Europe Aluminum Casting Market Size, Major Strategies, Key Companies, Revenue Share Analysis, 2022-2027
Reports and Data estimates the global Aluminum Casting competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2019-2027 as the forecast period. The report offers CAGR and market size for the global Aluminum Casting during the forecast period.
The
report also offers key insights about the top companies operating in the market
and their market share and global position along with product portfolio and
advancements. The top companies in the market include Gibbs
Die Casting Corporation, Ryobi Ltd., Consolidated Metco Inc., Walbro, Alcoa
Corporation, Martinea Honsel Germany GmbH, Aluminum Corporation of China Ltd.,
Alcast Technologies, Dynacast, Bodine Aluminum Inc.
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Aluminum Casting Overview :-
The
Aluminum Casting market is forecasted to grow at a rate of 6.3% from USD 49.30
billion in 2019 to USD 78.02 billion in 2027. The growing use of aluminum in
vehicles is expected to drive the market in the coming years due to high
strength and lightweight. Aluminum through heat treatment can be easily
personalized. Because of their useful characteristics, the automotive sector is
using an aluminum casting method on a full scale. Strong infrastructure
projects are also opening up opportunities for the casting industry in
aluminum. Canned food and drinks are other markets dominated by aluminum
casting. The aluminum cans Quickly chill
and have a highly impressible coating. Home appliances have also been
benefitted from the aluminum properties. Its thermal properties make it
suitable for refrigeration applications, while the lightweight allows easy
movement and transportation of tools.
The
growing use of lightweight materials in various end-user industries will be one
of the leading market trends for casting aluminum that will have an impact on
market growth over the forecast period. Lightweight materials are increasingly
being used in industries such as aerospace and automotive. For many
manufacturers looking to meet the demanding weight reduction targets without
sacrificing on the performance, aluminum is quickly becoming the most preferred
material.
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For the purpose of this report
Reports and Data has segmented global Aluminum Casting market on the basis of
type, application, and region:
Process Type Outlook (Revenue,
USD Billion; 2017-2027)
·
Die Casting
·
Permanent Mold Casting
·
Sand Casting
End-user Outlook (Revenue, USD
Billion; 2017-2027)
·
Transportation
·
Industrial
·
Buildings & Construction
·
Others
Sources Outlook (Revenue, USD
Billion; 2017-2027)
·
Primary
·
Secondary
Key Regional Markets Covered
in the Report:
·
North America (U.S.A., Canada,
Mexico)
·
Europe (Italy, U.K., Germany,
France, Rest of Europe)
·
Asia Pacific (India, China,
Japan, South Korea, Australia, Rest of Asia Pacific)
·
Latin America (Chile, Brazil,
Argentina, Peru, Rest of Latin America)
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Key
Questions answered by the Report:
·
What
is the expected year-on-year growth of the Aluminum Casting during the forecast
period?
·
What
key trends are expected influence revenue growth of the market going ahead?
·
Which
region is expected to account for largest revenue share over the forecast
period?
·
Which
key companies are profiled in the report?
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