Germany Automotive Parts Die Casting Market Size

Germany Automotive Parts Die Casting Market Analysis

The Germany Automotive Parts Die Casting Market size is estimated at USD 3.32 billion in 2024, and is expected to reach USD 4.61 billion by 2029, growing at a CAGR of 5% during the forecast period (2024-2029).

• The COVID-19 pandemic had a negative impact on the die-casting industry. The supply chain was disrupted as several major economies across the world went into lockdown. During this time, all manufacturing units and original equipment manufacturers (OEM) factories were obliged to suspend production and activities. After the economic recovery, demand returned to the market, with considerable demand for die-cast parts in the automobile industry as customer preferences shifted to lighter cars. The current trend is projected to continue, driving the market growth.
• Over the long term, the major presence of automotive component manufacturers across the country is likely to witness major growth in the market. The country is one of the world's leading car producers and is well-known for its excellence in the automotive industry. Several die-casting manufacturers are expanding their manufacturing facilities across the country, which in turn is likely to propel the growth during the forecast period.
• In June 2022, Handtmann, the renowned German solution provider specializing in light metal components, made a significant investment in the Bühlermega casting equipment plant located in Germany. This strategic move allowed Handtmann to further strengthen its position in the market and expand its production capacity for structural parts and body-in-white components throughout the country. The investment was a crucial step in the company's growth and commitment to delivering high-quality solutions to its customers.
• Machinery exports to the European markets showed a slight increase in growth; German machinery exports to the Euro-partner countries rose by 6.3%, while those to the EU-28 increased by 6.6%. Major overseas exports expanded even faster. Exports to China rose by 9.6%, and exports to the United States by 7.1%. However, during the COVID-19 pandemic, the production of raw aluminum dropped by 14% during the first half of 2020, and the processing and production of finished products were reduced by more than 5%.
• Above mentioned trends are likely to continue to grow, owing to the improving country's economic growth, which is further driving the die casting machinery companies to invest in upgrading the advanced CNC die casting machinery, as well as export them to neighboring and international countries. Further, Georg Fischer, Wolf Group, VOIT Automotive GmbH, Rheinmetall AG, and OrtalDie casting are some of the leading players in the country. Rheinmetall AG offers its products to both regional and international manufacturers.