How big is the Gigacasting Market?

The Gigacasting Market size is expected to reach USD 109.13 million in 2024 and grow at a CAGR of 45.5% to reach USD 711.61 million by 2029. Read More

What is the current Gigacasting Market size?

In 2024, the Gigacasting Market size is expected to reach USD 109.13 million. Read More

Who are the key players in Gigacasting Market?

Idra S.r.l., Bühler AG, L.K. Technology Holdings Limited,, Handtmann Holding GmbH & Co. KG and Birch Machinery Company Ltd are the major companies operating in the Gigacasting Market. Read More

Which is the fastest growing region in Gigacasting Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Gigacasting Market?

In 2024, the Asia Pacific accounts for the largest market share in Gigacasting Market. Read More

What years does this Gigacasting Market cover, and what was the market size in 2023?

In 2023, the Gigacasting Market size was estimated at USD 59.48 million. The report covers the Gigacasting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Gigacasting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Gigacasting Market Share

Statistics for the 2023 & 2024 Gigacasting market share, created by Mordor Intelligence™ Industry Reports. Gigacasting share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Gigacasting Industry

The gigacasting market is dominated by a few key players, including Idra SRL, LK Technology Holdings Limited, Bühler AG, and others. The growing adoption of gigacasting machines among vehicle manufacturers worldwide is likely to boost the market during the forecast period. For instance,

In September 2023, Aisin, a Japanese automotive supplier, implemented gigacasting, a manufacturing method originally introduced by Tesla, in the production of aluminum components for electric vehicles.
In June 2023, Bühler Holding AG showcased its Carat 840 megacasting solution at the "Megacasting Unveiled" event in Austria. The machinery enables the production of structural castings for automobile body-in-white assemblies while reducing costs and CO2 emissions.