What is the Current Market Value for Aluminum Casting Market?

The Market Value for Aluminum Casting Market in 2020 is USD 68,623.29 Million. Read More

What is the Growth Rate of the Aluminum Casting Market?

The Aluminum Casting Market is to grow at a CAGR of 7.9% during the Forecast Period of 2021 to 2028 Read More

Which countries data are covered in the report?

The countries covered in the aluminum casting market report are U.S., Canada, Mexico, Brazil, Argentina, the rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, etc. Read More

Aluminum Casting Market Dynamics & Industry Trends

Q: Who are the major players operating in the market?

The major players in the Aluminum Casting Market are Alcoa Corporation, Endurance Technologies Limited, Ryobi Limited, DyCast Specialties Corporation, Consolidated Metco, Inc., Alcast Technologies, Ningbo Beilun Create Mould Machine Co., Ltd, etc. Read More

Global Aluminum Casting Market, By Process (Expendable Mold Casting and Non-Expendable Mold Casting), Source (Primary (Fresh Aluminum) and Secondary (Recycled Aluminum), Application (Intake Manifolds, Oil Pan Housings, Structural Parts, Chassis Parts, Cylinder Heads, Engine Blocks, Transmissions, Wheels and Brakes, Heat Transfers and Others), End-User (Automotive, Building and Construction, Industrial, Household Appliances, Aerospace, Electronic and Electrical, Engineering Tools and Others), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Austria, the Rest Of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, the Rest Of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and the Rest Of the Middle East and Africa, and Many Others) Market Trends and Forecast 2028

Market Analysis and Insights: Global Aluminum Casting Market

Global aluminum casting market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 7.9% in the forecast period of 2021 to 2028 and is expected to reach USD 1,25,047.18 Million by 2028.

The aluminum casting provides several advantages to the manufacturers as well for the end consumers. The process allows the producers to produce parts faster and higher than any other alloy material. The products formed through the casting process are corrosion-resistant, versatile, and can be used for different purposes. Further, it also allows the manufacturers to manufacture various types of products through these aluminum parts.

The lightweight materials accelerate a lighter object in less energy than the heavier one and further help increase the efficiency of the vehicle. With lightweight materials, automobiles can control the emission level and provide a safe and integrated electronic system without increasing the vehicle's weight. Further, it also helps in keeping an all-electric range of plug-in vehicles constant. Thus, we can say that aluminum usage has been increased very rapidly in the automotive industry due to its high tensile strength and lightweight feature. So the casting of aluminum gets increased, which boosts the market in the future.

The major restraint found in the die casting process is the high capital cost required when initiating the process. The process requires huge investment at the time of casting. The manufacturers should look for mass production because the equipment and the necessary machines for the casting are very high. Therefore, to consider it as an economic process, the manufacturer should focus on large volume production. The wide application of aluminum casting in a broad range of networking and infrastructure equipment boosts the sales and demand of the aluminum casting market. It acts as an opportunity for the market. The chemical and mechanical processes involved in aluminum casting produce several toxic by-products and consume excessive energy, which acts as a challenge for the market.

This aluminum casting market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Global Aluminum Casting Market Scope and Market Size

Global aluminum casting market is segmented on the basis of process, source, application, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of process, the global aluminum casting market is segmented into expandable mold casting and non-expandable mold casting. In 2021, non-expendable mold casting is expected to dominate the market as most of the products which are produced are from non-expendable processes such as die-casting, permanent die casting, and others.

On the basis of source, the global aluminum market is segmented into primary (fresh aluminum) and secondary (recycled aluminum). In 2021, primary (fresh aluminum) is expected to dominate the global aluminum casting market as the products made through it do not possess any additives. The adulteration rate is very low compared to the recycled aluminum, which helps to boost its demand.

On the basis of application, the global aluminum casting market is segmented into intake manifolds, oil pan housings, structural parts, chassis parts, cylinder heads, engine blocks, transmissions, wheels and brakes, heat transfers, and others. In 2021, wheels and brakes are expected to dominate the market as they are cost-effective and require a slow maintenance frequency, which boosts its demand.

On the basis of end-user, the global aluminum casting market is segmented into automotive, building and construction, industrial, household appliances, aerospace, electronics and electrical, engineering tools, and others. In 2021, automotive is expected to dominate the market because most automotive parts are made from aluminum which provides lighter weight to vehicles.

Global Aluminum Casting Market Country Level Analysis

Global aluminum casting market is segmented on the basis of process, source, application, and end-user.

The countries covered in the aluminum casting market report are the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel and Rest of the Middle East and Africa.

In terms of growth by process, the Asia-Pacific is expected to grow with the highest growth rate in the forecast period of 2021 to 2028. China is dominating the process segment due to the demand for aluminum products that have been increased very rapidly made from the die casting process as it provides accurate dimension products, smooth and textured surface metal parts. In North America, U.S. dominates the segment due to the number of car parts such as engine blocks or structural parts that have been manufactured majorly through the high-pressure die casting process. The process segment in Germany dominates the European market as in the automobile industry. The parts which are used are mainly produced from the permanent mold casting and the die casting processes.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.

Growth in the Aluminum Casting Market

The global aluminum casting market also provides you with a detailed market analysis for every country's growth in the installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in infant formula regulatory scenarios and their impact on the Aluminum Casting market. The data is available for the historical period 2010 to 2019.

Competitive Landscape and Aluminum Casting Market Share Analysis

Global Aluminum Casting market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points are only related to the company’s focus on the global aluminum casting market.

The major players covered in the report are Alcoa Corporation, Endurance Technologies Limited, Ryobi Limited, DyCast Specialties Corporation, Consolidated Metco, Inc., Alcast Technologies, Ningbo Beilun Create Mould Machine Co., Ltd, Pyrotek, Martinrea Honsel Germany GmbH, GIBBS, Dynacast, Reliance Foundry Co. Ltd., TOYOTA INDUSTRIES CORPORATION, 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., among other players domestic and regional. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

For instance,

In September 2018, Pyrotek launched Rigid Glasweve Filters for Low-pressure Casting. This will help the company in low-pressure casting aluminum foundries save money by internally remelting their sprue returns. With this development company is expected to enhance its product portfolio with innovative technologies. In October 2019, TOYOTA INDUSTRIES CORPORATION launched its first-ever international manufacturing of electric compressors in China. It will help the company to increase its capacity of production and also increase the demand for aluminum for the company.

SKU-51929

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Global Aluminum Casting Market – Industry Trends and Forecast 2028

Market Analysis and Insights: Global Aluminum Casting Market

Global Aluminum Casting Market Scope and Market Size

Global Aluminum Casting Market Country Level Analysis

Competitive Landscape and Aluminum Casting Market Share Analysis

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Research Methodology:

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Frequently Asked Questions

What is the Current Market Value for Aluminum Casting Market?

What is the Growth Rate of the Aluminum Casting Market?

Who are the major players operating in the market?

Which countries data are covered in the report?

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