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Aluminum Casting Trends and Forecast
The future of the global aluminum casting market looks promising with opportunities in the transportation, industrial, and building & construction markets. The global aluminum casting market is expected to reach an estimated $112.7 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are increasing use of aluminum in automobiles owing to its high strength and lightweight, rising military spending on lightweight weapons, as well as, increase in disposable money, advancements in technology, and the growth of original equipment manufacturers (OEMs).
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aluminum Casting by Segment
The study includes a forecast for the global aluminum casting by process, end use, and region.
Aluminum Casting Market by Process [Shipment Analysis by Value from 2018 to 2030]:
• Die Casting
• Permanent Mold Casting
• Others
Aluminum Casting Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Transportation
• Industrial
• Building & Construction
• Others
Aluminum Casting Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aluminum Casting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aluminum casting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aluminum casting companies profiled in this report include-
• Walbro
• Alcoa
• Consolidated Metco
• BUVO Castings
• RDW Wolf
• Georg Fischer
• Dynacast
• GIBBS
• Ryobi Limited
• Martinrea Honsel
Aluminum Casting Market Insights
Lucintel forecasts that die casting will remain the larger segment over the forecast period because of the growing need in the automotive industry for aluminum casting goods.
APAC will remain the largest region over the forecast period due to swift growth of several uses, including mass transit, heavy machinery, cars, and building, as well as, cheap labor costs and support from government policies, such as 100% FDI permitted for car components under the automated route.
Features of the Global Aluminum Casting Market
Market Size Estimates: Aluminum casting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aluminum casting market size by process, end use, and region in terms of value ($B).
Regional Analysis: Aluminum casting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different process, end use, and regions for the aluminum casting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aluminum casting market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the aluminum casting market size?
Answer: The global aluminum casting market is expected to reach an estimated $112.7 billion by 2030.
Q2. What is the growth forecast for aluminum casting market?
Answer: The global aluminum casting market is expected to grow with a CAGR of 7.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aluminum casting market?
Answer: The major drivers for this market are increasing use of aluminum in automobiles owing to its high strength and lightweight, rising military spending on lightweight weapons, as well as, increase in disposable money, advancements in technology, and the growth of original equipment manufacturers (OEMs).
Q4. What are the major segments for aluminum casting market?
Answer: The future of the global aluminum casting market looks promising with opportunities in the transportation, industrial, and building & construction markets.
Q5. Who are the key aluminum casting market companies?
Answer: Some of the key aluminum casting companies are as follows:
• Walbro
• Alcoa
• Consolidated Metco
• BUVO Castings
• RDW Wolf
• Georg Fischer
• Dynacast
• GIBBS
• Ryobi Limited
• Martinrea Honsel
Q6. Which aluminum casting market segment will be the largest in future?
Answer: Lucintel forecasts that die casting will remain the larger segment over the forecast period because of the growing need in the automotive industry for aluminum casting goods.
Q7. In aluminum casting market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to swift growth of several uses, including mass transit, heavy machinery, cars, and building, as well as, cheap labor costs and support from government policies, such as 100% FDI permitted for car components under the automated route.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aluminum casting market by process (die casting, permanent mold casting, and others), end use (transportation, industrial, building & construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aluminum Casting Market, Aluminum Casting Market Size, Aluminum Casting Market Growth, Aluminum Casting Market Analysis, Aluminum Casting Market Report, Aluminum Casting Market Share, Aluminum Casting Market Trends, Aluminum Casting Market Forecast, Aluminum Casting Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Aluminum Casting Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Aluminum Casting Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Aluminum Casting Market by Process
3.3.1: Die casting
3.3.2: Permanent mold casting
3.3.3: Others
3.4: Global Aluminum Casting Market by End Use
3.4.1: Transportation
3.4.2: Industrial
3.4.3: Building & Construction
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Aluminum Casting Market by Region
4.2: North American Aluminum Casting Market
4.2.2: North American Aluminum Casting Market by End Use: Transportation, Industrial, Building & Construction, and Others
4.3: European Aluminum Casting Market
4.3.1: European Aluminum Casting Market by Process: Die casting, Permanent mold casting, and Others
4.3.2: European Aluminum Casting Market by End Use: Transportation, Industrial, Building & Construction, and Others
4.4: APAC Aluminum Casting Market
4.4.1: APAC Aluminum Casting Market by Process: Die casting, Permanent mold casting, and Others
4.4.2: APAC Aluminum Casting Market by End Use: Transportation, Industrial, Building & Construction, and Others
4.5: ROW Aluminum Casting Market
4.5.1: ROW Aluminum Casting Market by Process: Die casting, Permanent mold casting, and Others
4.5.2: ROW Aluminum Casting Market by End Use: Transportation, Industrial, Building & Construction, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Aluminum Casting Market by Process
6.1.2: Growth Opportunities for the Global Aluminum Casting Market by End Use
6.1.3: Growth Opportunities for the Global Aluminum Casting Market by Region
6.2: Emerging Trends in the Global Aluminum Casting Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Aluminum Casting Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Aluminum Casting Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Walbro
7.2: Alcoa
7.3: Consolidated Metco
7.4: BUVO Castings
7.5: RDW Wolf
7.6: Georg Fischer
7.7: Dynacast
7.8: GIBBS
7.9: Ryobi Limited
7.10: Martinrea Honsel
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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