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Aluminum Casting Market worth $132.06 billion by 2030, growing at a CAGR of 6.67% - Exclusive Report by 360iResearch
Aluminum Casting Market | 360iResearch
The Global Aluminum Casting Market to grow from USD 84.02 billion in 2023 to USD 132.06 billion by 2030, at a CAGR of 6.67%.
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The aluminum casting is created through the casting process, which involves pouring molten aluminum into molds of desired shapes and sizes. The market includes a range of casting methods, such as die casting, permanent mold casting, and sand casting, catering to diverse application requirements across multiple end-use industries. Aluminum casting finds applications in numerous sectors due to its lightweight, corrosion resistance, and high conductivity. Key end-use industries include the automotive sector, where aluminum casting is used in engine blocks, transmission housings, and structural components of vehicles. The push for lightweight materials in the automotive industry for better fuel efficiency and emission reduction drives the demand for aluminum casting. Global increases in infrastructure and construction development activities create a higher demand for aluminum cast products in construction. Fluctuations in the cost of aluminum and stricter environmental regulations hamper the growth of the market. Incorporating sustainable practices and recycling into the production process and rising research into new casting processes that improve efficiency and product quality are expected to create opportunities for the market.
The automotive industry, coupled with the aerospace sector, significantly influences aluminum casting demand in the Americas. The Amercas, with the constant focus on innovation, boast an extensive list of patents pertaining to aluminum casting methods and tooling. South America, with its emphasis on sustainable manufacturing practices, tends to focus on recycling and green initiatives within the aluminum industry. In the European Union, stringent environmental regulations and a high level of technological prowess define the aluminum casting market. The automotive and construction industries are the leading consumers of cast aluminum, and the presence of numerous automotive OEMs in the region drives the demand for high-quality casting. Recent research efforts focus on reducing the weight of vehicles to comply with emission standards, leading to advanced aluminum casting solutions. Conversely, the Middle East and Africa have a diverse market structure due to the varied stages of industrial development across countries. The rapid construction growth in the Gulf Cooperation Council (GCC) countries and the need for infrastructure in parts of Africa create a steady demand for cast aluminum. The Middle East, with its wealth of energy resources, is also looking to diversify its economy through investments in aluminum and other non-oil sectors. The aluminum casting market in the Asia Pacific region is growing with an emphasis on infrastructure, automotive, and electronics industries; the region showcases a high demand for aluminum casting products. In China, government initiatives to reduce carbon footprint have led to innovations in lightweight and energy-efficient aluminum materials. Japan, known for advanced manufacturing techniques, has organizations that are deeply invested in the research and development of aluminum casting processes.
Market Segmentation & Coverage:
This research report categorizes the Aluminum Casting Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Process, market is studied across Die Casting, Permanent Mold Casting, and Sand Casting. The Permanent Mold Casting is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Building & Construction Sector, Engineering Tools, Household Appliances, Industrial Sector, Telecom Sector, and Transportation Sector. The Transportation Sector is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 41.16% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Aluminum Casting Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Aluminum Casting Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Aluminum Casting Market, highlighting leading vendors and their innovative profiles. These include Alcast Technologies, Alcoa Corporation, Arconic, Cast Aluminum Solutions, LLC, Consolidated Metco, Inc., Dynacast, Endurance Technologies Limited, GIBBS, Kaiser Aluminum, Martinrea Honsel Germany GmbH, Nemak, Rio Tinto, Rockman, Ryobi Aluminium Casting UK Ltd., and Walbro LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Aluminum Casting Market, by Process
7. Aluminum Casting Market, by End-Use
8. Americas Aluminum Casting Market
9. Asia-Pacific Aluminum Casting Market
10. Europe, Middle East & Africa Aluminum Casting Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Aluminum Casting Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Aluminum Casting Market?
3. What is the competitive strategic window for opportunities in the Aluminum Casting Market?
4. What are the technology trends and regulatory frameworks in the Aluminum Casting Market?
5. What is the market share of the leading vendors in the Aluminum Casting Market?
6. What modes and strategic moves are considered suitable for entering the Aluminum Casting Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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