Aluminum Die Casting Market Size Worth Around USD 144.74 Bn by 2027

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The global Aluminum Die Casting  market size is expected to be worth around USD 144.74 billion by 2027 from USD 77.24 billion in 2020, growing at a CAGR of  7.2% from 2021 to 2027. Increasing usage of ethyl alcohol as befoul is major factor driving growth of the ethanol market.

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The growth of the telecommunication sector, coupled with the increasing demand for lightweight materials from the automotive and aerospace industries, is expected to propel the market growth in the coming years.

Die casting is a process performed by forcing molten aluminum into a steel die (mold) under pressure. Based on production process, the market is segregated into pressure die casting and other processes. Pressure die casting is further segmented into high and low, where the former constitutes a larger share owing to its higher production rates. On average, European vehicles consist of 80-100 kilograms of high pressure die casting (HPDC) components. Other types of die casting include vacuum and squeeze, which find use in applications, such as solar sensors and turbine blades.

Aluminum die casting components are extensively used in numerous industries, including transportation, industrial, building and construction, telecommunication, consumer durables, and energy. The transportation industry is anticipated to maintain its lead over the forecast period as it is the key consumer of aluminum die casting. Aluminum die-cast parts are used in general road and sports road transportation, heavy vehicles, and aerospace sectors.

Report Scope of the Aluminum Die Casting  Market

Report Scope Details
Market Size USD  144.74 billion  by 2030
Growth Rate CAGR of 7.2% From 2022 to 2030
Base Year 2021
Forecast Period 2022 to 2030
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Production Process, Application, Region Type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned 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

Production Process analysis:

Pressure die casting held the largest revenue share of more than 78.1% in 2021. The large share is attributed to phenomenal characteristics provided by the process including easy filling of cavity, smooth surface finish, tighter dimension tolerance, and strong mechanical properties. The growing preference for pressure die casting is anticipated to propel the market growth, especially in the automotive sector, across the coming years.

Pressure die casting is further segmented into high and low, where the former dominated the market in 2020. The latter’s share is limited owing to the long casting cycle. High pressure die casting (HPDC) is preferred for delivering higher production rates and is thus extensively used in various industries.

Application Analysis

The transportation segment held the largest revenue share of more than 63.9% in 2020. Within the transportation segment, lightweight vehicles are considered to be the key factor behind the growth of aluminum products. The share of die-cast parts is expected to grow by nearly 4.9 kilograms by 2021.

The industrial segment held a significant revenue share in 2020. It comprises agricultural, construction, and mining equipment. The aluminum cast products are used in the components of the aforementioned machinery. The rising infrastructural developments in Asian countries are expected to boost the demand for construction equipment across the forecast period.

North America & Asia Aluminum Die Casting Market Growth & Trends
The North America and Asia aluminum die casting market size is anticipated to reach USD 40.2 billion by 2030, according to a new report by Nova one advisor., expanding at a CAGR of 8.7% from 2022 to 2030. Increasing demand from the transportation industry for lightweight elements is anticipated to propel market growth.

The market growth is propelling owing to the benefits of both aluminum alloy and die casting process. Aluminum is alloyed with copper or silicon in die casting as it is prone to cracking or shrinking at high temperatures. Characteristics of aluminum, such as lightweight and high corrosion resistance, make it applicable in producing components with thin walls and complex shapes and those that will face exposure to electrical or thermal energy. Benefits of die casting include enhanced quality, delivering a long service life, high reliability as there is uniformity of mass-produced parts, quick production, the requirement of minimal maintenance, versatile design, and minimal assembly.

COVID-19 Impact on Aluminum Die Casting  Sales

  • Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Aluminum Die Casting
  • Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
  • Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
  • Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Aluminum Die Casting market 2021 onwards. This trend will however continue through the course of the report’s assessment period

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Recent report on the Aluminum Die Casting  market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Aluminum Die Casting  market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2021 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Aluminum Die Casting  market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Aluminum Die Casting  market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Aluminum Die Casting  market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Aluminum Die Casting  market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Aluminum Die Casting  market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Aluminum Die Casting  market is analyzed at both regional and country levels.

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Aluminum Die Casting  market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Aluminum Die Casting  market include:

  • 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

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

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Aluminum Die Casting  market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Aluminum Die Casting  market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Aluminum Die Casting  market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

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 2021-2027 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.

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, 2022-2030

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, 2022-2030

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.

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