The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The aluminum die casting market is expected to exhibit strong growth during 2021-2026. Aluminum die casting stands for a manufacturing process that produces geometrically complex, defined, accurate and textured-surface metal parts. The aluminum alloy is widely used for die casting as it is lightweight as well exhibits high-dimensional stability for producing low-density and durable end products. Furthermore, aluminum has high corrosion resistance, electrical and thermal conductivity, stiffness, durability, and excellent strength-to-weight ratio, in comparison to other metal alloys. Owing to this, aluminum casts are widely employed across various sectors, including automotive, electrical and electronics, transportation, building and construction, telecommunication, consumer durables, and energy, among various others.
The increasing penetration of die casting parts in the automotive industry coupled with the rising demand for aluminum casts in the electrical and electronics sector have augmented the market growth globally. Moreover, the rapid implementation of stringent governmental regulations to curb the automobile emissions and increasing fuel efficiency, have catalyzed the demand for lightweight, non-ferrous metals in the automobile industry. For instance, based on the strict emission laws implemented by the United States Environmental Protection Agency, several manufacturers are using aluminum casts in lightweight vehicles as a weight reduction strategy as well for controlling automobile emissions in the US. Additionally, the emerging construction equipment sector along with the prevalent energy conservation trends across developing regions, such as APAC, MENA, and Latin America, has significantly affected the exponential growth of the aluminum casting market. With the advent of improved casting technology, high precision and digital machinery are increasingly being used for enhancing the quality and durability of aluminum casts for industrial, automobile and electronic applications. Besides this, rapid industrialization particularly across emerging economies, such as India and China, has led to an increasing demand for aluminum casts in telecommunications, energy (windmills, transmission parts, etc.), and other industrial components. All the above-mentioned factors will continue to bolster the growth of the global aluminum die casting market in the upcoming years. Looking forward, IMARC Group expects the aluminum die casting market to grow at a CAGR of around 7% during the forecast period (2021-2026).
Breakup by Process:
Breakup by Application:
Breakup by End Use:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Alcast Technologies Ltd., Alcoa Corporation, Bodine Aluminum Inc., Consolidated Metco Inc., Dynacast Deutschland GmbH, GF Casting Solutions, Gibbs Die Casting Corporation, Martinrea Honsel Germany GmbH, Rheinmetall Automotive AG, Ryobi Die Casting Dalian Co., Ltd., Shiloh Industries Inc., Walbro LLC, etc.
Key Questions Answered in This Report:
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at