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

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

Die casting is a metal fabrication process that involves pressing molten metal under high pressure into a reusable metal mold. EV Die Casting Components refers to die castings used in electric vehicles.

Market Overview:

The latest research study on the global EV Die Casting Components market finds that the global EV Die Casting Components market reached a value of USD 6217.19 million in 2022. It’s expected that the market will achieve USD 58609.77 million by 2028, exhibiting a CAGR of 45.34% during the forecast period.

All-in-one EV Die Casting Components

Driven by the demand for lightweight design of electric vehicle bodies, the key parts of the body are developing in the direction of thin walls, high performance, and large-scale. Integrated die-casting refers to the high-level integration of multiple separate and dispersed aluminum alloy parts through a large-tonnage die-casting machine, and then molding and die-casting into 1-2 large aluminum castings, thereby replacing multiple parts by stamping and then welding them together. The way. For complete machine manufacturing companies, integrated die-casting products have greatly improved the production efficiency of automobile manufacturing plants and reduced production time compared with traditional process products. In general, one-piece die-casting products can shorten operating costs and reduce manufacturing costs for automotive manufacturers. Therefore, the currently integrated die-casting has become a common phenomenon in the industry, and the market demand for integrated die-casting products is increasing. For example, the design of the electric drive housing will also move from a stand-alone to an integrated design. From reducer, motor and electronic control have their own independent shell design, to the integration of motor, reducer and electronic control shell. With the development of high vacuum die casting technology, large tonnage dies casting machines and advanced molds, integrated EV Die Casting Components products will be the main direction of industry development.

Risk of Volatility in the Electric Vehicle Industry

The main market for EV Die Casting Components is in the field of electric vehicle components. In recent years, the electric vehicle market has grown rapidly, but the proportion of the total vehicle production and sales is still low, and the market promotion is still faced with many uncertain factors, such as the reduction of new energy vehicle subsidies year by year, the insufficient coverage of charging piles, and the inability to fully meet the cruising range. There are still differences in consumer demand and technology routes. In the future, if the development of the new energy vehicle market is repeated and the growth of production and sales is hindered, the company, as a supplier of new energy vehicle parts, if the above changes occur in the downstream industry, it will greatly affect the company's product sales and thus the company's operations performance.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (49.41% in 2021).

Company Overview:

RYOBI is one of the major players operating in the EV Die Casting Components market, holding a share of 12.32% in 2022.

RYOBI

Ryobi Limited has accumulated innovative technologies by manufacturing various components mainly for the automotive industry. The company mainly includes die-casting parts, builders' hardware, printing equipment, and four business segments of power tools. Ryobi is a world leader in die-casting manufacturing and offers a wide range of products including cylinder blocks, transmissions and chassis for the automotive industry.

Hitachi Metals

Hitachi Metals is a Japan-based company that operates through four divisions. The Advanced Metal Products and Materials segment produces specialty steels, rolls, amorphous metals and cutting tools. The Magnetic Materials and Applications segment produces magnets, soft ferrites, other soft magnetic materials, and more. The Premium Functional Components and Equipment segment produces foundry components, plumbing components and building components. The Wire, Cable and Related Products segment manufacture wire and cable, automotive products and information systems. Infrastructure, automotive and electronics are the target areas for the company's products.

Segmentation Overview:

By type, High Pressure Die Casting (HPDC) segment accounted for the largest share of market in 2021.

High Pressure Die Casting (HPDC)

In the process of high pressure die casting, molten metal or metal alloy is injected into the mold at high speed and pressure. High pressure die casting technology can produce very large light alloy parts at high volume and high speed.

Gravity Die Casting (GDC)

In gravity die casting, molten metal is poured directly from a ladle into semi-permanent or permanent molds. Gravity die casting technology is very suitable for the production of various complex aluminum castings for auto parts, such as turbochargers, brake calipers, steering knuckles, engine cylinder heads.

Low Pressure Die Casting (LPDC)

Low pressure die casting (LPDC) is a process commonly used in foundries today, in which molten metal slowly fills the mold, reducing turbulence. Automotive applications include wheels as well as suspension, steering and engine components.

Application Overview:

The market's largest segment by application is the segment Passenger Vehicle, with a market share of 76.04% in 2021.

Two Wheeler

A two-wheeler is a vehicle that runs on two wheels. It means that the product is used in the Two Wheeler Electric Vehicle.

Passenger Vehicle

A passenger car refers to a vehicle with fewer than nine seats and the main purpose of carrying passengers, including private cars and cars.

Commercial Vehicle

Commercial vehicles refer to vehicles with more than nine seats (including the driver's seat) or with the main purpose of carrying cargo.

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

Chicago White Metal Casting, Inc
Guangdong Wencan Die Casting Co
IKD Co
Endurance
Dynacast
Ningbo Xusheng Auto Technology Co
EMP Tech Co
Hitachi Metals
GuangDong PaiSheng
RYOBI
Nemak
Gibbs Die Casting
Handtmann
KSM Castings Group
DGS
Guangdong Hongtu Technology
Suzhou Chunxing Precision Mechanical Co
Dongguan EONTEC Co
Martinrea Honsel

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

High Pressure Die Casting (HPDC)
Gravity Die Casting (GDC)
Low Pressure Die Casting (LPDC)
Others

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

Two Wheeler
Passenger Vehicle
Commercial Vehicle

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)