Die Casting & Forging Market by Type (Casting, Forging), Material (Aluminum, Copper, Lead), End-User - Global Forecast 2024-2030

Die Casting & Forging Market by Type (Casting, Forging), Material (Aluminum, Copper, Lead), End-User - Global Forecast 2024-2030

The Die Casting & Forging Market size was estimated at USD 111.28 billion in 2023 and expected to reach USD 120.61 billion in 2024, at a CAGR 8.88% to reach USD 201.96 billion by 2030.

Die casting & forging are metalworking processes that involve the shaping of metal by pressing, pounding, or squeezing it into a desired shape. In die casting, molten metal is pushed into a die cavity under high pressure and cooled to form a finished product. Forging involves pressing or hammering the metal at high temperatures to achieve the desired shape. Both processes require specialized tooling to obtain the desired results. Die casting & forging are commonly used for creating complex shapes and components that are otherwise difficult or impossible to produce using traditional methods. The growing inclination toward mechanization of industries and expansion of automotive and aerospace industries contribute to increased utilization of die casting & forging. On the contrary, the high cost, quality concerns, and need for large quantities of energy hinder the market expansion. However, integrating smart technologies to die casting & forging processes and the potential application of the process in the manufacturing of prefabricated building structures is expected to increase their usage in the coming years.

Regional Insights

The die casting & forging market in Asia, North America, and Europe is mature with the widespread adoption across high GDP-generating sectors, including automotive, agriculture, and aerospace. The utilization of die casting & forging across China, India, Japan, South Korea, the U.S., and Germany, among others, is characterized by the large capacity of economies to manufacture automotive components such as engine blocks, cylinder heads, medical equipment, or other industrial goods. Die casting and forging are particularly popular in the production of consumer electronics, such as laptop computers and cell phones in Japan, China, South Korea, and the United States. In addition, die casting and forging are often used to create high-precision components with high tolerances that require specialized tools and techniques to produce as the governments are focused on increasing the utilization of machines and equipment in major GDP-generating sectors. In 2020, the Government of India targeted doubling farm mechanization per hectare in ten years to enhance productivity. In developing economies, die casting and forging provide an efficient way to bring products to market at a lower cost. The improvements in die casting & forging techniques through smart technologies and increasing adoption to produce metal components are expected to boost its usage in the coming years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Die Casting & Forging Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Die Casting & Forging Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Die Casting & Forging Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alcast Technologies, All Metals & Forge Group, American Die Casting, Inc, Anchor-Harvey Components, LLC, Anderson Shumaker Company, Apex Aluminum Die Casting Co. Inc., Auto Diecasting Company, Bharat Forge Limited, Bodine Aluminum, Consolidated Metco, Inc., Druckguss Westfalen GmbH & Co.KG, Dynacast by Form Technologies, General Motors, Gibbs Die Casting, Indian Diecasting Industries, Ken Forging Inc., Laukötter GmbH, Leech Industries, Inc., Leggett & Platt, Mercury Marine by Brunswick Corporation, Miguss Peter Mies GmbH, Newcast Die Casting, Powers and Sons, LLC, Ryobi Die Casting, Seva Die Casting, SRS Diecasting Pvt. Ltd., The Federal Group USA, Valiant Alucast Technology Pvt. Ltd., Vexos, Wolf Group OÜ, Yamaha Motor Co., Ltd., and Zetwerk.

Market Segmentation & Coverage

This research report categorizes the Die Casting & Forging Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Casting
Cold Chamber Die Casting
Hot Chamber Die Casting

Forging
Closed Die Forging
Cold Die Forging
Open/Impression Die Forging
Seamless Rolled Ring Forging
Material
Aluminum

Copper

Lead

Magnesium

Steel

Zinc
End-User
Aerospace & Defense

Agriculture

Automotive & Transportation

Building & Construction

Manufacturing

Mining & Metallurgy

Oil & Gas
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Die Casting & Forging Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Die Casting & Forging Market?
3. What are the technology trends and regulatory frameworks in the Die Casting & Forging Market?
4. What is the market share of the leading vendors in the Die Casting & Forging Market?
5. Which modes and strategic moves are suitable for entering the Die Casting & Forging Market?PDF E-mail From Publisher (2-5)Users License