All updated as on -
The global die casting market was worth 114.26 billion USD in 2023 and is expected to reach 181 billion USD by 2031, expanding from 121 billion USD in 2024 at a CAGR of 7.2%.
As more and more companies seek out effective and cost-effective ways to make metal components and additives, the die casting business around the world is continuing its upward trend. This style is supported by the widespread use of die casting in many sectors, including as the automotive, aerospace, electronics, and consumer goods industries. For these industries, die casting remains the go-to production method due to its stellar reputation for producing complex, high-precision parts with impeccable dimensional correctness.
Sustained expansion in the market is being propelled by ongoing advancements in materials, production, and die casting techniques, all of which are contributing to higher product satisfaction and lower environmental impacts. Companies are being shaped by a number of factors, including increased sustainability efforts, changing regulatory environments, and competitive challenges. As a result, these forces are pushing businesses to innovate and adapt to the ever-changing dynamics of the market. Overall, the global die casting market demonstrates an exceptional capacity to persist and change in response to the dynamic demands of various sectors.
Die casting is a mechanical casting method that uses pressure to mold molten metal into a precise shape, allowing for the automated delivery of metal parts with a precise geometry. When comparing die-cast components to their plastic injection-molded counterparts, die-cast components are more robust. When opposed to casting strategies that involve thick walls, thin wall castings are both lightweight and sturdy. Dimensionally stable and long-lasting components are what die casting is all about. In comparison to plastic injection molded components of the same size, die-cast components are both more sturdy and resistant to heat.
The worldwide die casting market is expected to experience substantial growth throughout the projected period, thanks to the rising complexity of supply chains and the massive expansion of the automotive sector. The expanding construction industry and the increasing use of die casting components in manufacturing machines are two more factors that will contribute to the expansion of this market.
HIV/AIDS —The die casting industry has been hit hard in many countries due to the 19 outbreak and the corresponding shutdowns. The world's manufacturing industry may feel the pinch of the pandemic in the middle of 2020. Consequently, the market's expansion was curbed by the slowdown in production rates caused by the pandemic-related disruptions in the early months of 2020. The market recovered its lost steam by the year's end 2020 after restrictions were loosened.
The die casting market is being propelled by technological developments like the rise of high-performance alloys and the automation of die casting processes. Product quality, production costs, and efficiency are all improved by these advancements, which boosts market growth. One major obstacle in the die casting industry is the prevalence of strict environmental regulations and sustainability concerns. Producers within the industry face operating hurdles and compliance expenses due to environmental rules, particularly those pertaining to waste management and emissions.
To reduce their impact on the environment, manufacturers are embracing green materials and practices. Furthermore, in order to satisfy the demands of environmentally conscious consumers and conform to global sustainability goals, there is an increasing understanding of the importance of recycling and strength-green production techniques. Along with technological advancements in eco-friendly procedures, this style is changing the face of die casting.
Report Coverage
Global Die Casting research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Die Casting report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Die Casting competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Die Casting market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Die Casting market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Die Casting market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Alcast Technologies, Arconic, Consolidated Metco, Inc., Dynacast International Inc., Gibbs Die Casting, Ryobi die casting Inc., Bodine Aluminum, Martinrea Honsel Germany GmbH, Leggett & Platt, Endurance Technologies Ltd., Empire Die Casting Company, Alcoa Inc., Hitachi Metals Ltd, Nemak S.A.B. de C.V., GF Casting Solution AG, Shiloh Industries Inc., Rheinmetall Automotive AG, Sigma Electric Manufacturing Corp., Pace Industries, and Guangdong Yizumi
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Die Casting market based on the below-mentioned segments:
Global Die Casting Market, By Raw Material
Aluminum
Maginesium
Zinc
Global Die Casting market, By Application
Automotive
Electrical and Electronics
Industrial
Other
Global Die Casting Market, By Process
Pressure Die Casting
Vacuum Die Casting
Squeeze Die Casting
Other Processes
Global Die Casting market, Regional Analysis
As more and more companies seek out effective and cost-effective ways to make metal components and additives, the die casting business around the world is continuing its upward trend. This style is supported by the widespread use of die casting in many sectors, including as the automotive, aerospace, electronics, and consumer goods industries. For these industries, die casting remains the go-to production method due to its stellar reputation for producing complex, high-precision parts with impeccable dimensional correctness.
Sustained expansion in the market is being propelled by ongoing advancements in materials, production, and die casting techniques, all of which are contributing to higher product satisfaction and lower environmental impacts. Companies are being shaped by a number of factors, including increased sustainability efforts, changing regulatory environments, and competitive challenges. As a result, these forces are pushing businesses to innovate and adapt to the ever-changing dynamics of the market. Overall, the global die casting market demonstrates an exceptional capacity to persist and change in response to the dynamic demands of various sectors.
Die casting is a mechanical casting method that uses pressure to mold molten metal into a precise shape, allowing for the automated delivery of metal parts with a precise geometry. When comparing die-cast components to their plastic injection-molded counterparts, die-cast components are more robust. When opposed to casting strategies that involve thick walls, thin wall castings are both lightweight and sturdy. Dimensionally stable and long-lasting components are what die casting is all about. In comparison to plastic injection molded components of the same size, die-cast components are both more sturdy and resistant to heat.
The worldwide die casting market is expected to experience substantial growth throughout the projected period, thanks to the rising complexity of supply chains and the massive expansion of the automotive sector. The expanding construction industry and the increasing use of die casting components in manufacturing machines are two more factors that will contribute to the expansion of this market.
HIV/AIDS —The die casting industry has been hit hard in many countries due to the 19 outbreak and the corresponding shutdowns. The world's manufacturing industry may feel the pinch of the pandemic in the middle of 2020. Consequently, the market's expansion was curbed by the slowdown in production rates caused by the pandemic-related disruptions in the early months of 2020. The market recovered its lost steam by the year's end 2020 after restrictions were loosened.
The die casting market is being propelled by technological developments like the rise of high-performance alloys and the automation of die casting processes. Product quality, production costs, and efficiency are all improved by these advancements, which boosts market growth. One major obstacle in the die casting industry is the prevalence of strict environmental regulations and sustainability concerns. Producers within the industry face operating hurdles and compliance expenses due to environmental rules, particularly those pertaining to waste management and emissions.
To reduce their impact on the environment, manufacturers are embracing green materials and practices. Furthermore, in order to satisfy the demands of environmentally conscious consumers and conform to global sustainability goals, there is an increasing understanding of the importance of recycling and strength-green production techniques. Along with technological advancements in eco-friendly procedures, this style is changing the face of die casting.
Report Coverage
Global Die Casting research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Die Casting report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Die Casting competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Die Casting market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Alcast Technologies, Arconic, Consolidated Metco, Inc., Dynacast International Inc., Gibbs Die Casting, Ryobi die casting Inc., Bodine Aluminum, Martinrea Honsel Germany GmbH, Leggett & Platt, Endurance Technologies Ltd., Empire Die Casting Company, Alcoa Inc., Hitachi Metals Ltd, Nemak S.A.B. de C.V., GF Casting Solution AG, Shiloh Industries Inc., Rheinmetall Automotive AG, Sigma Electric Manufacturing Corp., Pace Industries, and Guangdong Yizumi |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Die Casting Market from 2021 to 2031.
- Market Forecast for Die Casting Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Die Casting competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Die Casting
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Die Casting market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Die Casting market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Alcast Technologies, Arconic, Consolidated Metco, Inc., Dynacast International Inc., Gibbs Die Casting, Ryobi die casting Inc., Bodine Aluminum, Martinrea Honsel Germany GmbH, Leggett & Platt, Endurance Technologies Ltd., Empire Die Casting Company, Alcoa Inc., Hitachi Metals Ltd, Nemak S.A.B. de C.V., GF Casting Solution AG, Shiloh Industries Inc., Rheinmetall Automotive AG, Sigma Electric Manufacturing Corp., Pace Industries, and Guangdong Yizumi
Primary Target Market
- Market Players of Die Casting
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Die Casting market based on the below-mentioned segments:
Global Die Casting Market, By Raw Material
Aluminum
Maginesium
Zinc
Global Die Casting market, By Application
Automotive
Electrical and Electronics
Industrial
Other
Global Die Casting Market, By Process
Pressure Die Casting
Vacuum Die Casting
Squeeze Die Casting
Other Processes
Global Die Casting market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive die casting market market research and competitor analysis for your business to help you develop more profound insights into the die casting market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the die casting market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.