(2023 - 2029) New Energy Vehicles Aluminum Casting Market Insights, Forecast 2029 | Key Players - LTH, Georg Fischer Ltd, Alcoa, Ryobi, Martinrea Honsel

Los Angeles, (United States) - The global automotive industry is experiencing a paradigm shift with the rapid rise of new energy vehicles (NEVs), including electric vehicles (EVs) and hybrid electric vehicles (HEVs). As concerns over environmental sustainability and the need to reduce carbon emissions continue to mount, automakers are increasingly turning to innovative technologies and materials to create more efficient and eco-friendly vehicles. One such material that has gained significant traction in this endeavor is aluminum, particularly in the context of casting components for NEVs. This article explores the burgeoning New Energy Vehicles Aluminum Casting Market, highlighting its key drivers, challenges, and the transformative impact it has on the automotive landscape. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global New Energy Vehicles Aluminum Casting market. We have also focused on SWOT, PESTLE, and Porter's Five Forces analyses of the global New Energy Vehicles Aluminum Casting market.

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New Energy Vehicles (NEVs), encompassing electric vehicles (EVs) and hybrid electric vehicles (HEVs), have gained substantial momentum over the past decade. With growing concerns about air quality, fossil fuel dependency, and climate change, governments around the world have introduced stringent regulations and incentives to promote the adoption of NEVs. These factors, combined with advancements in battery technology, have propelled the NEV market to new heights.

In this transformative era, the role of aluminum casting in vehicle manufacturing cannot be overstated. Aluminum, prized for its lightweight yet durable properties, has become a preferred material for various automotive components. The casting process, which involves pouring molten aluminum into molds to create intricate shapes, provides automakers with an efficient and cost-effective method for producing complex components. This is especially crucial in the production of NEVs, where weight reduction is paramount to extending battery life and enhancing overall efficiency.

The Following Manufacturers Are Covered In This Report:

Nemak
Ryobi
Ahresty
Georg Fischer Ltd
Alcoa
Dynacast International
Gibbs Die Casting
Martinrea Honsel
United Company Rusal
Rockman Industries
Endurance
LTH
China Hongqiao
Guangdong Hongtu
Hongte
Wencan

The report focuses on the major players that are in operation within the market and their competitive landscape present in the market. The report includes an inventory of initiatives taken by the businesses within the past years. The report has mentioned growth parameters in the regional markets along with major players dominating the regional growth such as North America, Europe, China, Japan, Southeast Asia and India.
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report. The report focuses on the operation and their competitive landscape present within the market. Identification of numerous key players of the market will help the reader perceive the ways and collaborations that players will need to understand the competition within the global New Energy Vehicles Aluminum Casting market.

Key Drivers of the NEV Aluminum Casting Market -

Weight Reduction: Aluminum's low density and high strength-to-weight ratio contribute to significant weight reduction in NEVs. Lighter vehicles require less energy to operate, leading to improved range and battery performance.

Energy Efficiency: The casting process allows for intricate designs and streamlined shapes that optimize aerodynamics. This, in turn, enhances the overall energy efficiency of NEVs by reducing drag and improving airflow.

Thermal Management: Aluminum's excellent thermal conductivity makes it an ideal material for components such as battery housings and cooling systems, ensuring proper heat dissipation and prolonged battery life.

Sustainability: Aluminum is highly recyclable, aligning with the eco-friendly ethos of NEVs. The use of recycled aluminum reduces the environmental impact of manufacturing and aligns with circular economy principles.

Challenges and Innovations -

While the NEV Aluminum Casting Market presents numerous opportunities, it also faces certain challenges that require innovative solutions.

Alloy Development: Developing aluminum alloys tailored to the specific needs of NEVs is essential. These alloys must balance lightweight properties with strength and durability, all while maintaining cost-effectiveness.

Joining Technologies: As NEVs become more mainstream, the demand for effective joining technologies for aluminum components increases. Innovations in welding, adhesive bonding, and fastening are crucial to ensuring the structural integrity of vehicles.

Quality Assurance: Ensuring consistent quality in cast aluminum components is vital. Advanced testing and quality control measures, including non-destructive evaluation techniques, are needed to prevent defects and ensure safety.

Cost Considerations: While aluminum casting offers numerous benefits, cost considerations remain a factor. Developing efficient production processes and exploring new manufacturing techniques can help mitigate production costs.

New Energy Vehicles Aluminum Casting Market Segmentation Analyses:

Segment by Type
Die Casting
Permanent Molding Casting
Sand Casting
Other

Segment by Application
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle
Fuel Cell Electric Vehicle (FCEV)
Other

Regional Insights

Asia-Pacific: The Asia-Pacific region dominates the New Energy Vehicles Aluminum Casting market, driven by rapid industrialization in countries like China and India. The region benefits from low-cost labor, favourable government policies, and rising consumer demand.

North America: The North American New Energy Vehicles Aluminum Casting market is characterized by technological advancements, a focus on sustainability, and the presence of key players. The United States leads in chemical production, with a strong emphasis on research and development.

Europe: Europe has a mature New Energy Vehicles Aluminum Casting industry, with a focus on eco-friendly and sustainable practices. The region's stringent regulations drive innovation in green chemistry and bio-based materials.

Latin America and Middle East/Africa: These regions offer significant growth opportunities due to expanding industrial sectors, favorable investment policies, and increasing consumer demand.

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Table of Content

1 New Energy Vehicles Aluminum Casting Market Overview
1.1 Product Definition
1.2 New Energy Vehicles Aluminum Casting Segment by Type
1.2.1 Global New Energy Vehicles Aluminum Casting Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Die Casting
1.2.3 Permanent Molding Casting
1.2.4 Sand Casting
1.2.5 Other
1.3 New Energy Vehicles Aluminum Casting Segment by Application
1.3.1 Global New Energy Vehicles Aluminum Casting Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Battery Electric Vehicle (BEV)
1.3.3 Hybrid Electric Vehicle
1.3.4 Fuel Cell Electric Vehicle (FCEV)
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global New Energy Vehicles Aluminum Casting Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global New Energy Vehicles Aluminum Casting Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global New Energy Vehicles Aluminum Casting Production Estimates and Forecasts (2018-2029)
1.4.4 Global New Energy Vehicles Aluminum Casting Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global New Energy Vehicles Aluminum Casting Production Market Share by Manufacturers (2018-2023)
2.2 Global New Energy Vehicles Aluminum Casting Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of New Energy Vehicles Aluminum Casting, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global New Energy Vehicles Aluminum Casting Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global New Energy Vehicles Aluminum Casting Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of New Energy Vehicles Aluminum Casting, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of New Energy Vehicles Aluminum Casting, Product Offered and Application
2.8 Global Key Manufacturers of New Energy Vehicles Aluminum Casting, Date of Enter into This Industry
2.9 New Energy Vehicles Aluminum Casting Market Competitive Situation and Trends
2.9.1 New Energy Vehicles Aluminum Casting Market Concentration Rate
2.9.2 Global 5 and 10 Largest New Energy Vehicles Aluminum Casting Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 New Energy Vehicles Aluminum Casting Production by Region
3.1 Global New Energy Vehicles Aluminum Casting Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global New Energy Vehicles Aluminum Casting Production Value by Region (2018-2029)
3.2.1 Global New Energy Vehicles Aluminum Casting Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of New Energy Vehicles Aluminum Casting by Region (2024-2029)
3.3 Global New Energy Vehicles Aluminum Casting Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global New Energy Vehicles Aluminum Casting Production by Region (2018-2029)
3.4.1 Global New Energy Vehicles Aluminum Casting Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of New Energy Vehicles Aluminum Casting by Region (2024-2029)
3.5 Global New Energy Vehicles Aluminum Casting Market Price Analysis by Region (2018-2023)
3.6 Global New Energy Vehicles Aluminum Casting Production and Value, Year-over-Year Growth
3.6.1 North America New Energy Vehicles Aluminum Casting Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe New Energy Vehicles Aluminum Casting Production Value Estimates and Forecasts (2018-2029)
3.6.3 China New Energy Vehicles Aluminum Casting Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan New Energy Vehicles Aluminum Casting Production Value Estimates and Forecasts (2018-2029)

4 New Energy Vehicles Aluminum Casting Consumption by Region
4.1 Global New Energy Vehicles Aluminum Casting Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global New Energy Vehicles Aluminum Casting Consumption by Region (2018-2029)
4.2.1 Global New Energy Vehicles Aluminum Casting Consumption by Region (2018-2023)
4.2.2 Global New Energy Vehicles Aluminum Casting Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America New Energy Vehicles Aluminum Casting Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America New Energy Vehicles Aluminum Casting Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe New Energy Vehicles Aluminum Casting Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe New Energy Vehicles Aluminum Casting Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific New Energy Vehicles Aluminum Casting Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific New Energy Vehicles Aluminum Casting Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa New Energy Vehicles Aluminum Casting Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa New Energy Vehicles Aluminum Casting Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey

5 Segment by Type
5.1 Global New Energy Vehicles Aluminum Casting Production by Type (2018-2029)
5.1.1 Global New Energy Vehicles Aluminum Casting Production by Type (2018-2023)
5.1.2 Global New Energy Vehicles Aluminum Casting Production by Type (2024-2029)
5.1.3 Global New Energy Vehicles Aluminum Casting Production Market Share by Type (2018-2029)
5.2 Global New Energy Vehicles Aluminum Casting Production Value by Type (2018-2029)
5.2.1 Global New Energy Vehicles Aluminum Casting Production Value by Type (2018-2023)
5.2.2 Global New Energy Vehicles Aluminum Casting Production Value by Type (2024-2029)
5.2.3 Global New Energy Vehicles Aluminum Casting Production Value Market Share by Type (2018-2029)
5.3 Global New Energy Vehicles Aluminum Casting Price by Type (2018-2029)

6 Segment by Application
6.1 Global New Energy Vehicles Aluminum Casting Production by Application (2018-2029)
6.1.1 Global New Energy Vehicles Aluminum Casting Production by Application (2018-2023)
6.1.2 Global New Energy Vehicles Aluminum Casting Production by Application (2024-2029)
6.1.3 Global New Energy Vehicles Aluminum Casting Production Market Share by Application (2018-2029)
6.2 Global New Energy Vehicles Aluminum Casting Production Value by Application (2018-2029)
6.2.1 Global New Energy Vehicles Aluminum Casting Production Value by Application (2018-2023)
6.2.2 Global New Energy Vehicles Aluminum Casting Production Value by Application (2024-2029)
6.2.3 Global New Energy Vehicles Aluminum Casting Production Value Market Share by Application (2018-2029)
6.3 Global New Energy Vehicles Aluminum Casting Price by Application (2018-2029)

7 Key Companies Profiled
7.1 Nemak
7.1.1 Nemak New Energy Vehicles Aluminum Casting Corporation Information
7.1.2 Nemak New Energy Vehicles Aluminum Casting Product Portfolio
7.1.3 Nemak New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Nemak Main Business and Markets Served
7.1.5 Nemak Recent Developments/Updates
7.2 Ryobi
7.2.1 Ryobi New Energy Vehicles Aluminum Casting Corporation Information
7.2.2 Ryobi New Energy Vehicles Aluminum Casting Product Portfolio
7.2.3 Ryobi New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Ryobi Main Business and Markets Served
7.2.5 Ryobi Recent Developments/Updates
7.3 Ahresty
7.3.1 Ahresty New Energy Vehicles Aluminum Casting Corporation Information
7.3.2 Ahresty New Energy Vehicles Aluminum Casting Product Portfolio
7.3.3 Ahresty New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Ahresty Main Business and Markets Served
7.3.5 Ahresty Recent Developments/Updates
7.4 Georg Fischer Ltd
7.4.1 Georg Fischer Ltd New Energy Vehicles Aluminum Casting Corporation Information
7.4.2 Georg Fischer Ltd New Energy Vehicles Aluminum Casting Product Portfolio
7.4.3 Georg Fischer Ltd New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Georg Fischer Ltd Main Business and Markets Served
7.4.5 Georg Fischer Ltd Recent Developments/Updates
7.5 Alcoa
7.5.1 Alcoa New Energy Vehicles Aluminum Casting Corporation Information
7.5.2 Alcoa New Energy Vehicles Aluminum Casting Product Portfolio
7.5.3 Alcoa New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Alcoa Main Business and Markets Served
7.5.5 Alcoa Recent Developments/Updates
7.6 Dynacast International
7.6.1 Dynacast International New Energy Vehicles Aluminum Casting Corporation Information
7.6.2 Dynacast International New Energy Vehicles Aluminum Casting Product Portfolio
7.6.3 Dynacast International New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Dynacast International Main Business and Markets Served
7.6.5 Dynacast International Recent Developments/Updates
7.7 Gibbs Die Casting
7.7.1 Gibbs Die Casting New Energy Vehicles Aluminum Casting Corporation Information
7.7.2 Gibbs Die Casting New Energy Vehicles Aluminum Casting Product Portfolio
7.7.3 Gibbs Die Casting New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Gibbs Die Casting Main Business and Markets Served
7.7.5 Gibbs Die Casting Recent Developments/Updates
7.8 Martinrea Honsel
7.8.1 Martinrea Honsel New Energy Vehicles Aluminum Casting Corporation Information
7.8.2 Martinrea Honsel New Energy Vehicles Aluminum Casting Product Portfolio
7.8.3 Martinrea Honsel New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Martinrea Honsel Main Business and Markets Served
7.7.5 Martinrea Honsel Recent Developments/Updates
7.9 United Company Rusal
7.9.1 United Company Rusal New Energy Vehicles Aluminum Casting Corporation Information
7.9.2 United Company Rusal New Energy Vehicles Aluminum Casting Product Portfolio
7.9.3 United Company Rusal New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.9.4 United Company Rusal Main Business and Markets Served
7.9.5 United Company Rusal Recent Developments/Updates
7.10 Rockman Industries
7.10.1 Rockman Industries New Energy Vehicles Aluminum Casting Corporation Information
7.10.2 Rockman Industries New Energy Vehicles Aluminum Casting Product Portfolio
7.10.3 Rockman Industries New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Rockman Industries Main Business and Markets Served
7.10.5 Rockman Industries Recent Developments/Updates
7.11 Endurance
7.11.1 Endurance New Energy Vehicles Aluminum Casting Corporation Information
7.11.2 Endurance New Energy Vehicles Aluminum Casting Product Portfolio
7.11.3 Endurance New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Endurance Main Business and Markets Served
7.11.5 Endurance Recent Developments/Updates
7.12 LTH
7.12.1 LTH New Energy Vehicles Aluminum Casting Corporation Information
7.12.2 LTH New Energy Vehicles Aluminum Casting Product Portfolio
7.12.3 LTH New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.12.4 LTH Main Business and Markets Served
7.12.5 LTH Recent Developments/Updates
7.13 China Hongqiao
7.13.1 China Hongqiao New Energy Vehicles Aluminum Casting Corporation Information
7.13.2 China Hongqiao New Energy Vehicles Aluminum Casting Product Portfolio
7.13.3 China Hongqiao New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.13.4 China Hongqiao Main Business and Markets Served
7.13.5 China Hongqiao Recent Developments/Updates
7.14 Guangdong Hongtu
7.14.1 Guangdong Hongtu New Energy Vehicles Aluminum Casting Corporation Information
7.14.2 Guangdong Hongtu New Energy Vehicles Aluminum Casting Product Portfolio
7.14.3 Guangdong Hongtu New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.14.4 Guangdong Hongtu Main Business and Markets Served
7.14.5 Guangdong Hongtu Recent Developments/Updates
7.15 Hongte
7.15.1 Hongte New Energy Vehicles Aluminum Casting Corporation Information
7.15.2 Hongte New Energy Vehicles Aluminum Casting Product Portfolio
7.15.3 Hongte New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.15.4 Hongte Main Business and Markets Served
7.15.5 Hongte Recent Developments/Updates
7.16 Wencan
7.16.1 Wencan New Energy Vehicles Aluminum Casting Corporation Information
7.16.2 Wencan New Energy Vehicles Aluminum Casting Product Portfolio
7.16.3 Wencan New Energy Vehicles Aluminum Casting Production, Value, Price and Gross Margin (2018-2023)
7.16.4 Wencan Main Business and Markets Served
7.16.5 Wencan Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 New Energy Vehicles Aluminum Casting Industry Chain Analysis
8.2 New Energy Vehicles Aluminum Casting Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 New Energy Vehicles Aluminum Casting Production Mode & Process
8.4 New Energy Vehicles Aluminum Casting Sales and Marketing
8.4.1 New Energy Vehicles Aluminum Casting Sales Channels
8.4.2 New Energy Vehicles Aluminum Casting Distributors
8.5 New Energy Vehicles Aluminum Casting Customers

9 New Energy Vehicles Aluminum Casting Market Dynamics
9.1 New Energy Vehicles Aluminum Casting Industry Trends
9.2 New Energy Vehicles Aluminum Casting Market Drivers
9.3 New Energy Vehicles Aluminum Casting Market Challenges
9.4 New Energy Vehicles Aluminum Casting Market Restraints

10 Research Finding and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
What to expect in our report?

(1) A complete section of the New Energy Vehicles Aluminum Casting market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the global New Energy Vehicles Aluminum Casting market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the global New Energy Vehicles Aluminum Casting market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the global New Energy Vehicles Aluminum Casting market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the New Energy Vehicles Aluminum Casting Market report.

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