Global Aluminum Casting Market, By Process (Die Casting, Sand Casting, Expendable Mold Casting, Permanent Mold Casting, and Non-Expendable Mold Casting), Source (Primary and Secondary, 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, Transportation, and Others) - Industry Trends and Forecast to 2031.
Aluminum Casting Market Analysis and Size
In the aluminum casting market, applications span various industries, including automotive, aerospace, construction, and electronics. Aluminum casting is utilized for manufacturing engine components, structural parts, housings, heat exchangers, and electrical enclosures. Its lightweight, corrosion-resistant, and malleable properties make it a preferred choice for diverse applications across sectors.
Data Bridge Market Research analyses that the global aluminum casting market which was USD 85,500.10 million in 2023, is expected to reach USD 1,57,086.25 million by 2031, growing at a CAGR of 7.9% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Aluminum Casting Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Process (Die Casting, Sand Casting, Expendable Mold Casting, Permanent Mold Casting, and Non-Expendable Mold Casting), Source (Primary and Secondary, 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, Transportation, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Alcoa Corporation (U.S.), Endurance Technologies Limited (India), Ryobi Limited (Japan), DyCast Specialties Corporation (U.S.), Consolidated Metco, Inc. (U.S.), Alcast Technologies (Canada), Ningbo Beilun Create Mould Machine Co., Ltd (China), Pyrotek (U.S.), Martinrea Honsel Germany GmbH (Germany), GIBBS (U.S.), Dynacast (U.S.), Reliance Foundry Co. Ltd. (Canada), TOYOTA INDUSTRIES CORPORATION (Japan), LA ALUMINUM (U.S.), TPi Arcade, LLC (U.S.), SalesViewer GmbH (Germany), Wagstaff Inc. (U.S.)
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Market Opportunities
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Market Definition
Aluminum casting is a manufacturing process where molten aluminum is poured into a mold to create intricate and complex shapes upon solidification. This versatile technique is widely used in industries for producing various components, ranging from automotive parts and aerospace components to household items, owing to aluminum's lightweight and durable properties.
Global Aluminum Casting Market Dynamics
Drivers
- Increasing Demand in Automotive Industry Owing to Lightweight Properties
The automotive industry's demand for aluminum castings is driven by aluminum's lightweight properties, enhancing fuel efficiency and emissions reduction. With the rising popularity of electric vehicles (EVs), there is a heightened need for aluminum castings in crucial components such as battery housings and structural parts, reinforcing the market's growth trajectory.
- Advancements in Casting Technologies to Meet Market Demand
Continual advancements in casting methods such as high-pressure die casting (HPDC) and squeeze casting are bolstering efficiency, waste reduction, and product quality. These technologies optimize production processes, ensuring superior outcomes across industries while addressing sustainability concerns. Embracing such innovations enhances competitiveness and meets evolving market demands for higher-performance aluminum castings.
Opportunities
- Customization and Design Flexibility for Optimal Performance
Aluminum casting offers unparalleled design flexibility, enabling intricate customization to meet the unique requirements of industries such as automotive, aerospace, and consumer goods. This versatility allows manufacturers to produce complex components with precision, ensuring optimal performance and aesthetic appeal across diverse applications.
- Adoption of Aluminum Owing to Focus on Sustainable Practices
The aluminum casting industry benefits from its inherent sustainability, as aluminum is highly recyclable. With a growing emphasis on environmental responsibility, industries increasingly favor aluminum casting for its eco-friendly attributes. This focus on sustainability drives the widespread adoption of aluminum casting across various sectors, contributing to a greener manufacturing landscape.
Restraints/Challenges
- Shortage of Skilled Labor Impeding Production Efficiency
Skilled labor shortages hinder the aluminum casting market by impeding production efficiency and quality. Difficulty in finding experienced workers leads to longer lead times, and potential compromises in product quality, ultimately affecting competitiveness and profitability in an industry reliant on specialized expertise.
- High Cost of Corrosion Resistance Leads to Production Costs
The need for additional treatments or coatings to enhance corrosion resistance in aluminum castings increases production costs and complexity. Coupled with the significant energy input required for casting, fluctuating energy prices pose challenges, potentially hindering market growth and profitability.
This global aluminum casting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global aluminum casting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In April 2021, Jaya Hind Industries extends technical partnership with KS Huayu Alutech GmbH (KSATAG) until 2027, expanding scope to include manufacturing automotive parts for Electric Vehicles (EV) and structural parts for chassis from Sunrise Industries
- In July 2020, RUSAL completes EcoSoderberg technology changeover at Krasnoyarsk Aluminium Smelter (KrAZ), modifying 1954 reduction cells to improve sustainability and efficiency in aluminum production
- In July 2020, LA ALUMINUM's expansion of its mold storage facility enhances operational efficiency, cutting mold preparation time by 15% in the aluminum casting market, streamlining processes and potentially increasing production capacity
- In April 2020, Aleris Corporation acquired by Novelis Inc., enhancing its position as a leader in aluminum rolling and recycling, catering to rising consumer demand through innovative products and a strengthened workforce
Global Aluminum Casting Market Scope
The global aluminum casting market is segmented on the basis of process, source, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Process
- Die Casting
- Pressure Die Casting
- Sand Casting
- Expendable Mold Casting
- Non-Expendable Mold Casting
- Permanent Mold Casting
Source
- Primary
- Fresh Aluminum
- Secondary
- Recycled Aluminum
Application
- Intake Manifolds
- Oil Pan Housings
- Structural Parts
- Chassis Parts
- Cylinder Heads
- Engine Blocks
- Transmissions
- Wheels and Brakes
- Heat Transfers
- Others
End-User
- Automotive
- Building and Construction
- Industrial
- Household Appliances
- Aerospace
- Electronic and Electrical
- Engineering Tools
- Transportation
- Others
Global Aluminum Casting Market Regional Analysis/Insights
The global aluminum casting market is analysed and market size insights and trends are provided by process, source, application, and end-user as referenced above.
The countries covered in the global aluminum casting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the aluminum casting market, with the U.S. leading the segment. The prevalence of car parts, such as engine blocks and structural components, manufactured primarily through high-pressure die casting, contributes to this dominance.
Asia-Pacific is expected to grow with the highest rate in the aluminum casting market from 2024 to 2031. China leads in the process segment, driven by surging demand for die-cast aluminum products, offering precise dimensions and smooth surfaces for various applications.
Europe dominates the aluminum casting market, with the process segment in Germany leading, particularly in the automobile industry. Permanent mold casting and die casting processes are predominantly utilized in the production of automotive parts 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 down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Aluminum Casting Market Share Analysis
The global aluminum casting market competitive landscape provides details by 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, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global aluminum casting market.
Some of the major players operating in the global aluminum casting market are:
- Alcoa Corporation (U.S.)
- Endurance Technologies Limited (India)
- Ryobi Limited (Japan)
- DyCast Specialties Corporation (U.S.)
- Consolidated Metco, Inc. (U.S.)
- Alcast Technologies (Canada)
- Ningbo Beilun Create Mould Machine Co., Ltd (China)
- Pyrotek (U.S.)
- Martinrea Honsel Germany GmbH (Germany)
- GIBBS (U.S.)
- Dynacast (U.S.)
- Reliance Foundry Co. Ltd. (Canada)
- TOYOTA INDUSTRIES CORPORATION (Japan)
- LA ALUMINUM (U.S.)
- TPi Arcade, LLC (U.S.)
- SalesViewer GmbH (Germany)
- Wagstaff Inc. (U.S.)
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