Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Aluminum Casting Market Size is Expected to Grow from USD 96.24 Billion in 2023 to USD 154.94 Billion by 2033, at a CAGR of 4.88% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Aluminum Casting Market Size, Share, and COVID-19 Impact Analysis, By Process (Die Casting and Permanent Mold Casting), By End Use (Transportation, Industrial, and Building & Construction), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Aluminum Casting is the process that shapes aluminum into desired forms through various techniques, including casting with sand, die casting, or permanent mold casting. Aluminium casting is widely used within industries such as automotive and aerospace, construction, and consumer goods, because of its weightlessness, corrosion resistance, and excellent ratio of strength to weight. The process of aluminum casting involves producing complex shapes and parts that are necessary for their applications at high-performance levels. The growing demand for the aluminum component in sectors, such as automotive and electronics that require high performance and longer durability, is expected to continue driving the growth of this market. Moreover, in the development of green products, aluminum casting has contributed due to its ability to recycle aluminum and hence the reduction of material wastes. Furthermore, one of the key drivers for this demand is the rising need for lightweight materials in the automotive and aerospace industries. The goal of these industries is to achieve improved fuel efficiency and performance. The growing interest in electric vehicles (EVs) also boosts the demand for aluminum components because battery casings and structural parts require them. However, the market is posed with challenges such as its high energy consumption and expensive investment in casting equipment, a factor that may limit growth- especially for smaller manufacturers. Second, fluctuations in raw materials prices and environmental concerns about producing aluminum may limit the growth in the market.
The die-casting segment is predicted to hold the greatest market share through the forecast period.
Based on the process, the aluminum casting market is classified into die casting and permanent mold casting. Among these, the die-casting segment is predicted to hold the greatest market share through the forecast period. This is attributed to the die casting is widely applied in the manufacturing of aluminum components with high precision, complexity, and volume in the automotive, electronics, and consumer goods industries. Among the advantages of this process are producing parts with tight tolerances, excellent surface finishes, and minimal requirements for post-processing.
The transportation segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the end use, the aluminum casting market is divided into transportation, industrial, and building & construction. Among these, the transportation segment is anticipated to hold the greatest market share during the projected timeframe. This is primarily driven by the increasing demand for lightweight and fuel-efficient parts within the automotive and aerospace industries. Aluminum casting has become important in the creation of numerous engine components, structural parts, and transmission housings necessary to optimize vehicle performance and efficiency.
Asia-Pacific is estimated to hold the largest share of the aluminum casting market over the forecast period.
Asia-Pacific is estimated to hold the largest share of the aluminum casting market over the forecast period. This is largely because of its robust manufacturing base, including countries such as China, India, and Japan, which have become significant component producers in the aluminum metal industry in various sectors and industries, including automobile, aerospace, and construction.
Middle East and Africa are predicted to have the fastest CAGR growth in the Aluminum Casting market over the forecast period. Such growth is driven by increasing demands for aluminum parts in the automotive, aerospace, and construction industries due to ongoing industrialization and infrastructural developments in many countries within the MEA.
Competitive Analysis
Major key players in the aluminum casting market are Walbro, Alcoa Corporation, Consolidated Metco, Inc., BUVO Castings, RDW Wolf, GmbH, Georg Fischer Ltd., Dynacast, Ryobi Limited, GIBBS, and Martinrea Honsel Germany GmbH.
Key Target Audience
Recent Development
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the aluminum casting market based on the below-mentioned segments:
Global Aluminum Casting Market, By Process
Global Aluminum Casting Market, By End Use
Global Aluminum Casting Market, By Regional Analysis
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