Aluminum Die Casting Market Outlook 2023-2028, Business Growth, Industry Share, Size, Competition Analysis, and Forecast

IMARC Group, a leading market research company, has recently releases report titled "Aluminum Die Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global aluminum die casting market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the aluminum die-casting market?

• Market Size in 2022: US$ 26.9 Billion
• Market Forecast in 2028: US$ 35.4 Billion
• Growth rate (2023 to 2028): CAGR of 4.46%
• Base Year of the Analysis: 2022
• Forecast Period: 2023-2028

What are aluminum die casting ?

Aluminum die casting is a manufacturing method that involves the production of metal parts by injecting molten aluminum into a steel mold cavity under high pressure. The aluminum solidifies in the shape of the mold cavity, and the resulting part is removed from the mold once it cools and hardens. It is characterized by an efficient and cost-effective method of producing complex and intricate parts with high dimensional accuracy and surface finish. This process can produce parts with thin walls, intricate geometries, and high strength-to-weight ratios, making it ideal for a wide range of applications in various industries, such as automotive, aerospace, electronics, and telecommunications.

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What are the growth prospects and trends in the aluminum die casting industry?

The global market is primarily driven by the widespread uptake of the aluminum die casting process across the industrial sector. Since aluminum die casting allows for intricate and complex geometries that are difficult or impossible to achieve with other manufacturing processes that enables the production of parts with unique shapes and designs, making it ideal for products in various industries, thus impacting the market on the global level. In addition to this, aluminum die casting provides parts with high strength-to-weight ratios, making it an ideal material for lightweight components, which is particularly important in the automotive and aerospace industries where reducing the weight of vehicles and aircraft can improve fuel efficiency and reduce carbon emissions, which, in turn, is creating a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Process:

• Pressure Die Casting
• Vacuum Die Casting
• Squeeze Die Casting
• Semisolid Die Casting

Breakup by Application:

• Body Parts
• Engine Parts
• Transmission Parts
• Others

Breakup by End Use:

• Transportation
• Industrial
• Building & Construction
• Telecommunication
• Consumer Durables
• Energy
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Alcast Technologies Ltd.
• Alcoa Corporation
• Bodine Aluminum Inc.
• Consolidated Metco Inc
• GF Casting Solutions
• Gibbs Die Casting Corporation
• Martinrea Honsel Germany GmbH
• Rheinmetall Automotive AG
• Ryobi Die Casting Dalian Co., Ltd.
• Shiloh Industries Inc.
• Walbro LLC

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