Germany Aluminum Casting Market Size & Outlook, 2022-2030
Germany aluminum casting market, 2017-2030 (US$M)
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Germany aluminum casting market highlights
- The Germany aluminum casting market generated a revenue of USD 4,394.2 million in 2022 and is expected to reach USD 6,311.2 million by 2030.
- The Germany 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 4,394.2 million |
| Market revenue in 2030 | USD 6,311.2 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, Germany accounted for 4.8% 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 Europe, Germany aluminum casting market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 6,311.2 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 76.13% in 2022. Horizon Databook has segmented the Germany aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
Germany is the one of the key players in the global automotive sector. The country’s aluminum casting market is largely dependent on the automotive sector. The transportation segment alone constitutes a demand of nearly 70% of aluminum casting products. The remaining share is distributed over a wide range of customers including construction, industrial, defense, and others.
Germany’s GDP contracted by 5.0% in 2020 owing to the outbreak of COVID-19 and the automotive sector too witnessed negative growth. Market players associated with the German auto industry are anticipated to recover but, at a slow pace. In January 2021, Ford announced to halt production at its Saarlouis factory in Germany owing to global shortage of computer chips and weak demand.
As per the statistics released by Germany’s statistics office Destatis, German industrial production fell as much as 17.9% in April 2020 from the previous month. This drop was the worst ever since 1991, with automotive production experiencing the brunt of the contraction in the month of April. period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into Germany aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany aluminum casting market size, by process, 2017-2030 (US$M)
Germany Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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