Aluminum Casting Trends and Forecast
The future of the global aluminum casting market looks promising with opportunities in the transportation, industrial, and building & construction markets. The global aluminum casting market is expected to reach an estimated $112.7 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are increasing use of aluminum in automobiles owing to its high strength and lightweight, rising military spending on lightweight weapons, as well as, increase in disposable money, advancements in technology, and the growth of original equipment manufacturers (OEMs).Aluminum Casting by Segment
The study includes a forecast for the global aluminum casting by process, end use, and region.Aluminum Casting Market by Process [Shipment Analysis by Value from 2018 to 2030]
- Die Casting
- Permanent Mold Casting
- Others
Aluminum Casting Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Transportation
- Industrial
- Building & Construction
- Others
Aluminum Casting Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Aluminum Casting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aluminum casting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aluminum casting companies profiled in this report include-- Walbro
- Alcoa
- Consolidated Metco
- BUVO Castings
- RDW Wolf
- Georg Fischer
- Dynacast
- GIBBS
- Ryobi Limited
- Martinrea Honsel
Aluminum Casting Market Insights
The publisher forecasts that die casting will remain the larger segment over the forecast period because of the growing need in the automotive industry for aluminum casting goods.APAC will remain the largest region over the forecast period due to swift growth of several uses, including mass transit, heavy machinery, cars, and building, as well as, cheap labor costs and support from government policies, such as 100% FDI permitted for car components under the automated route.
Features of the Global Aluminum Casting Market
- Market Size Estimates: Aluminum casting market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Aluminum casting market size by process, end use, and region in terms of value ($B).
- Regional Analysis: Aluminum casting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different process, end use, and regions for the aluminum casting market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aluminum casting market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the aluminum casting market size?Answer: The global aluminum casting market is expected to reach an estimated $112.7 billion by 2030.
Q2. What is the growth forecast for aluminum casting market?
Answer: The global aluminum casting market is expected to grow with a CAGR of 7.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aluminum casting market?
Answer: The major drivers for this market are increasing use of aluminum in automobiles owing to its high strength and lightweight, rising military spending on lightweight weapons, as well as, increase in disposable money, advancements in technology, and the growth of original equipment manufacturers (OEMs).
Q4. What are the major segments for aluminum casting market?
Answer: The future of the global aluminum casting market looks promising with opportunities in the transportation, industrial, and building & construction markets.
Q5. Who are the key aluminum casting market companies?
Answer: Some of the key aluminum casting companies are as follows:
- Walbro
- Alcoa
- Consolidated Metco
- BUVO Castings
- RDW Wolf
- Georg Fischer
- Dynacast
- GIBBS
- Ryobi Limited
- Martinrea Honsel
Answer: The publisher forecasts that die casting will remain the larger segment over the forecast period because of the growing need in the automotive industry for aluminum casting goods.
Q7. In aluminum casting market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to swift growth of several uses, including mass transit, heavy machinery, cars, and building, as well as, cheap labor costs and support from government policies, such as 100% FDI permitted for car components under the automated route.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aluminum casting market by process (die casting, permanent mold casting, and others), end use (transportation, industrial, building & construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Walbro
- Alcoa
- Consolidated Metco
- BUVO Castings
- RDW Wolf
- Georg Fischer
- Dynacast
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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