South Africa Aluminum Casting Market Size & Outlook
South Africa aluminum casting market, 2017-2030 (US$M)
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South Africa aluminum casting market highlights
- The South Africa aluminum casting market generated a revenue of USD 429.2 million in 2022 and is expected to reach USD 657.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.5% 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 429.2 million |
| Market revenue in 2030 | USD 657.7 million |
| Growth rate | 5.5% (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, South Africa accounted for 0.5% 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 Middle East & Africa, South Africa aluminum casting market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 657.7 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 90.05% in 2022. Horizon Databook has segmented the South Africa aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
South Africa held a revenue share of 2.5% of the Middle East & Africa aluminum casting market in 2020. Growth in the manufacturing sector coupled with rising preference by manufacturing companies to set up plants in the country is expected to augment demand for aluminum castings, especially in the industrial applications.
For instance, in March 2020, an Austrian packaging manufacturer, Alpla, announced a new production site near Johannesburg that will combine the manufacturing activities of its five existing plants. In April 2020, Nestlé South Africa announced the development of a new manufacturing plant worth nearly USD 91.4 million to meet the increasing demand for coffee.
Moreover, the country is expected to witness investments in automotive production as well. For example, in August 2020, Hyundai announced an assembly line of light delivery vehicles in Gauteng. The company has plans to eventually manufacture cars in the country. Such investments are expected to boost the demand for aluminum casting in the country across the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into South Africa aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa aluminum casting market size, by process, 2017-2030 (US$M)
South Africa Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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