Tuesday, June 7, 2022

Market Research Company in United States Gives Detailed Explanation of Competitive Scenario: Ken Research

 

Undoubtedly, the United States is the world’s solidest economy led by the policies which allow the freedom to the private sectors to contribute to the economic decisions made by the legal authorities and set directions for the optimum usage of prevalent resources. The United States has been established as the world’s greatest financial markets and the 3rd superlative producers of oil and natural gas.

In addition, the Market Research Company in United States predict that US agriculture equipment market was witnessed to be at maturity stage due to the advances in mechanization and technological expansions in agriculture that have been predominantly influential in driving change in the farm segment coupled with the rapid growth in average farm productivity. Also, the effective growth in presence of both international as well as domestic players coupled with new government initiatives has generated a positive impact on the market. Agriculture within the US is classified by countless trends. One of the trends is the fall in the number of small farms. Another trend in the US Agriculture Sector is augment in productivity of the sector. Both agricultural production as well as the output of an agricultural worker has enhanced. This development is partially a result of consolidation of farms and partially a result of new technologies and farming approaches.

Furthermore, the Best B2B Service Providers in United States anticipate that the Vehicle Finance Market in US observed a steady growth during the phase 2013-2018, owing to an increment in new and used vehicle sales over the same duration. The Market is reaching its Maturity Stage with Vehicle sales beginning to follow a normal growth trend after sustained exponential growth over past couple of years. Trends in the market were principally stimulated by low interest rates in the economy as well as an increment in retail price of automotives in US. Some challenges faced throughout the period in the market were the augmenting the loan default rates, instable vehicle sales and a pullback on loan issues lead by banks, in the latter half of the research duration.

On the basis of Market Research Firms in United States likewise Ken Research ensure that Low employee retention, augmenting the skill gap, low college enrolment, and the growing cost of ineffective training were some of the imperative pain points of companies that lead to the introduction of the corporate training industry. The USA Corporate training industry is presently positioned to be at a late growth stage. The requirement is augmenting with a CAGR close to 5% during the period of 2014-2019. There is a growing trend in the usage of Microlearning modules, experimental training, and the development of customized and precise training solutions.

Whereas, the demand of US corporate training is projected to grow with a CAGR of 6.9% during the period 2019-2025. The demand is estimated to be driven by an augmenting the interconnected society owing to the advent of AI, Blockchain, IoT, 3D Printing, and others. E-learning is gradually taking over because of low priced modules and flexibility in learning. The change to remote workstyle and augmenting the government support will further boost the demand in the industry.

For more information on the research report, refer to below link:

Market Research Firms in United States

Follow Us

LinkedInFacebook | Twitter | YouTube

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Online Advertising Market Research Report Provides A Comprehensive Analysis: Ken Research

Internet advertising is the procedure of utilizing the internet as a medium to deliver marketing or promotional messages to an acknowledged as well as intended audience. It helps to fascinate website traffic & brand exposure, and is designed to motivate the targeted consumer to engage in an explicit action such as making a purchase. It is one of the most effective manners for all businesses to find new customers, increase their reach, and diversify their revenue streams. Businesses utilize the online advertising (such as banners, pay-per-call ads, pay-per-click ads, and pop-ups) in e-newsletters, on search engines, on compatible websites, and in online varieties of magazines and newspapers as a way of reaching out to individuals who use the internet for shopping or to gather information. Internet advertising not only aids brands to find the right audience but it is also the fast & easy manner of advertising, which benefits keep the target audience engaged. 

Online Advertising Market Research Report predict that the switch from traditional print media to online advertising is propelled by recent technological innovations in communication technologies. The growing number of smartphone users around the globe, growing number of broadband service providers, and extensive optimization of the internet by innumerable users are generating the growth of the global market for online advertising.

In addition, the Online Advertising Industry Research Report states that as the creation of appealing banners and advertisements via online sources capacities more attention from the customers, this platform is progressively preferred by innumerable businesses over the globe.  Also, online advertising can be more convenient and cost-efficient, at the same time proposing a broader platform, when compared to traditional advertising optimizing the television and the print media. Alarming degree of addiction to smart devices such as tablets, laptops, and smartphones has also been helping in growth of Online Advertising Market Future Outlook.

Online advertising market has emerged as a very robust marketing or promotional strategy. As mentioned, the reach is massive, and it is now easier to reach the target audience. Throughout the initial introductory phase, search was the only format which acknowledged very high traction, but with time, organizations moved toward more cooperating advertising formats such as display ads, video, and now to mobile advertising. Mobile advertising is one of the fastest augmenting advertising mediums in this online advertising market and has auspicious future.

On the contrary, the existence of ad blockers aimed at eradicating advertisements form users’ webpages might restrict the growth of the global market for online advertising. Moreover, countless companies are grappling with the issue of transitioning from desktop to smartphone ads. This might also obstruct market expansion. However, the growing dependence of people on Internet will confirm that the market for online advertising progresses speedily, counteracting the negative impact of this restraint.

North America is probable to appear as a protuberant market for the online advertising, with the U.S. contributing a momentous share. High proliferation of online content, growing consultation of online sources by buyers, and significant amount of time spent online are propelling the growth of the market in this region.

For more information on the research report, refer to below link:

Online Advertising Industry Research Report

Follow Us

LinkedInFacebook | Twitter | YouTube

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

E-Learning Market Research Report, Size, Major Players, Future, Growth - Ken Research

 E-learning is a mode of carrying knowledge to students through electronic modes such as videos, audio, e-books, AR/VR or any other electronic mode. E-learning delivers various benefits to the students, which entail the low cost of education and specialized course learning. In addition, e-learning has become an essential part of majority of organizations as it increases the performance of employees.

The effective growth in remote learning throughout the pandemic and demand for low-cost convenient learning system positively impacts the growth of the online learning market. In addition, surge in usage of AI and machine learning in e-learning system boost the growth of the market across the world. However, influences such as shortage of face-to-face interactions in the E-learning systems and need for greater self-motivation constraints the e-learning market growth rate.

The augmenting advances in technological infrastructure, growing adoption of video instructor-led training methods, and the increment in investment from foremost organizations around the world are projected to fuel the growth of the Corporate E-learning Market over the forecast period.



With the growth of artificial intelligence and digitization, the online education business is undergoing a digital revolution and is projected to witness a boom in requirement. The digital ecosystem has had a marvellous impact on the digital learning market future by providing better admittance to advanced resources, improving the feedback between instructors and students, and revamping traditional teaching approaches. Industry players are enlarging the company horizons to capture the market through mergers and acquisitions.

E-learning market major players comprises FUTURELEARN Limited, Adobe Systems Inc., Apollo Education Group, Inc., Articulate Global, Inc., Baidu Inc., Blackboard Inc., Cisco Systems, Inc., Citrix Systems, Inc., Compunnel Software Group Inc., Coursera, Inc., D2L Corporation, Docebo, Inc, edX Inc, Epicor Software Corporation, and GitHub Inc. Companies are aiming on enlarging their portfolios with courses suitable for students from dissimilar industries.

The E-learning market research report focuses on growth prospects, limitations, and trends othe e-learning market revenue analysis. The study delivers the Porter’s five forces analysis to understand impact of countless factors, such as bargaining power of suppliers, competitive strength of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the e-learning market share.

The Middle East also proves to be a momentous market as the middle east countries usually have gender disparities, thus producing the scope for e-learning platforms in the region, particularly for women as they typically show a keen interest in enhancements and upgrades.

An increment in internet and smartphone penetration is the fundamental driver of e-learning market size. This has revolutionized content delivery mode and changed the method by continuously enhancing bandwidths and decreasing the data prices.

The utilization of machine learning and AI in e-learning platforms has augmented since it allows for personalized information based on each student's prior knowledge rather than a one-size-fits-all method. Moreover, by engaging the machine learning and AI, it is feasible to speedily analyze massive volumes of data and uncover patterns and trends in order to uninterruptedly optimize and improve the learning experiences. This makes the course creation procedure easier, quicker, and more adaptable without compromising quality. For example, the automatic translation and localization tool has quicker and enhanced the e-learning development procedure.

Moreover, multi-language content can now be improved for global firms that face the issue of delivering the important information for branches in dissimilar countries. Such developments are expected to benefit the global digital learning market future during the assess period.

Read Also: -

E-Learning Market Research Report, Size, Revenue Analysis, Growth Rate, Major Players, Future, and Covid-19 Impact

Follow Us –

LinkedIn | Instagram | Facebook | Twitter | YouTube 

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com 

+91-9015378249

Iraq E-commerce Logistics and Warehousing Market Research Report: Ken Research

 

The report titled Iraq E-Commerce Logistics and Warehousing Market Outlook to 2026F- Driven by Growth in Online Shopping platforms along with Introduction of New Technological Advancement provides a comprehensive analysis of the potential of e-commerce and e-commerce logistics market in Iraq. The report covers various aspects including the growth of E-Commerce industry, revenue generated from E-Commerce logistics players, its segmentations viz, By Sourcing, By Volumetric Weight, By Delivery Period (Same Day delivery, Next day Delivery, More than 2 days), By Payment (Cash, E-wallet, Debit Card, Credit Card, QR Pay, Bank Transfer), Business Models, Major Trends and Development, Issues and Challenges, Technological Advancements and Competition Analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.

Iraq E-Commerce Logistics Market Overview and Size

Iraq is a developing country in terms of internet penetration of 75% in 2021. Iraq’s internet infrastructure, youthful, tech-savvy population and rising mobile/broadband penetration rates all point to strong potential for the country’s e-commerce market. Iraq E-commerce shipments market has been observed in its early growth stages of development, thus growing year on year majorly due to improving fulfillment rate and high demand for faster delivery, coupled with increase in the number of online orders. Expansion in internet services (~67.3% smart phone penetration in 2021) coupled with increasing demand for online logistics services have collectively given a boost to development of E-commerce shipments industry in Iraq. Updated Technology such as Live Tracking, Automation, WhatsApp Bots, AI Systems, IoT, and Telematics are used by e-com logistics players.

Iraq E-Commerce Logistics Market Segmentations

By Sourcing: Baghdad generated the highest e-commerce orders followed by Mosul and Erbil. E-commerce hubs are concentrated in Baghdad, Mosul, Erbil and Basra owning to large and digitally literate consumer base with decent purchasing power along with highest urban population.

By Volumetric Weight: 1-3 KG Shipments accounted for the highest number of orders in Iraq E-Commerce Logistics Market followed by 3-6 Kg and 0-1 Kg respectively in 2021. Consumers usually purchase low weight products such as Fashion/ Apparels, Groceries, Mobile Phones and Accessories, Footwear owing to the fact that profitable items often have a high value-to-weight ratio.

By Delivery Period: Majority of the E-Commerce Shipments takes one day to get delivered in Iraq, majorly in cities like Baghdad, Erbil, Basra and Mosul. Customers are willing to pay extra price for sooner deliveries. Growing expectations of consumers towards fast shipping from e-retailers along with delivery of products in case for a special event, such as during festivals will lead to rise of same-day delivery option in Iraq.

By Payment: Across Iraq, COD are the most preferred payment method due to low financial inclusion. E-payment gateways, e-wallets and contactless payment are becoming more widespread, with the Iraqi Government introducing initiatives for financial inclusion of the Iraqi population.

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTYxNDE2

Iraq Warehousing Industry Overview

The warehousing industry is in the growing stage due to emergence of the country as a major oil and gas hub. Warehousing companies in Iraq compete on the basis on Size, Location, Cost, Technology, Clientele, Additional Value-Added Services (Packaging, Sorting, Labeling, etc.)

Iraq Warehousing Market Segmentations

By Region: The Iraq Warehousing industry is majorly concentrated in Baghdad, followed by Erbil and Basrah respectively. Erbil and Basrah poses as a major warehousing hub due to the presence of oil fields in the region.

By End User: The majority of warehousing space in Iraq is occupied by oil and gas industry followed by FMCG, Electronics, and Construction material, E-commerce and retail industry respectively.

Competitive Landscape of Iraq E-Commerce Logistics Market:

The e-commerce logistics space in Iraq is in Growth Stage and is highly fragmented with the presence of ~100+ organised Express Logistic companies and 1000+ unorganised Dabbawallas delivering the E-Commerce Shipments across the country. Top 3 players namely Aramex, Sandoog, Mateen Logistics contribute majorly to the organised market share. Companies are battling against each other to acquire and retain clients, expand geographical presence, expand service offering and improve unit economics to increase margins. Fleet size, number of orders, clientele, and number of delivery centers, price, and delivery time are the key competing parameters for the e-commerce logistics providers.

Iraq E-Commerce Logistics Market Future Outlook and Projections

Over the forecast period, Iraq E-commerce logistics market is expected to drive up the demand because of expected surge in internet penetration, especially its exposure to the youth. Due to the COVID-19 outbreak, there has been a shift from offline sales to online sales, which is expected to ensure substantial growth in the future as well. The e-commerce logistics market in the country is expected to grow on the back of new technologies such as Automation, Blockchain, and the Internet of Things, which will be explored to increase efficiency, improve customer experience and enhance service quality.

Key Segments Covered

  • By Delivery
  • Same day
  • Next day
  • More than 2 days
  • By Product Category
  • Fashion
  • Electronics
  • Toys, Hobby & DIY
  • Media
  • Beauty and personal care
  • Furniture
  • Beverages
  • Food
  • By Volumetric Weight
  • 0-1 Kg
  • 1-3 Kg
  • 3-6 Kg
  • Greater than 6 kgs
  • By Location 
  • Baghdad
  • Erbil
  • Mosul
  • Basra
  • By Payment
  • Cash
  • Others (Debit card, Credit cards, e-wallets)
  • By Souring
  • Domestic
  • International
  • By Gender
  • Male
  • Female
  • By Age group
  • 15-35 years
  • 35-55 years
  • 55 and above

E-Commerce Logistics Companies Covered

  • Aramex
  • Sandoog
  • Mateen Logistics
  • Iraq Post
  • DHL

Key Target Audience

  • 3PL Logistics Companies
  • Integrated Logistics Companies
  • E-Commerce Marketplace Platform
  • Retail Companies
  • Logistics/Supply Chain Industry Associations

Time Period Captured in the Report:-

  • Historical Period – 2016-2021
  • Forecast Period – 2021-2026

Key Topics Covered in the Report

  • Iraq E-Commerce Market Overview
  • Cross Comparison- Major E-Commerce Players in Iraq
  • Iraq E-Commerce Logistics Market Overview
  • Iraq E-Commerce Logistics Market Size
  • Iraq E-Commerce Logistics Market Segmentation 2021
  • Iraq E-Commerce Shipments Pricing Analysis
  • Iraq E-Commerce Logistics Market Growth Drivers
  • Iraq E-Commerce Logistics Market Trends & Developments
  • Iraq E-Commerce Logistics Market Government Role and Initiatives
  • Iraq E-Commerce Logistics Market Logistics Constraints
  • Iraq E-Commerce Logistics Market SWOT Analysis
  • Competitive Landscape of Iraq E-Commerce Logistics Market
  • Iraq E-Commerce Logistics Market Cross Comparison
  • Iraq E-Commerce Logistics Market Pricing Analysis
  • Future Market Size and Segmentations, 2021-2026F
  • Covid-19 Impact on Iraq E-Commerce Logistics Market
  • Analyst Recommendations
  • Case Studies

For more information on the research report, refer to below link:

Iraq E-Commerce Logistics and Warehousing Market Outlook to 2026F

Related Reports

UAE E-Commerce Logistics Market Outlook To 2025 – Driven By Growth In Online Shoppers Along With Introduction Of New Age Technologies By Logistics Players

Philippines E-Commerce Logistics Market Outlook To 2025 - Driven By Growth In Internet Penetration Along With Introduction Of New Age Technologies By Logistics Players

India E-Commerce Logistics Market Outlook To 2025-Driven By Changing Shopping Patterns And Increasing Demand Of Fast Delivery Services

Follow Us

LinkedInFacebook | Twitter | YouTube

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

India Quick Commerce Market Outlook to FY’27F: Ken Research

The report titled India Quick Commerce Market Outlook to FY’27F - Driven by Increasing demand for Faster Delivery & Convenience and Shifting Customer behavior towards Unplanned Purchases provides a comprehensive analysis on the status of the Quick Commerce Market in India. The report includes various aspects including, the evolution of quick commerce Industry, comparison of the quick commerce platform with other online channels, need & opportunities for the quick commerce players in India describing the target addressable market, the growth drivers and the supply side challenges faced by the industry.

It includes detailed explanation of the value chain model which is being followed by major quick commerce players, developments, challenges, seasonality trends, current & upcoming technologies facilitating the industry. It gives detailed explanation of investment analysis, competitive scenario including cross comparison between major players, SWOT Analysis, and detailed company profiles of major players including their strength and weaknesses and concluding with analyst recommendations.

Market Overview

Quick Commerce provides the convenience of fastest possible doorstep delivery of groceries and other consumables. There has been observed a significant increase in the Top-up and Unplanned purchases, particularly in Metro and Tier I cities which is facilitating the growth of the quick commerce industry in India.

The Quick Commerce Industry is currently positioned in the Early Growing Stage and is anticipated to showcase a CAGR close to 27% between FY’22 and FY’27F.

Increasing Willingness of the consumers to pay premium for quick deliveries, changing shopping habits towards more frequent unplanned & top-up purchases has led to the growth of the quick commerce market in India.

Market Segmentation

By Product Category

Staples contributes the most in terms of revenue currently as it has relatively higher GMV than other categories and is expected to be the highest contributing category, followed by Fruits and Vegetables by the year FY’27.

Beauty & Personal care contribute the least because customer still prefer to order the products from established players only rather than opting to quick- commerce companies.

By Region

Major Quick Commerce Companies expands to Metro & Tier I cities primarily as these cities have higher Internet Penetration, Working Population and Technology Awareness as compared to Tier II and below cities.

In Tier I cities, People are much more tech advanced and have become habitual of buying groceries and other consumables online.

Awareness will take time in Tier II cities and almost all the major players have started or are planning to expand to Tier II cities, hence, it is expected that in future, by FY’27, Tier II and below will have a significant market capture, whereas, metro & Tier I cities is still expected to lead and contribute highest share in the market by FY’27.

By Gender of the Consumer

It is observed that Females currently contribute more in terms of number of orders to the Quick Commerce Industry in India. This can be supported by the fact that, in India, conventionally, females are more prone towards looking for groceries and other consumables to buy for the house.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTYxNDE4

By Business Model

Dark store model is the most preferred type of delivery model for quick commerce. Majority of the companies follow the dark store delivery model.

Many of the popular and big players in this sector are opting or have opted for the dark store models, to maintain proper supply chain methodology and for adherence towards their 10-20 minutes delivery model, they simply cannot rely on third party platforms.

By Delivery Time

Quick commerce market has all been about luxury of time, delight of delivering quickly at your respective address.

The industry is still in early growing stage and hence, companies are still inventing ways, how to make this quick delivery model a stable one. Companies are opening dark stores using several geographical mapping technologies and it is the consequence of these dark stores that they have been able to deliver around 60% of all the orders within 40 mins.

By Average Order Value

Quick Commerce is more dependent on refilling purpose and unplanned purchases rather than bulk ordering. Due to the area limitation of Dark Stores, number of SKU's availability and baggage limits per, majority of the orders are below INR 600-700. A very small %age is contributing towards the order size greater than INR 1000.

Competitive Landscape

The industry is currently concentrated with presence of 7-8 players operating in the Quick Commerce industry in India. Fast Delivery, Price, Discounts & Offers, wide product assortment and availability & Ease of Payment are the major factors that influence the buying decision of the consumer. The major players include Swiggy Instamart, Blinkit and Zepto, together contributing more than 80% to the market. Companies with Large Product Assortment & Fastest Delivery are identified as clear leaders in the industry.

Future Outlook and Projection

The demand for the Quick Commerce is expected to expand with at a double digit of CAGR on the basis of GMV between FY’22P and FY’27F. Automation in the Dark Stores, Drone Technology, Voice Ordering, and Use of Electric Vehicles for Delivery is anticipated to drive the Quick Commerce Market in future. Demand Prediction and Customer Behaviour Analysis is crucial to ensure sufficient availability of the groceries and to ensure minimum degradation and stock-outs of these products.

Key Segments Covered:-

By Product Category

Fruits & Vegetables

Packed food & Beverages

Staples

Beauty & Personal Care

Others

By Region

Metro & Tier I

Tier II and below

By Business Model

Dark Store Platform

Third Party Delivery Platform

By Customer’s Gender

Male

Female

By Delivery Time

0-20 Minute

20-40 Minute

40-60 Minute

60-75 Minute

By Average Order Value

< INR 300

INR 300 – INR 600

INR 600 – INR 1,000

> INR 1000

Companies Covered:-

Swiggy Instamart

Blinkit

Zepto

Dunzo

BB Now

Ola Dash

BB Now

Flipkart Quick

Key Target Audience:-

Quick Commerce Companies

E-commerce Companies

E-Grocery Companies

Logistics Companies

Cold Chain Companies

Investors & Venture Capitalists

Time Period Captured in the Report:-

Historical Period: FY’22

Forecast Period: FY’23-FY’27F

Key Topics Covered in the Report:-

How is the Quick Commerce Market positioned in India?

India Quick Commerce Market Flowchart

Evolution of the Quick Commerce Industry

Target Addressable Audience for India Quick Commerce Market

Consumer Purchase Behavior

Channels available for shopping consumables

Comparison of E-Grocery and Quick Commerce Platform

Value Chain Model - Dark Store Delivery Platform

Supply Ecosystem and Challenges

Market Size and Segmentation

SWOT Analysis

Current Technologies Facilitating Quick Commerce Industry

Upcoming Technologies in Quick Commerce Industry

Investment and Funding in Quick Commerce Companies in India

Competitive Landscape – Cross Comparison of Major Players

Company Profiles

Case study & Analyst Recommendations

Research Methodology

For More Information on the research report, refer to below link:-

India Quick Commerce Market

Related Reports:-

Vietnam Online Grocery Market Outlook to 2026 - Market Driven by Increasing Smartphone Penetration, Changing Shopping Habits of Consumers and Regional Expansion of the Online Grocery Players

Indonesia Online Grocery Market Outlook to 2026 – Driven by Changing Shopping Habits of Consumers and Regional Expansion of Local & International Players in the Archipalego

KSA Online Grocery Delivery Market Outlook to 2025- Driven by Changing Shopping Habits of Consumers and Regional Expansion of Local & International Players in the Kingdom

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Global Aluminium Casting Products Market Growth is Influenced by Increasing Demand for Lightweight Vehicles: Ken Research

According to the report analysis, ‘Global Aluminium Casting Products Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that Leggett & Platt, Alcoa Howmet, Ryobi, Alcast Technologies, Martinrea Honsel Germany, Dynacast International, Consolidated Marco, Gibbs Die Casting, Bodine Aluminum and many more are the foremost companies which recently working in the global aluminium casting products market more efficiently for registering the great value of market share, leading the highest market growth, generating the highest percentage of revenue, obtaining the competitive edge and keep maintaining the governing position by analysing the strategies and policies of government as well as contenders, implementing the policies of profit making and strategies of expansion, spreading the awareness connected to the applications and advantages of aluminium casting products, establishing the several research and development programs, increasing the features and benefits of aluminium casting products, decreasing the associated prices of such and delivering the better customer satisfaction.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=MzQ0MDQy


Growth in the aluminum casting market can commonly be attributed to the augmenting involvement of aluminum in the transportation sector, industrial segment and building & construction sector. There is a continual requirement from the automotive industry as it aids in fuel efficiency enhancement and decreases the environment degrading events like carbon dioxide emission. These are the foremost factors propelling the requirement for aluminum casting during the review period.

On the basis of types, the global aluminium casting products market is classified into Permanent Molding, High Pressure Die Casting, Low Pressure Die Casting and Gravity Die Casting. On the basis of applications, the global aluminium casting products market is categorized into Automobiles, heavy machinery and industrial, aerospace and marine, building and construction hardware, power and hand tools and telecom.

The effective growth in demand for lightweight vehicles on account of soaring environmental pollution, augmenting the disposable incomes, and transforming lifestyles of consumers is projected to boost the demand for aluminum casting products. The growing use of aluminum in automobiles due to its high strength and lightweight is probable to propel the market over the forthcoming years.

Not only has this, the prominent increment in demand for energy-efficient and lightweight vehicles has augmented the requirement for aluminum casting in industries, leading to the replacement of iron & steel metals by aluminum cast products. Optimal corrosion resistance, sturdiness, good appearance, and the low weight of aluminum have been propelling the automobile market to be design-oriented.

Other characteristics such as electrical & thermal conductivity, lightweight, complete recyclability, competitive cost, and beautiful appearance also influence the requirement for aluminum casting product. Sustainability and energy efficiency are other foremost factors propelling the growth of the aluminum casting market.

The growth in production was mainly accredited to APAC countries such as China, India, and Japan, which saw a noteworthy rise in automotive production. The increment in the production of motor vehicles globally is projected to, in turn, boost the requirement for aluminum casting products in the automobile industry.

For More Information, Click on the Link Below:-

Global Aluminium Casting Products Market

Related Reports:-

Global Aluminium Casting Products Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

Follow Us

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249