High Pressure Die Casting Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 38.66 Billion |
| Market Size (2029) | USD 52.14 Billion |
| CAGR (2024 - 2029) | 6.16 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
High Pressure Die Casting Market Analysis
The High-Pressure Die Casting Market size is estimated at USD 38.66 billion in 2024, and is expected to reach USD 52.14 billion by 2029, growing at a CAGR of 6.16% during the forecast period (2024-2029).
- Due to supply chain disruptions and trade restrictions across the world, COVID-19 had a significant influence on manufacturing operations, and the market experienced a slowdown. However, as economic activity resumed across the world, the global market is expected to develop steadily over the forecast period.
- Over the long term, expanding the automotive market, increasing penetration of die-casting parts in automotive components and industrial machinery, growing the construction sector, and increasing the use of aluminum die-casting parts in the automotive and electrical, and electronics industries are anticipated to drive the market.
- Die casting has proven to be the most feasible option for producing these engine castings, offering higher output and immense flexibility in component design. The approach may grow even more attractive following the development of a new die-casting machine design and changes in the die-making process. Die casters have been employing advanced die design and utilizing simulation techniques and power venting systems. These, coupled with thermal analysis of the die casting, produce clutch pistons catering to specific concerns of piston use and assembly.
- Further, the growing preference for aluminum products, as well as the ongoing trend of increased aluminum usage, are expected to drive significant market growth.
- For instance, in April 2022: Ford Motor Company presented the ARBOMEX plant in Apaseo elGrande, Mexico, with the prestigious Q1 designation. ARBOMEX manufactures balance shafts for Ford's Chihuahua engine plant's 1.5-liter 12V DOHC L3 Dragon engine, which is used in the Hermosillo-assembled Bronco Sport, the Escape crossover, and other models. ARBOMEX supplies iron, steel, and aluminum components to other original equipment manufacturers (OEMs), including Stellantis and Mazda, in addition to being a priority supplier to Ford.
- Moreover, Corporate Average Fuel Efficiency (CAFÉ) regulations and Environmental Protection Agency (EPA) initiatives to reduce automobile emissions and improve fuel efficiency are prompting automakers to use lightweight non-ferrous metals to reduce vehicle weight. As a result, the use of high-pressure die casting is likely to enhance the growth of the market during the forecast period.
- Asia-Pacific is expected to dominate high pressure die casting market due to a rise in the demand for automobiles in China and India, a rise in technological advancements and innovation, and a rise in the use of aluminum die casting for various applications in this region, further augmenting the market. North America also is expected to play a key role in terms of growth in the high-pressure die-casting market due to growing output from lightweight vehicles.
High Pressure Die Casting Market Trends
Automotive Segment Expected to Gain Prominence During the Forecast Period
- "The global automotive industry has witnessed notable and steady growth in recent years, owing to increasing sales of passenger and commercial vehicles across developing countries like India, China, etc. Additionally, technological advancements, such as electric vehicles and autonomous vehicles, are driving the market across Europe and North America, contributing to overall market stability.
- Automobile parts manufactured by the high-pressure die-casting method include engine blocks, gearbox housing, crankcases, clutch shoes, valve bodies, alloy wheels, and others. To meet the rising demands of the automotive industry, several die-cast machine manufacturers are also upgrading their offerings.
- Die casting finds potential use cases in automotive applications. Key components, including gearbox cases, structural components, electronic components, engine components, and componentry for cylinders, remain the most important casting products. Furthermore, an increasing number of EV producers are showing interest in integrating large castings, or mega-castings, into their vehicle structures to address challenges like repairability, life cycle, and aging.
- For instance, in September 2022, Alcoa Corporation announced new innovations in alloy development and deployment, further strengthening its position as a supplier of advanced aluminum alloys. The company's innovations include the introduction of a new high-strength, 6000 series alloy, A210 ExtruStrongTM, which delivers benefits across a wide range of extruded applications, including transport, construction, industrial, and consumer goods.
- Moreover, factors such as reducing carbon emissions, increased government initiatives to promote the usage of lighter vehicles and rapid development of technology in automotive die-casting machines are anticipated to boost demand in the market. Additionally, the expanding middle classes in emerging economies and the associated growth in automobile ownership raise concerns about greenhouse gas emissions and the scarcity of natural resources to meet the demands of an increasing number.
- Subsequent vehicles and their associated component production are anticipated to drive the demand for various die-casting methods, including high-pressure die-casting. Manufacturers are focusing on improving their market presence by adopting the latest production techniques, such as automation, etc., to further stabilize demand during the forecast period. Considering the aforementioned factors, the growing automotive industry is likely to play a key role in the overall development of the high-pressure die-casting market."
- In the revised version, I've made adjustments to punctuation, rephrased some sentences for clarity, and added missing words for coherence. However, it is still a long and dense paragraph. Consider breaking it down into smaller paragraphs to enhance readability and organization, if possible.
Asia-Pacific Region Expected to Witness the Highest Growth During the Forecast Period
- The Asia-Pacific region is expected to dominate the global high-pressure die-casting market, and it is also expected to witness the fastest growth rate during the forecast period. In the Asia-Pacific region, countries like China, India, Japan, etc., are likely to play a key role in the market.
- For instance, China is one of the major producers of die-casting parts and accounts for the majority of the regional (Asia-Pacific) die-casting market share. The metal casting industry in China has more than 26,000 facilities, out of which 8,000 facilities produce non-ferrous castings. China produces over 49.3 million metric tons of castings.
- The increasing popularity of fuel-efficient vehicles and the latest advancements in die-casting techniques are expected to further contribute to the market's development. Thus, due to such benefits, automakers in the region are entering long-term deals for uninterrupted supply of raw materials, expansion of plants, etc.
- The growing focus of foundries on improving innovation to produce products that meet consumer preferences and international standards is offering new opportunities for players in the market. Foundries are focusing on technical quality and brand orientation, which are considered major growth drivers for the Asia-Pacific high-pressure die-casting market. Such developments and instances are likely to contribute to the overall development of the market across the Asia-Pacific region.
High Pressure Die Casting Industry Overview
The high-pressure die-casting market is highly fragmented, with the presence of many regional and international players across the globe. The competition in the market has increased, as many small and medium-scale players from developing countries entered and expanded their business in the market over recent years. These players are adopting various growth strategies to gain a competitive edge over other players in the market.
For instance, in September 2022, DGS Druckguss Systeme s.r.o. announced that it had begun operations at the Frdlant plant and produces die castings made of aluminum and magnesium alloy for the automotive industry.
Some of the major recognized players in the market are Nemak, Georg Fischer Automotive, Ryobi Die Casting, Rheinmetall AG, Form Technologies Inc. (Dynacast), and Shiloh Industries. Some other notable players include Koch Enterprise, Linamar Corporation, and Bocar Group.
High Pressure Die Casting Market Leaders
GF Casting Solutions AG
Shiloh Industries Inc.
Ryobi Die Casting
Nemak SAB De CV
Rheinmetall AG
*Disclaimer: Major Players sorted in no particular order
High Pressure Die Casting Market News
- November 2022: Pace Industries, one of the leading die-casting companies in the United States, announced the closure of its two Muskegon die-casting plants. The company manufactures aluminum die castings, zinc die castings, mechanical assemblies, and injected molded plastics for the automotive industry.
- September 2022: Rheinmetall AG (Rheinmetall) received a new EUR 20 million (USD 236 million) order for its advanced air-divert valve, the Turbo Bypass Valve (TBV) Gen 6, establishing itself as an industry heavyweight and the source of several recent orders for the Group subsidiary. Production will take place at Pierburg's Neuss, Germany, plant.
- May 2022: A division of Georg Fischer, GF Casting Solutions, announced that it will utilize its expertise to enhance the creation of electric vehicle (EV) products and services. The company aims to support customers' transition to electric drive engines and e-mobility by leveraging artificial intelligence (AI) to offer high-quality products that are environmentally friendly.
High Pressure Die Casting Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Growing Use of Aluminum in Die Casting Equipment to Increase Market Demand
4.2 Market Restraints
4.2.1 Fluctuations in Raw Material Prices
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value USD Million)
5.1 Raw Material Type
5.1.1 Aluminum
5.1.2 Zinc
5.1.3 Magnesium
5.2 Application
5.2.1 Automotive
5.2.2 Electrical and Electronics
5.2.3 Industrial Applications
5.2.4 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 South America
5.3.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Georg Fischer AG
6.2.2 Shiloh Industries Ltd
6.2.3 Ryobi Die Casting Inc.
6.2.4 Nemak SAB De CV
6.2.5 Rheinmetall AG (Rheinmetall Automotive, formerly KSPG AG)
6.2.6 Sundaram - Clayton Ltd
6.2.7 Koch Enterprises Inc. (Gibbs Die Casting Group)
6.2.8 Engtek Group
6.2.9 Officine Meccaniche Rezzatesi SpA
6.2.10 Endurance Group
6.2.11 Rockman Industries
6.2.12 Dynacast (Form Technologies Inc.)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
High Pressure Die Casting Industry Segmentation
High-pressure die castings (HPDCs) are lightweight alternative components, molds made from forcing molten metals at high speed and pressure.
The high-pressure die-casting market is segmented by raw material, application, and geography. Based on raw materials, the market is segmented into aluminum, zinc, and magnesium. Based on application, the market is segmented into automotive, electrical and electronics, industrial applications, and other applications, and based on geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world.
The report offers market size and forecasts for the high-pressure die-casting market in value(USD) for all the above segments.
| Raw Material Type | |
| Aluminum | |
| Zinc | |
| Magnesium |
| Application | |
| Automotive | |
| Electrical and Electronics | |
| Industrial Applications | |
| Other Applications |
| Geography | |||||||
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High Pressure Die Casting Market Research FAQs
How big is the High-pressure Die Casting Market?
The High-pressure Die Casting Market size is expected to reach USD 38.66 billion in 2024 and grow at a CAGR of 6.16% to reach USD 52.14 billion by 2029.
What is the current High-pressure Die Casting Market size?
In 2024, the High-pressure Die Casting Market size is expected to reach USD 38.66 billion.
Who are the key players in High-pressure Die Casting Market?
GF Casting Solutions AG, Shiloh Industries Inc., Ryobi Die Casting, Nemak SAB De CV and Rheinmetall AG are the major companies operating in the High-pressure Die Casting Market.
Which is the fastest growing region in High-pressure Die Casting Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High-pressure Die Casting Market?
In 2024, the Asia-Pacific accounts for the largest market share in High-pressure Die Casting Market.
What years does this High-pressure Die Casting Market cover, and what was the market size in 2023?
In 2023, the High-pressure Die Casting Market size was estimated at USD 36.42 billion. The report covers the High-pressure Die Casting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High-pressure Die Casting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High Pressure Die Casting Industry Report
Statistics for the 2024 High Pressure Die Casting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. High Pressure Die Casting analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
