Aluminum Casting Market Size - By Processes: (Die Casting, Permanent Mold Casting, Others); By Application: (Transportation, Industrial, Building & Construction, Others) and by Region: Global & Forecast, 2024-2033

  • 2023-12-18
  • 214
  • Chemicals & Materials

Market Overview

Aluminum Casting Market Size is projected to achieve a value of USD 94.34 Billion in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 148.87 Billion by 2033 with a CAGR of 5.33% during the forecast period 2024-2033.


SOURCE: We Market Research

Aluminum casting refers to the process of creating solid objects by pouring molten aluminum into a mold and allowing it to cool and solidify. This method is widely used in the manufacturing industry to produce a variety of aluminum components with complex shapes and structures. Aluminum casting is particularly popular due to the favorable properties of aluminum, such as its lightweight nature, corrosion resistance, and good mechanical properties.

Aluminum is a lightweight metal with good strength, making it ideal for applications where weight is a critical factor, such as in the aerospace and automotive industries. Aluminum is relatively easy to machine, making it suitable for complex shapes and intricate details. Aluminum naturally forms a protective oxide layer that makes it resistant to corrosion. Aluminum is a good conductor of electricity, making it suitable for electrical applications.

Aluminum casting is used in various industries, including automotive, aerospace, construction, and consumer goods manufacturing. It allows for cost-effective mass production of intricate and lightweight components, making it a crucial manufacturing process in modern industry.

Market Scope

Report Attributes


Market Size in 2023

USD 94.34 Billion

Market Forecast in 2033

USD 148.87 Billion

CAGR % 2024-2033


Base Year


Historic Data


Forecast Period


Report USP


Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Key Growth Drivers

The automotive industry is a major consumer of aluminum castings, particularly for components such as engine blocks, cylinder heads, transmission housings, and structural parts. The push for lightweight materials to improve fuel efficiency and reduce emissions has driven the demand for aluminum castings in this sector.

The construction industry uses aluminum castings for a range of applications, including structural components, window frames, and architectural elements. Growth in the construction sector, particularly in emerging markets, contributes to the demand for aluminum castings.

Aluminum castings are used in the production of components for renewable energy projects, such as wind turbines and solar power systems. As the focus on renewable energy continues to grow, so does the demand for aluminum castings in this sector.

Segments Covered

By Process, By Application and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Aluminum Casting Industry: Drivers & Restrains

Market Drivers

Increasing Demand for Lightweight Vehicles - The automotive industry is experiencing a revolutionary shift towards lightweighting, driven by stringent fuel efficiency regulations, environmental concerns, and consumer demand for performance and driving dynamics. This trend is directly boosting the aluminum casting market, as aluminum offers significant advantages over traditional materials like steel. Aluminum is 30-40% lighter than steel, making it the ideal material for reducing vehicle weight. This weight reduction translates to improved fuel economy by lowering rolling resistance and reducing the energy required to move the vehicle. Lighter vehicles also emit fewer greenhouse gases, aligning with stricter emission regulations and growing environmental consciousness. For instance, Ford's F-150 pickup truck, a traditionally steel-heavy vehicle, has seen a significant weight reduction in its latest models through increased aluminum usage. This resulted in a 700-pound lighter body and a 11% fuel economy improvement

Growth in the Aerospace Industry - The aerospace industry, always pushing the boundaries of technology and efficiency, is experiencing a significant growth spurt. This upward trajectory is directly impacting the aluminum casting market, as aluminum becomes the material of choice for building lighter, stronger, and more fuel-efficient aircraft. Fuel efficiency is paramount in the aerospace industry, directly impacting operating costs and environmental impact. Aluminum's high strength-to-weight ratio makes it ideal for replacing heavier materials like steel and titanium, leading to significant weight savings. This translates to increased range, payload capacity, and fuel efficiency, making airlines more competitive and environmentally responsible. For Instance, Airbus A350 XWB and Boeing 787 Dreamliner are prime examples of this trend. Both aircraft utilize extensive aluminum castings in their wings, fuselages, and landing gear, achieving significant weight reductions compared to their predecessors. The global passenger air travel market is expected to experience significant growth in the coming years, driven by rising disposable incomes and increased urbanization, especially in developing economies. This translates to a surge in demand for new aircraft, further boosting the need for aluminum castings in their construction. For instance, Boeing and Airbus are ramping up production of their popular fuel-efficient aircraft models to meet the rising demand from airlines worldwide. This translates to increased usage of aluminum castings in these aircraft, driving the market growth.

Market Restrains

Fluctuations in raw material costs - Setting up the infrastructure for aluminum casting, especially in processes like die casting, involves high initial costs for molds, dies, and other equipment. This cost factor can be a barrier for manufacturers. Aluminum casting processes, especially advanced methods like die casting, require specialized molds, dies, and equipment for melting and casting the metal. These tools and equipment have high upfront costs.

The capital-intensive nature of aluminum casting creates a barrier to entry for smaller manufacturers or new entrants in the market. The need for substantial investment in infrastructure can limit the number of players in the industry. The high initial tooling and equipment costs contribute significantly to the overall cost structure of aluminum casting. Manufacturers must factor in these costs when determining pricing strategies. The competitive nature of the manufacturing industry, combined with cost sensitivity among customers, can limit the ability of manufacturers to pass on these high initial costs to consumers. This impacts profit margins and competitiveness in the market.

Aluminum Casting Segmentation

Market- By Process Analysis

By Process, the Aluminum Casting Market is Categories into Die Casting, Permanent Mold Casting, Others. The Die Casting segment accounts for the largest share of around 45% in 2022.

Die casting is expected to maintain its lead due to its efficiency and suitability for mass production. However, advancements in other processes like permanent mold casting with rapid mold tooling could increase their share. The following segments are part of an in-depth analysis of the global market for Aluminum Casting:

Market Segments


By  Application

·         Transportation

·         Industrial

·         Building & construction

·         Others

Aluminum Casting Industry: Regional Analysis

APAC Market Forecasts

Asia Pacific region is expected to hold the largest share within aluminum casting market, accounting for around 55% of the global market in 2023 and projected to maintain its dominance throughout the forecast period. Within this region, China and India are the key players. Booming manufacturing sectors in China and India, rising demand in automotive and construction industries. 

North America Market Forecast

Regions like North America and Europe have established infrastructure and mature automotive industries, making them prime candidates for steady growth in the casting market. The US remains a strong player, but challenges like rising production costs are impacting growth.

Europe Market Statistics

Germany and Italy are important markets, but economic uncertainties dampen growth prospects.

Latin America Forecast

LAMEA is the smallest market, but presents potential for future growth due to rising urbanization and industrial development. Countries like Brazil, Mexico, and Turkey are showing promising growth due to expanding industrial bases.

Competitive Analysis

The Aluminum Casting Market is dominated by a few large companies, such as

·         Alcoa Corporation

·         Arconic Inc.

·         Nemak

·         Ryobi Limited

·         Consolidated Metco (ConMet)

·         Endurance Technologies Limited

·         Dynacast

·         Gibbs Die Casting Corporation

·         Martinrea Honsel

·         Rheinmetall Automotive AG

·         Walker Die Casting

·         Bodine Aluminum, Inc.

·         Rockman Industries Limited

·         Chicago White Metal Casting, Inc.

·         Mino Industry USA, Inc.

·         Aluminum Precision Products, Inc. (APP)

·         CAF - Compagnie d'Aluminium Français

·         Rajshi Industries

·         Pace Industries

·         China Hongqiao Group Limited

·         Others

There are some of the key trends that are shaping the competitive landscape of the Aluminum Casting Market.

·         Nemak acquires Hayes Lemmerz International for $2.4 billion. This major deal in February 2023 bolsters Nemak's position as a leading global supplier of lightweight automotive components. Hayes Lemmerz specializes in aluminum wheel structures, complementing Nemak's existing portfolio of engine blocks and other powertrain components.

·         Consolidated Metco acquires assets of Texas Aluminum Products in July 2023 to expands Consolidated Metco's footprint in the United States, particularly in the aerospace and defense sectors. Texas Aluminum Products has a strong reputation for high-quality aluminum castings used in aircraft and military vehicles.

·         Bodine Aluminum partners with Siemens for digitalization of casting processes. This collaboration aims to leverage Siemens' MindSphere industrial IoT platform to optimize Bodine's production processes and improve efficiency. The focus is on data-driven insights for reduced waste, improved casting quality, and enhanced predictive maintenance.

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Aluminum Casting Market in 2023?

Aluminum Casting Market was valued at USD 94.34 Billion in 2023.

What is the growth rate for the Aluminum Casting Market?

Aluminum Casting Market size will increase at approximate CAGR of 5.33% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Aluminum Casting Market are Alcoa Corporation, Aluminum Corporation of China Limited, Ryobi Limited, Bodine Aluminum, BUVO Castings among others.

Which region dominates the Aluminum Casting Market?

Asia Pacific dominates the market with an active share of 55%.


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