Automotive Metal Die Casting Market Analysis

Global Automotive Metal Die Casting Market Overview

Automotive Metal Die Casting Market Size was valued at USD 42.9 Billion in 2023. The automotive metal die casting market industry is projected to grow from USD 46.65 Billion in 2024 to USD 84.0 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.63% during the forecast period (2024 - 2032). The automotive industry's rising demand for aluminium and the growth of the main end-use industries are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Metal Die Casting Market Trends

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  Growing the manufacturing industries to drive market growth

  
  

Any desired 3D metal shape can be created for the production of goods for many industries by using cut-out moulds and metal casting. In addition to train wheels and vehicle parts, it is used to manufacture lamp poles, bus pedals, and other items. The top three metal casting suppliers are China, India, and the United States. Casting is a common and necessary step in the production of many products. Casting of various parts is used in the production of over 90% of all durable goods. In addition to the automotive, construction, and mining industries, metal casting is used in a variety of other industries such as defence, agriculture, oil and gas, aerospace, railroad, healthcare, and transportation.

Furthermore, several traditional methods of die metal casting will be phased out in favour of growing additive manufacturing, also known as 3D printing. In comparison to investments in die metal casting, 3D printing yields more powerful and lifelike results. Power-based additive manufacturing technology can now print any type of silicone, composite material, metal, plastic, or sand. It allows manufacturers to have flexible design, rapid prototyping, waste minimization, lightweight and strong parts, easy access, and cost-effectiveness, which is limiting metal casting demand.

As a result, rising demand from manufacturing industries has boosted the metal casting market CAGR globally in recent years.

However, technological advancements, disruptions, shifting consumer preferences, and rapid growth in disposable income are expected to drive Metal Casting market revenue growth.

Automotive Metal Die Casting Market Segment Insights

Automotive Metal Die Casting Metal Insights

The Automotive Metal Die Casting Market segmentation, based on metal includes aluminum, zinc, magnesium and others. In 2022, the Aluminium segment had the largest market share of 51.2%. During the projection period, it is expected to increase at a CAGR of 9.3%. Its lightweight, low cost, durability, surface finishing options, versatility, and corrosion resistance all contribute to the segment's market growth. The majority of the aluminum used in automobile bodies is alloy aluminum, which the end user heats to the necessary strength. Heat-treated aluminum alloys have the strength to outperform some steel grades while remaining lightweight and malleable. Power tools that cannot cut through steel may cut through aluminum, saving money and time in the manufacturing process.

Figure1: Automotive Metal Die Casting Market, by Metal, 2022&2032(USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Metal Die Casting Process Type Insights

The Automotive Metal Die Casting Market segmentation, based on process type, includes high-pressure die casting, gravity die casting, low-pressure die casting and others. Gravity die casting had a significant market share. Gravity die casting was one of the very first procedures for metal and light alloy die casting. The molten metal is poured straight from a ladle into a semi-permanent or permanent die in this fully automated operation.

Automotive Metal Die Casting Application Insights

The Automotive Metal Die Casting Market segmentation, based on application includes structural components, engine parts, transmission components and others. The transmission category accounted for the greatest share of the market in 2020 and is predicted to dominate the market with a quick CAGR throughout the forecast period. Some of the primary reasons driving market expansion are the simplicity of manufacturing very complicated and precise designs.

Automotive Metal Die Casting Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The During the forecast period, North America is anticipated to dominate the market share. The use of alloys in high volume manufacturing and the expanded supply of raw materials are anticipated to propel market expansion.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: AUTOMOTIVE METAL DIE CASTING MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s automotive metal die casting market accounts for the second-largest market share Due to rise in demand for electric vehicles. Further, the German automotive metal die casting market held the largest market share, and the UK automotive metal die casting market was the fastest-growing market in the European region

The Asia-Pacific Automotive Metal Die Casting Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increasing population, increasing purchase power of the people. Moreover, China’s automotive metal die casting market held the largest market share, and the Indian automotive metal die casting market was the fastest-growing market in the Asia-Pacific region.

Automotive Metal Die Casting Key Market Players & Competitive Insights

Leading market players are investing heavily in R&D in order to expand their product lines, which will help the automotive metal die casting market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, automotive metal die castingindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global automotive metal die casting industry to benefit clients and increase the market sector. In recent years, the automotive metal die casting industry has offered some of the most significant advantages to medicine. Major players in the automotive metal die casting market, including GF Casting Solutions AG (Switzerland), Minda Corporation Limited (India), Tadir-Gan Group (Israel), PHB Corp. (US) and others, are attempting to increase market demand by investing in R&D operations.

A multinational Indian manufacturer of motorcycles and scooters with its headquarters in New Delhi is Hero MotoCorp Limited (previously Hero Honda). The business is among the biggest two-wheeler producers in the world,[dead link] as well as in India, where it holds a market share of roughly 37.1% in the two-wheeler sector. The market valuation of the firm was 59,600 crore (US$7.5 billion). In March 2019, Moldex Composites, Rockman Industries, a division of the Hero Group that produces auto components, announced the acquisition of a strategic investment in MCT Engineering in the UK.​

The General Motors Company (GM) is a multinational American automobile manufacturing business with headquarters in Detroit, Michigan. Prior to being surpassed by Toyota in 2008, it dominated the automotive industry for 77 years and was the biggest in the world by sales in 2022. Eight nations are home to General Motors' production facilities.  Chevrolet, Buick, GMC, and Cadillac are its four main automaker brands. Through SAIC-GM-Wuling Automobile, it also has ownership stakes in the Chinese brands Baojun and Wuling. Additionally, GM owns BrightDrop, a name-brand defense vehicle company that manufactures military vehicles for the US military and government. In  December 2021, General Motors has announced plans to invest more than USD 51 million in modern equipment at its Bedford, Indiana, aluminum die casting foundry to support the production of drive unit castings for the future Chevrolet Silverado EV and other current casting applications.

Key Companies in the automotive metal die casting market include

• Endurance Technologies Limited (India)


• Rockman Industries Ltd (India)


• Nemak (Mexico), Sandhar (India)


• Martinrea International, Inc (Canada)


• Dynacast (US).


• Buhler AG (Switzerland)


• Ryobi Limited (Japan)


• Shiloh Industries, Inc (US)


• GF Casting Solutions AG (Switzerland)


• Minda Corporation Limited (India)


• Tadir-Gan Group (Israel),

Automotive Metal Die Casting Industry Developments

In May 2022 GF Casting Solutions, a branch of GF, Schaffhausen (Switzerland), said that it will use its experience to improve the development of electric vehicle (EV) goods and services.  The company is able to create goods that satisfy the needs of its clients by cooperating with them from the early design and conceptual stages. In a cooperative development phase, GF Casting Solutions created a lightweight die-cast battery housing for Renault's two hybrid models.

In March 2022 BMW revealed that the BMW Group's light metal foundry is now utilising breakthrough multi-plate die-casting technology. Component designs that are function-optimized rather than flow path-optimized can be realized in the die-casting process with the development of innovative gating and demolding systems using direct gating in multi-plate mold technology. In addition, as compared to larger and more energy-intensive die casting equipment, the new technique boosts profitability and reduces energy usage.

In March 2022 Ningbo Tuopu Group Limited reported that the integrated enormous die-casting rear cabin created on the 7,200-ton giant die-casting machine rolled off the assembly line at the Hangzhou Bay factory in Ningbo. The back cabin is approximately 1,700mm long and 1,500mm wide, decreasing weight by 15%-20%. Tuopu Group collaborates with Human Horizons on integrated die-casting technology, which allows dozens of components to be merged into one piece and cast together.

Automotive Metal Die Casting Market Segmentation

Automotive Metal Die Casting Market By Metal Outlook

• Aluminum


• Zinc


• Magnesium


• Others

 Automotive Metal Die Casting Market By Process Type Outlook

• High-Pressure Die Casting


• Gravity Die Casting


• Low-Pressure Die Casting


• Others

 Automotive Metal Die Casting Market By Application Outlook

• Structural Components


• Engine Parts


• Transmission Components


• Others

Automotive Metal Die Casting Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America