Automotive Metal Die Casting Market: Global Industry Analysis and Forecast (2023-2029)

Global Automotive Metal Die Casting Market size was valued at US$ 42.44 Billion in 2022 and the total Automotive Metal Die Casting revenue is expected to grow at 8.75% from 2023 to 2029, reaching nearly US$ 76.35 Billion.

Automotive Metal Die Casting Market Overview:

Die casting is an automated casting method in which a liquid melt is forced into a mold at a fast filling speed and under high pressure. Typically, low-melting-point alloys are utilized. Unlike sand casting, for example, this casting technique uses permanent metal molds that don’t have to be thrown away after casting, making it ideal for the series and mass manufacturing of components. Low wall thicknesses allow for the production of big, complicated components.Automotive Metal Die Casting MarketTo know about the Research Methodology :- Request Free Sample Report Die casting is utilized in many sectors, but the contemporary die casting method was created to meet the myriad metal part requirements of vehicle manufacturing. Die casting parts for automotive items such as trucks, leisure vehicles, and off-road vehicles have been done by companies like Premier Engineered Products for years. Automobile manufacturers are now attempting to satisfy objectives for high-tensile and strong automobile parts that are long-lasting, lightweight, and low-cost. In this report, the automotive metal dies casting market's growth reasons, as well as the market's many segments (Metal, Process Type, Application and, Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the automotive metal die casting market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global automotive metal die casting market situation.

Automotive Metal Die Casting Market Dynamics:

The Environmental Protection Agency's strict environmental laws to limit CO2 emissions, as well as the North American Die Casting Association's expanding activities to strengthen the technical workforce, are expected to drive the automotive metal die casting market growth in the forecast period (2023-29). Steel, which is heavier than aluminum, is used in automotive metal components. High fuel consumption, rising greenhouse gas emissions, and improved vehicle structural efficiency have prompted a consumer movement away from steel and toward lightweight metal die casting. Also, the North American Die Casting Association and the Occupational Safety and Health Administration (OSHA) are expected to drive global market growth during the forecast period due to their growing concern about improving workforce quality to improve energy efficiency, lower atmospheric emissions, minimize waste, and recyclability.

Automotive Metal Die Casting Market Segment Analysis:

By Metal, the Aluminium segment held the largest market share of 51.2% in 2022. It is expected to grow at the CAGR of 9.3% in the aforementioned forecast period. Its lightweight, cheap cost, durability, surface finishing possibilities, adaptability, and corrosion resistance features all contribute to the market growth of this segment. The bulk of the aluminum used in car bodies is alloy aluminum, which is heated to the appropriate strength by the end-user. Heat-treated aluminum alloys can outperform some steel grades in terms of strength while maintaining their low weight and malleability. Power tools that cannot cut through steel are capable of cutting through aluminum, resulting in cost and time benefits in the manufacturing process. When compared to mild steel, aluminum may be constructed to absorb up to two times the crash energy. Aluminum could save around 40 million tonnes of CO2 per year if it were to replace steel in today's automobiles, and over 85% of aluminum used in vehicles is recycled at the end of its lifespan. In the United States, the automobile sector is predicted to grow significantly in the same forecast period, and aluminum is expected to play an increasingly vital part in this lucrative market. By Application, the Engine parts segment dominated the market in 2022. It is expected to grow at a CAGR of 8.7% in the forecast period. This can be attributed to metal die casting having numerous applications in vehicle transmission parts. The hydraulic brakes elements of a car work together. Transmission components are known for their durability and high quality. The transmission system of an automobile is a complex series of mechanical processes. It is susceptible to the elements and the environment. Valve valves and clutch cylinders are two of the most often die-casted gearbox parts in the vehicle industry.

Automotive Metal Die Casting Market Regional Insights:

The Asia-Pacific region led the market, accounting for more than 45% of the market share in 2022, and it is predicted to grow at the quickest rate of 10.1% throughout the forecast period. China's automobile industry contributed 30% of the region's overall casting demand. The Chinese economy is rapidly growing, and middle-class consumers' discretionary income is rising as well. This, in turn, has a favorable impact on the vehicle's increasing demand. Because of the country's cheap production costs, automobile production has increased dramatically during the last 5 years and it is expected to continue the same trend in the forecast period as well. In China, passenger automobile sales are expected to drop 6.7% in 2022, to 19 million units, in comparison to the prior year. Thanks to the economic downturn and the emergence of the pandemic in the first half of 2021, this drop has persisted all across the Asia Pacific area in 2021. However, as a result of many steps taken by the government to improve the automotive sector, passenger vehicle sales are likely to rise throughout the forecast period, boosting demand for metal dies casting in the country. The objective of the report is to present a comprehensive analysis of the Automotive Metal Die Casting Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Automotive Metal Die Casting market dynamics, structure by analyzing the market segments and projecting the Automotive Metal Die Casting market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Metal Die Casting market make the report investor’s guide.

Automotive Metal Die Casting Market Scope: Inquiry Before Buying

Automotive Metal Die Casting Market
Base Year 2022 Forecast Period 2023-2029
Historical Data CAGR Market Size in 2022 Market Size in 2029
2018 to 2022 8.75% US$ 42.44 Bn US$ 76.35 Bn
Segments Covered
by Metal Aluminum Zinc Magnesium Others by Process Type High-Pressure Die Casting Gravity Die Casting Low-Pressure Die Casting Others by Application Structural Components Engine Parts Transmission Components Others
Regions Covered
North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America

Automotive Metal Die Casting Market Key Players

1. Kkr Metal Components 2. Neapco 3. ALPHA METAL INDUSTRIES 4. Hexie Metal Die Casting Co., Ltd 5. Nemak 6. Georg Fischer Automotive 7. Ryobi Die casting 8. Rheinmetall AG 9. Form Technologies Inc. (Dynacast) 10. Shiloh Industries 11. Koch Enterprises (Gibbs Die Casting Group) 12. Linamar Corporation 13. Bocar Group 14. Endurance Group 15. Sandhar technologies 16. Sundaram Clayton Ltd Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Metal Die Casting Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Automotive Metal Die Casting Market? Ans: The Global market is growing at a CAGR of 8.75% during forecasting period 2023-2029. 3. What is scope of the Global Automotive Metal Die Casting Market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automotive Metal Die Casting Market? Ans: The important key players in the Global market are – Kkr Metal Components, Neapco, ALPHA METAL INDUSTRIES, Hexie Metal Die Casting Co., Ltd, Nemak, Georg Fischer Automotive, Ryobi Die casting, Rheinmetall AG, Form Technologies Inc. (Dynacast), Shiloh Industries, Koch Enterprises (Gibbs Die Casting Group), Linamar Corporation, Bocar Group, Endurance Group, Sandhar technologies, and Sundaram Clayton Ltd 5. What is the study period of this Market? Ans: The Global market is studied from 2022 to 2029.
1. Automotive Metal Die Casting Market: Research Methodology 2. Automotive Metal Die Casting Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Automotive Metal Die Casting Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Automotive Metal Die Casting Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Automotive Metal Die Casting Market Segmentation 4.1 Automotive Metal Die Casting Market, by Application (2022-2029) • Structural Components • Engine Parts • Transmission Components • Others 4.2 Automotive Metal Die Casting Market, by Metal (2022-2029) • Aluminum • Zinc • Magnesium • Others 4.3 Automotive Metal Die Casting Market, by Process Type (2022-2029) • High-Pressure Die Casting • Gravity Die Casting • Low-Pressure Die Casting • Others 5. North America Automotive Metal Die Casting Market(2022-2029) 5.1 Automotive Metal Die Casting Market, by Application (2022-2029) • Structural Components • Engine Parts • Transmission Components • Others 5.2 Automotive Metal Die Casting Market, by Metal (2022-2029) • Aluminum • Zinc • Magnesium • Others 5.3 Automotive Metal Die Casting Market, by Process Type (2022-2029) • High-Pressure Die Casting • Gravity Die Casting • Low-Pressure Die Casting • Others 5.4 North America Automotive Metal Die Casting Market, by Country (2022-2029) • United States • Canada • Mexico 6. Asia Pacific Automotive Metal Die Casting Market (2022-2029) 6.1. Asia Pacific Automotive Metal Die Casting Market, by Application (2022-2029) 6.2. Asia Pacific Automotive Metal Die Casting Market, by Metal (2022-2029) 6.2. Asia Pacific Automotive Metal Die Casting Market, by Process Type (2022-2029) 6.2. Asia Pacific Automotive Metal Die Casting Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. The Middle East and Africa Automotive Metal Die Casting Market (2022-2029) 7.1 The Middle East and Africa Automotive Metal Die Casting Market, by Application (2022-2029) 7.2. The Middle East and Africa Automotive Metal Die Casting Market, by Metal (2022-2029) 7.2. The Middle East and Africa Automotive Metal Die Casting Market, by Process Type (2022-2029) 7.4. The Middle East and Africa Automotive Metal Die Casting Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Automotive Metal Die Casting Market (2022-2029) 8.1. Latin America Automotive Metal Die Casting Market, by Application (2022-2029) 8.2. Latin America Automotive Metal Die Casting Market, by Metal (2022-2029) 8.2. Latin America Automotive Metal Die Casting Market, by Process Type (2022-2029) 8.4 Latin America Automotive Metal Die Casting Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 9. European Automotive Metal Die Casting Market (2022-2029) 9.1. European Automotive Metal Die Casting Market, by Application (2022-2029) 9.2. European Automotive Metal Die Casting Market, by Metal (2022-2029) 9.3. European Automotive Metal Die Casting Market, by Process Type (2022-2029) 9.4. European Automotive Metal Die Casting Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1 Kkr Metal Components 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Neapco 10.3 ALPHA METAL INDUSTRIES 10.4 Hexie Metal Die Casting Co., Ltd 10.5 Nemak 10.6 Georg Fischer Automotive 10.7 Ryobi Die casting 10.8 Rheinmetall AG 10.9 Form Technologies Inc. (Dynacast) 10.10 Shiloh Industries 10.11 Koch Enterprises (Gibbs Die Casting Group) 10.12 Linamar Corporation 10.13 Bocar Group 10.14 Endurance Group 10.15 Sandhar technologies 10.16 Sundaram Clayton Ltd
  • INQUIRE BEFORE BUYING