Global Automotive Cast Aluminum Market Growth 2023-2029

Global Automotive Cast Aluminum Market Growth 2023-2029

Aluminum die casting alloys are lightweight and possess high dimensional stability for complex part geometries and thin walls. Aluminum withstands good corrosion resistance and mechanical properties as well as high thermal and electrical conductivity, making it a good alloy for die casting. Low-density aluminum metals are essential to the die casting industry.
Automotive industry is at the forefront of this trend looking for effective alternatives to cut down on weight without sacrificing durability, which is under constant pressure to adhere to increasingly strict fuel economy standards. With CAFE standards becoming increasingly stringent, automobile manufacturers have been forced to continually find new ways to increase fuel economy. It has been the primary strategy that manufactures lighter vehicles to improve gas mileage, and the use of aluminum parts that replace steel parts has been the most popular method to reduce vehicle weight. Over time, aluminum has been progressively incorporated into automotive doors, trunks, hoods, and engines. Today, aluminum makes up a much more significant percentage of the vehicle. According to Ducker Worldwide, aluminum is now the leading material used in the manufacturing of engines and wheels in automobiles.
LPI (LP Information)' newest research report, the “Automotive Cast Aluminum Industry Forecast” looks at past sales and reviews total world Automotive Cast Aluminum sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Cast Aluminum sales for 2023 through 2029. With Automotive Cast Aluminum sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Cast Aluminum industry.
This Insight Report provides a comprehensive analysis of the global Automotive Cast Aluminum landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Cast Aluminum portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Cast Aluminum market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Cast Aluminum and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Cast Aluminum.
The global Automotive Cast Aluminum market size is projected to grow from US$ 47020 million in 2022 to US$ 56250 million in 2029; it is expected to grow at a CAGR of 56250 from 2023 to 2029.
Asia-Pacific is the largest global Automotive Cast Aluminum market and accounts for about 55%, while Europe is the second sales of the market for Automotive Cast Aluminum.
In the product, Nemak’s hold the most market share, while Ryobi and Georg Fischer ranked 2 and 3. All of the above occupy nearly 10 percent of the global total.
Aluminum Alloy 319 is dominant in all categories and has a total share of nearly 60%.
In addition, this product is mostly used for Powertrain, followed by Vehicle Structures.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Cast Aluminum market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Aluminum Alloy 319
Aluminum Alloy 383
Aluminum Alloy 356/356P
Others
Segmentation by application
Powertrain
Vehicle Structures
E-Mobility Components
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nemak
Ryobi
Ahresty
Georg Fischer
Guangdong Hongtu
IKD
Wencan
Paisheng Technology
Xusheng

Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Cast Aluminum market?
What factors are driving Automotive Cast Aluminum market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Cast Aluminum market opportunities vary by end market size?
How does Automotive Cast Aluminum break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.