According to Report, the Aluminum Die Casting market size is expected to reach around US$ 40.60 billion by 2030 and is anticipated to grow at a CAGR of 7.1% during forecast period 2021 to 2030.
Aluminum Die Casting Market (By Production Process: Pressure Die Casting, Others; By Application: Transportation, Industrial, Building & Construction, Telecommunication, Consumer Durables, Energy, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
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|Market Size||USD 40.60 billion by 2030|
|Growth Rate||CAGR of 7.1% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Production Process, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
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.
Increasing usage of aluminum in various applications, such as transportation and telecommunication, is anticipated to boost market growth over the forecast period. A rising preference for high strength and lightweight castings is a prominent driving factor. In the transportation industry, manufacturers must comply with regulations to enhance fuel efficiency and reduce harmful emissions, which is possible by the incorporation of lightweight materials in the production of vehicles.
- Alcast Technologies
- BUVO Castings
- Chongqing CHAL Precision Aluminium Co., Ltd.
- Consolidated Metco, Inc.
- Endurance Technologies Limited
- FAIST Group
- GF Casting Solutions
- MartinreaHonsel Germany GmbH
- Madison-Kipp Corporation
- Ryobi Limited
- Production Process
- Pressure Die Casting
- High Pressure Die Casting
- Low Pressure Die Casting
- Pressure Die Casting
- General Road Transportation
- Sports Road Transportation
- Heavy Vehicles
- Aerospace & Aviation
- Agricultural Equipment
- Construction Equipment
- Building & Construction
- Consumer Durables
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- South Africa
- North America
Aluminum Die 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 Aluminum Die Casting market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Aluminum Die Casting market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Aluminum Die Casting market. These factors have benefited the growth of the global market for Aluminum Die Casting. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Aluminum Die Casting. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
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