Japan Aluminum Casting Market Size & Outlook, 2022-2030
Japan aluminum casting market, 2017-2030 (US$M)
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Japan aluminum casting market highlights
- The Japan aluminum casting market generated a revenue of USD 3,778.7 million in 2022 and is expected to reach USD 5,910.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.8% 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 3,778.7 million |
| Market revenue in 2030 | USD 5,910.3 million |
| Growth rate | 5.8% (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, Japan accounted for 4.2% 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 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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Japan 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 93.55% in 2022. Horizon Databook has segmented the Japan aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
Japan accounted for a volume share of 5.6% of the Asia Pacific aluminum casting market in 2020. The country is known for the technological advancements it has made over the years. It is one of the highly developed countries in the world.
The negative market growth in 2020 is attributed to factors such as huge impact due to the outbreak of COVID-19 and mature end-use industries. The country’s economic growth shrank, reporting a GDP growth of -28.1% in the second quarter of 2020. This fall can mainly be attributed to the capital expenditure that was hard hit due to the outbreak of COVID-19.
The country is recovering from the slump as end-use industries resume their operations. The rise in the demand for aluminum casting can be witnessed in the energy sector as the construction of energy projects resume in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into Japan aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan aluminum casting market size, by process, 2017-2030 (US$M)
Japan Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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