North America Aluminum Casting Market Size & Outlook
North America aluminum casting market, 2017-2030 (US$M)
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North America aluminum casting market highlights
- The North America aluminum casting market generated a revenue of USD 15,102.9 million in 2022.
- The market is expected to grow at a CAGR of 5.2% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 15,102.9 million |
| Market revenue in 2030 | USD 22,606.7 million |
| Growth rate | 5.2% (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, North America region accounted for 16.6% 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 |
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North America 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 70.92% in 2022. Horizon Databook has segmented the North America aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
North America aluminum casting market witnessed steep decline in 2020 owing to the severe impact of COVID-19 pandemic on the economies in the region. The production and sales of end-use industries in the region were largely impacted with the increasing spread of the virus in the region.
Companies were compelled to either shut down their operations or operate at extremely minimal capacity, thereby affecting the demand for raw materials. Industries such as automotive, aviation, industrial, construction, and consumer durable were majorly hit owing to the pandemic in North America, which, in turn, negatively impacted the demand for aluminum castings.
The aviation industry was compelled to reduce its production owing to the pandemic. For instance, the delivery of 11 complete Gulfstream jets of General Dynamic Corp. got delayed owing to the pandemic, leading to 24.5% decline in the revenue of the company’s aerospace business segment in the first quarter of 2020.
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Our clientele includes a mix of aluminum casting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America aluminum casting market , including forecasts for subscribers. This continent databook contains high-level insights into North America aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America aluminum casting market size, by country, 2017-2030 (US$M)
North America Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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