Die Casting

Die Casting

Global Die Casting Market to Reach US$133.9 Billion by 2030

The global market for Die Casting estimated at US$82.4 Billion in the year 2023, is expected to reach US$133.9 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2023-2030. Automotive End-Use, one of the segments analyzed in the report, is expected to record a 8.1% CAGR and reach US$61.2 Billion by the end of the analysis period. Growth in the Industrial Machinery End-Use segment is estimated at 7.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$12.4 Billion While China is Forecast to Grow at 8.5% CAGR

The Die Casting market in the U.S. is estimated at US$12.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$57.7 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Global Die Casting Market - Key Trends & Drivers Summarized

Die casting is a precision metal casting process that involves forcing molten metal under high pressure into mold cavities, typically made of hardened steel. This process is favored for producing high-volume parts with excellent surface finish, dimensional consistency, and defined details. Commonly used metals in die casting include aluminum, zinc, magnesium, and copper alloys. Each of these materials offers distinct benefits, such as lightweight properties for aluminum, corrosion resistance for zinc, and high strength and lightweight for magnesium. Die casting is widely applied in various industries, including automotive, electronics, and consumer goods. In the automotive sector, it is used for components like engine mounts, gearboxes, and complex door handles, while in consumer electronics, it serves to create intricately detailed parts like connectors and housings for mobile devices.

Technological advancements have significantly influenced the evolution of the die casting process, enhancing its efficiency and the quality of the output. One of the key trends in the industry is the integration of computer-aided engineering (CAE) systems, which allow for precise simulation and optimization of the die casting process before actual production begins. This technology helps in predicting possible defects and enables the design of molds that produce structurally and dimensionally accurate parts. Automation is another major trend, with robots now handling many of the tasks associated with die casting, including pouring, spraying, and extraction, which improves production speed and safety while reducing labor costs. Sustainability has also come to the forefront, with increasing demands for recycling and using environmentally friendly materials prompting the industry to innovate in the use of recycled materials and energy-efficient processes.

The growth in the die casting market is driven by several factors, including the increasing demand for lightweight materials in the automotive industry, advancements in technology, and the expansion of die casting applications across various industries. The automotive sector`s shift towards electric vehicles and fuel-efficient cars necessitates lightweight components, which boosts the demand for aluminum and magnesium die castings. Technological innovations, such as real-time shot control and high-speed die casting machines, enhance the process`s efficiency and the quality of the finished products, making die casting a more attractive option for manufacturers. The diversification of die casting into high-precision applications, such as aerospace and medical devices, also contributes to market growth. Moreover, consumer behavior towards more sustainable and high-quality products drives the demand for die cast parts, as they are durable, recyclable, and can be produced with high precision. As global manufacturing sectors continue to evolve, these factors collectively propel the expansion and technological progression within the die casting industry.

Select Competitors (Total 69 Featured) -

• Buhler AG
• Amada Co., Ltd.
• Carlton Die Castings Ltd.
• Dynacast International, Inc.
• Advance Die Cast LLC
• AE Group AG
• Alteams Oy
• Bardane Manufacturing Company
• Consolidated Metco, Inc.
• Endurance Technologies Ltd.
• Fisep Srl
• American Aluminum Casting Company
• GF Casting Solutions
• Aardwolf Australia Pty Limited
• Eastern Alloys, Inc.

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