![Aluminum Die Casting Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG15I2007
Report ID:
UCMIG15I2007 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global aluminum die casting market was valued at USD 69.36 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030. The market is driven by the increasing use of aluminum in various applications, including transportation and telecommunications. The demand for high-strength and lightweight castings is a major factor driving market growth. In order to comply with regulations aimed at enhancing fuel efficiency and reducing harmful emissions in the transportation industry, manufacturers are increasingly using aluminum in their products.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aluminum by segment aggregation, the contribution of the Aluminum in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15I2007