Japan Aluminum Die Casting Market Size & Outlook
Japan aluminum die casting market, 2017-2030 (US$M)
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Japan aluminum die casting market highlights
- The Japan aluminum die casting market generated a revenue of USD 3,534.9 million in 2022 and is expected to reach USD 5,593.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.9% 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.
Aluminum die casting market data book summary
| Market revenue in 2022 | USD 3,534.9 million |
| Market revenue in 2030 | USD 5,593.1 million |
| Growth rate | 5.9% (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, Japan accounted for 4.9% 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 77.91% in 2022. Horizon Databook has segmented the Japan aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
Japan is known for the technological advancements it has made over the years. It is one of the most developed countries in the world. The country’s economic growth shrank in 2020, which can mainly be attributed to capital expenditure that was hard hit due to the outbreak of COVID-19. The country is recovering from the economic slump as end-use industries are resuming their operations.
In 2020, Japan was the second-largest automobile producer in Asia Pacific, after China and third largest in the world. The presence of major automotive players in the country and growth of the EV industry are anticipated to boost the demand for aluminum die casting in the coming years.
The country is a significant producer and exporter of automobiles and thus, generates considerable demand for aluminum die casting. Moreover, a rise in the demand for aluminum die casting can be witnessed in the energy sector as the construction of energy projects resume in the country.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
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Japan aluminum die casting market size, by process, 2017-2030 (US$M)
Japan Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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