Middle East & Africa Aluminum Die Casting Market Size & Outlook
Middle East & Africa aluminum die casting market, 2017-2030 (US$M)
Related Markets
MEA aluminum die casting market highlights
- The MEA aluminum die casting market generated a revenue of USD 3,279.3 million in 2022.
- The market is expected to grow at a CAGR of 5.3% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 3,279.3 million |
| Market revenue in 2030 | USD 4,950.0 million |
| Growth rate | 5.3% (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, MEA region accounted for 4.5% 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 77.93% in 2022. Horizon Databook has segmented the Middle East & Africa aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
Developing economies in the region are expected to propel market growth over the forecast period. The region holds a strong position in the global oil & gas production market. Infrastructural developments in oil & gas sector are anticipated to benefit aluminum die casting demand in the region.
The region struggles to attract FDIs owing to various constraints such as climate weaknesses and geopolitical tensions. Besides, the region was hard hit by the COVID-19 pandemic, which further impacted economic growth.
The demand for solar energy in the region is increasing significantly. In March 2018, one of the largest solar power plants in the world was built in Egypt, which consists of 200 thousand solar panels, generating 1.8 GW of power (sufficient for 20 thousand households).
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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 |
|---|
MEA aluminum die casting market size, by country, 2017-2030 (US$M)
Middle East & Africa 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
