Die Aluminum Casting Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 7.8 Billion by 2033 at a CAGR of 7.2% from 2026 to 2033.
In 2022, the global aluminum casting market was valued at $72.9 billion and is projected to reach $124.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2032. The die casting segment accounted for a significant portion of this market, with revenues of $69,488.8 million in 2022. The Asia Pacific region dominated the market, holding nearly three fifths of the global revenue, driven by robust growth in electrical & electronics, building & construction, and transportation sectors. North America and Europe also held substantial shares, with North America accounting for 16.6% of the global market revenue in 2022. Opportunities in the die aluminum casting market are particularly pronounced in the automotive industrys shift towards electric vehicles (EVs). The demand for lightweight, high strength components to enhance battery performance and vehicle efficiency is driving increased use of aluminum castings. Additionally, technological advancements in casting processes, such as additive manufacturing and high pressure die casting, are enabling the production of more complex and precise components, expanding application possibilities. However, challenges include fluctuating raw material prices and environmental concerns associated with aluminum production, which may impact market dynamics.
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Alcoa
Dynacast International
Gibbs Die Casting
Ryobi
Martinrea Honsel
United Company Rusal
Nemak
Rockman Industries
Endurance
LTH
CHALCO
China Hongqiao
Guangdong Hongtu
Hongte
Wencan
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Die Aluminum Casting Market
High-Pressure Die Casting
Low-Pressure Die Casting
Gravity Die Casting
Centrifugal Casting
Automotive Components
Aerospace Parts
Electronics Housings
Industrial Equipment Parts
Automotive Industry
Aerospace and Defense
Consumer Electronics
Construction and Building Materials
Healthcare Equipment
Aluminum-Silicon Alloys (A356, A380)
Aluminum-Copper Alloys
Aluminum-Zinc Alloys
Aluminum-Magnesium Alloys
Structural Components
Mechanical Components
Heat Transfer Applications
Decorative Components
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Die Aluminum Casting Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Die Aluminum Casting Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Die Aluminum Casting Market, By Type
6. Global Die Aluminum Casting Market, By Application
7. Global Die Aluminum Casting Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Die Aluminum Casting Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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