Italy Aluminum Die Casting Market Size & Outlook
Italy aluminum die casting market, 2017-2030 (US$M)
Related Markets
Italy aluminum die casting market highlights
- The Italy aluminum die casting market generated a revenue of USD 1,173.1 million in 2022 and is expected to reach USD 1,743.3 million by 2030.
- The Italy 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 1,173.1 million |
| Market revenue in 2030 | USD 1,743.3 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, Italy accounted for 1.6% 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 77.96% in 2022. Horizon Databook has segmented the Italy aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
Italy is the home to motorsport racing with the presence of giants such as Ferrari, Lamborghini, Maserati, and Alfa Romeo. The growth of the aluminum die casting market in Italy can largely be attributed to the transportation segment.
The aerospace & defense industry holds major significance in the country’s manufacturing sector and is vital in terms of innovation as well as technological advancements. Aluminum die cast parts find applications in aircraft production due to their lightweight and other properties.
Furthermore, in January 2021, Leonardo S.p.A., a major player in the aerospace & defense industry, announced plans to invest EUR 360 million (~USD 436 million) in the coming years to modernize four factories located in Southern Italy.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy aluminum die casting market size, by process, 2017-2030 (US$M)
Italy Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
