Product Code: GVR-2-68038-008-8
Aluminum Casting Market Growth & Trends:
The global aluminum casting market size is expected to reach USD 135.20 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.0% from 2022 to 2030. Rising demand for lightweight vehicles is anticipated to propel market growth as the product is used in manufacturing various auto components.
According to the Center for Automotive Research, the global sales of lightweight vehicles are expected to reach nearly 110 million units by 2026. The growth is attributed to stringent regulations on reducing fuel emissions, thus driving the need for lightweight materials such as aluminum. Vehicles made of aluminum offer better acceleration and better braking systems, thereby improving fuel economy.
However, despite steady demand from the automotive sector, the shift toward electrical drive is expected to negatively impact the market. A combustion engine requires 220 cast products and an electrical drive requires only 25 of them. Nonetheless, the growing demand for structural components and sensor casings of a vehicle is likely to continue as the electric engine or motor requires to die casting components to produce battery housings and casings. This, in turn, is anticipated to help keep product demand steady over the coming years.
In Asia Pacific, the market is dominated by China due to numerous economic benefits offered in the country when it comes to green energy. The country is the largest producer of primary aluminum in the world as well as one of the biggest consumers of aluminum globally. China has taken advantage of the availability of high-tech manufacturing facilities as well as a highly-skilled workforce, which is essential for the manufacturing sector.
The growing manufacturing sector in the country is anticipated to augment market growth over the coming years. India is also a major market in the region. The Automotive Mission Plan (AMP) 2006-2016 introduced by the government of India was launched to support the growth of the automotive industry in the country, which, in turn, is likely to drive the demand for aluminum casting over the coming years.
Key product manufacturers include Alcoa Corporation; Dynacast; Aluminum Corporation of China Limited; Gibbs Die Casting Corp.; Bodine Aluminum, Inc.; and Endurance Technologies Limited. These companies are focusing on capacity expansion to meet the growing product demand, majorly from the automotive industry. For instance, in March 2016, Gibbs Die Casting Corp. invested USD 10 million in its Henderson facility in Texas, U.S.
Aluminum Casting Market Report Highlights:
- The permanent mold casting process segment is anticipated to register a lucrative growth rate in terms of volume from 2022 to 2030 owing to the increasing demand for motorsport and recreational vehicles, especially in the U.S.
- The industrial application segment is projected to register a CAGR of 5.4% in terms of revenue over the forecast period owing to the increasing demand for agricultural and construction equipment in emerging economies such as India and Brazil
- Asia Pacific held the largest volume share of over 40.0% in 2021 owing to the presence of a large industrial sector and the growth of the automobile sector in the region
- North America is anticipated to expand at a CAGR of 2.7% in terms of volume over the forecast period owing to the increasing demand for lightweight materials in the automotive industry to reduce fuel emissions
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Aluminum Casting Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global aluminum casting industry outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Opportunities
- 3.5.4. Industry Challenges
- 3.5.5. Impact of COVID-19
- 3.6. Business Environment Analysis
- 3.6.1. Porter's Analysis
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political Landscape
- 3.6.2.2. Economic Landscape
- 3.6.2.3. Social Landscape
- 3.6.2.4. Technological Landscape
- 3.6.2.5. Environmental Landscape
- 3.6.2.6. Legal Landscape
- 3.6.3. Major Deals & Strategic Alliances Analysis
- 3.6.3.1. Joint Ventures
- 3.6.3.2. Mergers & Acquisitions
Chapter 4. Aluminum Casting Market: Process Outlook Estimates & Forecasts
- 4.1. Process Movement Analysis & Market Share, 2021 & 2030
- 4.2. Die casting
- 4.2.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 4.2.2. Pressure die casting
- 4.2.2.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 4.2.3. Others
- 4.2.3.1. Market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
- 4.3. Permanent mold casting
- 4.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 4.4. Others
- 4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
Chapter 5. Aluminum Casting Market: Application Outlook Estimates & Forecasts
- 5.1. Definition & Scope
- 5.2. Aluminum Casting Market: Application Movement Analysis, 2021 & 2030
- 5.3. Transportation
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 5.4. Industrial
- 5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 5.5. Building & construction
- 5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 5.6. Others
- 5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
Chapter 6. Aluminum Casting Market Regional Outlook Estimates & Forecasts
- 6.1. Aluminum Casting Market: Regional Movement Analysis, 2021 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.4.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.5.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.6.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.2.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.5. Italy
- 6.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.7. Russia
- 6.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.7.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.3.7.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.7.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.4.7.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.5.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
- 6.6.4. South Africa
- 6.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
- 6.6.4.2. Market estimates and forecast, by process, 2017 - 2030 (USD Million) (Kilotons)
- 6.6.4.3. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Analysis
- 7.1. Recent developments & impact analysis, By key market participants
- 7.2. Company Categorization (Market leaders, Emerging players, Key innovators)
- 7.3. Vendor Landscape
- 7.3.1. Company market ranking analysis
- 7.3.2. List of key manufacturers & suppliers
- 7.3.3. List of prospective end-users
Chapter 8. Company Profiles
- 8.1. Walbro
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Process Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. Alcoa Corporation
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Process Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Consolidated Metco, Inc.
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Process Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. BUVO Castings
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Process Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. RDW Wolf, GmbH
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Process Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Georg Fischer Ltd.
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Process Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. Dynacast
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Process Benchmarking
- 8.8. GIBBS
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Process Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. Ryobi Limited
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Process Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. Martinrea Honsel Germany GmbH
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Process Benchmarking
- 8.10.4. Strategic Initiatives
- 8.11. Bodine Aluminum
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Process Benchmarking
- 8.12. Alcast Technologies
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Process Benchmarking
- 8.12.4. Strategic Initiatives
- 8.13. Endurance Technologies Limited
- 8.13.1. Company Overview
- 8.13.2. Financial Performance
- 8.13.3. Process Benchmarking
- 8.13.4. Strategic Initiatives
- 8.14. Aluminum Corporation of China Limited
- 8.14.1. Company Overview
- 8.14.2. Financial Performance
- 8.14.3. Process Benchmarking
- 8.14.4. Strategic Initiatives