Market Size of Aluminum Parts Gravity Die Casting Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.75 Billion |
| Market Size (2029) | USD 8.54 Billion |
| CAGR (2024 - 2029) | 4.82 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aluminum Parts Gravity Die Casting Market Analysis
The Aluminum Parts Gravity Die Casting Market size is estimated at USD 6.75 billion in 2024, and is expected to reach USD 8.54 billion by 2029, growing at a CAGR of 4.82% during the forecast period (2024-2029).
During the COVID-19 outbreak in 2020, the entire supply chain of the automotive industry was significantly impacted. The OEMs struggled to keep their operations going. However, as the lockdowns and restrictions were relaxed, the automotive industry and the aluminum parts gravity die-casting market regained their momentum.
The market is largely driven by supply chain complexities in the die-casting industry, the expanding automotive market, increasing penetration of die-casting parts in industrial machinery, the growing constructional sector, and employing aluminum castings in the electrical and electronics sector.
Gravity die casting is one of the oldest methods of die casting. This die-casting process is used for producing accurately dimensioned, sharply defined, and smooth or textured-surface metal parts. The main advantage of gravity die casting is its high speed of production.
The CAFÉ standards and EPA policies to cut down automobile emissions and increase fuel efficiency are driving the automakers to reduce the weight of automobiles by employing lightweight metals. Subsequently, employing die-cast parts as a weight reduction strategy is acting as a major driver for the former market in the automotive segment.
