China Aluminum Die Casting Market Size & Outlook
China aluminum die casting market, 2017-2030 (US$M)
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China aluminum die casting market highlights
- The China aluminum die casting market generated a revenue of USD 4,024.2 million in 2022 and is expected to reach USD 6,810.0 million by 2030.
- The China market is expected to grow at a CAGR of 6.8% 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.
Aluminum die casting market data book summary
| Market revenue in 2022 | USD 4,024.2 million |
| Market revenue in 2030 | USD 6,810.0 million |
| Growth rate | 6.8% (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, China 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 Asia Pacific, China aluminum die casting market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,938.1 million by 2030.
Pressure die casting was the largest segment with a revenue share of 78.62% in 2022. Horizon Databook has segmented the China aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
China accounts for a significant share in the market considering the widespread presence of end-use industries in the country. It is one of the largest manufacturing hubs in the world. Moreover, China spends a huge amount on military & defense.
Although China’s manufacturing operations were also impacted owing to the COVID-19 pandemic, the country reported fast recovery compared to other parts of the world. For instance, China’s auto sales witnessed a decline of 22.4% in the first half of 2020; however, the country is showing signs of recovery as the sales rose by 1.8% in June 2020 compared to the same period during the previous year.
China accounted for largest share of 32.5% of the global vehicle production in 2020. Where the global vehicle production declined by 16% from 2019 to 2020, the decline in China was merely 2%. Solar panel output in China increased by 15.7% in the first half of 2020 as compared to the same period in 2019.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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China aluminum die casting market size, by process, 2017-2030 (US$M)
China Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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