
Report ID: SQMIG15I2014
Report ID:
SQMIG15I2014 |
Region:
Global |
Published Date: February, 2025
Pages:
188
|
Tables:
68 |
Figures:
69
High Demand for Automotive Manufacturing
Rising Use in Aerospace Industry
Volatility in Aluminum Pricing
Environmental Concerns Over Energy-Intensive Process
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REQUEST FREE CUSTOMIZATIONGlobal Aluminum Die Casting Market size was valued at USD 73.32 Billion in 2023 and is poised to grow from USD 77.36 Billion in 2024 to USD 118.72 Billion by 2032, growing at a CAGR of 5.5% in the forecast period (2025-2032).
Aluminum die casting providers should focus on expanding their production capacity to meet the surging demand from various industry verticals. Targeting automotive and aerospace industry verticals is slated to offer good revenue generation potential for aluminum die casting companies in the long run. Collaborations and partnerships can help aluminum die casting providers innovate and launch novel technologies to boost revenue generation through 2032. 'Alcast Technologies', 'BUVO Castings', 'Dynacast Deutschland GmbH', 'Chongqing CHAL Precision Aluminium Co., Ltd.', 'Consolidated Metco, Inc.', 'Shiloh Industries Inc.', 'Endurance Technologies Limited', 'FAIST Group', 'GF Casting Solutions', 'GIBBS', 'Walbro LLC', 'Martinrea Honsel Germany GmbH', 'Madison-Kipp Corporation', 'Ryobi Limited'
Aluminum die casting is being used extensively in the automotive manufacturing industry to create lightweight components for vehicles. Growing emphasis on vehicle emission reduction, rising sales of vehicles, and growing demand for electric vehicles are projected to bolster the global aluminum die casting market outlook in the long run.
Use of Advanced Design and Simulation Tools: Aluminum die casting companies should focus on utilization of advanced design and simulation tools to maximize their business scope and efficiency going forward. Focusing on this aluminum die casting market trend can help companies optimize mold design, reduce material waste, and improve product quality and efficiency in the long run.
The Asia Pacific region is estimated to spearhead the global aluminum die casting demand outlook owing to the presence of a robust manufacturing industry in this region. Rapid industrialization, presence of leading automotive manufacturers, and availability of skilled labor at low costs are also helping this region lead the adoption of aluminum die casting on a global level. China is slated to be the most rewarding market for any aluminum die casting company owing to its robust manufacturing base. India, South Korea, and Japan are also expected to emerge as other opportune markets owing to the presence of leading automotive manufacturers such as Nissan, Toyota, Suzuki, Tata, Hyundai, etc.
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Report ID: SQMIG15I2014