Aluminum Castings Market

Aluminum Castings Market By Process (Die Casting, Permanent Mold Casting), By End Use (Transportation, Industrial, Building & Construction), and Region - Global Market Insights 2023 to 2033

Analysis of Aluminum Castings Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Aluminum Castings Market Outlook (2023 to 2033)

The global aluminum castings market stands at a valuation of US$ 93.5 billion in 2023 and is forecasted to climb to US$ 171 billion by the end of 2033. This Fact.MR research report predicts global demand for aluminum castings to increase at a healthy CAGR of 6.2% over the next ten years.

Aluminum castings are widely used in several industrial and commercial applications owing to their high strength and low weight characteristics. The surging use of aluminum in the automotive industry is projected to primarily bolster sales of aluminum castings over the next ten years.

Implementation of strict emission regulations for vehicles by different governments around the world is bolstering focus on weight reduction of vehicles, which in turn, is expected to boost shipments of aluminum castings in the automotive industry through 2033. Surging sales of electric vehicles are also promoting the demand for lightweight components.

Automotive companies are adopting large aluminum castings/mega castings in their vehicle structure to reduce production costs and vehicle weight, which could benefit market development over the coming years.

  • Rio Tinto, a multinational mining and metals company, partnered with Comptech, an R&D-focused supplier of casting equipment to bring a new generation of advanced aluminum alloys to the market for advanced applications such as electric vehicles and 5G antennas.

Rising disposable income, changing environmental conditions, growing investments in infrastructure development, and rapid industrialization are other aspects that could promulgate aluminum casting sales going forward. However, high initial investments required to manufacture aluminum castings are projected to be a major challenge for incoming aluminum casting companies throughout the forecast period and beyond.

Contrastingly, growing availability of alternative materials and increasing adoption of the same by different industry verticals are expected to be major restraints for market development in the long run. The implementation of stringent mandates to curb emissions caused by casting processes is also predicted to obstruct aluminum casting demand over the next ten years.

Report Attributes


Aluminum Castings Market Size (2023)

US$ 93.5 Billion

Projected Market Value (2033F)

US$ 171 Billion

Global Market Growth Rate (2023 to 2033)

6.2% CAGR

Market Share of Die Casting (2023)


Asia Pacific Market Share (2023)


Key Companies Profiled

  • WalbroAlcoa Corporation
  • Consolidated Metco Inc.
  • Ryobi Ltd.
  • Bodine Aluminum Inc.
  • Martinrea Honsel Germany GmbH
  • Dynacast
  • Aluminum Corporation of China Limited
  • Gibbs Die Casting Corporation
  • Alcast Technologies
  • Endurance Technologies Limited

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How Can New Companies Flourish in This Market?

“Ingenious Approach towards Metal Casting - Vital Ingredient to Be Successful”

Aspiring aluminum casting vendors are focusing on developing new and advanced technological processes and solutions to revolutionize metal casting and metal working processes in different applications. New companies are integrating advanced technologies and creating innovative aluminum casting approaches that are sustainable and have a low environmental impact.

  • Tvarit, an industrial AI (artificial intelligence) start-up based in Germany, is focusing on optimizing the metal casting process. The company helps save up to 18% on energy costs and also lowers wastage in the process to ensure maximum profitability and sustainability. In April 2023, the start-up announced that it had raised around US$ 5.4 million in a funding round led by Futury Capital and Momenta.
  • In December 2021, Foundry Lab, a new company based in Wellington, announced that it had raised US$ 8 million that was intended to be used to develop its metal casting prototype business. The company uses its proprietary microwave casting technology to enable same-day turnaround of metal castings.

Incoming aluminum casting companies are also focusing on collaborations, partnerships, and mergers to expand their business scope and increase their market share in the global landscape.

  • Seurat Technologies, a start-up founded in 2015 and focusing on next-generation manufacturing innovation is working with automotive giants such as Porsche and GM to decarbonize conventional metal casting processes. The company aims to revolutionize 3D printing technology through the use of metals and reduce emissions that are caused by metalworking and casting processes.

Additional information on new developments by start-ups and their impact on supply chain management, pricing trends, and safety regulations along with other trends has been mentioned in this latest aluminum castings market research study by Fact.MR, a market research and competitive intelligence provider.

Aluminum castings market forecast by Fact.MR

Country-wise Insights

Which Countries Should Aluminum Casting Manufacturers Target in APAC?

“China & India – Setting the Tone for Market Growth”

China and India have been emerging as popular manufacturing hubs in the Asia Pacific region and the countries have gained immense popularity for their manufacturing capabilities on a global stage as well. Supportive government initiatives to promote manufacturing activity, low costs of labor and raw materials, and rapid industrialization are key prospects that are slated to boost demand for metal machining and metal casting operations in the aforementioned countries.

Increasing automotive production, high investments in infrastructure development, and growing foreign direct investments (FDI) are other factors that are projected to boost shipments of aluminum castings in Asian countries going forward. Japan is also predicted to be a key market in the Asian region owing to the presence of key automotive and metal manufacturing companies.

  • In June 2022, a joint development accord including three companies – Mitsubishi Corporation RtM Japan Ltd. (RtMJ), NanoAL, and Nikkei MC Aluminium Co. Ltd. was signed. The partnership was focused on the commercialization and development of high-pressure die casting aluminum alloys for several emerging industrial applications.

Why Should Aluminum Casting Companies Invest in Europe?

“Burgeoning Demand for Lightweight Vehicles”

The imminent threat of global warming and climate change has led to an increased focus on sustainability in European countries, which has resulted in the implementation of stringent norms to reduce the harmful impact on the environment of human activities. European countries are also imposing strict mandates for vehicle emissions, which is projected to boost the demand for aluminum components in the automotive industry as the focus on reduction of weight reduction increases.

The presence of key automotive manufacturers such as Volkswagen, BMW, Audi, etc. is also a vital prospect that is projected to bolster sales of aluminum castings in countries such as Germany, Italy, France, and the United Kingdom in the future. Moreover, the surging use of aluminum in the expanding manufacturing industry in Europe is also projected to uplift sales of aluminum bars and aluminum extrusions over the next ten years.

Will the United States Be a Lucrative Market Going Forward?

“Presence of High-value End-use Industries Offering Moneymaking Scope”

The United States is home to some of the prominent industries and leading manufacturers in the world, which is a prime factor that augments shipments of aluminum castings in the country over the coming years. Surging demand for aluminum castings from different industries is attracting international aluminum casting providers to set up production facilities in the United States to improve their revenue generation capacity and presence in the North American regional marketplace.

  • In August 2022, Norsk Hydro ASA, a leading Norway-based aluminum producer, announced that it had plans to invest US$ 51.3 million to expand the recycling capabilities of its plant in Cressona, Pennsylvania, United States. The company had also previously announced other expansion plans in the United States.

High investments in the aerospace and defense industry, growing demand for lightweight vehicles, and supportive government initiatives to promote local company growth are also expected to favor market growth in the country across the forecast period. Changing economic and trade conditions are also expected to influence aluminum casting demand in the United States.

The imposition of heavy duties on imported aluminum from certain countries is expected to create uncertainty in the United States market landscape but could also create some unexpected opportunities that established as well as incoming aluminum casting companies could capitalize on.

  • In February 2023, the president of the United States, Joe Biden, announced the imposition of an additional 200% ad valorem tariff on Russian-origin aluminum and aluminum articles.

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Category-wise Insights

Which Process is Widely Used for Casting Aluminum?

“Die Casting Process Extensively Used in Majority of Industries”

Based on process, the market for aluminum castings is segmented into die casting, permanent mold casting, and others.

  • Die casting accounts for more than 1/2 share of the global aluminum castings industry landscape at present.

The die casting process is used to manufacture different types of automotive components such as flywheels, cylinders, engine blocks, etc. Surging automotive production and rising sales of vehicles around the world are projected to contribute to a higher share of die casting process in the global landscape through 2033. The low cost of the aluminum die casting process is also a key prospect that will bolster demand in this segment over the coming years.

Aluminum die casting is further bifurcated into pressure aluminum die casting and others. Pressure die casting offers a smooth finish, high mechanical strength, tight dimension tolerance, and easy cavity filling, which are characteristic properties that are promoting the adoption of this process in different industry verticals.

Competitive Landscape

Key aluminum casting providers are focusing on increasing their investments in research and development to meet evolving demands from different industry verticals. Top-tier aluminum castings manufacturers are also expected to adopt strategies such as mergers and acquisitions to improve their market presence and gain a competitive edge over other market players.

  • In November 2021, Pace Industries, a leading provider of die casting and engineering services, announced the acquisition of a high-pressure die casting facility from Metal Technologies of Indiana. The Jackson Die Cast facility acquisition allowed Pace to expand its operations and grow its customer base in the United States.
  • In February 2020, Tesla, a leading American electric vehicle company, revealed that it had invested in the manufacturing of new aluminum alloys for die casting electric vehicle parts and still maintain high conductivity and high-yield strength. A new Tesla patent revealed the aforementioned information.

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Key Segments of Aluminum Castings Industry Research

  • By Process :

    • Die Casting
      • Pressure Die Casting
      • Others
    • Permanent Mold Casting
    • Others
  • By End Use :

    • Transportation
    • Industrial
    • Building & Construction
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

How big is the aluminum castings market in 2023?

In 2023, the global aluminum castings market accounts for a valuation of US$ 93.5 billion.

What is the projected market value for 2033?

Sales of aluminum castings are set to attain a revenue value of US$ 171 billion by 2033-end.

What is the aluminum castings market predicted growth?

Worldwide aluminum casting demand is forecasted to rise at 6.2% CAGR from 2023 to 2033.

What are the market dynamics for different types of aluminum castings?

Die casting is projected to account for a commanding share of the global market throughout the forecast period.

Who are the major manufacturers in the aluminum castings market?

WalbroAlcoa Corporation, Consolidated Metco Inc., Ryobi Ltd., Bodine Aluminum Inc., and Dynacast are leading aluminum casting manufacturers.

Aluminum Castings Market

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