North America Aluminum Die Casting Market Size & Outlook
North America aluminum die casting market, 2017-2030 (US$M)
Related Markets
North America aluminum die casting market highlights
- The North America aluminum die casting market generated a revenue of USD 13,796.3 million in 2022.
- The market is expected to grow at a CAGR of 5.8% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 13,796.3 million |
| Market revenue in 2030 | USD 21,677.2 million |
| Growth rate | 5.8% (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, North America region accounted for 19.0% 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 75.92% in 2022. Horizon Databook has segmented the North America aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
North America is among the fastest-growing regional segments of the market. The growth is owing to strict emission rules in the U.S. and growth of industrial sector in Mexico. Increasing use of aluminum in vehicle manufacturing has a direct and positive impact on the demand for aluminum die casting.
North America is one of the largest global producers of automobiles and is thus, anticipated to witness steady growth over the forecast period. The market growth witnessed a steep decline in 2020 owing to the severe impact of the COVID-19 pandemic on various economies in the region.
The production and sales of end-use industries in the region were largely impacted on account of increasing spread of the virus in the region. Companies were compelled to either shut down their operations or operate at extremely minimal capacity, which affected the demand for raw materials.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
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North America aluminum die casting market size, by country, 2017-2030 (US$M)
North America Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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