China Aluminum Casting Market Size & Outlook, 2022-2030
China aluminum casting market, 2017-2030 (US$M)
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China aluminum casting market highlights
- The China aluminum casting market generated a revenue of USD 10,240.2 million in 2022 and is expected to reach USD 15,040.2 million by 2030.
- The China market is expected to grow at a CAGR of 4.9% 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 10,240.2 million |
| Market revenue in 2030 | USD 15,040.2 million |
| Growth rate | 4.9% (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, China accounted for 11.3% 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 Asia Pacific, China aluminum casting market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,522.3 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 39.3% in 2022. Horizon Databook has segmented the China aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
China accounts for a key share in the market considering the widespread presence of end-use industries in the country. The country is one of the largest manufacturing hubs in the world. Moreover, China spends a huge amount on military and defense.
Although China’s manufacturing operations were also impacted owing to the COVID-19 pandemic but, the country reported fast recovery compared to other parts of the world. For instance, China’s auto sales witnessed a decline of 22.4% in the first half of 2020; however, the country is showing signs of recovery as the sales rose by 1.8% in June 2020 as compared to the same period during the previous year.
The Chinese auto market is expected to be shrunk by meagerly 3% to 5% in 2020 on account of COVID-19. The decline, however, is much higher in many other economies of the world. Solar panel output in China in the first half of 2020 increased by 15.7% as compared to the same period in 2019.
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Our clientele includes a mix of aluminum casting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into China aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China aluminum casting market size, by process, 2017-2030 (US$M)
China Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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