U.S. Aluminum Die Casting Market Size & Outlook, 2022-2030
U.S. aluminum die casting market, 2017-2030 (US$M)
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U.S. aluminum die casting market highlights
- The U.S. aluminum die casting market generated a revenue of USD 8,908.1 million in 2022 and is expected to reach USD 14,072.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.9% 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 8,908.1 million |
| Market revenue in 2030 | USD 14,072.0 million |
| Growth rate | 5.9% (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, U.S. accounted for 12.3% 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 North America, U.S. aluminum die casting market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 14,072.0 million by 2030.
Pressure die casting was the largest segment with a revenue share of 74.81% in 2022. Horizon Databook has segmented the U.S. aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
The U.S was a major consumer of aluminum die casting in the region in 2020. The country is witnessing a decline in the consumption of aluminum die casting owing to the falling demand from application industries such as construction and automotive, which is expected to have a negative impact on the market.
The U.S. is one of the leading producers of automobiles, including commercial and passenger vehicles, with the presence of several global leading manufacturers such as General Motors, Fiat Chrysler Automobiles, Toyota, and Ford Motors.
Moreover, the demand for aluminum die casting is also attributable to high military spending by the country. The U.S. has been ranking first, in terms of military spending, in the world past many years. The utilization of castings in military aircraft and other equipment is anticipated to be augmented by the rising spending in the military sector.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
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U.S. aluminum die casting market size, by process, 2017-2030 (US$M)
U.S. Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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