Aluminum Casting Market Size - Growth, Share by 2031
The Aluminum Casting Market is expected to register a CAGR of 7% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by Process (Die Casting, Permanent Mold Casting, Sand Casting). The report further presents analysis based on End Use Industry (Transportation, Building and Construction, Industrial, Others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Aluminum Casting Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Aluminum Casting Market Segmentation
Process- Die Casting
- Permanent Mold Casting
- Sand Casting
- Transportation
- Building and Construction
- Industrial
Strategic Insights
Aluminum Casting Market Growth Drivers- Growing Demand for Lightweight Materials: The need for lightweight components in automotive applications is a key factor for the growth of the aluminum die casting market. This is mainly due to the availability of aluminum castings which improves fuel efficiency and performance and thus is a crucial aspect of modern automotive manufacturing in particular to the engine and transmission components.
- Growing Demand from the Aerospace Industry: Reduction of weight and the need to manufacture components that improve fuel efficiency in addition to aluminum castings help promote the aluminum castings market growth. The aluminum casting is critical in the aircraft manufacturing sector component due to its strength to weight ratio which also propels the growth of this particular segment.
- Increasing Demand in the Construction Industry: The rise in the level of construction activities around the world especially for infrastructure development projects is enhancing the uptake of aluminum casting. This is because of the resistance of the material to corrosion and its long lasting quality which makes it ideal for use in structures thereby widening its market.
- Expansion in the Automotive Sector: Electric vehicles are expected to create increased demand for aluminium die castings as car manufacturers will look for lightweight parts designed to enhance performance. Therefore, this development will necessitate the development and adoption of casting technologies designed specifically for electric vehicles.
- Advancements in Manufacturing Process: The introduction of new manufacturing techniques that involves the use of computers as in the case of 3d modelling as well as developing quick forms through 3d prototyping will revolutionalise the aluminium die casting industry. Such technology will make it possible to design complex structures, coupled with a shorter manufacturing time, hence improving the market.
- Developments in Aluminum Casings: There will also be further developments in the use of aluminium castings in automotive parts manufacturers as a result of the global automotive lightweighting trend. Such engineered policies will help to realize fuel efficiencies in vehicles, thereby escalating the use of aluminum castings in vehicles.
- Growing Demand for Fuel Efficiency: As the need for better fuel efficiency in automobiles is making the automobile manufacturers and other players to embrace lightweight materials, the aluminum casing especially for the engine parts and structural components has expanded and grown enormously.
- Increased Production of Electric Vehicles: The upsurge in production of electric vehicles has led to the risen demand for aluminum cast components that are lighter in weight and efficient in performance creating new avenues in the market.
- Product Innovation: Use of innovative methods for aluminum casting for instance 3D printing and precision casting is improving the quality of the products and minimize wastage of the raw materials which will facilitate growth of the market in the future.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aluminum Casting Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Aluminum Casting Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Aluminum Casting Market is estimated to witness a CAGR of 7% from 2023 to 2031
Rising demand for lightweight components from automotive industry is driving the market growth
Nemak S.A.B. de C.V.; Ryobi Limited; Alcoa Corporation; Pace Industries; Loramendi S.C.; Martinrea International Inc.; Die Casting Technologies, Inc.; Gibbs Die Casting Corporation; North American Die Casting Association (NADCA); Castrol Limited; Kinetic Die Casting; Aluminium Products Company; Tennessee Aluminum Processors; Alumold; Zinc Die Casting
Based on process, the die casting segment is expected to witness the fastest growth during the forecast period
Based on geography, North America held the largest share of the aluminum casting market due to the well-established automotive industry across the region, coupled with continuous growth and development
Increase in demand for electric vehicles (EVs) is expected to be the key market trends
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aluminum Casting Market - By Process
1.3.2 Aluminum Casting Market - By End Use Industry
1.3.3 Aluminum Casting Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ALUMINUM CASTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ALUMINUM CASTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ALUMINUM CASTING MARKET - GLOBAL MARKET ANALYSIS
6.1. ALUMINUM CASTING - GLOBAL MARKET OVERVIEW
6.2. ALUMINUM CASTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ALUMINUM CASTING MARKET - REVENUE AND FORECASTS TO 2028 - PROCESS
7.1. OVERVIEW
7.2. PROCESS MARKET FORECASTS AND ANALYSIS
7.3. DIE CASTING
7.3.1. Overview
7.3.2. Die Casting Market Forecast and Analysis
7.4. PERMANENT MOLD CASTING
7.4.1. Overview
7.4.2. Permanent Mold Casting Market Forecast and Analysis
7.5. SAND CASTING
7.5.1. Overview
7.5.2. Sand Casting Market Forecast and Analysis
8. ALUMINUM CASTING MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. TRANSPORTATION
8.3.1. Overview
8.3.2. Transportation Market Forecast and Analysis
8.4. BUILDING AND CONSTRUCTION
8.4.1. Overview
8.4.2. Building and Construction Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ALUMINUM CASTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aluminum Casting Market Overview
9.1.2 North America Aluminum Casting Market Forecasts and Analysis
9.1.3 North America Aluminum Casting Market Forecasts and Analysis - By Process
9.1.4 North America Aluminum Casting Market Forecasts and Analysis - By End Use Industry
9.1.5 North America Aluminum Casting Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aluminum Casting Market
9.1.5.1.1 United States Aluminum Casting Market by Process
9.1.5.1.2 United States Aluminum Casting Market by End Use Industry
9.1.5.2 Canada Aluminum Casting Market
9.1.5.2.1 Canada Aluminum Casting Market by Process
9.1.5.2.2 Canada Aluminum Casting Market by End Use Industry
9.1.5.3 Mexico Aluminum Casting Market
9.1.5.3.1 Mexico Aluminum Casting Market by Process
9.1.5.3.2 Mexico Aluminum Casting Market by End Use Industry
9.2. EUROPE
9.2.1 Europe Aluminum Casting Market Overview
9.2.2 Europe Aluminum Casting Market Forecasts and Analysis
9.2.3 Europe Aluminum Casting Market Forecasts and Analysis - By Process
9.2.4 Europe Aluminum Casting Market Forecasts and Analysis - By End Use Industry
9.2.5 Europe Aluminum Casting Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aluminum Casting Market
9.2.5.1.1 Germany Aluminum Casting Market by Process
9.2.5.1.2 Germany Aluminum Casting Market by End Use Industry
9.2.5.2 France Aluminum Casting Market
9.2.5.2.1 France Aluminum Casting Market by Process
9.2.5.2.2 France Aluminum Casting Market by End Use Industry
9.2.5.3 Italy Aluminum Casting Market
9.2.5.3.1 Italy Aluminum Casting Market by Process
9.2.5.3.2 Italy Aluminum Casting Market by End Use Industry
9.2.5.4 United Kingdom Aluminum Casting Market
9.2.5.4.1 United Kingdom Aluminum Casting Market by Process
9.2.5.4.2 United Kingdom Aluminum Casting Market by End Use Industry
9.2.5.5 Russia Aluminum Casting Market
9.2.5.5.1 Russia Aluminum Casting Market by Process
9.2.5.5.2 Russia Aluminum Casting Market by End Use Industry
9.2.5.6 Rest of Europe Aluminum Casting Market
9.2.5.6.1 Rest of Europe Aluminum Casting Market by Process
9.2.5.6.2 Rest of Europe Aluminum Casting Market by End Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aluminum Casting Market Overview
9.3.2 Asia-Pacific Aluminum Casting Market Forecasts and Analysis
9.3.3 Asia-Pacific Aluminum Casting Market Forecasts and Analysis - By Process
9.3.4 Asia-Pacific Aluminum Casting Market Forecasts and Analysis - By End Use Industry
9.3.5 Asia-Pacific Aluminum Casting Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aluminum Casting Market
9.3.5.1.1 Australia Aluminum Casting Market by Process
9.3.5.1.2 Australia Aluminum Casting Market by End Use Industry
9.3.5.2 China Aluminum Casting Market
9.3.5.2.1 China Aluminum Casting Market by Process
9.3.5.2.2 China Aluminum Casting Market by End Use Industry
9.3.5.3 India Aluminum Casting Market
9.3.5.3.1 India Aluminum Casting Market by Process
9.3.5.3.2 India Aluminum Casting Market by End Use Industry
9.3.5.4 Japan Aluminum Casting Market
9.3.5.4.1 Japan Aluminum Casting Market by Process
9.3.5.4.2 Japan Aluminum Casting Market by End Use Industry
9.3.5.5 South Korea Aluminum Casting Market
9.3.5.5.1 South Korea Aluminum Casting Market by Process
9.3.5.5.2 South Korea Aluminum Casting Market by End Use Industry
9.3.5.6 Rest of Asia-Pacific Aluminum Casting Market
9.3.5.6.1 Rest of Asia-Pacific Aluminum Casting Market by Process
9.3.5.6.2 Rest of Asia-Pacific Aluminum Casting Market by End Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aluminum Casting Market Overview
9.4.2 Middle East and Africa Aluminum Casting Market Forecasts and Analysis
9.4.3 Middle East and Africa Aluminum Casting Market Forecasts and Analysis - By Process
9.4.4 Middle East and Africa Aluminum Casting Market Forecasts and Analysis - By End Use Industry
9.4.5 Middle East and Africa Aluminum Casting Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aluminum Casting Market
9.4.5.1.1 South Africa Aluminum Casting Market by Process
9.4.5.1.2 South Africa Aluminum Casting Market by End Use Industry
9.4.5.2 Saudi Arabia Aluminum Casting Market
9.4.5.2.1 Saudi Arabia Aluminum Casting Market by Process
9.4.5.2.2 Saudi Arabia Aluminum Casting Market by End Use Industry
9.4.5.3 U.A.E Aluminum Casting Market
9.4.5.3.1 U.A.E Aluminum Casting Market by Process
9.4.5.3.2 U.A.E Aluminum Casting Market by End Use Industry
9.4.5.4 Rest of Middle East and Africa Aluminum Casting Market
9.4.5.4.1 Rest of Middle East and Africa Aluminum Casting Market by Process
9.4.5.4.2 Rest of Middle East and Africa Aluminum Casting Market by End Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aluminum Casting Market Overview
9.5.2 South and Central America Aluminum Casting Market Forecasts and Analysis
9.5.3 South and Central America Aluminum Casting Market Forecasts and Analysis - By Process
9.5.4 South and Central America Aluminum Casting Market Forecasts and Analysis - By End Use Industry
9.5.5 South and Central America Aluminum Casting Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aluminum Casting Market
9.5.5.1.1 Brazil Aluminum Casting Market by Process
9.5.5.1.2 Brazil Aluminum Casting Market by End Use Industry
9.5.5.2 Argentina Aluminum Casting Market
9.5.5.2.1 Argentina Aluminum Casting Market by Process
9.5.5.2.2 Argentina Aluminum Casting Market by End Use Industry
9.5.5.3 Rest of South and Central America Aluminum Casting Market
9.5.5.3.1 Rest of South and Central America Aluminum Casting Market by Process
9.5.5.3.2 Rest of South and Central America Aluminum Casting Market by End Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ALUMINUM CASTING MARKET, KEY COMPANY PROFILES
11.1. ALCOA CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DYNACAST
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. WALBRO
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ALCAST TECHNOLOGIES LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ALUMINUM CORPORATION OF CHINA LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GIBBS DIE CASTING CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RYOBI LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KAISER ALUMINUM
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MARTINREA HONSEL GERMANY GMBH
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BODINE ALUMINUM, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Alcoa Corporation
2. Dynacast
3. Walbro
4. Alcast Technologies Ltd.
5. Aluminum Corporation of China Limited
6. Gibbs Die Casting Corporation
7. Ryobi Ltd.
8. Kaiser Aluminum
9. Martinrea Honsel Germany GmbH
10. Bodine Aluminum, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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