Russia Aluminum Die Casting Market Size & Outlook
Russia aluminum die casting market, 2017-2030 (US$M)
Related Markets
Russia aluminum die casting market highlights
- The Russia aluminum die casting market generated a revenue of USD 1,554.0 million in 2022 and is expected to reach USD 2,197.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 4.4% 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 1,554.0 million |
| Market revenue in 2030 | USD 2,197.0 million |
| Growth rate | 4.4% (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, Russia accounted for 2.1% 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 82.73% in 2022. Horizon Databook has segmented the Russia aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
Russia is among the world’s leading producers of primary aluminum, which is a positive aspect of the market. The growth of industrial sector in the country is expected to prove fruitful for aluminum die castings. Machine-building industry is of vital importance in Russia, backed by high-technology manufacturing.
Rise in manufacturing of machinery in the country is expected to augment the use of aluminum die cast components over the coming years. Agricultural industry holds major significance in Russia as well. Good crop yield and government support for farmers influence the demand for agricultural equipment in the country.
For example, decree no. 1432 allows agricultural producers to purchase agricultural machines at a discounted price. These factors influence the sales and eventually the production of agricultural equipment in the country. The sales of agricultural machinery increased by 53% in Q1 2021.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia aluminum die casting market size, by process, 2017-2030 (US$M)
Russia Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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