Latin America Aluminum Die Casting Market Size & Outlook
Latin America aluminum die casting market, 2017-2030 (US$M)
Related Markets
Latin America aluminum die casting market highlights
- The Latin America aluminum die casting market generated a revenue of USD 3,865.1 million in 2022.
- The market is expected to grow at a CAGR of 5% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 3,865.1 million |
| Market revenue in 2030 | USD 5,701.7 million |
| Growth rate | 5% (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, Latin America region accounted for 5.3% 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 77.66% in 2022. Horizon Databook has segmented the Latin America aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
Central & South America is anticipated to witness the lowest CAGR compared to other regions of the global aluminum die casting market. The growth in the region was impacted in 2020, with the emergence of the COVID-19 pandemic, which can be reflected in the GDP of Central & South America that contracted by around 8% in the same year.
With governments initiatives toward economic recovery, the impact of the COVID-19 pandemic is expected to deteriorate, which is anticipated to augment the demand for aluminum die casting over the coming years. FDI is also likely to benefit market growth in the region.
Moreover, the increasing solar installations and upcoming construction projects are anticipated to augment the aluminum die casting market growth in the region in the coming years. Brazil, Argentina, Chile, Peru, and Uruguay are the prominent countries in the region, which are leading solar power generation owing to the favorable climatic conditions of high irradiation.
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 |
|---|
Latin America aluminum die casting market size, by country, 2017-2030 (US$M)
Latin America 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
