TechNavio's analysts forecast the Global Aluminum Castings market to grow at a CAGR of 9.96 percent over the period 2013-2018. One of the key factors contributing to this market growth is the industrialization and development in the APAC region. The Global Aluminum Castings market has also been witnessing the shift of manufacturing units to emerging countries. However, the increase in energy requirements could pose a challenge to the growth of this market.
TechNavio's report, the Global Aluminum Castings Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA region; it also covers the Global Aluminum Castings market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this space are Alcoa Inc., Ryobi Ltd., Gibbs Die Casting Corp., and Dynacast Inc.
Other vendors mentioned in the report are Alcast Co., Alcoa Howmet Castings, Bodine Aluminum Inc., and Consolidated Metco Inc.
Key questions answered in this report:
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Aluminum casting is a process of solidifying molten aluminum (heated to optimal temperature) in
a mold cavity to obtain products with complex geometries and varied patterns. The resulting
products are used in several sectors such as Transportation, Industrial, Building and Construction.
The Global Aluminum Casting market is driven by several factors, such as the industrialization
and development in the APAC region. Following the recovery from the global economic
recession, many organizations have been expanding their manufacturing operations across the
world. This is especially the case in the APAC region where manufacturers plan to tap the
potential of the rapidly growing market in countries such as China and India. The other major
force driving the market is the renewed focus on the Automotive market.
Despite the presence of several drivers, the growth of the Global Aluminum Casting market is
curtailed by some serious challenges, including the increase in energy requirements for the
production of aluminum castings. Also, the production of aluminum castings requires high initial
investment. Another major drawback is lack of differentiation among cast products and the high
initial investment required for the production of aluminum castings.
The Global Aluminum Casting market is witnessing growth despite the presence of challenges
due to a few trends that are expected to exert a positive influence on the market during the
forecast period. One such trend is the steady shift of manufacturing units to emerging countries.
Further, the adoption of stringent legislations regarding emissions by governments across the
globe is another trend contributing to the growth of the Global Aluminum Casting market.
Alcoa Inc., Dynacast Inc., Gibbs Die Casting Corp., and Ryobi Ltd.