Aluminum Casting Market Analysis

Aluminum Casting Market Analysis

The die casting process accounted for over 58% share of the global aluminum casting market revenue in 2020. Die casting allows high-volume production of automotive parts, such as engines, gears, cylinders, flywheels, etc., due to its cost-effectiveness, easy installation, and smooth finishing. Aluminum die casting significantly lowers vehicle weight, thus offering higher acceleration and better handling possibilities. It can also be installed in the crumple zones of the vehicles to enhance safety features without increasing its weight.
 

Transportation segment will exceed USD 90 billion in aluminum casting market by 2027. Aluminum lightweight materials replace heavy metal parts of rail and road transport systems owing to their high dimensional stability and excellent electrical conductivity. Motorcycle parts, such as engine covers & brackets, are produced through the sand-casting process.
 

Widespread use of aluminum casting in the automotive industry for exterior and interior applications is likely to boost the market share over the study timeframe. Furthermore, 75% - 80% of modern aircraft is made up of these materials. Strict CO₂ emission laws across the globe along with customer preferences for fuel-efficient vehicles will propel the aluminum casting market growth in the near future.
 

Asia Pacific accounted for more than USD 27 billion in 2020. Countries including China, India, Indonesia, South Korea, and Japan are continuously investing to promote electric vehicles in the region. China plays an important role in the regional market share due to the strong presence of local and international OEMs. The rising demand for sports vehicles across the region will positively influence the aluminum casting market sales. Moreover, cheap labor, technically advanced production facilities, and favorable government policies including FDI will gradually propel product demand in the coming years.