Lewes, DE -- (SBWIRE) -- 03/01/2016 -- Report forecast the global aluminum casting market to grow at a CAGR of 5.82% during the period 2016-2020.

Casting is used for making geometrically complex parts using metals and cold setting materials. It is of two types: ferrous and non-ferrous. Aluminum, zinc, magnesium, and copper-based alloys are the most common non-ferrous metals used for casting.

Aluminum cast components are used in the manufacturing of sub-assemblies of planes, vehicles, and trains. They are also used in industries such as construction, mining, and electrical equipment. The demand from small appliance part manufacturers, lawnmowers, and the automotive and other machinery industries will boost the growth of the global aluminum castings market.

The report covers the present scenario and the growth prospects of the global aluminum casting market for 2015-2020. The report presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- ROW

According to the report, growth of automobile industry drives the global aluminum casting market during the forecast period. Aluminum is preferred over other metals such as steel for casting in the automobile industry due to its lightweight property. This helps in reducing fuel consumption and emissions. Aluminum is easily recyclable and resistant to corrosion, ensuring sustainability and durability of the vehicles. Automobile components such as transmission housings, cylinder heads, crankcases, and engine blocks are manufactured using aluminum casting.

Further, the report states that the high power cost increases the production cost of aluminum, leading to a rise in the cost of downstream products and affecting the profit margins for vendors.

Global Aluminum Casting Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Aluminum Casting Market: Alcast Technologies, Alcoa Howmet, Consolidated Metco, Dynacast International, Gibbs Die Casting and Ryobi.

Other Prominent Vendors in the market are: Bodine Aluminum, Martinrea Honsel Germany, and Leggett & Platt.

Market driver
- Growth of automobile industry
- For a full, detailed list, view our report

Market challenge
- Growing energy requirements
- For a full, detailed list, view our report

Market trend
- Stringent government regulations
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 58 pages and 41 Exhibit "Global Aluminum Casting Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Segmentation by process, Segmentation by application, Segmentation by geography, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-aluminum-casting-market-2016-2020

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