Aluminum Die Casting Market Will Reach US$ 40.60 Bn in 2030

Latest Research Study on “aluminum die casting Market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030”.

global aluminum die casting market was evaluated at USD 26.30 billion in 2020 and is speculated to accrue USD 40.60 billion by 2027, growing at 7.1% CAGR between 2021-2027.

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By Production Process Analysis 

Pressure die casting held the highest revenue share of more than 78.0% in 2020. The large share is attributed to phenomenal characteristics provided by the process including easy filling of cavity, smooth surface finish, tighter dimension tolerance, and strong mechanical properties.

Pressure die casting is further segmented into high and low, where the former dominated the market in 2020. The latter’s share is limited owing to the long casting cycle.

By Application Analysis 

The transportation segment dominated the largest revenue share of more than 64.0% in 2020. Within the transportation segment, lightweight vehicles are considered to be the key factor behind the growth of aluminum products.

The industrial segment held a significant revenue share in 2020. It comprises agricultural, construction, and mining equipment. The aluminum cast products are used in the components of the aforementioned machinery. 

The product demand in the building and construction segment is dominated by the use of aluminum die-cast products in houses, with various applications such as door handles, roofing, curtain walling, and windows. 

By Regional Analysis

Asia Pacific held the market and accounted for over 46.0%share of the global revenue in 2020. The region is characterized by the presence of skilled labor at low cost, which makes it the most lucrative region for manufacturers to set up production facilities.

North America is anticipated to witness steady growth across the forecast period. Emphasis on reaching pre-covid levels and the incorporation of sustainable solutions is anticipated to augment product demand in the region. 

Key Players

  • 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

Market Segmentation

  • Production Process
    • Pressure Die Casting
      • High Pressure Die Casting
      • Low Pressure Die Casting
    • Others
  • Application
    • Transportation
      • General Road Transportation
      • Sports Road Transportation
      • Heavy Vehicles
      • Aerospace & Aviation
    • Industrial
      • Agricultural Equipment
      • Construction Equipment
      • Others
    • Building & Construction
    • Telecommunication
    • Consumer Durables
    • Energy
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Italy
      • Russia
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
    • Middle East & Africa
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.     

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