Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 50.79 Billion | USD 72.89 Billion | 3.7% | 2024 |
The global automotive part die casting market size was worth around USD 50.79 Billion in 2024 and is predicted to grow to around USD 72.89 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 3.7% between 2025 and 2034
The report analyzes the global automotive part die casting market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the automotive part die casting industry.
Die casting is a process that is used to produce metal parts by forcing molten metal under high pressure into a die cavity. This manufacturing process allows products to be made with the high degree of accuracy and repeatability. Die casting process also can produce fine details such as textured surfaces or names without any need for further processing.
increase in the middle-income group population coupled with rise in standard of living in emerging countries as well as developed nations have resulted into surge in sale of passenger vehicles. This has resulted in humungous demand for automotive part die casting across the globe. Reportedly, die casting in automotive sector is a special tool that is utilized for cutting automotive parts in uniform shapes through use of a press.
Product manufacturers prefer flexible die casting services that can suit original equipment manufacturer configuration setup along with meeting quality of products & volume output needs. Owing to launching of automated die casting production processes, the consumption of time in vehicle manufacture has come down drastically.
Key Growth Drivers:
The surge in per capita income of the population in emerging economies and the rise in vehicle production will drive the growth of the automotive part die-casting market. The need for reducing GHG emissions and focusing on enhancing fuel efficiency will drive market trends.
Restraints:
Fluctuations in raw material costs and the negative impact of COVID-19 on sales of the product will impede growth of industry.
Opportunities:
With products playing a key role in weight reduction and the need for effective designing as well as suppleness in creating complex components will open new growth avenues for the automotive part die casting industry.
Challenges:
Transportation activities are hit by the COVID-19 pandemic and changes in policies of governments regarding product approval & dales post-COVID conditions will impact demand-supply growth curvature and can pose a challenge to the business.
The global automotive part die casting market is segmented based on production type, raw material, application, end-user, vehicle type, and region.
On the basis of production type, the market is sectored into squeeze die-casting, semi-solid die-casting, pressure die-casting, and vacuum die-casting. Vacuum die-casting is poised to dominate the production type segment within the automotive part die casting market from 2022 to 2028. This growth is attributed to its superior ability to produce high-quality, weldable automotive components compared to traditional methods. By effectively eliminating air pockets during the casting process, vacuum die-casting ensures minimal defects and enhances the overall strength and integrity of the final product. This technology is particularly crucial for manufacturing large and complex automotive components where high-quality and reliability are paramount.
By Raw material, the automotive part die casting industry is divided into aluminum, magnesium, and zinc. The aluminum segment is growing at a high rate and is projected to dominate the global market. The growth trajectory of this segment is significantly influenced by the inherent properties of aluminum. Its lightweight nature, coupled with exceptional corrosion resistance, positions it as a prime candidate for various applications. Furthermore, aluminum's advantageous mechanical properties, thermal conductivity, and electrical conductivity further bolster its appeal. Crucially, aluminum's low density makes it an ideal choice for die casting, a critical process in automotive part manufacturing. The high strength exhibited by aluminum castings, even at extreme temperatures, further enhances its desirability within this sector.
In terms of application, industry is segregated into body assemblies, transmission components, and engine components.
Based on end-users, the automotive part die casting sector is divided into automotive OEMs and independent manufacturers.
In terms of vehicle type, the industry is sectored into passenger vehicles and commercial vehicles.
Report Attributes | Report Details |
---|---|
Report Name | Automotive Part Die Casting Market |
Market Size in 2024 | USD 50.79 Billion |
Market Forecast in 2034 | USD 72.89 Billion |
Growth Rate | CAGR of 3.7% |
Number of Pages | 185 |
Key Companies Covered | Consolidated Metco Inc., Endurance Technologies Limited, Rockman Industries, Ryobi Die-casting Inc., Alcast Technologies, Dynacast, and Howmet Aerospace Inc, and others. |
Segments Covered | By Production Type, By Raw Material, By Application, By End-User, By Vehicle Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2024 |
Forecast Year | 2025 to 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific To Dominate Automotive Part Die Casting Market Over 2022-2028
The growth of the regional market over the forecasting timespan is due to the thriving automotive vehicle sector in countries such as China with massive vehicle production & sales. The rise in the sale of passenger cars in countries such as Malaysia, India, China, and Indonesia will drive regional market trends.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the automotive part die casting market on a global and regional basis.
The global automotive part die casting market is dominated by players like:
The global automotive part die casting market is segmented as follows;
By Production Type
By Raw Material
By Application
By End-User
By Vehicle Type
By Region
FrequentlyAsked Questions
Die casting is a metal casting process where molten metal (often aluminum, magnesium, or zinc alloys) is forced into a precision steel mold (die). Once it cools and solidifies, the part is removed and usually requires minimal finishing.
The global automotive part die casting market is expected to grow due to increasing demand for lightweight and high-performance automotive components to improve fuel efficiency and reduce emissions, coupled with the growing automotive production worldwide.
According to a study, the global automotive part die casting market size was worth around USD 50.79 Billion in 2024 and is expected to reach USD 72.89 Billion by 2034.
The global automotive part die casting market is expected to grow at a CAGR of 3.7% during the forecast period.
Asia-Pacific is expected to dominate the automotive part die casting market over the forecast period.
Leading players in the global automotive part die casting market include Consolidated Metco Inc., Endurance Technologies Limited, Rockman Industries, Ryobi Die-casting Inc., Alcast Technologies, Dynacast, and Howmet Aerospace Inc, among others.
The report explores crucial aspects of the automotive part die casting market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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