Aluminum Die Casting Market Report

Market Insights

"The global aluminum die casting market size was estimated at USD 69.8 billion in 2021 and is likely to grow at a CAGR of 5.44% during 2022-2028 to reach USD 101.48 billion by 2028."

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Aluminum Die Casting is a process that is used to produce smooth and textured-surfaced metal parts. This manufacturing process, which is a metal casting process for the creation of complex aluminum parts, is accomplished by forcing molten metals into a mold form due to high-pressure systems.

Market Dynamics

Market Drivers

These factors are expected to boost the demand for the market in the coming year:

• Growing demand for aluminum in various applications.
• Increasing preference for high-strength and lightweight castings, especially in the automotive industry for fuel efficiency.
• The replacement of iron and steel with aluminum and the growing automobile industry.

Segments Analysis

Production Process Trends

"The pressure die casting segment accounted for the largest market share."

The market is segmented as pressure die casting and others. The pressure die casting process type held more than 76.2% market share in 2021 and is expected to hold the major share of the market during the assessment period. The growth of the segment is owing to the characteristics offered by pressure die casting process such as smooth surface finish, higher dimension tolerance, along with excellent mechanical properties.

Application Trends

"The transportation segment accounted for the largest market share."

The market is segmented as transportation, industrial, building & construction, telecommunication, consumer durables, energy, and others. The transportation segment held more than 62.8% market share in 2021 and is expected to register the highest growth in the market over the assessment period due to the growing demand for lightweight vehicles with high fuel efficiency.

Regional Insights

"Asia-Pacific accounted for the largest market share."

The market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. Among these regions, Asia-Pacific held more than 50.2% market share in 2021 and is expected to be dominant during the assessment period due to growing industrialization, progress in manufacturing activities, and surge in the demand for automobiles. North America and Europe are also expected to offer substantial growth opportunities over the assessment period.

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Key Players

The following are the key players in the aluminum die casting market (arranged alphabetically).

• Alcast Technologies
• Alcoa Corporation
• Aluminum Corporation of China Ltd.
• Consolidated Metco, Inc.
• Dynacast
• George Fischer Ltd.
• Madison-Kipp Corporation.
• Martinrea Honsel Germany GmbH
• Ryobi Ltd.
• Shiloh Industries.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The market is segmented into the following categories.

By Production Process Type

• Pressure Die Casting
  • High Pressure Die Casting and Low Pressure Die Casting
• Others

By Application Type

• Transportation
  • General Road Transportation, Sports Road Transportation, Heavy Vehicles, and Aerospace & Aviation
• Industrial
  • Agricultural Equipment, Construction Equipment, and Others
• Building & Construction
• Telecommunication
• Consumer Durables
• Energy
• Others

By Chamber Process Type

• Hot Chamber Aluminum Die Casting
• Cold Chamber Aluminum Die Casting

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aluminum die casting market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].