicting and identifying the location of internal defects and optimizing the design and process methods of casting. They are useful for the production of economic, reliable, and high accuracy cast components.
Further, the report states that one of the major factors hindering the growth of this market is Need for high initial investment. Casting products are developed by the effective deployment of high-quality casting equipment, metals, and dies that deliver high-precision products in a minimal time. The high cost of casting equipment limits the production volume of manufacturers.
- Hitachi Metals
- Minerals Technologies
- Precision Castparts
Other prominent vendors
- Alcast Technologies
- Bodine Aluminum
- CAF Innovative Shapecasting
- Castwel Foundries
- DM Foundries
- FSE Foundry
- Georg Fischer
- Leggett & Platt Office Components
- LEW Castings
- Martinrea Honsel
- MRT Castings
- Norwood Foundry
- voestalpine Giesserei Linz
Key Topics Covered:
Part 01:Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by metal type
Part 07: Market segmentation by applications
Part 08: Geographical segmentation
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/9sb72h/global
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SOURCE Research and Markets