Aluminum casting market is anticipated to grow at a CAGR of 7.5% during the forecast period (2024-2031). Aluminum castings are widely used in the automotive sector for producing various automotive parts of different shapes. Aluminum die castings are used in producing alloy wheels, body frames, pistons, engine blocks, valve covers, carburetors, fan clutches, and others. Increase in investments in building infrastructure in countries such as the US, China, Japan, Mexico, and India, have led the building & construction sector to witness significant growth where the aluminum casting process is widely employed for designing and production of both interior and exterior metallic structures, window frames, and others. Furthermore, factors such as increasing disposable income, technological upgrades, and spurring a rise in original equipment manufacturers (OEMs) have led the automotive & transportation sector to witness significant growth.
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Aluminum casting has gained popularity owing to its impeccable features, such as lightweight and high strength, which make it ideal for application in a multitude of industries. The automotive industry is one of the major end users of aluminum casting, where it finds adoption due to the need to improve fuel efficiency by reducing vehicle weight and, subsequently, reducing CO2 emissions. The transport sector significantly contributes to environmental pollution, and most auto manufacturers are focusing on producing lightweight vehicles to reduce carbon emissions. According to the United Nations Environment Programme, the partnership for Clean Fuel and Vehicles (PCFV) is the global public-private initiative promoting cleaner fuels and vehicles in developing countries. Seventy-three organizations from PCFV are focusing on lowering greenhouse gas emissions from road transport to achieve cleaner air by combining their resources and efforts.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Aluminum Casting Market by Process
- Die casting
- Sand Casting
- Permanent Mold Casting
Global Aluminum Casting Market by End-Use Sector
- Industrial
- Transportation
- Building and Construction
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Alcast Technologies Ltd.
- Bodine Aluminum, Inc.
- BUVO Castings
- Consolidated Metco, Inc.
- Georg Fischer Ltd.
- GIBBS Die Casting Corp.
- Martinrea Honsel Germany GmbH
- Nemak
- Olson Aluminum Casting
- Rajshi Technologies India Private Ltd.
- Rio Tinto
- RUSAL
- Ryobi Die Casting
- Shandong Xinanrui Machinery Co. Ltd.
- Walbro
- Wolf Industries GmbH
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aluminum casting market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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