£594.1m
£XX.Xm
4,991
137
£XXX.Xm
Over the five years through 2023-24, industry revenue is expected to contract at a compound annual rate of 3.6% to £594.1million. Major influences on the light metal casting industry include aerospace and motor vehicle manufacturers, which are major buyers of light metal casted parts. In 2023-24, revenue is forecast to swell by 1.5%, bolstered by the post-COVID-19 recovery of these manufacturing markets. Declining car production has weighed on industry revenue over recent years. According to the SMMT, car registrations consistently fell from 2016 from over 2.5 million new car registrations to over 1.5 million in 2022, limiting demand for automotive components until 2023, when registrations rebounded to 1.9 million.
Industry revenue has declined at a CAGR of 3.6 % over the past five years, to reach an estimated £594.1m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Howmet Ltd | 90.9 | |
Ryobi Aluminium Castings (UK) Ltd | 81.2 | |
Linamar Light Metals Belfast Ltd | 68.6 |
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Industry revenue is measured across several distinct product and services lines, including Automotive components, Aerospace components and Other. Automotive components is the largest segment of the Light Metal Casting in the UK.
Automotive components rely heavily on light metal castings
Metal casting refers to the pouring of liquid metals into a mould to make often complex shapes. The industry consists of companies that cast light metals, such as aluminium, magnesium, zinc and titanium.
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SIC 24.53 - Light Metal Casting in the UK
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Including values and annual change:
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Key data sources in the UK include:
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The market size of the Light Metal Casting in the UK industry in United Kingdom is £594.1m in 2024.
There are 137 businesses in the Light Metal Casting in the UK industry in United Kingdom, which has grown at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Light Metal Casting in the UK industry in United Kingdom has been declining at a CAGR of 3.6 % between 2019 and 2024.
Over the next five years, the Light Metal Casting in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Light Metal Casting market in United Kingdom are Howmet Ltd, Ryobi Aluminium Castings (UK) Ltd and Linamar Light Metals Belfast Ltd
Automotive components and Aerospace components are part of the Light Metal Casting in the UK industry.
The company holding the most market share in United Kingdom is Howmet Ltd.
The level of competition is moderate and increasing in the Light Metal Casting in the UK industry in United Kingdom.