According to the research report titled ‘Aluminum Casting Market Size, Share and Industry Analysis Report by Process (Die Casting, Sand Casting) and Application (Transportation, Building & Construction, Industrial Tools & Equipment), Regional Outlook, Growth Potential, Competitive Landscape & Forecast, 2021 – 2027’, available with MarketStudyReport, global aluminum casting market is anticipated to expand considerably during the forecast timeframe of 2021-2027.
 

Widespread application of metalworking processes in automobile industry is majorly driving global aluminum casting market growth. Notably, benefits like lightweight characteristic of aluminum and enhanced fuel efficiency are favoring the market adoption.
 

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For the unversed, metal casting is the process of pouring molten aluminum into a precisely constructed and precision-engineered mould, die, or form to create high-quality and high-tolerance parts. It is regarded as A cost-effective method for making complicated and detailed parts.
 

Aluminum casting market is fragmented on the basis of process, application, and region. In terms of process, it is divided into sand casting, die casting, and other processes. Among these, others processes segmentation is expected to grow at a CAGR of more than 7.2% through 2027.
 

Based on application, the market is segmented into transportation, industrial tools & equipment, building and construction, and others. Out of these, others application segment will develop at a rate of roughly 6.4% CAGR. Medical equipment, cookware, and guns are among the various uses for others category.
 

From a regional perspective, LATAM aluminum casting industry currently accounts for more than 7.5% of the overall revenue and will continue growing over the forthcoming years. Steady economic recovery in Brazil and Mexico combined with growth stabilization in other nations including Argentina, Chile, Peru, and Colombia is expected to drive regional market growth in the coming years.
 

Meanwhile, MEA market is anticipated to grow at a y-o-y rate of over 7% during the forecast period, owing to the developing automotive industry, and surging investments in domestic infrastructural development activities.
 

Considering the competitive landscape, Bodine Aluminum Inc., Arconic Corp., Nemak S.A.B. de C.V., Aluminum Corporation of China Ltd., CaneKast (Ermak Foundry & Machining), Endurance Group, (Endurance Technologies Ltd.), WAFCO, and Rajshi Technologies India Pvt. Ltd. are among the major companies defining the global aluminum casting market trends.
 

Prominent industry players have been focusing on new product development and innovations to strengthen their market position. For example, Tesla in July 2021 stated that it will commence the limited production of its Model Y crossover at its new factory in Berlin by the end of this year. Whereas, Model Y production facilities in Texas and Gruenheide have been modified to include new aluminum casting for the car's rear body structure, including crash rails.