Aluminum casting market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 9.0% in the forecast period of 2020 to 2027 and expected to reach USD 67,727.88 million by 2027. Growing investment in automobile industry adopts the utilization of aluminum casting products are the factors for the market growth. Asia-Pacific region is dominating due to increasing in the production of aluminum products and it is the reason why the casting process is very much dominating in China as the country is leading the highest production of aluminum
Casting is the process through which raw aluminum is converted into the products by heating and pouring. The process permits the producer to manufacture parts at a higher and faster rate as compared to any other alloy materials. With the help of casting process the products which are formed has become corrosion resistant, versatile and can be used for wide range of applications. Rise in the number of lightweight vehicles is accelerating the consumption of aluminum casting products which drives the market growth globally.
Global Aluminum Casting Market By Process (Expendable Mold Casting and Non-Expendable Mold Casting), By Source (Primary (Fresh Aluminium) and Secondary (Recycled Aluminium), By Application (Intake Manifolds, Oil Pan Housings, Structural Parts, Chassis Parts, Cylinder Heads, Engine Blocks, Transmissions, Wheels & Brakes, Heat Transfers and Others), By End-User (Automotive, Building And Construction, Industrial, Household Appliances, Aerospace, Electronic And Electrical, Engineering Tools and Others), Country (U.S., Canada and Mexico, Germany, U.K., France, Italy, Switzerland, Spain, Russia, Belgium, Netherlands, Turkey and Rest of Europe, China, Japan, South Korea, India, Singapore, Australia, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa) – Industry Trends and Forecast to 2027This aluminum casting market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Aluminum Casting Market, By Process:
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Automobile industry:
Asia-Pacific aluminum casting market also provides you with detailed market analysis for every country growth in installed base of different kind of products for aluminum casting market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the aluminum casting market. The data is available for historic period 2010 to 2018.
Asia-Pacific Aluminum Casting Market Scope and Market Size:
Asia-Pacific aluminum casting market is segmented of the basis process, source, application and end-user. The growth among segments helps you analyses niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. On the basis of process, the market is segmented into expendable mold casting and non-expendable mold casting. In Asia-Pacific, the non-expendable mold casting segment is increasing in the China because the maximum car parts which are produced such as engine blocks or structural parts have been manufactured majorly through the high pressure die casting process.
On the basis of source, the market is segmented into primary (fresh aluminum) and secondary (recycled aluminum). In Asia-Pacific, the country like the China have low rates of recycling because of the inadequate initiatives by government to support recycling process in these countries and that is the reason why the region is focusing towards the fresh aluminum to manufacture the products. On the basis of application, the market is segmented into intake manifolds, oil pan housings, structural parts, chassis parts, cylinder heads, engine blocks, transmissions, wheels & brakes, heat transfers and others. Due to the increased demand of automobiles in the local market the demand of wheels and brakes has been growing which further augmented the demand of aluminum casting products in the region. On the basis of end-user, the market is segmented into automotive, building and construction, industrial, household appliances, aerospace, electronics and electrical, engineering tools and others. In Asia-Pacific, the demand of vehicles has been increased in the countries like the China and India. The companies like Ford motor company have started mass production techniques which has boosted the demand of automobile sector in the region.
Key Market Competitors:
The major players covered in the report are Alcoa Corporation, Endurance Technologies Limited, Ryobi Limited, DyCast Specialties Corporation, Consolidated Metco, Inc., Alcast Technologies, Ningbo Beilun Create Mould Machine Co., Ltd, Leggett & Platt, Incorporated, Martinrea Honsel Germany GmbH, Gibbs, Dynacast, Reliance Foundry Co. Ltd., Toyota Industries Corporation, LA Aluminum, TPi Arcade, Drahtwerk Elisental W. Erdmann GmbH & Co., Wagstaff Inc., Ningbo Innovaw Mechanical CO.,LTD., Modern Aluminum Castings CO., INC. and Pacific Die Casting Corp. among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
MAJOR TOC OF THE REPORT:
Chapter One: Asia-Pacific Aluminum Casting Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Asia-Pacific Aluminum Casting Market Competition, by Players
Chapter Four: Asia-Pacific Aluminum Casting Market Size by Regions
Chapter Five: Asia-Pacific Aluminum Casting Market Revenue by Countries
Chapter Six: Asia-Pacific Aluminum Casting Market Revenue by Type
Chapter Seven: Asia-Pacific Aluminum Casting Market Revenue by Application
Chapter Eight: Asia-Pacific Aluminum Casting Market Revenue by Industries
Chapter Nine: Asia-Pacific Aluminum Casting Market Revenue by Deployment Model
Chapter Ten: Asia-Pacific Aluminum Casting Market Revenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Capture Asia-Pacific Aluminum Casting Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Asia-Pacific Aluminum Casting Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model?
Which are the Global Opportunities for expanding the Asia-Pacific Aluminum Casting Market?
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