Aluminum Die Casting Market: Global Industry Analysis and Forecast (2024-2030)

Aluminum Die Casting Market was at 27.50 Billion in 2023. The Building & Construction is one of the segments reviewed in the MMR report dominating the global Aluminum Die Casting market.
Aluminum Die Casting Market Overview:
Rising use of aluminum in different end-use sector, like transportation & telecommunication, is expected to boost market development during the forecast period. An increasing preference for high strength & lightweight castings is a projecting pouring factor. In the transportation sector, companies must fulfil with rules to improve fuel efficiency & reduce harmful emissions, which is possible by the combination of lightweight supplies in the manufacturing of vehicles.To know about the Research Methodology:- Request Free Sample Report

The United States is a key manufacturer & customer of aluminum die casting. The rising development curve of the United States market was strictly impacted in the year 2023 as the product demand reduced radically on account of the appearance of the COVID-19 epidemic, which headed to a fall in both manufacturing & consumption actions. However, during Covid period, the acquisition events improved significantly wherein worldwide companies targeted regional companies.

For example, in March 2022, Martinrea International Inc., which is involved in the plan, development, & production of propulsion systems & lightweight constructions, pronounced that it has acquired the operational components business segment of Metalsa S.A. de C.V. This deal has caused in the adding of 6 plants with facilities in the United States, Mexico, Germany, South Africa, & 2 in China. The planned initiative is expected to push the development of Martinrea International Inc., thus expanding its product portfolio & client base.

However, produce demand is projected to steady during the forecast period. The increase in military spending in the nation, joined with increasing investments in automation & robotics, is expected to show fruitful for the market development. The United States has been ranking 1st in terms of military expenditure in the world over the last few years. The use of moldings in military aircraft & other device is expected to augment owing to the increasing spending in the military segment.

The development of the B&C sector is another development driver for Aluminum Die Casting market. For example, construction expenditure in the United States improved by 1.7 percent from the year Dec 2021 to January 2022. This is an optimistic symbol for the market. Aluminum die castings find use in windows & prefabricated buildings, among others, in the construction segment. The market development fell in the year 2021 & is expected to remain slow in the year 2022 as well due to the pandemic outburst. A sharp decline in raw material values, unemployment, negligible manufacturing, & disruptions in transport jammed the production of aluminum die castings. For instance, primary aluminum values peaked at $ 1,810 / ton on January 21, 2021 & fell to $1,421.5/ton on April 8, 2021.
COVID-19 Impact:
The COVID-19 epidemic has meaningfully impacted the aluminum sector globally, & it is difficult to determine the extent & harshness of the impression in the long term. The outburst of the Covid 19 disease caused in the shutdown of about 198,000 lively dental hospitals & hospitals in the United States. Aluminum sector was unfavorably impacted owing to the slump which triumphed after the outburst of the pandemic. The surprising fall & indecision in the values of aluminum before & after the COVID-19 epidemic has made 60 percent of smelters global experience losses.

The prolonged disturbance & affected supply chain will endure to have an influence on the aluminum sector during the forecast period. The rising end-users & companies of Europe & North America had to shut down the processes. As a consequence demand reduction of about 4.7 MMT. China, the hub of manufacturing for the world, was unfavorably impacted as it was the center for the epidemic outbreak. The manufacturing in the European region continued stable despite of the epidemic effect.
Production Segment Overview:
Pressure die casting held the major revenue share of more than 77 percent in the year 2023. The big share is attributed to remarkable characteristics provided by the procedure with easy filling of cavity & robust mechanical properties. The increasing inclination for pressure die casting is expected to push the market development, particularly in the automotive segment during the forecast period.
Application Segment Overview:

The transportation sector held the major revenue share of more than 63 percent in the year 2023. Within the transportation sector, lightweight vehicles are measured to be the major influence behind the development of aluminum products. The sector of die-cast measures is expected to rise by nearly 4.9 Kg by the end of 2023.

The industrial sector held a significant revenue share in 2023. It comprises agricultural, construction, & mining device. The aluminum cast products are used in the modules of the above-mentioned machinery. The increasing infrastructural expansions in Asian nations are anticipated to increase the demand for construction equipment through the forecast period.

The produce demand in the B&C sector is dominated by the usage of aluminum die-cast produces in houses, with numerous applications like door handles, roofing, & windows. The increasing replacement of iron & steel owing to the changing customer inclinations is impacting the market development on a positive note.
Regional Overview:
APAC led the market and accounted for over 45 percent share of the worldwide revenue in the year 2023. The region is categorised by the occurrence of trained labor at low cost, which makes it the most profitable region for producers to set up production services. Moreover, a shift in the worldwide manufacturing landscape toward South Asian nations is anticipated to positively power the market development during the forecast period.

China accounted for a major share in the regional market in the year 2023, seeing the widespread occurrence of the end-use businesses in the nation. It is one of the major manufacturing centres in the world. Moreover, China spends a big amount on military & defense. Although China’s engineering actions were also impacted due to the COVID-19 epidemic, the nation reported a fast recovery compared to other shares of the world.

North America is expected to witness steady development through the forecast period. Importance on reaching pre-Covid stages & the combination of sustainable keys is expected to enhance product demand in the area. For instance, in December 2022, Rio Tinto presented a new chains of high-quality aluminium alloys to provision recycling by the die casters. Such ingenuities are expected to show fruitful for the market development during the forecast period.

The objective of the report is to present a comprehensive analysis of the Aluminum Die Casting Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Aluminum Die Casting Market dynamics, structure by analyzing the Market segments and project the Aluminum Die Casting Market size. Clear representation of competitive analysis of key players by Process, price, financial position, Process portfolio, growth strategies, and regional presence in the Aluminum Die Casting Market make the report investor’s guide.
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Aluminum Die Casting Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 27.50 Bn.


Forecast Period 2024 to 2030CAGR:
5.35 %
Market Size in 2030:
US$ 39.61 Bn.


 Segments Covered:
by Process
High-Pressure Die Casting
Low-Pressure Die Casting


by End-Use
Transportation
Industrial
Building & Construction


by Material
Aluminum
Zinc
Magnesium
Others



Aluminum Die Casting Market, by region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Aluminum Die Casting Market, Key Players are
1. Ryobi Ltd.
2. Martinrea Honsel Germany GmbH
3. Gibbs Die Casting Corporation
4. Endurance Technologies Ltd.
5. Dynacast International Inc.
6. Consolidated Metco Inc.
7. Bodine Aluminum Inc.
8. Alcast Technologies Ltd.
9. Aluminum Corporation of China Ltd.
10. Alcoa Corporation
11. CAB Incorporated
12. DyCast Specialties Corp.
13. IQE, LLC
14. Alumicast, Inc.
15. Mardek, LLC

Frequently Asked Questions:

1. Which region has the largest share in Global Aluminum Die Casting Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Aluminum Die Casting Market?
Ans: The Global Aluminum Die Casting Market is growing at a CAGR of 5.35% during forecasting period 2024-2030.

3. What is scope of the Global Aluminum Die Casting market report?
Ans: Global Aluminum Die Casting Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Aluminum Die Casting market?
Ans: The important key players in the Global Aluminum Die Casting Market are – Ryobi Ltd., Martinrea Honsel Germany GmbH, Gibbs Die Casting Corporation, Endurance Technologies Ltd., Dynacast International Inc., Consolidated Metco Inc., Bodine Aluminum Inc., Alcast Technologies Ltd., Aluminum Corporation of China Ltd., Alcoa Corporation, CAB Incorporated, DyCast Specialties Corp., IQE, LLC, Alumicast, Inc., Mardek, LLC, and

5. What is the study period of this market?
Ans: The Global Aluminum Die Casting Market is studied from 2023 to 2030.