NEW YORK , Nov. 29, 2023 /PRNewswire/ -- The aluminum die casting market size is expected to grow by USD 36.59 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 7.61% during the forecast period, according to Technavio. The growing use of aluminum die casting in the automotive industry is notably driving the aluminum die casting market. However, factors such as competition from other materials may impede market growth. The market is segmented by Application (Automotive, Heavy machinery, and industrial, Aerospace and Defense, Construction, and Others), Type (Pressure die casting, Gravity die casting, and others), and Geography (APAC, Europe , North America , Middle East and Africa , and South America ). We provide a detailed analysis of 20 companies operating in the aluminum die casting market including Alcast Technologies Ltd., Aludyne Inc., Amsted Industries Inc., Buhler AG, BUVO Castings BV, Chicago White Metal Casting Inc., Dynacast, Endurance Technologies Ltd., Georg Fischer Ltd., Gibbs, IBEX ENGINEERING PVT. LTD., Madison Kipp Corp., Martinrea Honsel Germany GmbH, Phb Inc., Ryobi Ltd., Sandhar Technologies Ltd., Sundaram Clayton Ltd., Sunrise Metal, Toyota Motor Corp., and Walbro LLC. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Sample Report.
Aluminum Die Casting Market 2023-2027: Company Analysis High-Quality Vacuum Casting Suppliers
Alcast Technologies Ltd.: The company offers aluminum die-casting solutions such as Automated Flaskless Moulding, Squeezer Moulding, and Air Set Moulding. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information
Aluminum Die Casting Market 2023-2027: Segmentation
The automotive segment is significant during the forecast period. Aluminum alloys, mainly developed using high-pressure die-casting processes are used to produce nearly 30-35% of automotive components. The growing activities to replace iron and steel with aluminum in the auto industry and increasing investments in the auto and infrastructure sectors. This is known to further boost market growth.
APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Factors such as the growing demand for lightweight and high-strength castings is driving market growth. Furthermore, APAC is characterized by a source of cheap skilled labor, making it the most profitable region for various industrial manufacturers.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report
Aluminum Die Casting Market 2023-2027: Key Highlights
CAGR of the market during 2023-2027
Detailed information on factors that will assist aluminum die casting market growth during the next five years
Estimation of the composite rebar market size and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the aluminum die casting market
Analysis of the competitive landscape and detailed information on companies
Comprehensive details of factors that will impede the growth of aluminum die casting market companies
The aluminum composite panels market size is estimated to grow at a CAGR of 6.87% between 2022 and 2027 with the market size forecast to increase by USD 2,449.52 million .
The aluminum pigment market size is estimated to grow at a CAGR of 5% between 2022 and 2027. The market size is forecast to increase by USD 160.13 million .
Drivers, Challenges, & Trends
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Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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