Asia Pacific Aluminum Die Casting Market Size & Outlook
Asia Pacific aluminum die casting market, 2017-2030 (US$M)
Related Markets
Asia Pacific aluminum die casting market highlights
- The Asia Pacific aluminum die casting market generated a revenue of USD 36,919.6 million in 2022.
- The market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
- In terms of segment, pressure die casting was the largest revenue generating process in 2022.
- Pressure Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 36,919.6 million |
| Market revenue in 2030 | USD 58,100.5 million |
| Growth rate | 5.8% (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 |
| Key market players worldwide | Aluminum Corp of China Ltd Class H, Amsted Industries, Confluent Inc Class A, Georg Fischer AG, Martinrea International Inc, Madison Industries, Ryobi Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 50.9% of the global aluminum die casting market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 21,677.2 million by 2030.
Pressure die casting was the largest segment with a revenue share of 78.95% in 2022. Horizon Databook has segmented the Asia Pacific aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
As of 2020, Asia Pacific was the largest regional market in the global aluminum die casting market. The growth in the region can be attributed to developing economies, such as China, India, and South Korea, which are witnessing increasing spending in the manufacturing sector along with other endues industries.
As of 2020, China and India are among the top six countries, in terms of spending on military expenditure, which is expected to increase the manufacturing of several military equipment, thereby boosting the demand for aluminum die casting. Like other regions, Asia Pacific was majorly affected by the outbreak of the COVID-19 pandemic in 2020.
However, countries in the region, especially China, showed recovery signs. The rapid growth in the construction and infrastructure projects in the region is expected to spur the demand for aluminum die casting in the coming years.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific aluminum die casting market size, by country, 2017-2030 (US$M)
Asia Pacific Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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