Global Aluminum Casting Market 2020-2024
Technavio has been monitoring the aluminum casting market and it is poised to grow by 6.81 mn MT during 2020-2024, progressing at a CAGR of 6% during the forecast period. Our reports on aluminum casting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing use of aluminum casting in electric vehicles (EV) and an increase in construction activities. In addition, the growing use of aluminum casting in electric vehicles (EV) is anticipated to boost the growth of the market as well.
The aluminum casting market analysis includes the application segment and geographical landscapes.
Technavio's aluminum casting market is segmented as below:
- Heavy machinery and industrial
- Aerospace and defense
By Geographical Landscapes
- North America
- South Africa
This study identifies the stringent regulations for environmental protection as one of the prime reasons driving the aluminum casting market growth during the next few years.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our aluminum casting market covers the following areas:
- Aluminum casting market sizing
- Aluminum casting market forecast
- Aluminum casting market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aluminum casting market vendors that include Alcoa Corp., Aluminum Corp. of China Ltd., Arconic Inc., ATEK Metal Technologies LLC, Endurance Technologies Ltd., Kaiser Aluminum Corp., Koch Industries Inc., NEMAK SAB de CV, Rio Tinto Ltd., and United Company Rusal Plc. Also, the aluminum casting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.