Global Aluminum Casting Market Size & Outlook, 2024-2030
Global aluminum casting market, 2018-2030 (US$M)
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Global aluminum casting market highlights
- The global aluminum casting market generated a revenue of USD 90,976.9 million in 2022 and is expected to reach USD 135,204.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.1% by 2030.
- In terms of segment, die casting accounted for a revenue of USD 69,488.8 million in 2022.
- Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 90,976.9 million |
| Market revenue in 2030 | USD 135,204.7 million |
| Growth rate | 5.1% (CAGR from 2022 to 2030) |
| Largest segment | Die casting |
| Fastest growing segment | Die Casting |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Die Casting, Permanent Mold Casting, Other Processes |
Other key industry trends
- In terms of revenue, the North America accounted for 16.6% of the global aluminum casting market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 2,894.2 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global aluminum casting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum casting market will help companies and investors design strategic landscapes.
Die casting was the largest segment with a revenue share of 76.38% in 2024. Horizon Databook has segmented the Global aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2018 to 2030.
The automotive industry holds major significance in the aluminum casting market. The growing production of EVs and other vehicles is anticipated to prove beneficial to the demand for aluminum casting in the coming years. The EV industry is an emerging key end-user of the market, where casting is finding applications in the assembly of batteries and in body components.
The governmental push toward aligning itself with the global decarbonization goals, in line with the 2021 Paris Agreement, has accelerated the production and sales of electric vehicles (EVs) across the world. Several incentives have been provided for EV sales and purchases.
In 2022, the electric car sector reached a notable milestone by achieving a new sales record, overcoming challenges like supply chain disruptions, macroeconomic uncertainties, geopolitical tensions, and escalating commodity and energy prices. Surprisingly, this growth occurred amid a global contraction in overall car markets, witnessing a 3% decline in total car sales compared to 2021.
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Our clientele includes a mix of aluminum casting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aluminum casting market , including forecasts for subscribers. This global databook contains high-level insights into Global aluminum casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global aluminum casting market size, by regions, 2018-2030 (US$M)
Top 10 countries: Aluminum casting market size, 2024 (US$M)
Global aluminum casting market share, by process, 2024 & 2030 (%, US$M)
Aluminum casting market: Opportunity assessment by country
Global aluminum casting market, by region, 2024 (US$M)
| Process | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 14,735.4 | 15,889.5 | 13,971.2 | 14,428.7 | 15,102.9 | 15,899.7 | 16,809.9 | 17,633.3 | 18,227.7 | 19,051.9 | 20,367.1 | 21,377.5 | 22,606.7 | 5.1% |
| Europe | 20,195.2 | 20,087.6 | 17,514.9 | 18,141.3 | 18,743.5 | 19,467.9 | 20,310.1 | 21,264.5 | 21,991.6 | 22,943.3 | 24,297.0 | 25,338.6 | 26,615.1 | 4.6% |
| Asia Pacific | 45,127.5 | 50,230.0 | 41,667.3 | 43,830.7 | 46,275.8 | 48,970.5 | 52,097.8 | 55,535.8 | 57,741.4 | 60,484.1 | 64,352.3 | 67,285.8 | 70,778.8 | 5.0% |
| Latin America | 6,342.5 | 6,749.0 | 5,538.6 | 5,682.9 | 5,865.7 | 6,088.7 | 6,357.4 | 6,660.7 | 6,769.5 | 6,989.3 | 7,399.7 | 7,631.3 | 7,964.1 | 3.6% |
| MEA | 5,231.3 | 5,570.5 | 4,699.8 | 4,833.9 | 4,989.0 | 5,166.9 | 5,369.4 | 5,584.5 | 5,769.3 | 6,066.9 | 6,540.9 | 6,843.2 | 7,240.1 | 5.3% |
| Overall | 91,631.8 | 98,526.6 | 83,391.9 | 86,917.5 | 90,976.9 | 95,593.7 | 100,944.6 | 106,678.8 | 110,499.3 | 115,535.5 | 122,957.0 | 128,476.5 | 135,204.7 | 4.9% |
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