Europe Aluminum Casting Market Size & Outlook, 2022-2030
Europe aluminum casting market, 2017-2030 (US$M)
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Europe aluminum casting market highlights
- The Europe aluminum casting market generated a revenue of USD 18,743.5 million in 2022.
- The market is expected to grow at a CAGR of 4.5% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 18,743.5 million |
| Market revenue in 2030 | USD 26,615.1 million |
| Growth rate | 4.5% (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, Europe region accounted for 20.6% 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 |
|---|
Europe 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 78.5% in 2022. Horizon Databook has segmented the Europe aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
Europe held second-largest share of the global aluminum casting market in 2020. The market witnessed a sharp decline in 2020 on account of various factors. First, the industrial production in Europe is witnessing slow growth since a few years due to overall financial shutdown and political reasons like Brexit.
Moreover, the economic growth further deteriorated in FY2020 owing to COVID19 impact. Considering the lockdowns caused by the second wave of the COVID-19 pandemic the region is expected to witness the largest GDP contraction in 2020 as compared to other regions. According to IMF, the GDP of Europe is expected to witness a significant decline of 8.3 % in 2020 with the UK and France being among the worst affected countries in Europe.
Post- 2020, the European economy is expected to recover albeit at a slower pace compared to other regions. The European aluminum casting market is dominated by major countries such as Germany, France, Italy, and Russia.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe aluminum casting market , including forecasts for subscribers. This continent databook contains high-level insights into Europe aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe aluminum casting market size, by country, 2017-2030 (US$M)
Europe Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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