Grid Casting Machine Market
Grid Casting Machine Market Forecasts to 2030 - Global Analysis By Type (Vertical , Horizontal , Semi-Automatic and Fully Automatic), Material, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Grid Casting Machine Market is accounted for $3.4 billion in 2024 and is expected to reach $5.1 billion by 2030 growing at a CAGR of 6.8% during the forecast period. A Grid Casting Machine is a specialized industrial device used in the manufacturing of grid components for lead-acid batteries. It operates by casting a lead alloy into a precise grid shape, which forms the framework for the battery's plates. The machine ensures uniformity in the casting process, optimizing the grid's structure for better performance and efficiency in battery operation. The grid's design impacts the battery's charge capacity, lifespan, and overall functionality, making the casting process critical for high-quality production.
Market Dynamics:
Driver:
Rising demand for lead-acid batteries
The rising demand for lead-acid batteries, driven by applications in automotive, renewable energy storage, and backup power systems, is fueling growth in the Grid Casting Machine market. As these batteries require high-quality, precise grid components for optimal performance, manufacturers are increasingly investing in advanced casting machines. This surge in demand for reliable, durable lead-acid batteries, coupled with technological advancements, is propelling the expansion of the market.
Restraint:
Complex manufacturing process
The complex manufacturing process in the market can lead to increased production costs and longer lead times. The intricate steps involved, such as precise alloy mixing, mold design, and cooling control, demand high technical expertise and specialized equipment. This complexity also raises the risk of defects and inefficiencies, impacting product quality and consistency. Additionally, manufacturers face challenges in scaling production, which can limit market growth and profitability.
Opportunity:
Advancements in grid casting technology
Advancements in grid casting technology have significantly enhanced the efficiency and precision of machines. Innovations such as automated casting processes, improved alloy formulations, and enhanced cooling techniques enable more consistent grid production, reducing waste and increasing throughput. Additionally, the integration of smart technologies, ensures higher accuracy in grid formation, improving the performance and longevity of lead-acid batteries and driving growth in the market.
Threat:
Fluctuations in raw material prices
Fluctuations in raw material prices, such as lead and alloy metals, can significantly impact the market. Volatile material costs increase production expenses, forcing manufacturers to adjust pricing strategies or absorb losses. These fluctuations can disrupt supply chains, delay production timelines, and reduce profit margins. Moreover, unpredictable raw material costs create financial uncertainty, making long-term planning difficult for manufacturers and potentially hindering investments in new technologies or market expansion.
Covid-19 Impact:
The COVID-19 pandemic severely impacted the market by disrupting global supply chains, delaying production, and reducing workforce availability due to lockdowns and health concerns. Manufacturers faced shortages of key materials and components, leading to project delays and increased costs. The slowdown in demand from sectors like automotive and energy storage further strained the market. However, post-pandemic recovery has led to gradual market stabilization and renewed investment in automation and efficiency.
The traditional grid casting segment is projected to be the largest during the forecast period
The traditional grid casting segment is projected to account for the largest market share during the projection period. This method, while cost-effective, often results in inconsistencies in grid thickness and quality. It requires significant labor and time, leading to lower efficiency compared to modern automated processes. Additionally, traditional casting can generate more material waste and offer limited precision, which can impact the performance and longevity of lead-acid batteries.
The renewable energy segment is expected to have the highest CAGR during the forecast period
The renewable energy segment is expected to have the highest CAGR during the extrapolated period as lead-acid batteries play a key role in energy storage solutions.. With the rising demand for solar and wind power systems, reliable energy storage is crucial for balancing supply and demand. This drives the need for high-performance batteries with durable, precisely cast grids. As renewable energy adoption increases, the demand for advanced grid casting technologies in battery manufacturing is expected to grow significantly.
Region with largest share:
North America region is projected to account for the largest market share during the forecast period. The region's advanced manufacturing infrastructure, technological innovation, and focus on battery efficiency are key factors propelling market expansion. Additionally, increasing investments in electric vehicles and energy storage solutions are expected to further boost demand for high-quality grid casting technologies, positioning the region as a significant market player.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. There is substantial investment in renewable energy sources like solar and wind power in countries such as China and India. This shift necessitates effective energy storage solutions, further boosting demand for grid casting machines used in battery production. Rapid industrialization and urbanization in the Asia-Pacific countries are contributing to increased manufacturing activities, which in turn raises the demand for grid casting machines.
Key players in the market
Some of the key players in Grid Casting Machine market include Siemens AG, Morgan Advanced Materials, Buhler Group, Nidec Minster Corporation, Schaeffler AG, Toshiba Machine Co., Ltd., Alpha Technologies, HADI Manufacturing Company, Kunshan Lead Power Equipment Co., Ltd., C&F Technology, Inc., Exide Technologies, JDC Machinery, Borit NV, Magnus Metal and CAM Elit Batarya.
Key Developments:
In April 2024, Nidec Minster Corporation have announced the acquisition of Canadian-based Linear Automation Inc., one of the industry’s leading supplier of specialized automation machinery with a focus on optimizing metal stamping operations.
In April 2024, Magnus Metal, a pioneer in industrial, high-volume digital casting for metal alloys, announced that it had secured US$ 74 million in Series B investment. Magnus Metal plans to use the additional financing to further develop its revolutionary casting methods, as well as expand its operations locally and worldwide to assist its Fortune 100 customers.
Types Covered:
• Vertical
• Horizontal
• Semi-Automatic
• Fully Automatic
Materials Covered:
• Lead-Based
• Lead-Free
• Aluminum-Based
• Other Materials
Technologies Covered:
• Traditional Grid Casting
• Die-Casting Grid Machines
• Continuous Casting
• Other Technologies
Applications Covered:
• Battery Production
• Energy Storage Systems
• Renewable Energy
• Military Batteries
• Other Applications
End Users Covered:
• Aerospace
• Marine
• Energy & Utilities
• Automotive
• Electronics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Grid Casting Machine Market, By Type
5.1 Introduction
5.2 Vertical
5.3 Horizontal
5.4 Semi-Automatic
5.5 Fully Automatic
6 Global Grid Casting Machine Market, By Material
6.1 Introduction
6.2 Lead-Based
6.3 Lead-Free
6.4 Aluminum-Based
6.5 Other Materials
7 Global Grid Casting Machine Market, By Technology
7.1 Introduction
7.2 Traditional Grid Casting
7.3 Die-Casting Grid Machines
7.4 Continuous Casting
7.5 Other Technologies
8 Global Grid Casting Machine Market, By Application
8.1 Introduction
8.2 Battery Production
8.3 Energy Storage Systems
8.4 Renewable Energy
8.5 Military Batteries
8.6 Other Applications
9 Global Grid Casting Machine Market, By End User
9.1 Introduction
9.2 Aerospace
9.3 Marine
9.4 Energy & Utilities
9.5 Automotive
9.6 Electronics
9.7 Other End Users
10 Global Grid Casting Machine Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Siemens AG
12.2 Morgan Advanced Materials
12.3 Buhler Group
12.4 Nidec Minster Corporation
12.5 Schaeffler AG
12.6 Toshiba Machine Co., Ltd.
12.7 Alpha Technologies
12.8 HADI Manufacturing Company
12.9 Kunshan Lead Power Equipment Co., Ltd.
12.10 C&F Technology, Inc.
12.11 Exide Technologies
12.12 JDC Machinery
12.13 Borit NV
12.14 Magnus Metal
12.15 CAM Elit Batarya
List of Tables
1 Global Grid Casting Machine Market Outlook, By Region (2022-2030) ($MN)
2 Global Grid Casting Machine Market Outlook, By Type (2022-2030) ($MN)
3 Global Grid Casting Machine Market Outlook, By Vertical (2022-2030) ($MN)
4 Global Grid Casting Machine Market Outlook, By Horizontal (2022-2030) ($MN)
5 Global Grid Casting Machine Market Outlook, By Semi-Automatic (2022-2030) ($MN)
6 Global Grid Casting Machine Market Outlook, By Fully Automatic (2022-2030) ($MN)
7 Global Grid Casting Machine Market Outlook, By Material (2022-2030) ($MN)
8 Global Grid Casting Machine Market Outlook, By Lead-Based (2022-2030) ($MN)
9 Global Grid Casting Machine Market Outlook, By Lead-Free (2022-2030) ($MN)
10 Global Grid Casting Machine Market Outlook, By Aluminum-Based (2022-2030) ($MN)
11 Global Grid Casting Machine Market Outlook, By Other Materials (2022-2030) ($MN)
12 Global Grid Casting Machine Market Outlook, By Technology (2022-2030) ($MN)
13 Global Grid Casting Machine Market Outlook, By Traditional Grid Casting (2022-2030) ($MN)
14 Global Grid Casting Machine Market Outlook, By Die-Casting Grid Machines (2022-2030) ($MN)
15 Global Grid Casting Machine Market Outlook, By Continuous Casting (2022-2030) ($MN)
16 Global Grid Casting Machine Market Outlook, By Other Technologies (2022-2030) ($MN)
17 Global Grid Casting Machine Market Outlook, By Application (2022-2030) ($MN)
18 Global Grid Casting Machine Market Outlook, By Battery Production (2022-2030) ($MN)
19 Global Grid Casting Machine Market Outlook, By Energy Storage Systems (2022-2030) ($MN)
20 Global Grid Casting Machine Market Outlook, By Renewable Energy (2022-2030) ($MN)
21 Global Grid Casting Machine Market Outlook, By Military Batteries (2022-2030) ($MN)
22 Global Grid Casting Machine Market Outlook, By Other Applications (2022-2030) ($MN)
23 Global Grid Casting Machine Market Outlook, By End User (2022-2030) ($MN)
24 Global Grid Casting Machine Market Outlook, By Aerospace (2022-2030) ($MN)
25 Global Grid Casting Machine Market Outlook, By Marine (2022-2030) ($MN)
26 Global Grid Casting Machine Market Outlook, By Energy & Utilities (2022-2030) ($MN)
27 Global Grid Casting Machine Market Outlook, By Automotive (2022-2030) ($MN)
28 Global Grid Casting Machine Market Outlook, By Electronics (2022-2030) ($MN)
29 Global Grid Casting Machine Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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