Aluminum Casting Market Updates by 2031
MARKET OVERVIEW
Aluminum casting is a type of metalworking process that involves pouring liquid metal into a mold or form. Aluminum is heated so as to change over it into the fluid-structure and afterward filled molds. It is essential for the mold to be in the precise shape and well finished as it directly affects completed aluminum casting. Aluminum castings are used to make complex and detailed parts very efficiently. The three most important methods are die casting, permanent mold casting and sand casting.
MARKET SCOPE
The "Global Aluminum Casting Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aluminum casting market with detailed market segmentation by process, end use industry, and geography. The report provides key statistics on the market status of the leading aluminum casting market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on process, the global aluminum casting market is segmented into die casting, permanent mold casting, and sand casting.
- Based on end use industry, the global aluminum casting market is segmented into transportation, building and construction, industrial, and others.
MARKET DYNAMICS
Drivers:
- Expanding interest for buyer machines, high interests in mining, construction, and electronics, extension in ventures, and rising economies.
- The rise in military spending in the country, coupled with rising investments in automation and robotics.
Restraints:
- A steep decline in raw material prices, unemployment, minimal production, and disruptions in transport impacted the manufacturing of aluminum die castings.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aluminum casting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aluminum casting market in these regions.
IMPACT OF COVID-19 ON ALUMINUM CASTING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemicals and materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aluminum casting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aluminum casting market in these regions.
IMPACT OF COVID-19 ON ALUMINUM CASTING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemicals and materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the aluminum casting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from aluminum casting market are anticipated to witness lucrative growth opportunities in the future with the rising demand for aluminum casting in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aluminum casting market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alcoa Corporation
- Dynacast
- Walbro
- Alcast Technologies Ltd.
- Aluminum Corporation of China Limited
- Gibbs Die Casting Corporation
- Ryobi Ltd.
- Kaiser Aluminum
- Martinrea Honsel Germany GmbH
- Bodine Aluminum, Inc.
- Nemak S.A.B. de C.V.
- Arconic Inc.
- China Hongqiao Group Limited
- United Company Rusal
- Rio Tinto
- Honsel Germany GmbH
- Endurance Technologies Limited
- Consolidated Metco Inc.
- Reliance Foundry Co. Ltd.
- Wagstaff Inc
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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
This text is related
to country scope.
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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