Aluminum Die Casting Market Size, Share & Trends Analysis Report By Application (Transportation, Industrial, Building & Construction), By Production Process, By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the aluminum die casting market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for aluminum die casting market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of aluminum die casting market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Aluminum Die Casting Market Categorization:

The aluminum die casting market was categorized into three segments, namely production process (Pressure Die Casting), application (Transportation, Industrial, Building & Construction, Telecommunication, Consumer Durables, Energy), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The aluminum die casting market was segmented into production process, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The aluminum die casting market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; Mexico; Germany; France; Italy; Russia; the UK.; Turkey; China; India; Japan; South Korea; Brazil; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Aluminum die casting market companies & financials:

The aluminum die casting market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Alcast Technologies , Alcast Technologies was founded in 1966 and is headquartered in Ontario, Canada. The company is a leading manufacturer of aluminum products serving a variety of sectors, including general industries, military, and aerospace applications. In 1994, it was formed as a subsidiary of Saltfleet Aluminum Foundry. The organization has 8 crucible furnaces with a holding capacity of 11,000 lbs. It has an hourly melting capacity of 6,000 lbs. The company's foundry specializes in manufacturing aluminum castings ranging in size from a few ounces to 400 lbs. The casting products are mainly used in medical devices, pump housings, light fixtures, and electronics. It is an ISO 9001:2008 certified manufacturer of aluminum casting. The company owns a full-service foundry, which uses aluminum casting methods such as permanent mold casting and die casting. It also offers vertically integrated services, including heat treating, machining, and finishing. The company's products cater to applications such as consumer and medical wearable electronics, Internet of Things (IoT), wireless toys, and transportation.

• BUVO Castings , BUVO Castings was founded in 1980 and is headquartered in Helmond, Netherlands. It manufactures cast products and uses a high-pressure die-casting process. The company develops and produces tools in its own tool shop. The company's total operational area is nearly 16,500 square meters. The company focuses mainly on aluminum high-pressure die castings and is one of the reputed suppliers in the European market. Key industries served by the company include automotive, oil and gas, telecom, and medical. The company has 15 modern die casting machines with forces ranging from 250 tons to 1,000 tons. 14 of these machines have shot control technology, which ensures a high degree of quality and reliability. Key automotive customers of the company include Skoda, Opel, Volkswagen, Chevrolet, SEAT, Dacia, Volvo, Mercedes Benz, Audi, Mazda, and BMW. Its telecom customers include Nokia Solutions, Networks, Ericsson, and Kathrein. As of December 2020, it employed over 200 personnel.

• Chongqing CHAL Precision Aluminium Co., Ltd. , Chongqing CHAL Precision Aluminium Co., Ltd. was founded in 1991 and is headquartered in Jiulongpo, Chongqing, China. The company is integrated across the value chain and provides all types of products and solutions related to aluminum. Its products include aluminum profiles, tubes, wire, plates, sheets, strips, foil, forgings, and die castings. Its products are catered to various industries, including automotive, construction, HVAC, agriculture, furniture, electronics, aviation, railways, and marine.

• The company has a presence in over 40 countries with more than 1,200 domestic and international customers. It is amongst the leading aluminum manufacturers in China. It has 6 manufacturing bases in 5 provinces, along with 5 R&D centers and over 200 patents. Its annual investment in R&D is around RMB 220,000,000 (~USD 34,395,420.40). Its annual production capacity is 320 kilotons. It employs over 4,000 personnel.

• Consolidated Metco, Inc. , Consolidated Metco, Inc., also known as ConMet, is a manufacturer of aluminum casting components for commercial vehicle industry. The company is headquartered in Vancouver, Washington, U.S., and employed more than 17,000 personnel as of December 2020. It was founded in 1964 and has 13 manufacturing facilities in China, the U.S., and Mexico. The company offers designing, engineering, and manufacturing of aluminum castings and plastic components, primarily used in the production of heavy trucks. It offers aluminum die castings, aluminum low-pressure castings, and permanent mold. The company also provides training and support services. The aluminum die casting segment has 22 fully automated die cast cells with 450 tons to 800 tons. The company also has 12 precision CNC turning and milling centers. The die casting facility of the firm is located in Clackamas, Oregon. ConMet services are divided into three divisions, namely OEM, aftermarket, and innovation. It operates as a subsidiary of Amsted Industries. Amsted is transportation components manufacturing company and caters its products to various industries including construction, automotive, heavy-duty vehicles, and general industrial markets. Amsted has 45 manufacturing facilities in 11 countries.

• Dynacast , Dynacast was incorporated in 1936 and is headquartered in North Carolina, U.S. The company is one of the global manufacturers of precision-engineered components. It provides metal casting solutions to many industries, including automotive, consumer electronics, and healthcare, with the use of novel die-cast and metal molding technologies. The company offers specialty die casting components, which include various metals such as aluminum, gold, zinc, and nickel. It provides metal injection molding products, including low alloy steel, stainless steel, and copper alloys. The company also assists buyers with designing, testing, and manufacturing die-cast tools. It has 21 manufacturing facilities in 16 North America, Europe, and Asia countries. The company operates as a subsidiary of Partners Group, which is a leading manufacturer of precision-engineered components

• Endurance Technologies Limited , Endurance Technologies Limited was founded in 1985 and is headquartered in Aurangabad, Maharashtra, India. The company is engaged in the manufacturing of aluminum die castings. It offers aluminum die-cast products such as alloy wheels, transmission, suspension, and brake systems. The company is also a solutions provider and offers services from design to aftermarket. It has achieved 11 patents in India. The company is a leading manufacturer of automotive components. In India, the company produces aluminum die cast and machined components including aluminum alloy wheels for motorcycles for the 2, 3, and 4-wheeler application segment. For the 2 and 3-wheeler application segment, it produces suspension components and assemblies, transmission components and assemblies, and braking systems. The company's overseas operations are segregated into 4-wheelers, 2-wheelers, and automobile & other industries application segments. For the 4-wheelers segment, its operations include manufacturing aluminum die cast and machining of suspension & body parts, engine parts, & transmission parts and assembly of other metallic components like cast iron and steel. For the 2- wheelers segment, the company produces transmission components and for automobile & other industries, it has engineered plastic components.

• FAIST Group , FAIST Group was founded in 1978 and is headquartered in London, UK. The company manufactures components and assemblies for a wide range of industries. It provides its product offerings through 32 operational sites globally and 5 business units, which are industrial, controls and propulsion systems, light metals, truck bodies, and electronics. Aluminum die casting is provided through its industrial and light metals business units. The company provides various services and processes such as design, prototyping, tooling, metal stamping, high pressure die casting, plastic injection molding, CNC technologies, and surface finishing, among others. It provides its products to various end-use industries such as automotive, telecommunication, renewable energy, electronics and energy storage, and consumer goods. As of December 2020, the company employs more than 4,000 personnel.

• GF Casting Solutions , GF Casting Solutions is one of Georg Fischer AG's divisions. Georg Fischer AG was founded in 1802 and is headquartered in Schaffhausen, Switzerland. The group employed 14,118 personnel as of 2020. The Other two group divisions are GF Piping Systems and GF Machining Solutions. GF Casting Solutions is a manufacturer of lightweight casting products for various industries. The company focuses on light metal components in mobility and energy industries. It has set high standards for high pressure die casting components with 100 die casting cells and closing forces ranging from 200 tons to 400 tons. The company provides magnesium and aluminum high-pressure die casting, iron casting, additive manufacturing, and precision casting. It provides structural parts, powertrain, e-mobility components, and industrial applications. Its six market segments are light vehicles, commercial vehicles, off-highway, aerospace, energy, and industrial applications. The company has 13 production sites in Germany, Austria, Romania, Switzerland, China, and the U.S. Its R&D centers with globally recognized lightweight and bionic design expertise are located in Schaffhausen, Switzerland and Suzhou, China. The company employed 3,919 personnel as of 2020.

• GIBBS , GIBBS was founded in 1965 and is headquartered in Henderson, Kentucky, U.S. The company is a manufacturer of aluminum die-cast components. It is the second largest subsidiary of Koch Enterprises. The company operates through four product segments, namely die casting, tool and die, engineering, and machining. It specializes in high-density and complex aluminum die castings, which are used in high-end automotive components. The company provides both vertical and horizontal high pressure die casting processes with a pressure range from 850T to 2,000T. Its production facilities consist of three machining plants and a die-cast building facility. The company owns 36 die casting machines globally. Manufacturing facilities of the company are located in Hungary, China, and Brazil. The company caters its products to various industries including lawn and garden, automotive, alternative energy, appliance, furniture, and small engine. Some of the company's clients include Ford, Honda, General Motors, Fiat Chrysler Automobiles, YUSA, and Allison Transmission. It employs approximately 1,300 personnel, as of December 2020.

• Martinrea Honsel Germany GmbH , Martinrea Honsel Germany GmbH was founded in 1908 and is headquartered in Meschede, Germany. The company is a subsidiary of Martinrea International Inc. It is a German company specializing in high-pressure die casting, sand casting, permanent mold, rolling, and machining. Earlier known as HONSEL AG, it was renamed to its present name in August 2011. The company offers diverse products, including aluminum engine blocks, chassis, transmission housings, and body components for trucks and cars. It also manufactures full, semi, and hollow profiles for industrial applications and aluminum plates and coils for mechanical engineering, consumer goods, tool making, and trading sectors. The company has 11 plants in Germany, Spain, Brazil, Mexico, and China. It provides its product offerings through technologies such as high pressure die casting, low pressure die casting, permanent mold, sand casting, machining, and assembly plate & coil rolling. Principal application industries the company serves are automotive, industrial, tool making, plant engineering, consumer goods, and trading sectors. The company operates as a subsidiary of Martinrea International Inc. Customers of the company include Daimler, Ford, BMW, General Motors, Jaguar Land Rover, and Volvo. As of December 2020, it employs more than 3,500 personnel.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Aluminum Die Casting Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Aluminum Die Casting Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.