The global aluminum die casting market size is forecasted to reach from US$ 77.24 billion in 2021 to US$ 144.74 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 7.2% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.
The aluminum die casting market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.
Download Free Sample Copy with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1459
The rising aluminum consumption in different applications such as telecommunication and transportation industries is expected to drive the aluminum die casting market expansion during the forecast period. One major driving force is the growing need for light weight castings.
The manufacturers in the transportation sector must adhere to laws in order to improve fuel efficiency and reduce hazardous emissions, which can be accomplished by using light weight materials in automobile production. The expanding use of aluminum in the building and construction, transportation, and industrial sectors is primarily responsible for the growth of the global aluminum die casting market. The above aforementioned factors are driving the demand for aluminum casting during the forecast period.
Scope of the Aluminum Die Casting Market
| Report Coverage | Details |
| Market Size In 2021 | USD 77.24 Billion |
| Growth Rate From 2021 to 2030 | CAGR of 7.2% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Segments Covered | Production Process, Application, Geography |
Competitive Intelligence
The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.
Some of the prominent players in the global aluminum die casting market are listed as below:
- GF Casting Solutions
- Dynacast Deutschland GmbH
- Consolidated Metco Inc.
- MartinreaHonsel Germany GmbH
- Shiloh Industries Inc.
- Alcoa Corporation
- Alcast Technologies Ltd.
- Gibbs Die Casting Corporation
- Ryobi Die Casting Dalian Co.
- Walbro LLC
Market Dynamics:
Drivers
Replacement of iron and steel with aluminum
Replacing iron and steel automobile parts with aluminum cast items has been considered one of the most viable substitutes. Aluminum’s recycling capabilities provide considerable economic benefits to clients in terms of total return on investment, improved automobile lifespan, and environmental benefits in terms of reduced fuel usage. The aluminum’s replacement of traditional cast iron and steel in the automotive sector is a crucial element in the adoption of light weight components. As a result, the increased use of aluminum instead of iron and steel is driving the growth of the aluminum die casting market during the forecast period.
Restraints
Environmental deterioration
The conversion of raw aluminum to cast aluminum is a high energy process that necessitates a lot of water and electricity. Obtaining the final product from pure aluminum ore necessitates a tremendous amount of electricity. The Sulphur dioxide, carbon dioxide, and other harmful gases are used in the burning and processing of aluminum. As a result, these toxic gases are harmful for the environment. Thus, the environmental deterioration is restricting the growth of the global aluminum die casting market.
Opportunities
Surge in demand in the automobile industry
The aluminum casting has become more popular in industries as the demand for energy efficient and light weight automobiles has increased, leading to the substitution of iron and steel metals by aluminum cast products. The aluminum’s excellent corrosion resistance, attractive look, durability, and light weight have influenced the automobile market to be design oriented. As a result, the surge in demand of aluminum in the automobile industry is creating lucrative opportunities for the growth of the aluminum die casting market during the forecast period.
Challenges
Alternatives for aluminum
Magnesium is one of the most common metals in the earth’s crust, and it is gradually replacing aluminum in the diverse industries as corrosion resistance of magnesium alloys improves and new alloys are developed. As it is lower weight, it is replacing aluminum in the automobile and automotive industries. The magnesium helps reduce weight in various vehicles, which improves fuel efficiency and reduces greenhouse gas emissions. Thus, the alternatives for aluminum are a major challenge for the growth of the global aluminum die casting market.
Report Highlights
- Based on the product pressure, the pressure die casting segment dominated the global aluminum die casting market in 2020 with highest market share. The pressure die casting is a more desired method in every end use sector because of its extensive application in the automotive industry. It allows for huge casting volumes and the capacity to mold dry cast into the appropriate shape while the casting process is still in progress.
- Based on the application, the transportation segment is estimated to be the most opportunistic segment during the forecast period. It is attributed to the automotive industry’s usage of aluminum casting in small and large applications. The emissions restrictions are becoming more rigorous. In addition, there has been a huge increase in demand for automobiles that are more fuel efficient.
Regional Snapshot
Asia-Pacific region accounted largest revenue share over 45% in 2020. The aluminum die casting market is heavily influenced by countries such as India, China, and Japan. The Asia-Pacific region’s market is being driven by a rise in the building and construction industry. In the building and construction industry, aluminum casting is used to create variety of fittings and fixtures.
North America is the fastest growing region in the aluminum die casting market. The U.S. benefits the North America since it is the world’s manufacturing hub and has a significant market share. The increased consumer demand, aviation innovation, and other factors are projected to propel the North America market growth throughout the forecast period.
Segments Covered in the Report
By Production Process
- Pressure Die Casting
- High Pressure Die Casting
- Low Pressure Die Casting
- Others
By Application
- Transportation
- Industrial
- Building & Construction
- Telecommunication
- Consumer Durables
- Energy
- Others
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Why should you invest in this report?
If you are aiming to enter the global aluminum die casting market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for aluminum die casting are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Get Full Access to This Research Report @ https://www.precedenceresearch.com/checkout/14593
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Aluminum Die Casting Market
5.1. COVID-19 Landscape: Aluminum Die Casting Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Aluminum Die Casting Market, By Product
8.1. Aluminum Die Casting Market, by Product Type, 2021-2030
8.1.1. Pressure Die Casting (High Pressure Die Casting, Low Pressure Die Casting)
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Others
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Aluminum Die Casting Market, By Application
9.1. Aluminum Die Casting Market, by Application, 2021-2030
9.1.1. Transportation
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Industrial
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Building & Construction
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Telecommunication
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Consumer Durables
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Energy
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Aluminum Die Casting Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. GF Casting Solutions
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Dynacast Deutschland GmbH
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Consolidated Metco Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. MartinreaHonsel Germany GmbH
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Shiloh Industries Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Alcoa Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Alcast Technologies Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Gibbs Die Casting Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Ryobi Die Casting Dalian Co.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Walbro LLC
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1459
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com