Global aluminum casting market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 7.9% in the forecast period of 2021 to 2028 and is expected to reach USD 1,25,047.18 Million by 2028. Besides, Aluminum Casting Market promotional business report also includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. This report also provides the company profile, product specifications, production value, contact information of manufacturer and market shares for company. The market report acts upon systematic gathering, recording and analysis of data for the concerns linked to the marketing of goods and services and thereby serve the ABC industry with an excellent market research report. Aluminum Casting Market document presents intelligent solutions to the multifaceted business challenges and instigates an effortless decision-making process.
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The global aluminum casting market is driven factors such as an increase in demand for construction development, rise in investments in building infrastructure, increasing disposable income, technological upgrades, spurring rise in original equipment manufacturers (OEMs), and wide utilization of aluminium castings in automotive sector. However, aluminum casting is an expensive process which in turn may restrain manufacturers with less investment potential to enter into aluminum casting market. On the contrary, increasing acceptance in electronics sector and rapid industrialization in both developed and developing economies are expected to offer remunerative opportunities for expansion of the aluminium casting market during the forecast period. Based on type, the die casting segment accounted for the largest share in 2022, contributing to more than two-fifths of the global aluminum casting market revenue and is expected to rule the roost in terms of revenue throughout the forecast timeframe. The growth of the segment is driven by factors such as increasing disposable income and rise in original equipment manufacturers (OEMs) that led to the significant growth of automotive sector where die casting is used to produce pistons, engine components, and other automotive part. Based on the end user, the building and construction segment accounted for the largest share in 2022, contributing to nearly two-fifths of the global aluminum casting market revenue and is estimated to maintain its leadership status throughout the forecast period. The growth is attributed to increasing population coupled with rapid urbanization which in turn have surged the demand for both residential and commercial facilities where aluminum castings are used for structural support purposes. This may act as one of the key drivers responsible for the growth of the aluminum casting market in the building & construction sector.
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Aluminum casting market analysis
- Chapter 3: Regional analysis of the Dental Microsurgery industry
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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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, Pyrotek, 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 players domestic and regional. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2021?
- Who are the competitive players inAluminum casting market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2021 to 2028?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the Aluminum casting market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on Aluminum casting market?
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