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 |
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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