Italy Aluminum Casting Market Size & Outlook, 2022-2030
Italy aluminum casting market, 2017-2030 (US$M)
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Italy aluminum casting market highlights
- The Italy aluminum casting market generated a revenue of USD 2,036.5 million in 2022 and is expected to reach USD 2,819.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.2% 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 2,036.5 million |
| Market revenue in 2030 | USD 2,819.8 million |
| Growth rate | 4.2% (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, Italy accounted for 2.2% 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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Italy 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 57.6% in 2022. Horizon Databook has segmented the Italy aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
Italy is the home to motorsport racing with the presence of giants such as Ferrari, Lamborghini, Maserati, and Alfa Romeo. The growth of the aluminum casting market in Italy can largely be attributed to the transportation segment, which accounted for 79.3% of the overall volume share in 2020. Steady growth in the production of new vehicles is likely to drive the demand for aluminum castings in the country.
Italy boasts of a large aerospace & defense industry, which is amongst the top 10 in the world and the 4th largest in Europe. The industry holds major significance in the manufacturing sector of the country and is vital in terms of innovation as well as technological advancements.
In June 2019, a new startup company, EGO Airlines was founded by three Italian entrepreneurs. The new airlines launched its initial network in January 2021, of serving six domestic destinations from March 25 and three more from June 4, 2021.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into Italy aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Italy aluminum casting market size, by process, 2017-2030 (US$M)
Italy Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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