Mounting Demand from End-Use Industries to Drive Growth in the Global Aluminum Die-Castings Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Aluminum Die-Castings markets. The global market for Aluminum Die-Castings is forecast to reach 25.4 billion pounds (lbs.) by the year 2018, buoyed by rising demand from various end-use industries, most noticeably, automotive and industrial. Preference for light-weight metal components has triggered growth in the usage of Aluminum Die-Castings in the automotive sector. Notwithstanding erratic demand patterns on account of global economic slowdown, future market expansion will be led by rapidly developing markets of Asia-Pacific and Latin America.

Aluminum Die-Castings: A Global Strategic Business Report

Follow us on LinkedIn – The rising strength of aluminum die-castings in recent years is mostly traceable to the automotive industry, which has experienced considerable growth in sales of cars and light-duty trucks. These motor vehicles witnessed a significant increase in use of components such as die-castings made of aluminum. Aluminum die-castings is one of the most lucrative markets in the world with hundreds of large, medium and small as well as mini players engaged in manufacturing an exhaustive range of products for use in a wide gamut of applications ranging from day-to-day house hold needs to heavy industrial applications. High technology applications in die-castings manufacturing processes are also ensuring steady growth for the market.

Aluminum is emerging as the most preferred material in the metal die-casting industry, owing to a host of advantages it offers as compared to other traditionally used materials. Automobile industry, the largest user of cast and die cast aluminum products, is likely to continue to increase its use of aluminum, primarily owing to the growing popularity of light weight engineering components and rising need for fuel efficient automobiles. The trend towards lighter automobiles has led to an increasing number of motor vehicle manufacturers replacing iron and steel parts with aluminum and magnesium parts. Resulting from ever increasing use of light-weight metal components in the automotive sector, demand for aluminum die-castings is on a high note. Asia-Pacific and Latin America are the fastest growing markets for aluminum die castings, due to growing economic activity, especially in the Automotive/Internal Combustion Engines end-use market.

Demand in developed economies of North America and Western Europe is forecast to depict a slowdown as a result of saturating ownership rates, but will be compensated by opportunities offered by mass motorization in developing countries. This consequently would augur well for the aluminum die-castings market in such regions, as growing demand for automobiles would translate into growing consumption of such castings. In addition to strong demand/consumption patterns, increasing importance of China and India as favorable destinations for outsourced automotive manufacturing activities will also help beef up the region’s manufacturing prowess. With robust economic growth and huge market potential, the emerging economies of Asia-Pacific, Latin America and Middle East are slated to display the strongest growth as against the mature economies of US, Europe and Japan.

Aluminum castings are considered an excellent choice, particularly when strength coupled with lightweight attribute is preferred. Newer applications of aluminum are emerging, particularly in areas of infrastructure development such as bridges, oilrigs and fast ferries. Growth in the near term would be attributable to continued penetration of aluminum as a substitute for other materials in components such engine blocks, steering knuckles, engine oil pans, and wheels. Overall, growth in demand for aluminum in automotive industry is forecast to increase at a rapid pace. This growth would be driven by efforts to reduce weight of cars by auto manufacturers, and increasing vehicle production, particularly in emerging markets. Over the longer term, growth in aluminum market could become explosive as auto manufacturers begin to use the metal for the body structure of mass-produced automobiles.

Spurred by rapid industrialization in China and India, Asia-Pacific stands tall as the largest and fastest growing region worldwide, as stated by the new market research report on Aluminum Die-Castings. Europe, which led the global automotive market in terms of production until 2008 has now given way to Asia-Pacific, which is currently the leading automobile producer worldwide. The newly emerging empowered middle class remained Asia’s forte in the recent years and is likely to constitute the most important consumer class for the global automobile industry in the future. In the metal casting industry, abundant availability of raw material and low labor wages continue to be major growth drivers. The aluminum die-casting market has been on a steady uptrend in recent years, thanks to the country’s automobile industry that has been growing at a phenomenal rate. In the given scenario, Asia-Pacific market is slated to race ahead at the overall fastest growth rate of 9.4% through 2018.

Key players in the marketplace include Alcast Company, Alcoa Howmet Castings, Bodine Aluminum, Inc., Consolidated Metco Inc., Dynacast, Inc., Gibbs Die Casting Corp., Martinrea Honsel Germany GmbH, Pace Industries, Inc., Revstone Industries, LLC, Rochester Aluminum Smelting Canada Ltd., Ryobi Limited and Shanghai Cosmopolitan Automobile Accessory Co., Ltd., among others.

The research report titled "Aluminum Die-Castings: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activity, product introductions/innovations and profiles of major companies worldwide. The report provides market estimates and projections in unit terms ( pound lbs.) for key end-use segments including Automotive/Internal Combustion Engines; Industrial, Commercial & Defense; Consumer OEMs and Computers and Telecommunications. Geographic markets analyzed in the report include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia Pacific, Middle East, and Latin America.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Aluminum_Die_Castings_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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