Global Aluminum Die Casting Market Size & Outlook
Global aluminum die casting market, 2017-2030 (US$M)
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Global aluminum die casting market highlights
- The global aluminum die casting market generated a revenue of USD 72,574.6 million in 2022 and is expected to reach USD 111,991.5 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.6% by 2030.
- In terms of segment, pressure die casting accounted for a revenue of USD 56,857.3 million in 2022.
- Pressure Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 72,574.6 million |
| Market revenue in 2030 | USD 111,991.5 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Pressure die casting |
| Fastest growing segment | Pressure 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 | Pressure Die Casting |
Other key industry trends
- In terms of revenue, the North America accounted for 19.0% of the global aluminum die casting market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 3,032.8 million by 2030.
Pressure die casting was the largest segment with a revenue share of 78.34% in 2022. Horizon Databook has segmented the Global aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
The automotive industry holds major significance in the aluminum die casting market. Although the overall vehicle production is declining at a global level, the penetration of EVs is increasing rapidly. The growing production of EVs is anticipated to prove beneficial to the demand for aluminum die casting in the coming years.
The EV industry is an emerging key end-user of the market, where casting is finding applications in the assembly of battery and in body component. The rising population and increasing disposable incomes of consumers in these economies are significantly driving automobile production.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
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Global aluminum die casting market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Aluminum die casting market size, 2022 (USD Million)
Top 10 countries: Aluminum die casting market size, 2022 (USD Million)
Global aluminum die casting market, by region, 2022 (US$M)
Related regional statistics
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