Canada Aluminum Casting Market Size & Outlook, 2022-2030
Canada aluminum casting market, 2017-2030 (US$M)
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Canada aluminum casting market highlights
- The Canada aluminum casting market generated a revenue of USD 1,259.0 million in 2022 and is expected to reach USD 1,798.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.6% 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.
Aluminum casting market data book summary
| Market revenue in 2022 | USD 1,259.0 million |
| Market revenue in 2030 | USD 1,798.1 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | Die casting |
| Fastest growing segment | Die Casting |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 1.4% of the global aluminum casting market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aluminum casting market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 17,914.3 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 71.58% in 2022. Horizon Databook has segmented the Canada aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
Automotive industry in Canada was majorly hit by the COVID-19 pandemic. The car sales fell by 74.6% in April 2020 as compared to April 2019. Cadillac, BMW, Honda, Acura, Jeep, Nissan, Porsche, Infiniti, and Chrysler were the hardest hit auto companies in the country in the first quarter of 2020. The vehicle production too, was severely impacted in the country as the operations of many companies were suspended in March and April.
The country witnessed ease in the operations in May 2020 post the lockdown as various auto OEMs restarting their assembly plants. However, supply chain issues continued to plague the manufacturing activities as major auto plants faced problems from Mexican suppliers. The scenario is had a negative influence on the demand for aluminum casting in transportation sector of Canada in 2020.
The country is anticipated to witness growth in the EV industry over the coming years. Major automotive players have announced to make huge investments in Canada’s EV market. For instance, on January 15, 2021, General Motors Co. announced to invest around USD 1 billion in production of electric commercial vans in Ingersoll, Ont. In 2020, Fiat Chrysler announced to invest nearly USD 1.5 billion for creating its own EV platform in the province.
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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 country-level data and insights on the Canada aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into Canada aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada aluminum casting market size, by process, 2017-2030 (US$M)
Canada Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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