The global die-casting market size is predicted to reach over USD 100 billion by 2028. The global die casting industry has hugely attracted the automotive sector looking for durable die cast parts. Piping and industrial manufacturers have started employing die casting. Employing aluminum components in medical devices and agriculture has also witnessed an increase. The rising adoption of automation die casting lead to enhanced productivity and improved durability of the cast which asks for minimum finishing. This market has innumerous growth opportunities in industrial and transportation sectors. This demands for the vehicles that lowers the fuel consumption and adopt die casting for enhanced performance of the vehicles.
Facilitating the market growth, initiatives taken by Environmental Protection Agency (EPA) such as raising the miles per gallons standard and imposing stringent regulations for reduced emission has impacted positively. This developed norms and regulations assist the higher usage of light weight material and in turn the die casted material. These norms consolidated with the contribution of Occupational Safety and Health Administration (OSHA) as they have their own rules to reduce pollution and develop die casting industry which further propelled global die casting market growth.
Die-Casting Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 100 billion|
|Growth Rate||CAGR of 6% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East & Africa|
|Key Players Profiled||Technologies Inc., Nemak, Endurance Technologies, Sundaram Clayton Ltd, Shiloh Industries, Georg Fischer Limited, Koch Enterprises, Bocar Group, Engtek Group, Rheinmetall AG , Rockman Industries, Ryobi Die Casting Ltd, Linamar Corporation, Meridian Lightweight Technologies UK Ltd, and Sandhar Group.|
Key Segments of the Global Die-Casting Market
Type Overview, 2019-2028 (USD Million)
- Pressure Die Casting
- Vacuum Die Casting
- Squeeze Die Casting
- Semi-Solid Die Casting
Application Overview, 2019-2028 (USD Million)
- Electrical and Electronics
Regional Overview, 2019-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global die-casting market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global die-casting market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the die-casting industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on type, type, and end user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global die-casting market. The report will benefit Every stakeholder involved in the die-casting market.
- Managers within the die-casting industry looking to publish recent and forecasted statistics about the global die-casting market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global die-casting market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
COVID-19 outbreaks and consequent shutdowns have impacted the die casting industry in numerous nations. In the first half of 2020, the pandemic's detrimental effects can be seen in the global industrial sector. As a result, the market's growth was hampered by the drop in production rates caused by pandemic-related interruptions in the first few months of the year, but once the limitations were relaxed, the market regained its lost momentum by the end of 2020. Supply chain difficulties in the die casting industry, the rising automotive market, increasing penetration of die casting components in industrial machinery, the developing constructional sector, and the use of aluminium castings in electrical and electronics are all driving factors in the market.
CAFÉ regulations and EPA rules aimed at reducing automotive emissions and increasing fuel economy are pushing automakers to use lightweight non-ferrous metals to decrease vehicle weight. As a result, the use of die-cast components as a weight-saving technique is driving the former market in the automotive industry. However, a scarcity of raw materials, volatility in raw material pricing, and environmental controls on metallurgical industry emissions are all important roadblocks to market expansion.
Based on the type, the global die-casting industry has classification which includes semi-solid die casting, vacuum die casting, pressure die casting and squeeze die casting. Pressure die casting type accounted for more than 50% of the overall market share in 2020 and is expected to provide significant opportunity in coming years.
Based on the end user, the global die-casting industry has classification which includes automotive, electrical & electronics, industrial applications, and other applications. In 2020, automotive application dominated the global die casting industry and accounted for more than 40% of the overall market share. Government measures aimed at boosting the car industry throughout the world are expected to help the market develop. For example, the Automotive Supplier Innovation Program, a Canadian government effort, assists automotive suppliers in developing new products and processes.
Based on geography, the most dominant region of global die-casting market is Asia-Pacific, accounted for majority of the market share in 2020. In Asia-Pacific, magnesium alloy die casting market is going to grow imminently. Due to the higher preference of end users towards lower production costs. Already established companies are striving hard on advanced technologies, quality issues, reliability which has resulted in mergers and acquisition, even with small scale companies. The factors that has strengthened the market are higher automotive industry along with industrialization in growing economies such as India and China. India is driving towards higher growth rate as it has become center for automobile components makers for magnesium and zinc die cast auto parts, hence fueling overall market growth.
The major players of the global die-casting market are Form Technologies Inc., Nemak, Endurance Technologies, Sundaram Clayton Ltd, Shiloh Industries, Georg Fischer Limited, Koch Enterprises, Bocar Group, Engtek Group, Rheinmetall AG , Rockman Industries, Ryobi Die Casting Ltd, Linamar Corporation, Meridian Lightweight Technologies UK Ltd, and Sandhar Group. To fit in the stringent government regulations, many companies push their boundaries and increasingly investing in research and development activities.