Canada Aluminum Die Casting Market Size & Outlook
Canada aluminum die casting market, 2017-2030 (US$M)
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Canada aluminum die casting market highlights
- The Canada aluminum die casting market generated a revenue of USD 3,987.0 million in 2022 and is expected to reach USD 6,225.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.7% 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.
Aluminum die casting market data book summary
| Market revenue in 2022 | USD 3,987.0 million |
| Market revenue in 2030 | USD 6,225.1 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Pressure die casting |
| Fastest growing segment | Pressure Die Casting |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 5.5% of the global aluminum die 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 die 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 14,072.0 million by 2030.
Pressure die casting was the largest segment with a revenue share of 77.9% in 2022. Horizon Databook has segmented the Canada aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
Canada was the second-largest consumer of aluminum die casting in North America in 2020. The presence of automotive companies and equipment manufacturers in the country has led to the demand for aluminum die casting in Canada. The market growth was severely hit in 2020 owing to the COVID-19 pandemic.
Canada’s automotive production declined by 28% from 2019 to 2020. The decline in production is attributable to shutdown of manufacturing plants, supply chain issues, and steep decline in sales. However, the year 2021 is anticipated to witness recovery in automotive industry, which is expected to positively influence aluminum die casting demand.
Machinery manufacturing is also a vital application for aluminum die casting in the country. The construction machinery manufacturing revenue increased by 25% from 2019 to 2020. Furthermore, the need to push domestic manufacturing is anticipated to augment the need for aluminum die casting in Canada over 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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Canada aluminum die casting market size, by process, 2017-2030 (US$M)
Canada Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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