Aluminum Die Casting Market Forecast | 2022-2028

Market Insights

The aluminum die casting market is estimated to growing from USD 69.8 billion in 2021 to reach USD 101.48 billion by 2028 at a CAGR of 5.44% during the forecast period.

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What is aluminum die casting?

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

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.

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Key Players

Some of the key players in the market are-

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

Segments Analysis

By Production Process Type:

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.

By Application Type:

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 Analysis:

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. 

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North America and Europe are also expected to offer substantial growth opportunities over the assessment period.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. 

The aluminum die casting market is segmented into the following categories:

By production process type:

• Pressure Die Casting
  • Type Analysis: High Pressure Die Casting and Low Pressure Die Casting
• Others

By application type:

• Transportation
  • Type Analysis: General Road Transportation, Sports Road Transportation, Heavy Vehicles, and Aerospace & Aviation
• Industrial
  • Type Analysis: 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 Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of 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 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

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.

The following are the key features of the report:

• Overview, industry life cycle and supply chain analysis.
• Report environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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)

Segmentation

• Current segmentation by any one of the production process types by application type.  

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 sales@stratviewresearch.com.