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North America Aluminum Die Casting Market

North America Aluminum Die Casting Market Size Worth USD 7.87 Billion, by 2030 at 5.85% CAGR

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Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
5.85 %

The North America Aluminum die casting market size is expected to reach a valuation of USD 7.87 billion by 2030, growing at a CAGR of 5.85% during the forecast period (2022–2030). Aluminium can be formed in a variety of ways, but Aluminum die casting is one of the most prevalent possibilities that designers think about using.

Many automotive, industrial, and telecommunications products are made using Aluminum die casting. Additionally, it is frequently utilised in the production of components for electrical, hydraulic, and lighting systems.

The production of intricate aluminium components is made possible using a metal-forming technique known as Aluminum die casting. After being heated to extremely high temperatures, ingots of aluminium alloy are melted down completely.

A large amount of pressure is applied before injecting liquid aluminium into the cavity of a steel die, which is also referred to as a mould. The cast aluminium component is revealed when the two sides of the die are separated after the liquid aluminium has cooled and hardened. The die is composed of two halves.

The aluminium product that you get as a result of this technique is very accurately shaped, has a smooth surface, and frequently requires very little or no machining at all. Because steel dies are used in Aluminum die casting, the process may be repeated several times using the same mould before it begins to deteriorate. As a result, Aluminum die casting is excellent for the manufacturing of aluminium components in large quantities.

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Market Overview

Drivers

The expansion of the construction industry

Rising disposable incomes and growing environmental concerns have pushed the aluminium market, particularly in developing economies, to die casting in the construction sector. This casting technology has gained popularity in recent years for the production of products such as windows, cladding, curtain coverings, and fittings. The rapid rise of Aluminum die casting is primarily due to the expansion of the construction sector.

Construction was regarded as an essential service in many parts of the United States. As a result, overall construction spending in the United States increased in 2020, which was a very encouraging development in the pandemic. To some extent, this accelerated aluminium demand. As more building owners choose to deconstruct rather than demolish old or obsolete structures, the ability to recycle aluminium products becomes increasingly important. Construction activities have a lower environmental impact when recyclable elements are extracted from buildings. As a result, as the construction industry expands, demand for Aluminum die casting is expected to rise over the forecast period.

Restraints

These are some of the restraints which can reduce the market growth for Aluminum die casting

The Cost of Aluminium in Relation to the Cost of Steel

If you are engaged in the construction of a sizable structure, you will want to find ways to cut costs everywhere you can. Aluminium, on the other hand, is a more expensive material than some of the alternatives, such as steel. Because it cannot withstand the same amount of stress as steel, more of it is necessary to ensure that the structure's strength is viable, which means that utilising it in some designs may result in an increase in the overall cost of the project.

A Welding Process That Is Both Expensive and Time-Consuming

When working with aluminium in the construction industry, it is welded in a manner that is distinct from that of steel. To successfully weld aluminium, specialised techniques must be used. These processes are not only more expensive and time-consuming than comparable alternatives, but they also produce more waste.

Overall strength in Comparison to Steel

Aluminium is recognised for its malleable capabilities; yet, this particular property of aluminium can also work as a negative in some circumstances. In compared to steel, it is easier to scratch and damage the surface of this material. Steel is incredibly durable and has a low propensity to warp, deform, or bend when subjected to weight, force, or heat.

Segmentation Overview

The North America Aluminum die casting market has been segmented by process and end use.

The Aluminum die casting market has been divided into pressure die casting and others based on the process. The market is expected to be dominated by the pressure die casting process segment.

Pressure die casting has many advantages, including improved quality, long service life, high reliability due to homogeneity of mass-produced components, quick manufacturing, low die casting tooling maintenance, versatile design, and minimal assembly. As a result of the benefits, its widespread adoption in the sector is expected to drive the market over the forecast period.

Transportation, industrial, building & construction, telecommunication, consumer durables, energy, and others are the segments of the North America Aluminum die casting market on the basis of end use. Moreover, the market is expected to be dominated by the transportation segment.

Because Aluminum die castings are lightweight and have good corrosion resistance, mechanical properties, and dimensional stability, their use in light and robust vehicles is growing. The adoption of lightweight vehicles is expected to fuel the rise of aluminium components in the transportation industry in the coming years, such as steering knuckles, crash management systems, closures, and structural die cast parts.

Regional Overview

North America Aluminum Die Casting Market Countrywise Analysis

Countrywise Growth Insights Request Sample Pages

The market is divided into U.S., Canada & Mexico on the basis of country.

Major Players

  • Bocar
  • Shiloh Industries
  • Madison-Kipp Corporatio
  • George Fischer Ltd.
  • MartinRea Honsel
  • Ryobi Limited
  • Pace industries
  • Kemlows Diecasting products ltd.
  • Samkee Automotive
  • Amtek Group
  • Dynacast Inc.

Recent Developments

  • May 2022, GF Casting Solutions, a division of GF, Schaffhausen (Switzerland), and Bocar Group, Mexico City (Mexico), a leading provider of light-metal castings and assembly solutions, have signed an agreement to offer a specialised range of products and services globally.
  • April 2022, Ryobi exhibited at EUROGUSS 2022 in Nuremberg, Germany. EUROGUSS is the world's largest and most important die casting trade fair, where the international die casting industry gathered for the 14th time. The trade show focuses on innovative die casting processes, such as aluminium, magnesium, and zinc die casting, as well as rapid prototyping, die casting machinery, and material testing.

North America Aluminum Die Casting Market: Segmentation

By Production Process

  • Pressure Die Casting
  • High Pressure Die Casting
  • Low Pressure Die Casting
  • Others

By End-Use

  • Transportation
    • General Road Transportation
    • Sports Road Transportation
    • Heavy Vehicles
    • Aerospace & Aviation
  • Industrial
    • Agricultural Equipment
    • Construction Equipment
    • Others
  • Building & Construction
  • Telecommunication
  • Consumer Durables
  • Energy
  • Others

By Country

  • United States of America
  • Canada
  • Mexico
  • Rest of North America
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