South Africa Aluminum Die Casting Market Size & Outlook
South Africa aluminum die casting market, 2017-2030 (US$M)
Related Markets
South Africa aluminum die casting market highlights
- The South Africa aluminum die casting market generated a revenue of USD 386.5 million in 2022 and is expected to reach USD 603.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.7% 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 386.5 million |
| Market revenue in 2030 | USD 603.9 million |
| Growth rate | 5.7% (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, South Africa accounted for 0.5% 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 Middle East & Africa, South Africa aluminum die casting market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 603.9 million by 2030.
Pressure die casting was the largest segment with a revenue share of 77.88% in 2022. Horizon Databook has segmented the South Africa aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
South Africa accounted for 15.0% of the overall Middle East & Africa aluminum die casting market in 2020. Increasing automotive production in the country is anticipated to augment the demand for aluminum die castings in the country over the forecast period.
For instance, in February 2021, Ford announced to invest USD 1.05 billion to upgrade operations in South Africa. With this investment, the installed capacity is expected to reach 200,000 vehicles from 168,000 vehicles. South Africa has huge plans for automotive industry.
With the South African Automotive Master Plan [SAAM] 2021 – 2035, the country aims at local market optimization, regional market development, infrastructure development, industry transformation, and technology & associated skill developments.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa aluminum die casting market size, by process, 2017-2030 (US$M)
South Africa Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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