Passenger Vehicle Aluminum Casting Market was valued at USD 7.5 Billion in 2022 and is projected to reach USD 12.0 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The passenger vehicle aluminum casting market has witnessed significant growth from 2018 to 2022, driven by increasing demand for lightweight, fuel-efficient vehicles and a rise in electric vehicle production. As the automotive industry transitions toward more sustainable solutions, aluminum casting has emerged as a key material for manufacturers looking to meet stricter emission standards while maintaining vehicle performance. This growth trajectory is forecasted to continue from 2023 to 2033, as advancements in casting technologies and greater adoption of aluminum components are expected to play pivotal roles in shaping the market dynamics.
From 2018 to 2022, the global passenger vehicle aluminum casting market experienced steady demand, particularly in regions like North America and Europe. The shift toward electric vehicles (EVs) has increased the need for lighter and stronger materials, especially for battery housings, structural components, and body parts. As EV production rises, aluminum casting has become integral in creating components that contribute to the overall efficiency and sustainability of these vehicles. Additionally, technological advancements in casting methods, such as die casting and sand casting, have allowed manufacturers to produce parts with improved strength and reduced weight, further driving demand in the passenger vehicle sector.
The market for passenger vehicle aluminum casting from 2023 to 2033 is expected to witness even more significant growth. One key factor contributing to this rise is the rapid development of new alloys and casting processes that offer improved performance and lower production costs. This period will also see the expansion of automotive manufacturers in emerging markets, where the demand for lightweight vehicles and fuel efficiency continues to climb. Furthermore, the adoption of aluminum for components like engine blocks, transmission cases, and suspension parts will see increased application across both traditional and electric vehicles.
The influence of sustainability will continue to shape the market outlook, with pressure on manufacturers to reduce carbon footprints and meet global emission targets. Passenger vehicle aluminum casting provides a solution for automakers aiming to reduce weight without sacrificing durability or safety. As these trends unfold, it’s clear that the passenger vehicle aluminum casting market will remain at the forefront of automotive manufacturing innovation.
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Nemak
Ryobi
Ahresty
Georg Fischer Ltd
Alcoa
Dynacast International
Gibbs Die Casting
Martinrea Honsel
United Company Rusal
Rockman Industries
Endurance
LTH
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Passenger Vehicle Aluminum Casting Market
Coupes
Sedans
Hatchbacks
Others
Based on Types the Market is categorized into Below types that held the largest Passenger Vehicle Aluminum Casting market share In 2023.
Die Casting
Permanent Molding Casting
Sand Casting
Other
Global (United States, Global 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 Passenger Vehicle 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 Passenger Vehicle Aluminum Casting Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Passenger Vehicle Aluminum Casting Market, By Type
6. Global Passenger Vehicle Aluminum Casting Market, By Application
7. Global Passenger Vehicle Aluminum Casting Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Passenger Vehicle Aluminum Casting Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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