Automotive Parts Die Casting Market Trends

Statistics for the 2023 & 2024 Automotive Parts Die Casting market trends, created by Mordor Intelligence™ Industry Reports. Automotive Parts Die Casting trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Automotive Parts Die Casting Industry

Pressure Die Casting Holds the Largest Market Share While Vacuum Die Casting is Expected to Witness a High Growth Rate

Pressure die casting is the largest category based on production type. Pressure die casting dominates the automotive parts die casting market with its efficient, high-volume, intricate, and durable components production.

Pressure die casting has been pivotal in the automotive parts die casting market, primarily due to its proficiency in fabricating high-volume, complex parts with perfect surface finish. Additionally, high-pressure die casting (HPDC) is increasingly used to produce large auto parts.

Major automotive companies like Tesla are utilizing HPDC to manufacture significant components, such as the front and rear ends of vehicles, as single parts. This application of HPDC has led to significant advancements in the efficiency and sustainability of automotive manufacturing processes. For instance, HPDC allows for replacing 70 to 100 parts with a single part, drastically reducing production complexity and improving overall efficiency.

While pressure die casting has the largest share, vacuum die casting is expected to emerge as the fastest-growing segment in the automotive parts die casting market, driven by its ability to enhance the quality and strength of manufactured components. This growth trajectory is underpinned by the technology’s intrinsic advantage in mitigating air entrapment during the casting process, thereby ensuring the production of components with enhanced structural integrity.

Further, vacuum die-casting significantly reduces porosity, creating denser and more robust automotive parts. This attribute is increasingly sought in producing critical automotive components, where superior quality and strength are non-negotiable. Moreover, the method’s proficiency in manufacturing high-quality, durable parts positions it as an indispensable technology in the evolving automotive manufacturing sector, particularly for components that require higher reliability and performance standards.

Automotive Parts Die Casting Market- Worldwide Passenger Car Sales (In Million Units) From 2005 to 2022

The Asia-Pacific Region is Expected to Play Key Role in the Market

The Asia-Pacific region is expected to play a dominant role in the market owing to the presence of key countries like India, China, and Japan. China is one of the major producers of die casting parts, accounting for more than 60% of the regional (Asia-Pacific) die casting market share.

The Asia-Pacific region leads in the automotive parts die casting market because of significant contributions from China and India. This is due to their growing car industry, high vehicle production, and major car manufacturers based there.

In 2022, over 35 million vehicles were produced in Asia-Pacific, with China accounting for 27 million motor vehicles alone. China was followed by Japan and India, which produced over 7.8 million and 5.4 million motor vehicles, respectively. Additionally, the overall commercial vehicle sales in the region in 2022 were registered at over 6.6 million units; over 3.3 million units were sold in China alone.

Moreover, the Asia-Pacific region derives strength from a well-entrenched manufacturing infrastructure, augmented by government policies favorably inclined toward the automotive industry's growth, thereby cementing its leadership position in the global context. Factors such as new manufacturing technologies and a focus on fuel-efficient cars shape the market.

The increasing wealth of the middle class also positively impacts the market growth. The region's push for advanced car technologies like electric and hybrid vehicles, backed by government policies for clean energy vehicles and environmental concerns, drives the market. This evolving market environment in Asia-Pacific, marked by rapid growth and technological advancements, is expected to drive the global automotive parts further die casting industry.

Automotive Parts Die Casting - Growth Rate (%), By Region, (2023-2028)

Automotive Parts Die Casting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)