Europe Aluminum Die Casting Market Size & Outlook
Europe aluminum die casting market, 2017-2030 (US$M)
Related Markets
Europe aluminum die casting market highlights
- The Europe aluminum die casting market generated a revenue of USD 14,714.3 million in 2022.
- The market is expected to grow at a CAGR of 4.9% 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, Turkey is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 14,714.3 million |
| Market revenue in 2030 | USD 21,562.2 million |
| Growth rate | 4.9% (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, Europe region accounted for 20.3% 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 79.35% in 2022. Horizon Databook has segmented the Europe aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
Europe held the second-largest share of the global aluminum die casting market in 2020. The market witnessed a sharp decline in 2020 on account of following factors, first, the industrial production in Europe has been witnessing slow growth for a few years due to overall financial shutdown and political reasons like Brexit, and secondly, the emergence of COVID-19 pandemic.
Post-pandemic, the European economy is expected to recover albeit at a slower pace compared to other regions. The European aluminum die casting market is dominated by major countries such as Germany, France, Italy, and Russia.
In Europe, manufacturers must pay an additional emission premium for excess CO2 emissions from their fleet. The motive behind the penalty payments is to curb the growing CO2 emissions. Emphasis towards lightweight materials is anticipated to augment demand for aluminum in Europe’s automotive industry 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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Europe aluminum die casting market size, by country, 2017-2030 (US$M)
Europe Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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