Germany Aluminum Die Casting Market Size & Outlook
Germany aluminum die casting market, 2017-2030 (US$M)
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Germany aluminum die casting market highlights
- The Germany aluminum die casting market generated a revenue of USD 3,345.2 million in 2022 and is expected to reach USD 4,977.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.1% 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 3,345.2 million |
| Market revenue in 2030 | USD 4,977.9 million |
| Growth rate | 5.1% (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, Germany accounted for 4.6% 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 Europe, Germany aluminum die casting market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 1,926.7 million by 2030.
Pressure die casting was the largest segment with a revenue share of 83.68% in 2022. Horizon Databook has segmented the Germany aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
Germany is one of the key players in the global automotive sector. The established automotive sector of Germany is projected to witness sluggish growth as many market giants had to announce the temporary closure of their manufacturing plants on account of the COVID-19 pandemic.
However, at present, the technology is far from mature and requires reliable & robust strategic guidelines from policymakers. Research has shown that the shifting paradigm toward electric engines is likely to positively influence the aluminum die casting market in Germany.
For instance, aluminum castings are used for producing battery housings for car manufacturers in Germany. Industrial production fell largely in the country in 2020 and has not shown any major recovery in 2021, owing to the COVID-19 restrictions.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany aluminum die casting market size, by process, 2017-2030 (US$M)
Germany Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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