Aluminum Casting Market Report: Trends, Forecast and Competitive Analysis to 2030

Aluminum Casting Trends and Forecast

The future of the global aluminum casting market looks promising with opportunities in the transportation, industrial, and building & construction markets. The global aluminum casting market is expected to reach an estimated $112.7 billion by 2030 with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are increasing use of aluminum in automobiles owing to its high strength and lightweight, rising military spending on lightweight weapons, as well as, increase in disposable money, advancements in technology, and the growth of original equipment manufacturers (OEMs).

A more than 150-page report is developed to help in your business decisions.

Aluminum Casting by Segment

The study includes a forecast for the global aluminum casting by process, end use, and region.

Aluminum Casting Market by Process [Shipment Analysis by Value from 2018 to 2030]:

• Die Casting
• Permanent Mold Casting
• Others

Aluminum Casting Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Transportation
• Industrial
• Building & Construction
• Others

Aluminum Casting Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Aluminum Casting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aluminum casting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aluminum casting companies profiled in this report include-

• Walbro
• Alcoa
• Consolidated Metco
• BUVO Castings
• RDW Wolf
• Georg Fischer
• Dynacast
• GIBBS
• Ryobi Limited
• Martinrea Honsel

Aluminum Casting Market Insights

Lucintel forecasts that die casting will remain the larger segment over the forecast period because of the growing need in the automotive industry for aluminum casting goods.

APAC will remain the largest region over the forecast period due to swift growth of several uses, including mass transit, heavy machinery, cars, and building, as well as, cheap labor costs and support from government policies, such as 100% FDI permitted for car components under the automated route.

Features of the Global Aluminum Casting Market

Market Size Estimates: Aluminum casting market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Aluminum casting market size by process, end use, and region in terms of value ($B).

Regional Analysis: Aluminum casting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different process, end use, and regions for the aluminum casting market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aluminum casting market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the aluminum casting market size?

Answer: The global aluminum casting market is expected to reach an estimated $112.7 billion by 2030.

Q2. What is the growth forecast for aluminum casting market?

Answer: The global aluminum casting market is expected to grow with a CAGR of 7.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the aluminum casting market?

Answer: The major drivers for this market are increasing use of aluminum in automobiles owing to its high strength and lightweight, rising military spending on lightweight weapons, as well as, increase in disposable money, advancements in technology, and the growth of original equipment manufacturers (OEMs).

Q4. What are the major segments for aluminum casting market?

Answer: The future of the global aluminum casting market looks promising with opportunities in the transportation, industrial, and building & construction markets.

Q5. Who are the key aluminum casting market companies?

Answer: Some of the key aluminum casting companies are as follows.

• Walbro
• Alcoa
• Consolidated Metco
• BUVO Castings
• RDW Wolf
• Georg Fischer
• Dynacast
• GIBBS
• Ryobi Limited
• Martinrea Honsel

Q6. Which aluminum casting market segment will be the largest in future?

Answer: Lucintel forecasts that die casting will remain the larger segment over the forecast period because of the growing need in the automotive industry for aluminum casting goods.

Q7. In aluminum casting market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to swift growth of several uses, including mass transit, heavy machinery, cars, and building, as well as, cheap labor costs and support from government policies, such as 100% FDI permitted for car components under the automated route.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the aluminum casting market by process (die casting, permanent mold casting, and others), end use (transportation, industrial, building & construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?