Global Aluminum Die Casting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aluminum Die Casting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Aluminum die casting alloys are lightweight and possess high dimensional stability for complex part geometries and thin walls. Aluminum withstands good corrosion resistance and mechanical properties as well as high thermal and electrical conductivity, making it a good alloy for die casting. Low-density aluminum metals are essential to the die casting industry. The Aluminum Die Casting process retains a durable strength at very high temperatures, requiring the use of cold chamber machines. The molten metal is still contained in an open holding pot which is placed into a furnace, where it is melted to the necessary temperature. The open holding pot is kept separate from the die casting machine and the molten metal is ladled from the pot for each casting because these high temperatures would damage the normal pumping system. The pressure requirements for cold chamber castings are typically higher than those of hot chamber die castings.

Market Overview:

The latest research study on the global Aluminum Die Casting market finds that the global Aluminum Die Casting market reached a value of USD 12246.81 million in 2022. It’s expected that the market will achieve USD 17254.67 million by 2028, exhibiting a CAGR of 5.88% during the forecast period.

Opportunities

Aluminum alloy has a series of advantages such as low density, high strength, good forming performance, corrosion resistance and so on.

In the automotive industry, aluminum alloy bodies have always been an important means of reducing the weight of automobiles. The density of aluminum alloy is only 1/3 of that of steel parts. Therefore, under the condition of meeting the same rigidity and strength, replacing steel structural parts with aluminum alloy parts can theoretically achieve a weight reduction of more than 45%. However, because the elastic modulus of aluminum alloy materials is only 1/3 of that of steel, in practical engineering applications, aluminum alloy parts can generally achieve a weight reduction of more than 30% when replacing steel parts.

Stamping technology occupies a dominant position in the current automotive industry, especially in the forming technology of car body outer panels. However, there are a series of problems in the stamping process, such as complex process, multiple procedures, serious springback, high mold cost, etc., and the die-casting process can effectively make up for these shortcomings. The die-casting process is an efficient precision casting technology. The principle is that molten or semi-molten metal fills the entire die-casting cavity at high speed under high temperature and high pressure conditions, and cools and solidifies under high pressure to form castings.

Challenges

Due to the tools and engineering and development workload involved in part design and production, most die-cast aluminum parts are exclusively purchased. The customer must verify the first article inspection report of all dimensions of the part, which may be too cumbersome and time-consuming, and in some large components, the quantity is not attractive enough to obtain multiple suppliers.

For transportation:

In large engines and industrial applications, the size and weight of components limit sourcing options. Some large die-casting parts are too large to consider suppliers outside a certain geographic area. Manufacturers must choose die-casting suppliers close to the factory due to transportation costs.

Capacity limitation:

When the die casting supplier reaches full capacity, a large amount of capital investment is required to increase production capacity or manpower. When customer demand increases significantly, the inability to quickly increase capacity limits the ability to meet customer demand.

Company Overview:

Nemak is one of the major players operating in the Aluminum Die Casting market, holding a share of 9.76% in 2022.

Nemak

Nemak is a leading provider of innovative lightweighting solutions for the global automotive industry, specializing in the development and manufacturing of aluminum components for powertrain and body structure applications.

Ryobi

Ryobi offers full service Die-Cast solutions. Their strengths include die design and die making capabilities within the Ryobi Group, melting and alloying in-house, casting, finishing, machining, and assembly.

Segmentation Overview:

As for product types, the High Pressure Die Casting segment held the largest market share in 2022.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Aluminum Die Casting market covered in Chapter 3:

LTH Castings
Endurance Technologies Private Limited
Officine Meccaniche Rezzatesi
Guangdong Hongtu
AE Group
Ahresty
Nemak
Handtmann
Sipra Engineers Pvt. Ltd.
Jaya Hind Industries Pvt. Ltd
Chicago White Metal Casting Inc.
KPSNC
GF Casting Solutions
Ryobi
Dynacast

In Chapter 4 and Chapter 14.2, on the basis of types, the Aluminum Die Casting market from 2018 to 2029 is primarily split into:

High Pressure Die Casting
Low Pressure Die Casting

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aluminum Die Casting market from 2018 to 2029 covers:

Transportation
Construction Equipment
Building & Construction
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)