Alcoa Corporation, Endurance Technologies Limited and Toyota Industries Corporation are Dominating the Market for Global Aluminum Casting Market in 2019

Global Aluminum Casting Market is expected to grow with the CAGR of 7.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global aluminum casting market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.

The major players dealing in global aluminum casting market are introducing strong range of product portfolio. This helped company to maximize the sales with enhanced product portfolio. For instance, in June 2019, LA Aluminum announced a new Haas VF9-40 CNC machine that would be helpful in making permanent mold tooling. It will further provide the customers with faster tooling lead times.

Alcoa Corporation is the dominating player in global aluminum casting market. The other key players existing in the market includes Endurance technologies limited, Toyota Industries Corporation, Ryobi Limited, DyCast Specialties Corporation, Consolidated Metco, Inc., Alcast Technologies, Ningbo Beilun Create Mould Machine Co., Ltd, Leggett & Platt, Incorporated, Martinrea Honsel Germany GmbH, GIBBS, Dynacast, Reliance Foundry Co. Ltd., LA Aluminum, TPi Arcade, Drahtwerk Elisental W. Erdmann GmbH & Co., Wagstaff Inc., NINGBO INNOVAW Mechanical CO.,LTD., Modern Aluminum Castings CO., INC. and Pacific Die Casting Corp..

Alcoa Corporation

Alcoa Corporation headquartered in Pennsylvania, U.S. which was founded in 1888. The company is engaged in castings, mining, refining, smelting and energy businesses. The company performs its business through segments such as aluminum, alumina, bauxite, others among which aluminum is market focused segment. The company has different services for aluminum such as bauxite, alumina, aluminum, elysis.

  • In July 2019, Alcoa Corporation the U.S. based global leader of alumina, bauxite and aluminum products has declared the entire sales La Coruna and Aviles aluminum plants situated in Spain to Parter Capital Group AG which is based in Switzerland. It will increase the value of the company.   

The company has wide global presence across the globe such as Europe, South America, North America, Australia. In addition to it, the company also generates its revenue from the various subsidiary companies such as Alcoa - Aluminerie De Deschambault L.P.(Canada), Alcoa Aluminio S.A.,(Brazil), Alcoa Canada Co.(Canada), Alcoa Fjaroaa sf (Iceland), Alcoa Holland B.V.(Netherlands), Alcoa Nederland Holding B.V.(Netherlands), Alcoa Norway ANS(Norway), Alcoa of Australia Limited(Australia), Alcoa Power Generating Inc.(Tennessee), Alcoa Saudi Rolling Inversiones S.L(Spain) among others.

Endurance Technologies Limited

Endurance Technologies Limited is headquartered in Maharashtra, India which was founded in 2006. The company manufactures suspension, transmission products and deal with braking system. The company has business and market focused segment are two wheelers, three wheelers and other, four whelers.

In February 2017, Endurance Technologies Limited manufacturer of automobile spare parts had get an award for QCDDM performance which was received by Honda Scooters & Motorcycles India (HMSI). It will enhance the brand image of the company in the market.      

The company has wide global presence in India, Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Endurance Overseas SrL (Italy), Endurance Fondalmec SpA (Italy), Endurance FOA SpA (Italy), Endurance Engineering SrL (Italy), Endurance Amann GmbH (Germany.

Toyota Industries Corporation

Toyota Industries Corporation Incorporated has headquartered in Aichi, Japan and it was established in year 1926. The company is engaged in manufacturing and selling of automobiles, material handling equipment’s and textile machinery. The company offers wide range of applications such as materials handling equipment, automobile and textile machinery among which automobile is market focused category.

For instance,

  • In October 2019, Toyota Industries Corporation initiated its first-ever international manufacturing of electric compressors in China. It will help the company to expand its production and also increase the demand of aluminum for the company.

The company has presence in North America, Europe, Asia-Pacific and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such Toyota Material Handling Austria GmbH (Austria), Toyota Material Handling CZ s.r.o. (Czech Republic), Toyota Material Handling Finland Oy. (Finland), TD Deutsche Klimakompressor GmbH (Germany) among others.

Recent Strategic Decisions

Global Aluminum Casting Market