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Aluminum Casting Market Size, Share Global Analysis Report, 2020–2026
Aluminum Casting Market By Process (Die Casting, Permanent Mold Casting, and Others) and By End-Use (Transportation, Industrial, Building & Construction, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the aluminum casting industry. The report analyzes and declares the historical and current trends analysis of the aluminum casting industry and subsequently recommends the projected trends anticipated to be observed in the aluminum casting market during the upcoming years.
The aluminum casting market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire aluminum casting market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the aluminum casting market is set to grow annually at a rate of around 6.4%
- It was established through primary research that the aluminum casting market was valued at around USD 50.5 billion in 2019
- The Asia Pacific held the largest market share of aluminum casting in terms of revenue in 2019
- The “Die Casting” category, on the basis of process segmentation, was the leading revenue-generating category in 2019 with 52% of market share
- The “Transportation” category, on the basis of end-use segmentation, was the leading revenue-generating in 2019 with 59% of market share
Key Recommendations from Analysts
- As per our analysts, increasing demand for general utility and sports utility vehicles are anticipated to drive the market
- Increasing demand for lightweight vehicles on account of soaring environmental pollution, rising disposable incomes, and changing lifestyle of consumers is anticipated to boost the demand for aluminum casting
- The growth in the transportation segment is also supported by increasing demand for aircraft, as aluminum cast products are used in manufacturing jet or aircraft engines
- The application scope of aluminum casting is widening in agricultural equipment, construction equipment, mining equipment, and other heavy-duty machinery
- Rapidly expanding manufacturing sector in China and India is boosting the aluminum casting market in the Asia Pacific
Aluminum Casting Market Share – By Region
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the aluminum casting industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the aluminum casting industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the aluminum casting market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the aluminum casting industry. The aluminum casting market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the aluminum casting sector. Key strategic developments in the aluminum casting market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the aluminum casting market are appropriately highlighted in the report.
Global sales of lightweight vehicles are projected to hit approximately 110 million units by 2026, according to the Automotive Research Centre. Growth is due to strict fuel emission control rules, increasing the need for lightweight materials such as aluminum. Aluminum-based vehicles provide improved acceleration and braking systems and therefore improve fuel economy.
The aluminum casting market research report delivers an acute valuation and taxonomy of the aluminum casting industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the aluminum casting industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the aluminum casting industry is provided for the leading economies of the world.
The aluminum casting market is segmented based on process and end-use. On the basis of process segmentation, the market is classified die casting, permanent mold casting, and others. In terms of end-use segmentation, the market is bifurcated into transportation, industrial, building & construction, and others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 50.5 billion |
Projected Market Size in 2026 |
USD 77.9 billion |
CAGR Growth Rate |
6.4% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Alcoa Corporation, Dynacast, Ryobi Ltd., Martinrea Honsel Germany GmbH, Alcast Technologies, Endurance Technologies Limited, Aluminum Corporation of China Limited, Bodine Aluminum, Inc., Gibbs Die Casting Corporation, Consolidated Metco, Inc., Walbro and Others. |
Key Segment |
By Process, By End-Use, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the essential players operating in the aluminum casting market, but not restricted to include
- Alcoa Corporation
- Dynacast
- Ryobi Ltd.
- Martinrea Honsel Germany GmbH
- Alcast Technologies
- Endurance Technologies Limited
- Aluminum Corporation of China Limited
- Bodine Aluminum Inc.
- Gibbs Die Casting Corporation
- Consolidated Metco Inc.
- Walbro
- and Others
The taxonomy of the aluminum casting industry by its scope and segmentation is as follows:
By Process Segmentation Analysis (Customizable)
- Die Casting
- Permanent Mold Casting
- Others
By End-Use Segmentation Analysis (Customizable)
- Transportation
- Industrial
- Building & Construction
- Others
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Alcoa Corporation
- Dynacast
- Ryobi Ltd.
- Martinrea Honsel Germany GmbH
- Alcast Technologies
- Endurance Technologies Limited
- Aluminum Corporation of China Limited
- Bodine Aluminum Inc.
- Gibbs Die Casting Corporation
- Consolidated Metco Inc.
- Walbro
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