The global aluminum die casting market size is expected to be worth around US$ 40.60 billion by 2030, according to a new report by Vision Research Reports.
The global aluminum die casting market size was valued at US$ 26.30 billion in 2020 and is anticipated to grow at a CAGR of 7.1% during forecast period 2021 to 2030.
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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
|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|
|Companies Mentioned||Alcast Technologies; BUVO Castings; Chongqing CHAL Precision Aluminium Co., Ltd.; Consolidated Metco, Inc.; Endurance Technologies Limited; FAIST Group; GF Casting Solutions; GIBBS; MartinreaHonsel Germany GmbH; Madison-Kipp Corporation; Ryobi Limited|
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.
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. The growing preference for pressure die casting is anticipated to propel the market growth, especially in the automotive sector, across the coming years.
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. High pressure die casting (HPDC) is preferred for delivering higher production rates and is thus extensively used in various industries.
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 share of die-cast parts is expected to grow by nearly 4.9 kilograms by 2021.
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. Moreover, a shift in the global production landscape toward South Asian countries is expected to positively influence the market growth over the forecast period.
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.
- 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
The Aluminum Die Casting market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Aluminum Die Casting market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Aluminum Die Casting market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Aluminum Die Casting market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Aluminum Die Casting market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Aluminum Die Casting capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Aluminum Die Casting by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Aluminum Die Casting market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Aluminum Die Casting market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Aluminum Die Casting market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Aluminum Die Casting industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
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).
In this study, the years considered to estimate the market size of Aluminum Die Casting are as follows:
- History Year: 2017-2020
- Base Year: 2021
- Forecast Year 2021 to 2030
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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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