Sand Castings Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Sand Castings market reached a value of about 70.9 million tons in 2021. The industry is projected to grow at a CAGR of around 5% in the forecast period of 2022-2027 to reach a value of about 95.11 million tons by 2027.

The global Sand Castings industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing development in the automotive sector is driving the market demand. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.

Industry Definition and Segmentation

Sand casting, also known as sand moulded casting, is a metal casting technique in which the mould is made of sand. Molten metal is poured into a sand mould during the sand-casting process. The phrase sand casting can also apply to an object created using the sand-casting technique. Sand castings are created at metalworks, which are specialist factories. The Sand Castings industry report comprises segments by type (Ferrous Sand Castings and Non-Ferrous Sand Castings) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

Asia Pacific region holds the largest market share because, in terms of yearly sales and manufacturing production, China is the world's largest automobile market. Other nations, including Japan, India, and South Korea, are significant vehicle production centres. Asia Pacific's share of the global automotive sand-casting market is growing due to the substantial presence of automakers and automotive component suppliers.

The industry is primarily driven by increased vehicle production, rising demand for mid-and premium-segment automobiles, and a lack of alternative manufacturing technologies. The automotive sector has witnessed growth due to changing economic conditions and increased employment; a rise in spending has led to higher sales of automobiles, thus resulting in the market's expansion. Automobile manufacturers are increasing manufacturing capacity to meet expanding customer demand, which is driving up demand for automotive components furthering the growth of the sand-casting market. In addition, the increasing trend of light-weighting in passenger cars due to stringent emission norms and benefits offered by the casting process such as higher precision, accuracy, shorter cycle time, and excellent surface finish are expected to drive the market. Also, demand from the automotive, railroads, energy, and construction industries has been the key demand drivers.

Best Procurement Practices

The global Sand Castings industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Sand Castings regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.

Category Management Studies

Two match plates are tightly packed with greensand or silica sand. A 3D machining tool is used to make a master pattern design, which is then utilised to create the necessary cast shape, creating a negative imprint. The cope and drag are two sections made up of these match plates. The sand is then allowed to solidify. The cope and drag are taken from the match plate and sealed after the moulds are complete. After filling the match plates, liquid motel metal is poured into them. When the metal has cooled, the castings are broken out of the mould, and further machining, coating, or testing is performed.

Various Advantages of the Process, Further Driving the Procurement of Sand Castings

The industry is being aided by the newer trends in the market, like the rise in consumer demand for electric and autonomous vehicles. Automobile makers are attempting to reduce kerb weight by employing various materials with an excellent strength-to-weight ratio. To meet the stringent criteria imposed by regulatory authorities, several car sections are being made considerably more robust than previously. OEMs are also concentrating their efforts on developing electric and hybrid cars, which require more lightweight materials, resulting in significant growth in the metal casting business. Furthermore, the metal casting technique has several benefits, including increased energy efficiency, cheaper manufacturing costs, improved environmental quality, and the development of new cast goods. As a result, Pipes and fittings, mining and oilfield machinery, internal combustion engines, railways, valves, and farm equipment rely heavily on casting to make homogeneous products. Moreover, increased metal casting research assures breakthroughs and improvements in the casting process, such as creating lost foam casting and computer-based visualisation tools for die casters to build alternative moulding methods, likely to impact the market positively.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Sand Castings Industry Report

• Consolidated Metco
• Weichai Holding Group Co., Ltd.
• Nelcast Ltd.
• Hitachi Metals
• FERDE Corporation

Market Landscape

Due to the existence of various competitors, the worldwide automotive sand-casting market is somewhat concentrated. The number of iron and steel foundries has decreased, while the number of non-ferrous foundries has remained constant. Medium and small-scale businesses dominate the landscape of suppliers.

Key Initiatives by Companies

• Gjensidige acquires the toll solution provider of the toll corporation Ferde AS and thereby manages toll collection for AutoPASS clients.