Europe Aluminum Casting Market, By Process (Expendable Mold Casting and Non-Expendable Mold Casting), Source (Primary (Fresh Aluminum) and Secondary (Recycled Aluminum), Application (Intake Manifolds, Oil Pan Housings, Structural Parts, Chassis Parts, Cylinder Heads, Engine Blocks, Transmissions, Wheels and Brakes, Heat Transfers and Others), End-User (Automotive, Building and Construction, Industrial, Household Appliances, Aerospace, Electronic and Electrical, Engineering Tools and Others) Country (Germany, U.K., Italy, France, Spain, Russia, Switzerland, Belgium, Netherlands, Rest Of Europe), Market Trends and Forecast To 2028.
Market Analysis and Insights: Europe Aluminum Casting Market
Europe aluminum casting market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 8.0% in the forecast period of 2021 to 2028 and is expected to reach USD 26,446.72 million by 2028.
The aluminum casting provides several advantages to the manufacturers as well for the end consumers. The process allows the producers to produce parts faster and higher than any other alloy material. The products which are formed through the casting process are corrosion-resistant, versatile, and can be used for different purposes. Further, it also allows the manufacturers to manufacture various types of products through these aluminum parts.
The lightweight materials accelerate a lighter object in less energy than the heavier one and further help increase the efficiency of the vehicle. With lightweight materials, automobiles can control the emission level and provide a safe and integrated electronic system without increasing the vehicle's weight. Further, it also helps in keeping an all-electric range of plug-in vehicles constant. Thus, we can say that aluminum usage has been increased very rapidly in the automotive industry due to its high tensile strength and lightweight feature. So the casting of aluminum gets increased, which boosts the market in the future.
The availability of alternatives such as magnesium, titanium, among others tends to restrict the demand for aluminum and aluminum casting in the market and thereby act as a major market restraint to the aluminum casting market. The increasing adoption of low-density aluminum alloys in the fuselage of aircraft is considered as a major market driver for the aluminum casting market. The replacement of iron and steel with aluminum in automobiles to reduce CO2 emission and bodyweight of the vehicle could scale up the overall sales and demand of the aluminum casting market and is considered as a major opportunity for the market. However, the high tooling and setting up cost of aluminum casting facilities restricts the market access of new players and could be considered as a significant challenge to the market.
This aluminum casting market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Europe Aluminum Casting Market Scope and Market Size
Europe aluminum casting market is segmented based on process, source, application, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of process, the market is segmented into expendable mold casting and non-expendable mold casting. In 2021, the non-expendable mold casting segment is expected to dominate the European market. In the automobile industry, the parts used are mostly produced from the permanent mold casting and the die casting processes.
- On the basis of source, the market is segmented into primary (fresh aluminum) and secondary (recycled aluminum). In 2021, primary (fresh aluminum) is expected to dominate the European market despite having a large number of the facility for recycling. Almost 60% of all the products get recycled. Still, the adulteration rate gets so high after the recycling process, which reduces the product's strength. Thus the region is looking to produce fresh aluminum instead of recycling aluminum.
- On the basis of application, the market is segmented into intake manifolds, oil pan housings, structural parts, chassis parts, cylinder heads, engine blocks, transmissions, wheels & brakes, heat transfers, and others. In 2021, Wheels & brakes are expected to dominate the market as in Europe, road clearance is very low compared to the North American countries, and it is the reason the demand for wheels and brakes has been increased in the European countries. Therefore different types of wheels are used for different types of vehicles.
- On the basis of end-user, the market is segmented into automotive, building and construction, industrial, household appliances, aerospace, electronics and electrical, engineering tools, and others. In 2021, automotive is expected to dominate the European market as the automobile industry is growing rapidly, which boosts the demand for various vehicles parts made up of aluminum.
Aluminum Casting Market Country Level Analysis
Europe aluminum casting market is segmented based on process, source, application, and end-user.
The countries covered in the Europe aluminum casting market report are Germany, the U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, and the Rest of Europe
Germany is dominating the Europe aluminum casting market due to the great demand for aluminum-made parts in the automotive segment, a major industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of European brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Aluminum Casting industry
Europe Aluminum Casting market also provides you with detailed market analysis for every country's growth in the installed base of different kinds of products for the aluminum casting market, the impact of technology using lifeline curves, and changes in infant formula regulatory scenarios and their impact on the Aluminum Casting market. The data is available for the historical period 2010 to 2019.
Competitive Landscape and Aluminum Casting Market Share Analysis
Europe Aluminum Casting market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the Europe Aluminum Casting market.
The major players covered in the report are Alcoa Corporation, Endurance Technologies Limited, Ryobi Limited, DyCast Specialties Corporation, Consolidated Metco, Inc., Alcast Technologies, Pyrotek, Martinrea Honsel Germany GmbH, GIBBS, Dynacast, Reliance Foundry Co. Ltd., TOYOTA INDUSTRIES CORPORATION, LA ALUMINUM, TPi Arcade, DRAHTWERK ELISENTAL W. Erdmann GmbH & Co., Wagstaff Inc., Modern Aluminum Castings Co., Inc. and Pacific Die Casting Corp., among other players domestic and regional. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In September 2020, Alcoa Corporation announced the expansion of its Sustana line of products with the introduction of EcoSource, the industry’s first low-carbon, smelter-grade alumina brand. This development helps the company to increases the customer base and revenue in the near future
- In January 2019, Endurance Technologies Limited acquired Italy-based aluminum die casting company Fonpresmetal Gap SpA for $9.3 million. This development will help the company with future growth opportunities in the European market
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