Aluminum Casting Market is Anticipated to Witness High Growth Owing to Increasing Demand for Lightweight Automotive Components

The global aluminum casting market size is anticipated to reach USD 83.2 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 6.4% CAGR over the forecast period.

According to the Center for Automotive Research, the global sales of lightweight vehicles are expected to reach nearly 110 million units by 2026.

Nonetheless, growing demand for structural components and sensor casings of a vehicle is likely to continue as the electric engine or motor requires die casting components to produce battery housings and casings.

China has taken advantage of the availability of high-tech manufacturing facilities as well as a highly skilled workforce, which is essential for the manufacturing sector.

Key product manufacturers include Alcoa Corporation; Dynacast; Aluminum Corporation of China Limited; Gibbs Die Casting Corp.; Bodine Aluminum, Inc.; and Endurance Technologies Limited.

For instance, in March 2016, Gibbs Die Casting Corp. invested USD 10 million in its Henderson facility in Texas, U.S. Further key findings from the report suggest: • Based on process, permanent mold casting is anticipated to progress at a revenue-based CAGR of 6.2% over the forecast period owing to increasing demand for motorsport and recreational vehicles, especially in U.S. • The industrial end-use segment is projected to witness a CAGR of 7.3% in terms of revenue over the forecast period owing to increasing demand from agricultural and construction equipment in emerging economies such as India and Brazil • Asia Pacific is expected to exhibit a revenue-based CAGR of 8.4% over the forecast period owing to the presence of a large industrial sector and growth of the automobile sector in the region • North America is anticipated to grow at a CAGR of 4.2% in terms of volume owing to increasing demand for lightweight materials in the automotive industry to reduce fuel emissions.

A business intelligence report on the global Aluminum Casting market offers quantitative estimation of the opportunities and qualitative assessment various growth dynamics.

The study highlights estimations of the opportunities in the historical period, and offers several projections during the forecast period.The following are taken into consideration:Historical Period: 2014 – 2018Forecast Period: 2019 to 2029Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=2462Key Focus Areas of Report on Global Aluminum Casting MarketThe study on the Aluminum Casting market includes detailed market estimations of opportunities in various segments and their share/size globally in each year during the forecast period.

The following are the broad insights that form the backbone of the evaluation of the Aluminum Casting market.Detailed segmentation to at least two levels based on various parameters that include region, end user/application, and product/technology/service type/modelCurrent valuation of all the key segmentsProjected CAGR of the key segments from 2019 to 2029Qualitative analyses of the growth trajectory of the Aluminum Casting market year-over-year; these include scrutiny of the key growth dynamics: drivers, restraints, winning imperatives for players, challenges, and opportunitiesProfile of prominent players in the Aluminum Casting marketStrategies and Recent Moves made by them to consolidate their positionsCOVID-19 disruptions in macroeconomic dynamics that will shape the future contours of the market dynamicsAttractiveness of key product/technology segmentsSegmental Analysis Comprise the following.Based on End-use Industry/Application,TransportationIndustrialBuilding & constructionBased on Product/Technology,Die castingPressure die castingPermanent mold castingOtherBased on Region,North AmericaLatin AmericaEuropeJapanAPEJMEATop players includeWalbroAlcoa CorporationConsolidated Metco, Inc.DynacastGibbs Die Casting CorporationRyobi Ltd.Bodine Aluminum, IncWhat Businesses Can Hope to Get in Business Intelligence on Aluminum Casting Market?The study insights on the Aluminum Casting market growth dynamics and opportunities highlights various key aspects, in which crucial ones are:Which are the technology and strategic areas that emerging, new entrants, and established players should focus on keep growing in the industry-wide disruptions that COVID-19 has caused?Which new avenues bear incredible potential during the ongoing COVID-19 lockdown restrictions?Which policies by governments can give the top stakeholders support their efforts of consolidation?What new business models are gathering pace among companies to remain agile in post-COVID-era?Which segments will see a surge in popularity in near future, and what calibrations players need to make to utilize the trend for an elongated period?To Know More Information about This Report, Ask The Analyst @ https://www.factmr.com/connectus/sample?flag=AE_id=2462Insights and Perspectives that make this Study on Aluminum Casting Market Stand OutThe analysts who have prepared the report have been keen observers of the dynamism due to macroeconomic upheavals.

Using the best industry assessment quantitative methods and data integration technologies, they have come out with a holistic overview of the future growth trajectories of the Aluminum Casting market.

Fact-based insights and easy-to-comprehend information based on wide spectrum of market data is what makes this study different from competitors.The following evaluations create a differentiating approach towards understanding the market dynamics and presenting the crux to its readers:The analysts harness rigorous statistical analytical tools combined with their expertise to identify imminent investment pockets in various regions and in various technology segments.The study offers a broad framework for businesses to assess the change in policies on their internal growth dynamics.The study strives to offer a multi-dimensional and inter-industry evaluation of the market impacts on recent mergers and acquisitions, deals and partnerships, and venture funding.The analysts have presented this information in easy-to-understand formats.About Fact.MRFact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports.

We believe transformative intelligence can educate and inspire businesses to make smarter decisions.

The global aluminum casting market size is expected to value at USD 97.36 billion by 2025.

The market is subject to witness a substantial growth due to rise in the adoption of aluminum in automobile sector by substituting heavy metals such as iron and steel.

Globally, the market is predicted to grow at CAGR of 7.8% in forecast period, providing numerous opportunity for market players to invest for research and development in the aluminum casting market.Wide popularity of aluminum casting among various industries is credited to its exclusive features such as high strength and its lightweight.

Constant demand from automotive industry for vehicle manufacturing in order to enhance fuel efficiency and limit carbon dioxide emission is key driver for the growth of the aluminum casting market in recent years.

Increasing adoption of the die casting in the automotive industry is due to factors such as high efficiency, and its ability to mold dry cast into any of shapes and size during the casting processes.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/aluminum-casting-market/request-sampleAluminum casting has become vital during production of vehicle parts similar to engine cylinders, engine blocks, gears boxes, rims, and wheel spacer.

Aluminum is ideal substitute for heavy metal such as iron and steel as it limits emission of carbon dioxide into atmosphere.

The global Aluminum Die Casting Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.

Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the aluminum die casting market include Walbro, Alcoa Corporation, Consolidated Metco, Inc., Dynacast, Gibbs Die Casting Corporation, Ryobi Ltd., Bodine Aluminum, Inc., Martinrea Honsel Germany GmbH, Aluminum Corporation of China Limited, Alcast Technologies and Endurance Technologies Limited.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Aluminum Die Casting Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/aluminum-die-casting-market/download-sampleMarket DynamicsRising adoption of durability and lightweight cast, especially in the automotive sector is likely to augment the demand.

Apart from this, recycled aluminum has widely gained attention among end-users due to the high cost of using pure aluminum.

However, the requirement of the high cost to investment is the major factor that could hamper the market growth.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.

Allied Market Research published a new report, titled, " Aluminum Casting Market: Global Opportunity Analysis and Industry Forecast, 2020–2027."

The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.The report offers key drivers that propel the growth in the global aluminum casting market.

These insights help to devise strategies and create new opportunities to achieve exceptional results.The research offers an extensive analysis of key players active in the global aluminum casting industry.

Leading market players analyzed in the report include Alcoa Corporation, Ryobi Limited, Rio Tinto, Aluminum Corporation of China Limited, United Company Rusal, China Hongqiao Group Limited.

These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

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