Aluminum Die Casting Market Registering A CAGR Of 10.1% Over Forecast Period From 2019 To 2025: Grand View Research Inc.
San Francisco, 11 October 2019: The Report Aluminum Die Casting Market Size, Share & Trends Analysis Report By Process, By End Use (Transportation, Industrial, Building & Construction,), By Region, And Segment Forecasts, 2019 – 2025 The global aluminum die casting market size is anticipated to reach USD 48.93 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 10.1% during the forecast period. Increasing demand for lightweight parts in the automotive sector is anticipated to drive the growth. Recycled aluminum has widely gained popularity, as the demand for products with low carbon footprint escalates. The momentum towards reducing carbon footprint is already gaining prominence in the market. For instance, in 2016, Jaguar Land Rover launched a project to return used vehicle parts to Novelis after the end of the vehicle’s lifecycle. Industrial Internet of Things (IIoT) and industry 4.0 are emerging technologi