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Aluminum Casting Market Share

Report ID: GMI5092
Published Date: Aug 2021
Report Format: PDF

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Aluminum Casting Market Share

Key participants in the aluminum casting industry include:

Alcoa Corporation
Ryobi Ltd
Conmet
Dynacast
Hokare Machinery
Aerostar Manufacturing
Rockman
Rajshi Industries
Arconic Inc
WAFCO
Endurance Technologies
CaneKast

The market is highly lucrative, and competitors are looking for ways to minimize their operation costs. Furthermore, aluminum casting manufacturers are adopting several methods to produce desire products effectively by reducing wastage. In May 2021, CaneKast acquired Superior Aluminum Castings, which helped the company to strengthen its foothold in the regional market.

Authors: Kiran Pulidindi, Saurabh Bhalerao

Frequently Asked Questions (FAQ) :

The aluminum casting market share to achieve USD 120 billion by 2027 and will expand at a CAGR of 7.6% from 2021 to 2027.

The die casting process recorded more than 58% of the market revenue in 2020 and will depict lucrative growth due to its easy installation, cost-effectiveness, and smooth finishing.

The overall market revenue from transportation will surpass USD 90 billion through 2027 owing to the extensive deployment of aluminum casting in the automotive industry.

The Asia Pacific aluminum casting industry accounted for over USD 27 billion in 2020 and will grow driven by the surging demand for sports vehicles in the region.