Russia Aluminum Casting Market Size & Outlook, 2022-2030
Russia aluminum casting market, 2017-2030 (US$M)
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Russia aluminum casting market highlights
- The Russia aluminum casting market generated a revenue of USD 2,020.8 million in 2022 and is expected to reach USD 2,812.0 million by 2030.
- The Russia 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 2,020.8 million |
| Market revenue in 2030 | USD 2,812.0 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, Russia 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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Russia 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 76.9% in 2022. Horizon Databook has segmented the Russia aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
Russia is amongst the fastest growing countries in the region. The country has the leverage of raw material availability as it is one of the largest aluminum producers in the world. The country too witnessed negative impact from corona virus outbreak and its GDP growth plunged by 3.1% in 2020, which is the deepest contraction in 11 years.
The demand for aluminum casting is expected to propel in the country on account of developments in the EV industry. The Russia electric car market grew by 95% from 2019 to 2020 by selling 687 units in 2020 from 353 units in 2019.
Nissan Leaf, Audi E-Tron, and Tesla Model 3 were the top performers. In December 2020, Hyundai Motor acquired General Motors factory in Saint Petersburg, which has a capacity of 100,000 cars per annum. This is company’s second plant in the country.
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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 country-level data and insights on the Russia aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into Russia aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Russia aluminum casting market size, by process, 2017-2030 (US$M)
Russia Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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