Asia Pacific Aluminum Casting Market Size & Outlook
Asia Pacific aluminum casting market, 2017-2030 (US$M)
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Asia Pacific aluminum casting market highlights
- The Asia Pacific aluminum casting market generated a revenue of USD 46,275.7 million in 2022.
- The market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, die casting was the largest revenue generating process in 2022.
- Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 46,275.7 million |
| Market revenue in 2030 | USD 70,778.8 million |
| Growth rate | 5.5% (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 |
| Key market players worldwide | Alcoa Corp, Ramaco Resources Inc Class A, Bravo Mining Corp, Redwire Corp, Georg Fischer AG, Dynatrace Inc Ordinary Shares, Gibb River Diamonds Ltd, Ryobi Ltd, Martinrea International Inc, Toyota Industries Corp, Aluminum Corp of China Ltd Class H |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 50.9% of the global aluminum casting market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 70,778.8 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 79.78% in 2022. Horizon Databook has segmented the Asia Pacific aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific was the largest regional market in 2020 and held a volume share of nearly 47% in 2020 of the global aluminum casting market. The growth in the region can be attributed to developing economies, such as China, India, and South Korea, which are witnessing increasing spending in the manufacturing sector along with other end-use industries.
Increasing investments, coupled with the growing manufacturing sector, are likely to increase the demand for aluminum casting in various industries, such as machinery, automotive, and construction, among others, in the region.
China and India are among the top six countries, in terms of spending on military expenditure, which is expected to increase the manufacturing of several military equipment, thereby boosting the demand for aluminum casting. Like other regions, Asia Pacific was majorly affected by the outbreak of the COVID-19 pandemic. However, countries in the region are reporting quick recovery, especially China.
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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 continent-level data and insights on the Asia Pacific aluminum casting market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aluminum casting market size, by country, 2017-2030 (US$M)
Asia Pacific Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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