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Global Aluminum Casting Market Size, Price: By Process: Die Casting, Sand Casting, Permanent Mold Casting; By End Use: Transportation, Industrial, Building and Construction, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Aluminum Casting Market Outlook
The global aluminum casting market size reached approximately USD 84.59 billion in 2023. The market is further projected to grow at a CAGR of 6.00% between 2024 and 2032, reaching a value of USD 142.91 billion by 2032.
Key Trends in the Market
Aluminum casting is a process for manufacturing high quality and high-performance parts by pouring molten aluminum into precisely engineered and designed molds. After the part is removed from the mold, a layer of aluminum oxide forms on it that provides protection against rust and corrosion.
- Technological advancements in casting methods such as sand casting and high and low pressure die casting along with the integration of digital technologies such as automation, artificial intelligence, and robotics are bolstering the operational efficiency of aluminum casting. This increase in efficiency is resulting in a rise in aluminum casting market demand.
- Rising environmental concerns and growing focus on sustainability has increased the adoption for eco-friendly manufacturing processes and products. The recyclable nature of aluminum helps in reducing both greenhouse gas emissions and energy consumption, catering to the rising demand for sustainable products.
- The growth of the automotive sectors is boosting the market expansion owing to the wide applications of aluminum casting in the production of transmission parts, engine components, and structural components, among others. These applications can be attributed to the lightweight, corrosion resistant, and high strength nature of the casting.
Global Aluminum Casting Market Analysis
Based on process, the market is divided into die casting, sand casting, and permanent mold casting. By end use, the market is categorised into transportation, industrial, and building and construction, among others. On the basis of region, the aluminum casting market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Alcoa Corporation
- Walbro LLC
- Consolidated Metco, Inc.
- BUVO Castings BV
- Georg Fischer Ltd.
- RusAL
- Dynacast
- RYOBI Aluminium Casting (UK) Ltd
- Endurance Technologies Limited
- Gibbs
- RDW Wolf, GmbH
- Martinrea Honsel Germany GmbH
- Alcast Technologies
- Others
Market Share by Process
Die casting accounts for a significant aluminum casting market share due to their wide range of applications in various end user industries owing to their strong electrical and thermal conductivity, corrosion resistance property, and superior mechanical qualities. They also have high dimensional stability for parts that have thin walls and intricate geometries. The growth of the automotive sector is also boosting the demand for die casting as they are extensively used in the manufacture of various parts of a vehicle including valve covers, engine blocks, and wheel spacers, among others.
Market Share by Region
The Asia Pacific is expected to hold a significant share of the market owing to the rising aluminum casting demand from countries such as China, South Korea, and Japan. Due to the high dimensional stability, thermal resistance, and electrical conductivity of aluminum casting it is widely used in the electronics sector. Rapid expansion of manufacturing sectors such as electrical and electronics, transportation, building and construction, and industrial in India and China is further supporting the aluminum casting market growth in the Asia Pacific region.
Competitive Landscape
Alcoa Corporation was founded in 1888 and is headquartered in Pennsylvania, United States. It is an aluminum company that is widely known for producing bauxite, aluminum, and alumina for various industries.
Walbro LLC is a manufacturing company that was founded in 1950 and is headquartered in Arizona, United States. The company specialises in small engine carburetion, which is commonly used on chains saws, line trimmers, and edgers.
Consolidated Metco, Inc. was established in 1964 and has its headquarters located in Washington, United States. The company develops aluminum castings, plastic components, brake drums, and standard hubs.
Other aluminum casting market players include BUVO Castings BV, Georg Fischer Ltd., RusAL, Dynacast, RYOBI Aluminium Casting (UK) Ltd, Endurance Technologies Limited, Gibbs, RDW Wolf, GmbH, Martinrea Honsel Germany GmbH, and Alcast Technologies, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Process |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aluminum Casting Market Analysis
8.1 Key Industry Highlights
8.2 Global Aluminum Casting Historical Market (2018-2023)
8.3 Global Aluminum Casting Market Forecast (2024-2032)
8.4 Global Aluminum Casting Market by Process
8.4.1 Die Casting
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Sand Casting
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Permanent Mold Casting
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Aluminum Casting Market by End Use
8.5.1 Transportation
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Building and Construction
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Aluminum Casting Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Aluminum Casting Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Aluminum Casting Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Aluminum Casting Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Aluminum Casting Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Aluminum Casting Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Alcoa Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Walbro LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Consolidated Metco, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 BUVO Castings BV
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Georg Fischer Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 RusAL
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Dynacast
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 RYOBI Aluminium Casting (UK) Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Endurance Technologies Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Gibbs
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 RDW Wolf, GmbH.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Martinrea Honsel Germany GmbH
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Alcast Technologies
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aluminum Casting Market: Key Industry Highlights, 2018 and 2032
2. Global Aluminum Casting Historical Market: Breakup by Process (USD Billion), 2018-2023
3. Global Aluminum Casting Market Forecast: Breakup by Process (USD Billion), 2024-2032
4. Global Aluminum Casting Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Aluminum Casting Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Aluminum Casting Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Aluminum Casting Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Aluminum Casting Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Aluminum Casting Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Aluminum Casting Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Aluminum Casting Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Aluminum Casting Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Aluminum Casting Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Aluminum Casting Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Aluminum Casting Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Aluminum Casting Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Aluminum Casting Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Aluminum Casting Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 84.59 billion in 2023.
The market is projected to grow at a CAGR of 6.00% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 142.91 billion by 2032.
The major market drivers include growing electronics sector and increased adoption by various end user industries due to various environmental benefits offered by aluminum casting.
The key trends fuelling the growth of the market include integration of digital technologies and rising environmental concerns.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant process involved in aluminum casting include die casting, sand casting, and permanent mold casting.
The key players in the market are Alcoa Corporation, Walbro LLC, Consolidated Metco, Inc., BUVO Castings BV, Georg Fischer Ltd., RusAL, Dynacast, RYOBI Aluminium Casting (UK) Ltd, Endurance Technologies Limited, Gibbs, RDW Wolf, GmbH, Martinrea Honsel Germany GmbH, and Alcast Technologies, among others.
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