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Global Aluminum Casting Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Aluminum Casting Market, By Process (Die Casting, Sand Casting, Expendable Mold Casting, Permanent Mold Casting, and Non-Expendable Mold Casting), Source (Primary and Secondary, 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, Transportation,  and Others) - Industry Trends and Forecast to 2031.

Aluminum Casting Market

Aluminum Casting Market Analysis and Size

In the aluminum casting market, applications span various industries, including automotive, aerospace, construction, and electronics. Aluminum casting is utilized for manufacturing engine components, structural parts, housings, heat exchangers, and electrical enclosures. Its lightweight, corrosion-resistant, and malleable properties make it a preferred choice for diverse applications across sectors.

Data Bridge Market Research analyses that the global aluminum casting market which was USD 85,500.10 million in 2023, is expected to reach USD 1,57,086.25 million by 2031, growing at a CAGR of 7.9% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Aluminum Casting Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Process (Die Casting, Sand Casting, Expendable Mold Casting, Permanent Mold Casting, and Non-Expendable Mold Casting), Source (Primary and Secondary, 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, Transportation,  and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Alcoa Corporation (U.S.), Endurance Technologies Limited (India), Ryobi Limited (Japan), DyCast Specialties Corporation (U.S.), Consolidated Metco, Inc. (U.S.), Alcast Technologies (Canada), Ningbo Beilun Create Mould Machine Co., Ltd (China), Pyrotek (U.S.), Martinrea Honsel Germany GmbH (Germany), GIBBS (U.S.), Dynacast (U.S.), Reliance Foundry Co. Ltd. (Canada), TOYOTA INDUSTRIES CORPORATION (Japan), LA ALUMINUM (U.S.), TPi Arcade, LLC (U.S.), SalesViewer GmbH (Germany), Wagstaff Inc. (U.S.)

Market Opportunities

  • Customization and Design Flexibility for Optimal Performance
  • Adoption of Aluminum Owing to Focus on Sustainable Practices

Market Definition

Aluminum casting is a manufacturing process where molten aluminum is poured into a mold to create intricate and complex shapes upon solidification. This versatile technique is widely used in industries for producing various components, ranging from automotive parts and aerospace components to household items, owing to aluminum's lightweight and durable properties. 

Global Aluminum Casting Market Dynamics

Drivers

  • Increasing Demand in Automotive Industry Owing to Lightweight Properties

The automotive industry's demand for aluminum castings is driven by aluminum's lightweight properties, enhancing fuel efficiency and emissions reduction. With the rising popularity of electric vehicles (EVs), there is a heightened need for aluminum castings in crucial components such as battery housings and structural parts, reinforcing the market's growth trajectory.

  • Advancements in Casting Technologies to Meet Market Demand

Continual advancements in casting methods such as high-pressure die casting (HPDC) and squeeze casting are bolstering efficiency, waste reduction, and product quality. These technologies optimize production processes, ensuring superior outcomes across industries while addressing sustainability concerns. Embracing such innovations enhances competitiveness and meets evolving market demands for higher-performance aluminum castings.

Opportunities

  • Customization and Design Flexibility for Optimal Performance

Aluminum casting offers unparalleled design flexibility, enabling intricate customization to meet the unique requirements of industries such as automotive, aerospace, and consumer goods. This versatility allows manufacturers to produce complex components with precision, ensuring optimal performance and aesthetic appeal across diverse applications.

  • Adoption of Aluminum Owing to Focus on Sustainable Practices

The aluminum casting industry benefits from its inherent sustainability, as aluminum is highly recyclable. With a growing emphasis on environmental responsibility, industries increasingly favor aluminum casting for its eco-friendly attributes. This focus on sustainability drives the widespread adoption of aluminum casting across various sectors, contributing to a greener manufacturing landscape.

 Restraints/Challenges

  • Shortage of Skilled Labor Impeding Production Efficiency

Skilled labor shortages hinder the aluminum casting market by impeding production efficiency and quality. Difficulty in finding experienced workers leads to longer lead times, and potential compromises in product quality, ultimately affecting competitiveness and profitability in an industry reliant on specialized expertise.

  • High Cost of Corrosion Resistance Leads to Production Costs

The need for additional treatments or coatings to enhance corrosion resistance in aluminum castings increases production costs and complexity. Coupled with the significant energy input required for casting, fluctuating energy prices pose challenges, potentially hindering market growth and profitability.

This global aluminum casting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global aluminum casting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In April 2021, Jaya Hind Industries extends technical partnership with KS Huayu Alutech GmbH (KSATAG) until 2027, expanding scope to include manufacturing automotive parts for Electric Vehicles (EV) and structural parts for chassis from Sunrise Industries
  • In July 2020, RUSAL completes EcoSoderberg technology changeover at Krasnoyarsk Aluminium Smelter (KrAZ), modifying 1954 reduction cells to improve sustainability and efficiency in aluminum production
  • In July 2020, LA ALUMINUM's expansion of its mold storage facility enhances operational efficiency, cutting mold preparation time by 15% in the aluminum casting market, streamlining processes and potentially increasing production capacity
  • In April 2020, Aleris Corporation acquired by Novelis Inc., enhancing its position as a leader in aluminum rolling and recycling, catering to rising consumer demand through innovative products and a strengthened workforce

Global Aluminum Casting Market Scope

The global aluminum casting market is segmented on the basis of process, source, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Process

  • Die Casting
  • Pressure Die Casting
  • Sand Casting
  • Expendable Mold Casting
  • Non-Expendable Mold Casting
  • Permanent Mold Casting

Source

  • Primary
  •  Fresh Aluminum
  • Secondary
  • Recycled Aluminum

 Application

  • Intake Manifolds
  • Oil Pan Housings
  • Structural Parts
  • Chassis Parts
  • Cylinder Heads
  • Engine Blocks
  • Transmissions
  • Wheels and Brakes
  • Heat Transfers
  • Others

 End-User

  • Automotive
  • Building and Construction
  • Industrial
  • Household Appliances
  • Aerospace
  • Electronic and Electrical
  • Engineering Tools
  • Transportation
  • Others

Global Aluminum Casting Market Regional Analysis/Insights

The global aluminum casting market is analysed and market size insights and trends are provided by process, source, application, and end-user as referenced above.

The countries covered in the global aluminum casting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the aluminum casting market, with the U.S. leading the segment. The prevalence of car parts, such as engine blocks and structural components, manufactured primarily through high-pressure die casting, contributes to this dominance.

Asia-Pacific is expected to grow with the highest rate in the aluminum casting market from 2024 to 2031. China leads in the process segment, driven by surging demand for die-cast aluminum products, offering precise dimensions and smooth surfaces for various applications.

Europe dominates the aluminum casting market, with the process segment in Germany leading, particularly in the automobile industry. Permanent mold casting and die casting processes are predominantly utilized in the production of automotive parts in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Aluminum Casting Market Share Analysis

The global aluminum casting market competitive landscape provides details by 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global aluminum casting market.

Some of the major players operating in the global aluminum casting market are:

  • Alcoa Corporation (U.S.)
  • Endurance Technologies Limited (India)
  • Ryobi Limited (Japan)
  • DyCast Specialties Corporation (U.S.)
  • Consolidated Metco, Inc. (U.S.)
  • Alcast Technologies (Canada)
  • Ningbo Beilun Create Mould Machine Co., Ltd (China)
  • Pyrotek (U.S.)
  • Martinrea Honsel Germany GmbH (Germany)
  • GIBBS (U.S.)
  • Dynacast (U.S.)
  • Reliance Foundry Co. Ltd. (Canada)
  • TOYOTA INDUSTRIES CORPORATION (Japan)
  • LA ALUMINUM (U.S.)
  • TPi Arcade, LLC (U.S.)
  • SalesViewer GmbH (Germany)
  • Wagstaff Inc. (U.S.)


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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.

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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.

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FREQUENTLY ASK QUESTIONS

The aluminum casting market size will be worth USD 1,57,086.25 million by 2031.
The growth rate of the aluminum casting market is 7.9% in the forecast period by 2031.
Increasing demand in the automotive industry owing to lightweight properties & advancements in casting technologies to meet market demand are the growth drivers of the aluminum casting market.
Process, source, application, and end-user are the factors on which the aluminum casting market research is based.
Major companies in the aluminum casting market are Alcoa Corporation (U.S.), Endurance Technologies Limited (India), Ryobi Limited (Japan), DyCast Specialties Corporation (U.S.), Consolidated Metco, Inc. (U.S.), Alcast Technologies (Canada), Ningbo Beilun Create Mould Machine Co., Ltd (China), Pyrotek (U.S.), Martinrea Honsel Germany GmbH (Germany), GIBBS (U.S.), Dynacast (U.S.), Reliance Foundry Co. Ltd. (Canada), TOYOTA INDUSTRIES CORPORATION (Japan), LA ALUMINUM (U.S.), TPi Arcade, LLC (U.S.), SalesViewer GmbH (Germany), Wagstaff Inc. (U.S.).
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