Aluminum Die Casting Market: Moving Towards Brighter Future
Added: (Tue Oct 01 2019)
Die cast aluminium is nothing but a kind of aluminium that are molted under high pressure into the mold cavities. In the process of die casting, metals are hardened and they are molded into the required shapes. They can be produced either with cold chamber process or with the hot chamber process. Global aluminum die casting market is expected to rise to an estimated value of USD 54.2 billion by 2026, registering an substantial CAGR in the forecast period of 2019-2026. Top Manufacturers Covered in the Report: Alcoa Corporation, Walbro, Consolidated Metco, Inc., Dynacast, GIBBS, Ryobi Limited, Aluminum Corporation of China Limited, Martinrea Honsel Germany GmbH, Endurance Technologies Limited, Alcast Technologies, Arconic, TOYOTA MOTOR CORPORATION, Leggett & Platt, Inc. and among others.
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Segmentation: Global Aluminum Die Casting Market
Global Aluminum Die Casting Market By Process (Pressure Die Casting, Others)
Application (Transportation, Industrial, Building & Construction, Telecommunication, Consumer Durables, Energy, Others)
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Competitive Analysis:
Global aluminum die casting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aluminum die casting market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Market Drivers:
- Increasing demand in building and construction sector in Asia-Pacific region is expected to drive the market in the forecast period
- Increase in automation in the die casting industry has seen a surge in productivity; this factor will also propel the market growth in near future
- Technological advancements and innovation; this factor will also drive the market
- Increased use of aluminium die casting for various applications, will also drive the market growth
Market Restraints:
- Environmental policy changes; this factor is expected to restrain the market in the forecast period
- Volatility of aluminum prices, will also restrain the market growth
- Increasing employment of zinc die casting over aluminium zinc die casting; this factor will also restrain the market in near future
Key Developments in the Market:
- In January 2019, Endurance Overseas Srl., a subsidiary of Endurance Technologies has acquired Fonpresmetal Gap SpA, an Italy based aluminum die casting company. With this acquisition, the name of Fonpresmetal has been changed to Endurance Castings SpA. This move will help the company to expand their business in the European region.
- In July 2017, Linamar Corporation a manufacturer of automobile parts, has acquired three companies namely, FVM Technologies, Societe Aveyronnaise de Metallurgie and Alfisa Technologies. All the three acquired companies were the subsidiaries of Groupe Arche. With this acquisition, the company will be able to produce various new products related to the market
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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Submitted by:Sopan Gedam