Global Aluminum Casting Market Projected To GrowAt A CAGR Of Approximately 5.7% During 2024–2032

According to Zion Market Research, the worldwide aluminum casting market size was valued at USD 4.36 Billion in 2023 and is projected to hit USD 7.18 Billion by 2032, with a compound annual growth rate (CAGR) of 5.7% during the forecast period 2024-2032. The upsurge in the utilization of aluminum in the manufacturing of automobiles and increased demand in the building & construction segment across the Asia Pacific region has propelled the development of the market. Automobile producers are under mounting pressure to meet authoritarian requirements related to the environmental impact of vehicles. The CAFE (Corporate Average Fuel Economy) has increased its target by almost twice for average fuel-efficiency throughout 2018–2022 due to the augmenting emission of greenhouse gases. The weight reduction in vehicles by aluminum use is set to play a vital role in these conditions so as to meet regulatory requirements.

Increased Use Of Aluminum Cast Products In Automobiles To Boost The Global Aluminum Casting Market

The stringent emission laws obligatory by the U.S. EPA are amongst the primary growth factors for the market across the country. The policies aimed to decrease greenhouse gas emissions from automobiles by surging fuel competence of vehicles can be efficiently attained by making the vehicle lighter. The rapid development in the automotive industry globally is also estimated to benefit the expansion of the market. On an international scale, almost 59% of cast products in the market are pointed toward the automotive industry. In some nations, the use of aluminum cast products in the automotive segment is much higher than the global average. For example, about 78% of manufactured aluminum cast products in Spain are used by the automotive sector.

The global aluminum casting market is bifurcated on the basis of process, end-use, and regional analysis. Based on the process, the market is divided into die casting, permanent mold casting, and others. The die casting segment is sub-divided into pressure die casting (low pressure die casting and high pressure die casting) and others. Based on end-use, the market is divided into transportation, building & construction, industrial, and others. The industrial segment is sub-divided into construction equipment, agricultural equipment, and others.

The Asia Pacific Region Estimated To Dominate The Global Aluminum Casting Market

Based on the geographical analysis, the global aluminum casting market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Asia Pacific region was the major contributor in terms of revenue in the market, contributing to over 43.5% during 2023. The manufacturing of automotive vehicles across the region witnessed a surge of almost 4.2% from 2018 to 2022, according to the study. Thus, the shift of production units across the region, along with the steady growth of the automobile sector is expected to strengthen the growth of the market.

Browse the full “Urinary Catheters Market - By Product (Intermittent Catheters, Indwelling Catheters, and External Catheters), By Type (Uncoated Catheters and Coated Catheters), By Gender (Female Urinary Catheter and Male Urinary Catheter), By Indication (General Surgery, Urinary Incontinence, Spinal Cord Injuries, and Benign Prostatic Hyperplasia), By End-User (Long-Term Care Facilities, Hospitals, and Other End Users), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/aluminum-casting-market

Key players profiled in the report include- 

• Aluminum Corporation of China Limited
• Martinrea Honsel Germany GmbH
• Ryobi Ltd
• Gibbs Die Casting Corporation
• Walbro
• Endurance Technologies Limited
• Alcoa Corporation
• Dynacast
• Consolidated Metco Inc.
• Bodine Aluminum Inc.
• Alcast Technologies

The global aluminum casting market is segmented as follows:

By process:

• Die Casting
  • Pressure Die Casting
    • High Pressure Die Casting
    • Low Pressure Die Casting
  • Others
• Permanent Mold Casting
• Others

By end-use:

• Transportation
• Industrial
  • Construction Equipment
  • Agricultural Equipment
  • Others
• Building & Construction
• Others

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com