Aluminum die casting process market size is estimated to grow from $55 billion in 2017 to $79 billion by 2022, at a CAGR of 7.33 percent, per MarketsandMarkets report. Fender Bender posted and NADCA shared in their newsletter today.
It is projected to witness significant growth in the next few years with the increasing demand for lightweight vehicles and new constructions all over the world due to rapid urbanization and industrialization. Large-scale investments in industrial and manufacturing units, coupled with the rising demand for lightweight, fuel-efficient vehicles in emerging economies are some of the factors driving the growth of the aluminum casting market.
(Image and video from E Birmingham, "A lightweight E-type purely for competition. Just 12 of an intended 18 lightweights were built. Until now. #MissingSix")
The die casting segment is estimated to dominate the market in the aluminum casting market through 2022
The die casting segment is estimated to dominate the process segment of the aluminum casting market as it helps to reduce the weight of the vehicle and industrial machines. It is mainly used in the transportation sector to improve the fuel efficiency of vehicles. Owing to the considerable growth in the automobile industry globally, the demand for lightweight vehicles is expected to increase, which will further drive the die casting market.
The transportation sector dominated the market in 2016 and is projected to be the fastest-growing end-user sector over the next five years, as a result of the rising urbanization and demand for fuel-efficient and light-weight vehicles. The transportation sector is projected to witness the highest growth in demand for aluminum casting, as aluminum is considered one of the most viable materials for manufacturing automobile parts such as cylinder heads, chassis, and powertrain due to the wide range of benefits offered such as high strength-to-weight ratio, sustainability, recyclability, and versatility.
Asia-Pacific constitutes the largest market share in the aluminum casting market wherein China is the largest country-level market. The recovery of the Chinese residential market by 2010 after the 2007-2009 recession and the increasing demand for lightweight low maintenance vehicles are some of the factors driving the aluminum casting market in Asia-Pacific. The market in this region is growing rapidly due to the presence of numerous leading players. The excellent hold on industries such as construction, automotive, mass transport, and aerospace have played a crucial role in the growth of the market for aluminum casting in the Asia-Pacific region.
(Image from Jaguar, "The first Jaguar XK120s in the 1940s used aluminum panels, while the C-Type and D-Type racers that dominated Le Mans in the 1950s, and the lightweight E-Type of the 1960s were pioneers in aluminum chassis and body design. In 2003, we redesigned our iconic XJ with an aluminum bonded and riveted structure that was 40 percent lighter than its predecessor. Today’s Jaguar saloons, sports cars and SUVs are benefiting from the fifth-generation of that aluminum thinking.")
From the report
The report aims at estimating the market size and future growth potential of the aluminum casting market across different segments process, end-use sector, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It also aims to study the individual growth trends, prospects, and contribution of various segments to the total market. The study also analyzes opportunities in the market for stakeholders and details of the competitive landscape for the market leaders. The study strategically profiles key players and comprehensively analyzes their core competencies.
The research methodology used to estimate and forecast the aluminum casting market begins with capturing data on key vendor revenues through secondary research and associations such as World Aluminum Association, Aluminum Casters’ Association of India (Alucast), and International Organization of Motor Vehicle Manufacturers (OICA). The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the global aluminum casting market from the revenue of the key players. After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments. The breakdown of profiles of primary participants is depicted in the figure below:
The market ecosystem includes various stakeholders involved in the supply chain of the aluminum casting industry starting from raw materials suppliers, research & development, and manufacturing. Post this, the marketing and sales of the products take place which is only possible if an efficient distribution channel is developed. Finally, the end products are made available to the consumers. The global market for aluminum casting is dominated by players such as Alcoa Corporation (U.S.), Ryobi Limited (Japan), Aluminum Corporation of China Limited (China), Rio Tinto (U.K.), United Company Rusal (Russia), China Hongqiao Group Limited (China), Arconic Inc. (U.S.), Gibbs Die Casting Corp (U.S.), Dynacast Charlotte (U.S.), Nemak S.A.B. de C.V. (Mexico), Kaiser Aluminum (U.S.), Rockman Industries Ltd. (India), Endurance Technologies (India), Consolidated Metco, Inc. (U.S.), Martinrea Honsel (Germany), Alcast Technologies Ltd. (Canada), Bodine Aluminum Inc. (U.S.).
- Aluminum casting units producers
- Raw material producers and suppliers
- Cast aluminum distributors and traders
- End-use sectors
- Governments and R&D institutions
- Market research and consulting firms
- Associations and industry bodies
Scope of the Report
The research report segments the aluminum casting market into the following sub markets:
- Die casting
- Permanent mold casting
- Sand casting
- Building & construction
- Others (Household appliances, engineering tools, and telecom)
- North America
- Middle East & Africa
- South America
(Image from DesignBoom, "Jaguar has revealed ‘car zero’, the first prototype of its new lightweight E-type at the Pebble Beach Concours d’Elegance in California. Six rebuilds of the original british sports car will be hand-crafted by skilled workers at Jaguar Heritage, part of Jaguar Land Rover’s new special operations division. The contemporary two-door will be re-constructed using specifications originating from the last lightweight E-type produced in 1964 and will be built at the original home of the E-type, Jaguar’s Browns Lane plant in Coventry, England. the series of vehicles have been introduced as replacements for the ‘missing’ six vehicles from the ‘special GT E-type’ project in february 1963, of which only 12 of 18 were completed.
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