U.S. Aluminum Casting Market Size & Outlook, 2022-2030
U.S. aluminum casting market, 2017-2030 (US$M)
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U.S. aluminum casting market highlights
- The U.S. aluminum casting market generated a revenue of USD 11,726.8 million in 2022 and is expected to reach USD 17,914.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.4% 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 11,726.8 million |
| Market revenue in 2030 | USD 17,914.3 million |
| Growth rate | 5.4% (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, U.S. accounted for 12.9% 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 North America, U.S. aluminum casting market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 17,914.3 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 75.96% in 2022. Horizon Databook has segmented the U.S. aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
In 2020, the U.S. accounted for the largest volume share of 63.4% of North America aluminum casting market and this trend is expected to continue over the forecast period. The high market share is attributed to the rise in military spending in the country coupled with rising investments in automation and robotics.
The U.S. has been ranking first, in terms of military spending, in the world since past many years. The utilization of castings in military aircraft and other equipment is anticipated to be augmented with rising spending in the military sector.
The strict emission laws imposed by the U.S. EPA are a key driver for the aluminum casting market in the country. The regulations aim to reduce greenhouse gas emissions from automobiles by increasing the fuel efficiency of the vehicle, which can be effectively achieved by making the vehicle light.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into U.S. aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. aluminum casting market size, by process, 2017-2030 (US$M)
U.S. Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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