The Australia casting devices market size is expected to grow at a CAGR of 9.60% between 2025 and 2034.

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Steel Casting Market Size 2025-2029

The steel casting market size is forecast to increase by USD 7.23 billion, at a CAGR of 4.4% between 2024 and 2029. The market is experiencing significant growth, driven primarily by the increasing construction activities across various sectors. This trend is attributed to the widespread demand for infrastructure development and the resulting need for large-scale steel castings.

Major Market Trends & Insights

APAC dominated the market and contributed 48% to the growth during the forecast period.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the Application, the automotive and transportation segment led the market and was valued at USD 11.61 billion of the global revenue in 2023.
Based on the Product, the sand casting segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 50.59 Million
Future Opportunities: USD 7.23 Billion
CAGR (2024-2029): 4.4%
APAC: Largest market in 2023

Another key driver is the introduction of automation in the die casting process, which enhances efficiency and productivity. However, the market also faces challenges, including environmental concerns related to the casting industry. The high energy consumption and emissions associated with the production of steel castings are under increasing scrutiny, necessitating the adoption of sustainable manufacturing practices. Companies seeking to capitalize on market opportunities must focus on innovation and efficiency, while addressing these environmental challenges through the implementation of green technologies and sustainable production methods. By staying abreast of these trends and adapting to the evolving market landscape, businesses can effectively navigate the market's strategic terrain.

What will be the Size of the Steel Casting Market during the forecast period?

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The market continues to evolve, driven by advancements in technology and the expanding application scope across various sectors. Quality control procedures are a crucial aspect of this industry, with gating system design and solidification modeling playing essential roles in ensuring consistent product quality. For instance, a leading automotive manufacturer reported a 15% increase in casting yield by optimizing gating systems and implementing advanced solidification modeling techniques. The market encompasses a diverse range of steel casting processes, including lost wax casting, industrial steel castings, and precision investment casting. Each process offers unique advantages, such as the intricate detailing of investment casting or the high productivity of centrifugal casting.

Heat treatment processes, such as gray iron casting and alloy steel casting, further enhance the properties of steel castings, enabling them to meet the stringent requirements of various industries. The steel casting industry is expected to grow at a robust pace, with industry experts projecting a 7% annual expansion. This growth is fueled by the increasing demand for steel castings in sectors like automotive, energy, and infrastructure. Innovations in areas like thermal stress analysis, casting simulation software, and non-destructive testing are further driving the market forward. Machining steel castings and casting surface finishing are critical aspects of the production process, ensuring the final product meets the desired dimensions and surface quality.

Defect detection methods, such as X-ray fluorescence and ultrasonic testing, play a vital role in maintaining high-quality standards. Innovations in die casting alloys, casting design optimization, and riser design optimization are also shaping the market landscape. For example, the shell molding process has gained popularity due to its cost-effectiveness and flexibility, while the investment casting process continues to be the go-to choice for producing complex components. The continuous unfolding of market activities and evolving patterns underscore the dynamic nature of the steel casting industry. With a focus on improving casting yield, optimizing processes, and enhancing product quality, this market is poised for continued growth and innovation.

How is this Steel Casting Industry segmented?

The steel casting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Automotive and transportation
  Construction and infrastructure
  Mining
  Power
  Aerospace and defense
  Oil and gas
  Rail and transit
  Shipbuilding
  Industrial machinery


Product

  Sand ca

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Metal Casting Market Size 2025-2029

The metal casting market size is forecast to increase by USD 22.85 billion at a CAGR of 8.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of advanced technologies such as X-ray casting for improved defect recognition in industries like automotive engines and passenger cars. Additionally, the integration of casting process simulation technology is enhancing efficiency and reducing production costs. However, the market faces challenges from energy-consuming technologies that increase overall production costs. Key technologies shaping the market include steel casting, aluminum casting, and aluminum die casting, with applications ranging from automotive components to construction machinery and X-ray equipment. Innovations in materials like magnesium are also driving market expansion. The use of 3D printing in metal casting is a promising trend, offering customization and cost savings, but faces challenges in terms of scalability and material limitations. Overall, the market is poised for growth, driven by technological advancements and evolving industry demands.

What will be the Size of the Metal Casting Market During the Forecast Period?

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The market encompasses the production of various metal components through processes such as die casting, sand mold casting, and investment casting. This industry is characterized by its significant size and continuous growth, driven by the demand for lightweight, strong parts in diverse sectors, including automotive, construction, and industrial manufacturing. Aluminum casting, specifically grey iron metal and aluminum, holds a prominent position due to its lightweight properties and cost-effectiveness. Regulations governing waste minimization and the use of recyclable materials are influencing market trends, with an increasing focus on 3D metal shaping through technologies like cut-out molds and 3D printing. Applications span from intricate lamp poles to large structural components, with flexible designing and rapid prototyping facilitating innovation.
Silicone molds and the integration of plastic and sand in casting processes further expand the market's scope. Overall, the metal casting industry remains a dynamic and evolving sector, driven by the demand for strong, lightweight parts and the ongoing pursuit of cost-effective, sustainable manufacturing solutions.

How is this Metal Casting Industry segmented and which is the largest segment?

The metal casting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Automotive
  Industrial machinery
  Aerospace and defense
  Others


Material

  Aluminum
  Cast iron
  Magnesium
  Zinc
  Others


Method

  Sand casting
  HPDC
  Gravity casting
  LPDC


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  North America

    Canada
    US


  South America



  Middle East and Africa

By End-user Insights

The automotive segment is estimated to witness significant growth during the forecast period.

The market experiences significant growth, driven by the automotive industry's increasing demand for lightweight, cost-effective, and easily maneuverable components. Zinc and aluminum are the preferred metals for casting in this sector due to their properties, with ferrous and nonferrous metals and their alloys also utilized in engine and brake production. Die casting, specifically zinc and aluminum die casting, is a popular method for manufacturing automotive components. The rising number of vehicles in use, fueled by low-interest rates and affordable fuel prices, further boosts market expansion. Metal casting techniques, including sand casting, gravity casting, vacuum casting, and die casting, are employed in various industries such as oil & gas, aerospace, railroad, healthcare, mining, and manufacturing of lamp poles, bus pedals, train wheels, vehicle parts, and metal casting suppliers.

Key benefits of metal casting include the production of strong, lightweight parts, waste minimization, and cost-effectiveness. Metals used include carbon, silicon, manganese, phosphorus, and sulphur, with varying melting points and wear resistance. Machines used in metal casting include blowers, bearings, cams, engine oil pans, gears, valves, screw nuts, wire rod, and electrical sheets.

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The Automotive segment was valued at USD 17.3 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 52% to the growth of the global market durin

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Aluminum Die Casting Market Size 2025-2029

The aluminum die casting market size is forecast to increase by USD 49.2 billion at a CAGR of 8.7% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by its increasing adoption in the automotive industry. The lightweight and high-strength properties of aluminum die castings make them an ideal choice for automotive applications, leading to a in demand. Furthermore, the emergence of smart manufacturing and Industry 4.0 technologies is revolutionizing the production process, enhancing efficiency and reducing costs. However, the market is not without challenges. Competition from alternative materials, such as magnesium and plastic, poses a threat to aluminum die casting's market share.
To remain competitive, market participants must focus on innovation, cost optimization, and delivering superior quality products. Companies that successfully navigate these challenges and capitalize on the opportunities presented by the automotive industry and Industry 4.0 technologies stand to gain significant market share and revenue growth.

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The market in the United States continues to experience significant activity, driven by the growing demand for lightweight and high-performance components in various industries. Thin wall casting, a key trend in this market, enables the production of intricate and complex parts with reduced material usage and improved fuel efficiency. Competitive advantage is achieved through continuous improvement, including the adoption of advanced technologies such as thermal spraying and non-destructive testing. Market intelligence indicates that casting machines with higher productivity and precision, integrated quality management systems, and user-friendly casting software are in high demand. Process optimization through mold flow analysis, lean six sigma, and simulation software also contribute to market growth. . Key applications include the production of housings, brackets, fittings, and various auto parts.
Sustainability initiatives, such as green manufacturing and supply chain resilience, are increasingly important, with a focus on reducing carbon footprint and minimizing product obsolescence. Intellectual property protection and technology licensing are also key considerations in this competitive landscape. The market is characterized by the use of various inspection equipment, including dimensional inspection, corrosion testing, and material testing, to ensure product quality and meet customer requirements. Surface inspection, shot peening, and powder coating are essential for enhancing product durability and appearance. Market dynamics are influenced by the product life cycle, with a focus on high volume production and the adoption of advanced technologies to meet evolving customer needs. Aluminum die casting is also gaining traction in other industries, including telecommunications, construction, and industrial manufacturing, due to its excellent thermal conductivity and fuel economy benefits.

How is this Aluminum Die Casting Industry segmented?

The aluminum die casting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Automotive
  Heavy machinery and industrial
  Aerospace and defense
  Construction
  Others


Type

  High pressure
  Low-pressure
  Vacuum
  Gravity
  Squeeze


Method

  Hot chamber
  Cold chamber


Geography

  APAC

    Australia
    China
    India
    Japan
    South Korea


  Europe

    France
    Germany
    UK


  North America

    US
    Canada


  Middle East and Africa



  South America

By Application Insights

The automotive segment is estimated to witness significant growth during the forecast period. The high-pressure die casting process is a significant contributor to the manufacturing industry, accounting for approximately 30%-35% of components in an automobile, primarily made of aluminum alloys. This process is preferred due to its ability to create lightweight parts with high material strength and dimensional accuracy, making it an ideal choice for producing complex shapes. The demand for aluminum die-cast parts has been on the rise across various sectors, including automotive, aerospace, electronic components, and machinery components, due to their energy efficiency and corrosion resistance. Technological advancements and innovations have further fueled the adoption of high-strength and lightweight aluminum castings, particularly in the automotive sector. The emergence of smart manufacturing and Industry 4.0 is the upcoming market trend. The market is experiencing significan

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Soft Magnetic Material Market Size 2024-2028

The soft magnetic material market size is forecast to increase by USD 3.56 billion, at a CAGR of 6% between 2023 and 2028.

The market is experiencing significant growth due to increasing demand from the automobile industry and expanding applications in the computer industry. These sectors leverage soft magnetic materials for their magnetic properties, which are essential in various components such as electric motors and transformers. The automobile industry's growing focus on electrification and the development of electric vehicles is driving the market's expansion. In contrast, the high cost associated with mining rare-earth metals, a crucial component in producing soft magnetic materials, poses a substantial challenge. This cost factor can impact the profitability of manufacturers and may limit the market's growth potential.
Companies in the soft magnetic materials market must navigate this challenge by exploring alternative sources, improving production efficiency, or developing cost-effective substitutes to maintain competitiveness. By addressing these challenges and capitalizing on the growing demand from key industries, market participants can effectively capitalize on the market's opportunities and ensure long-term success.

What will be the Size of the Soft Magnetic Material Market during the forecast period?

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The market continues to evolve, driven by the ongoing research and development in various sectors. Powder processing techniques play a crucial role in producing high-quality soft magnetic materials, ensuring optimal magnetic flux density and magnetic recording capabilities. In power electronics, soft magnetic materials are essential for efficient energy conversion and reduction of electromagnetic interference (EMI). Magnetic flux density and magnetic recording applications require materials with high magnetic permeability and magnetic field strength. Magnetic testing and heat treatment are essential processes to ensure the desired magnetic properties, such as magnetic anisotropy and magnetic hysteresis. High-frequency applications, including magnetic material shielding and power electronics, necessitate materials with low magnetic losses and high magnetic susceptibility.

The use of nanocrystalline alloys, cobalt-based alloys, and nickel-based alloys has been instrumental in addressing these requirements. In the medical devices sector, soft magnetic materials are utilized for magnetic modeling and magnetic properties measurement, while in the energy industry, they are crucial for rapid solidification and magnetic annealing. The ongoing research in magnetic simulation and magnetic characterization continues to expand the potential applications of soft magnetic materials. The magnetic domain and domain wall motion are critical factors influencing the magnetic behavior of materials. Amorphous alloys and iron-based alloys have gained significant attention due to their unique magnetic properties. The continuous unfolding of market activities and evolving patterns in the market underscores the importance of staying abreast of the latest developments.

How is this Soft Magnetic Material Industry segmented?

The soft magnetic material industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Electronics
  Automotive
  Energy
  Industrial
  Others


Type

  Silicon Steel
  Permalloy
  Nanocrystalline Alloys
  Ferrite


Application

  Electric Motors
  Inductors
  Relays
  Actuators


End-User

  Renewable Energy
  Consumer Electronics
  Automotive
  Telecommunications


Processing Method

  Sintering
  Annealing
  Casting
  Coating


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The electronics segment is estimated to witness significant growth during the forecast period.

The magnetic materials market is witnessing significant growth due to the increasing demand for enhanced magnetic properties in various industries. Magnetic losses are a critical concern in power electronics, particularly in low frequency applications, leading to the development of advanced magnetic materials with improved magnetic permeability and magnetic field strength. Soft magnetic alloys, amorphous alloys, and nanocrystalline alloys are gaining popularity due to their ability to minimize magnetic losses and enhance magnetic performance. In the energy industry, rapid solidification and heat treatment techniques are used to produce high-performance magnetic materials for power generation and transmission applications. Magnetic m

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Golf Clubs Market Size 2025-2029

The golf clubs market size is forecast to increase by USD 823.7 million at a CAGR of 2.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing disposable income of consumers and the rising number of ultra-high net worth individuals (UHNIs) who are avid golf enthusiasts. These demographic trends have led to a rise in demand for high-end golf clubs, offering luxurious amenities and exclusive memberships. However, the seasonality of the sport presents a notable challenge for market participants. Golf, being a weather-dependent sport, faces significant fluctuations in demand due to seasonal variations. Integrating mobile solutions into marketing strategies and enhancing social media presence are key trends that are reshaping the market landscape. Consequently, golf clubs must effectively manage their resources and operations to cater to peak seasons while maintaining member engagement during off-peak periods.
Additionally, they must continually innovate and adapt to evolving consumer preferences, such as incorporating technology to enhance the golfing experience, providing diverse recreational activities, and offering personalized services. By addressing these challenges and capitalizing on the growing demand, golf clubs can position themselves as preferred destinations for discerning consumers seeking exclusive, high-quality experiences. To capitalize on market opportunities, golf clubs can explore alternative revenue streams such as hosting corporate events, offering non-golf amenities, and expanding their geographical reach to regions with favorable climates.

What will be the Size of the Golf Clubs Market during the forecast period?

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The golf market encompasses a range of offerings, from golf apparel and footwear to course design and equipment. Golf balls, a key product, continue to evolve with advancements in technology, such as data analytics and smart clubs. Club maintenance, including re-gripping and re-shafting, remains essential for optimal performance. USGA rules and regulations guide the industry, shaping pricing structures for golf clubs, accessories, and bags. Clubhead geometry and clubface technology drive innovation, enhancing performance and fueling competition among brands. Warranties and reviews provide transparency for consumers in their purchasing decisions.
Golf club comparison and clubhead technology comparisons are popular online, enabling informed choices. Club repair services cater to the ongoing need for club maintenance and customization. Golf club accessories, from bags to tees, complement the core offerings, rounding out the market landscape.

How is this Golf Clubs Industry segmented?

The golf clubs industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Leisure
  Professional


Product

  Woods
  Irons
  Putters
  Wedges


Distribution Channel

  Offline
  Online


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    Australia
    China
    India
    Japan


  Rest of World (ROW)

By Application Insights

The leisure segment is estimated to witness significant growth during the forecast period. The market experiences significant growth due to the increasing popularity of the sport, driven by the expansion of golf courses and government initiatives to promote golf tourism. Leisure golf clubs hold the largest market share, with many individuals traveling to play on historic courses in destinations like Scotland. The availability of golf courses in cities and towns worldwide contributes to the sport's rising appeal. Advanced technologies, such as swing analysis, clubhead finishes, and custom fitting, have enhanced the overall golfing experience. Carbon fiber and synthetic materials have become increasingly common in golf club manufacturing, contributing to lighter and more durable clubs.

Forged irons, with their improved moment of inertia and feel, remain popular among serious golfers. Weight distribution and swing weight are crucial factors in club design, affecting clubhead speed and ball flight. Groove technology, face materials, and ball contact have significantly impacted performance optimization. Utility clubs, fairway woods, and wedge sets cater to various playing styles and skill levels. Steel and graphite shafts offer different benefits in terms of weight, flexibility, and feel. Beginner clubs, individual clubs, cast irons, and golf club sets cater to various budgets and skill levels. Premium clubs, w

In May 2024, iron ore was valued at approximately *** U.S. dollars per dry metric ton unit (dmtu), as compared to *** U.S. dollars per dmtu in the same month of the previous year. Iron ore prices and production Iron ore refers to the minerals and rocks from which metallic iron is economically viable to extract. Pig iron, which is one of the raw materials used in steel production, is derived from iron ore. The price of iron ore has fluctuated a great deal over the last twenty years. In 2003, one dmtu of iron ore cost ** U.S. dollars, and increased to a high of *** U.S. dollars per dmtu in 2011. The price saw dramatic drops in the past decade, from ****** U.S. dollars per dry metric ton unit in March 2013 to ***** U.S. dollars per dmtu in December 2015. Since then, the price has increased gradually to ****** U.S. dollars per dmtu as of July 2021, before dropping sharply in August 2021. Iron ore producers Overall, the global production of iron ore did not decrease when the prices dropped. In fact, an increase in production among several of the world's largest iron ore producing countries was observed in the past five years. Australia produced *** million metric tons of iron ore in 2023. China is also among the world's largest iron ore producers, though its production is calculated differently than in other countries. Based primarily on the production of raw ore rather than usable ore, China produced an estimated *** million metric tons in 2023.