LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent Global Aluminum Castings Market 2016-2020 report. This research report also lists 3 prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global aluminum casting market is highly fragmented with the presence of many global and regional vendors. These vendors provide cost-effective casting products as most of them adopt aluminum scrap as feedstock. Even though many new vendors are entering the market, they find it difficult to compete with the existing vendors in terms of economies of scale, quality, finish, price, and services. The major vendors in the market include Alcoa Howmet, Ryobi, Consolidated Metco, Gibbs Die Casting, Dynacast International, and Alcast Technologies.
According to Chandrakumar Badala Jaganathan, lead research analyst at Technavio for metals and minerals research, “Global players are expected to grow inorganically during the forecast period by acquiring local players as they want to increase their footprint in emerging markets.”
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Alcast Technologies was formed as a subsidiary of the Saltfleet Aluminum Foundry in 1994. The company is headquartered in Ontario, Canada, and is engaged in the manufacturing and sales of aluminum castings for military, aerospace, and general industrial applications. It specializes in the production of castings in sizes varying from a few ounces to about 440.92 pounds.
Alcoa Howmet is headquartered in Michigan, US. The company is a division of Alcoa Power and Propulsion, which is a business unit of Alcoa. It is involved in the casting of aluminum, titanium, and super alloys. The service capabilities of the company include providing protective coating services, isostatic pressing, and precision machining. Its products are used for making jet aircraft engines, airframes, industrial gas turbine engine components, armaments, and other industrial components.
The company operates 29 manufacturing facilities in the US, Canada, the UK, France, Japan, and China. In addition, it has an operational presence in Germany, Hungary, and Mexico.
Consolidated Metco (ConMet)
ConMet was founded in 1964 and is headquartered in Washington, US. The company is a manufacturer of lightweight, high-performance products for the heavy-duty truck and trailer industry.
Since 1999, it has been operating as a subsidiary of Amsted Industries, a manufacturer of transportation components for the rail, automotive, heavy-duty vehicle, and construction industries.
The company has six manufacturing facilities in the US and Mexico. It also has a joint venture iron foundry and machine shop in Shandong Province, China. The company has its presence across North America and Asia.
Dynacast International is headquartered in North Carolina, US. It is engaged in the production and commercialization of small-engineered precision die cast components for the automotive, healthcare, hardware, consumer electronics, and computer and peripheral industries.
Since January 2015, it operates as a subsidiary of the Partners Group. The company possesses 23 manufacturing facilities in 16 countries across North America, Europe, and Asia.
Gibbs Die Casting
Gibbs Die Casting was established in 1965 and is headquartered in Kentucky, US. The company is owned by Koch Enterprises. It is a manufacturer of aluminum and magnesium die cast components. The company serves markets such as automotive, small engine, alternate energy, and lawn and garden appliances. Its customers are original equipment manufacturers and tier 1 and tier 2 suppliers worldwide. These include Ford, Hyundai, Daimler, Fiat, and Renault.
The company operates eight factories across the US, Hungary, Brazil, and China, for aluminum and magnesium casting, machining, assembly, and die building.
Ryobi was established in 1943 and is headquartered in Hiroshima-ken, Japan. The company is a manufacturer of components for the automobile, electronics, telecommunications, and other industries.
Ryobi has aluminum die casting operations worldwide, serving primarily the automotive industry. Its production facilities are located in the US, Japan, Mexico, the UK, Thailand, and China. In 2014, the company established a new sales office in China to meet the demand for die castings from the growing automobile market in the country.
Browse related reports:
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- Global Aluminum Extrusion Market 2015-2019
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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