TechNavio recognizes the following companies as the key players in Global Aluminum Castings Market: Alcoa Inc., Dynacast Inc., Gibbs Die Casting Corp., and Ryobi Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “Over the last four decades, a staggering number of foundries in developed countries have closed down because of high labor, production, and raw material costs, and recently, the low demand triggered by the global recession. Owing to these reasons, manufacturers are preferring setting up production facilities in emerging countries. The shift is also driven by rigid environmental stipulations and initiatives with regard to waste, energy, and environmental taxation by governments in Western countries. In emerging countries, raw material is abundantly available though sometimes inferior in quality, and, in addition, the availability of cheap labor in these countries hints at the untapped potential of these markets.”
According to the report, the Global Aluminum Casting market is driven by several factors, such as the industrialization and development in the APAC region. Following the recovery from the global economic recession, many organizations have been expanding their manufacturing operations across the world. This is especially the case in the APAC region where manufacturers plan to tap the potential of the rapidly growing market in countries such as China and India.
Further, the report states that despite the presence of several drivers, the growth of the Global Aluminum Casting market is curtailed by some serious challenges, including the increase in energy requirements for the production of aluminum castings.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-aluminum-castings-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Global Aluminum Castings Market 2014-2018
