|By PR Newswire||
|April 4, 2014 03:35 AM EDT||
DUBLIN, April 4, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/vx2ncz/global_metal) have announced the addition of the "Global Metal Casting Market" report to their offering.
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The analysts forecast the Global Metal Casting market to grow at a CAGR of 7.89 percent over the period 2012-2016. One of the key factors contributing to this market growth is the migration of manufacturing operations to emerging markets. The Global Metal Casting market has also been witnessing the growth of renewable energy castings. However, increasing energy requirements could pose a challenge to the growth of this market.
The report, the Global Metal Casting Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas, and the EMEA and APAC regions; it also covers the Global Metal Casting market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
During the last four decades, a staggering percentage of foundries in developed countries have closed down because of high labor, production, and raw material costs, and recently, the low demand triggered by the global recession. The shift is also driven by rigid environmental stipulations and initiatives with regards to waste, energy, and environmental taxation by governments in Western countries. In emerging nations, raw material is abundantly available though sometimes inferior in quality, and in addition, the availability of cheap labor in these countries hints at the untapped potential of these markets.
According to the report, one of the main drivers in this market is industrialization and development in the APAC region. Since the global economic recession many organizations have been expanding their manufacturing operations across the globe, especially in the APAC region to tap the potential of the rapidly growing market in countries such as China and India.
Further, the report states that one of the key challenges is the increase in energy requirements for the production of metal castings. The prices of metal castings are also increasing due to the increasing raw material costs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Product Segmentation
8. End User Segmentation
9. Geographical Segmentation
10. Key Leading Countries
11. Vendor Landscape
12. Buying Criteria
13. Market Growth Drivers
14. Drivers and their Impact
15. Market Challenges
16. Impact of Drivers and Challenges
17. Market Trends
18. Key Vendor Analysis
- Alcoa Inc.
- Precision Castparts Corp.
- ThyssenKrupp AG.
For more information visit http://www.researchandmarkets.com/research/vx2ncz/global_metal
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets