Automotive Parts Aluminum Die Casting Market
Automotive Parts Aluminum Die Casting Market Forecasts to 2030 - Global Analysis By Type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, Semi-Solid Die Casting, Gravity Die Casting and Other Types), Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $27.68 BN |
|
Projected Year Value (2030) |
US $43.67 BN |
|
CAGR (2024 - 2030) |
9.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Automotive Parts Aluminum Die Casting Market is accounted for $27.68 billion in 2024 and is expected to reach $43.67 billion by 2030 growing at a CAGR of 9.2% during the forecast period. Automotive parts aluminum die casting involves the process of injecting molten aluminum alloy into a steel mold cavity under high pressure. This method is used to produce complex, accurate, and lightweight components for automobiles. Aluminium’s properties, including high strength-to-weight ratio and corrosion resistance, make it ideal for enhancing vehicle efficiency and reducing overall weight, contributing to improved fuel economy and environmental sustainability.
According to the China Association of Automobile Manufacturers, China's car production reached 27.02 million units in 2022, an increase of 3.4% year-on-year, while sales increased by 2.1% to 26.86 million units.
Market Dynamics:
Driver:
Increasing demand for lightweight materials
Aluminum die casting offers a lightweight yet strong alternative to traditional materials like steel, enhancing vehicle performance and fuel economy. Moreover, aluminium’s versatility allows for complex designs and improved manufacturing efficiency, meeting the industry's evolving demands for innovative automotive parts. As automakers continue to prioritize lightweight solutions, the market for aluminum die casting in automotive parts is expected to expand robustly.
Restraint:
Volatility in aluminum prices
Volatility in aluminum prices stems from fluctuations in global supply and demand, currency exchange rates, geopolitical events, and market speculation. Such unpredictability can disrupt cost projections for automotive parts manufacturers, impacting production planning and pricing strategies. For the automotive parts aluminum die casting market, these fluctuations pose challenges in maintaining competitive pricing, profitability, and consistent supply chain management.
Opportunity:
Growing popularity of electric vehicles
EVs require lightweight yet durable components to enhance efficiency and range, making aluminum die casting ideal due to its strength-to-weight ratio and cost-effectiveness in mass production. Key components such as motor housings, battery casings, and structural parts benefit from aluminum die casting, driving demand in the automotive sector. As EV adoption increases globally, the automotive parts aluminum die casting market is poised for substantial growth, catering to the specific needs of electric mobility solutions.
Threat:
High initial investment
Automotive parts aluminum die casting requires high initial investment due to cost-intensive equipment, technology, and infrastructure required for die casting processes. This financial barrier restricts entry for new market players and impedes the expansion of existing businesses. Additionally, the substantial capital outlay deters potential investors and slows down the adoption of advanced technologies, hindering overall market development and the ability to meet increasing demand efficiently.
Covid-19 Impact
The covid-19 pandemic significantly impacted the automotive parts aluminum die casting market, causing disruptions in supply chains, production halts, and reduced demand due to economic uncertainties and automotive industry slowdowns. Manufacturers faced challenges with workforce availability and operational restrictions, leading to delays in project timelines and delivery schedules. Despite initial setbacks, the market has shown resilience with recovery efforts focusing on adapting to new norms and accelerating digital transformation in manufacturing processes.
The vacuum die casting segment is expected to be the largest during the forecast period
The vacuum die casting segment is estimated to have a lucrative growth. Vacuum die casting is a specialized variant of automotive parts aluminum die casting where a vacuum is applied during the casting process to remove air and gases from the mold cavity. This technique minimizes porosity in the final aluminum components, improving their mechanical properties such as strength and surface finish. Vacuum die casting is particularly suitable for producing high-integrity automotive parts like engine components and structural elements, meeting stringent quality and performance requirements in the industry.
The commercial vehicles segment is expected to have the highest CAGR during the forecast period
The commercial vehicles segment is anticipated to witness the highest CAGR growth during the forecast period. In commercial vehicle applications, automotive parts aluminum die casting plays a crucial role in manufacturing components and offers benefits such as weight reduction, which improves fuel efficiency and payload capacity. Additionally, aluminium’s thermal conductivity and strength properties enhance performance and durability in demanding operating conditions. This makes aluminum die casting a preferred choice for commercial vehicles seeking to optimize efficiency and reliability.
Region with largest share:
The automotive parts aluminum die casting market in the Asia Pacific region is experiencing robust growth driven by increasing automotive production, particularly in countries like China, Japan, and India. The region benefits from a strong manufacturing base, technological advancements in die casting processes, and a shift towards lightweight materials for improved vehicle efficiency. Government initiatives promoting environmental sustainability and stringent emission regulations further propel market demand.
Region with highest CAGR:
The automotive parts aluminum die casting market in North America is characterized by a strong presence of automotive manufacturers and suppliers, driving demand for lightweight, durable components. Key factors influencing the market include stringent emission regulations, which promote the adoption of aluminum for its weight-saving advantages. Overall, the North American market continues to evolve with a focus on innovation, sustainability, and meeting stringent industry standards.
Key players in the market
Some of the key players profiled in the Automotive Parts Aluminum Die Casting Market include Nemak, Rheinmetall AG, Endurance Technologies Limited, Sandhar Technologies Limited, Georg Fischer Corporation, Shiloh Industries, Dynacast International, Ahresty Corporation, Gibbs Die Casting, Rockman Industries, Sundaram Clayton, Bodine Aluminum, Kinetic Die Casting Company, Alcast Technologies, Pace Industries.
Key Developments:
In August 2023, GF Casting Solutions announced its expansion in the Chinese market with its new plant in Shenyang, Northern China. The plant produces highly complex aluminum and magnesium castings for the automotive industry and is located close to the automotive manufacturers’ (OEM) production sites.
In May 2022, Rheinmetall AG and HASCO KSPG Nonferrous Components (Shanghai) Co. Ltd won a major order for transmission housings from a world-leading electric vehicle manufacturer. Each transmission will consist of an aluminum alloy manufactured by pressure die casting technique.
Types Covered:
• Pressure Die Casting
• Vacuum Die Casting
• Squeeze Die Casting
• Semi-Solid Die Casting
• Gravity Die Casting
• Other Types
Applications Covered:
• Body Parts
• Engine Parts
• Transmission Parts
• Chassis Components
• Steering & Suspension Parts
• Brake System Parts
• Interior & Exterior Trim
• Other Applications
End Users Covered:
• Passenger Vehicles
• Commercial Vehicles
• Two-Wheelers
• Electric Vehicles
• Tractors
• Excavators
• Bulldozers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Parts Aluminum Die Casting Market, By Type
5.1 Introduction
5.2 Pressure Die Casting
5.3 Vacuum Die Casting
5.4 Squeeze Die Casting
5.5 Semi-Solid Die Casting
5.6 Gravity Die Casting
5.7 Other Types
6 Global Automotive Parts Aluminum Die Casting Market, By Application
6.1 Introduction
6.2 Body Parts
6.3 Engine Parts
6.4 Transmission Parts
6.5 Chassis Components
6.6 Steering & Suspension Parts
6.7 Brake System Parts
6.8 Interior & Exterior Trim
6.9 Other Applications
7 Global Automotive Parts Aluminum Die Casting Market, By End User
7.1 Introduction
7.2 Passenger Vehicles
7.3 Commercial Vehicles
7.4 Two-Wheelers
7.5 Electric Vehicles
7.6 Tractors
7.7 Excavators
7.8 Bulldozers
7.9 Other End Users
8 Global Automotive Parts Aluminum Die Casting Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Nemak
10.2 Rheinmetall AG
10.3 Endurance Technologies Limited
10.4 Sandhar Technologies Limited
10.5 Georg Fischer Corporation
10.6 Shiloh Industries
10.7 Dynacast International
10.8 Ahresty Corporation
10.9 Gibbs Die Casting
10.10 Rockman Industries
10.11 Sundaram Clayton
10.12 Bodine Aluminum
10.13 Kinetic Die Casting Company
10.14 Alcast Technologies
10.15 Pace Industries
List of Tables
1 Global Automotive Parts Aluminum Die Casting Market Outlook, By Region (2022-2030) ($MN)
2 Global Automotive Parts Aluminum Die Casting Market Outlook, By Type (2022-2030) ($MN)
3 Global Automotive Parts Aluminum Die Casting Market Outlook, By Pressure Die Casting (2022-2030) ($MN)
4 Global Automotive Parts Aluminum Die Casting Market Outlook, By Vacuum Die Casting (2022-2030) ($MN)
5 Global Automotive Parts Aluminum Die Casting Market Outlook, By Squeeze Die Casting (2022-2030) ($MN)
6 Global Automotive Parts Aluminum Die Casting Market Outlook, By Semi-Solid Die Casting (2022-2030) ($MN)
7 Global Automotive Parts Aluminum Die Casting Market Outlook, By Gravity Die Casting (2022-2030) ($MN)
8 Global Automotive Parts Aluminum Die Casting Market Outlook, By Other Types (2022-2030) ($MN)
9 Global Automotive Parts Aluminum Die Casting Market Outlook, By Application (2022-2030) ($MN)
10 Global Automotive Parts Aluminum Die Casting Market Outlook, By Body Parts (2022-2030) ($MN)
11 Global Automotive Parts Aluminum Die Casting Market Outlook, By Engine Parts (2022-2030) ($MN)
12 Global Automotive Parts Aluminum Die Casting Market Outlook, By Transmission Parts (2022-2030) ($MN)
13 Global Automotive Parts Aluminum Die Casting Market Outlook, By Chassis Components (2022-2030) ($MN)
14 Global Automotive Parts Aluminum Die Casting Market Outlook, By Steering & Suspension Parts (2022-2030) ($MN)
15 Global Automotive Parts Aluminum Die Casting Market Outlook, By Brake System Parts (2022-2030) ($MN)
16 Global Automotive Parts Aluminum Die Casting Market Outlook, By Interior & Exterior Trim (2022-2030) ($MN)
17 Global Automotive Parts Aluminum Die Casting Market Outlook, By Other Applications (2022-2030) ($MN)
18 Global Automotive Parts Aluminum Die Casting Market Outlook, By End User (2022-2030) ($MN)
19 Global Automotive Parts Aluminum Die Casting Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
20 Global Automotive Parts Aluminum Die Casting Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
21 Global Automotive Parts Aluminum Die Casting Market Outlook, By Two-Wheelers (2022-2030) ($MN)
22 Global Automotive Parts Aluminum Die Casting Market Outlook, By Electric Vehicles (2022-2030) ($MN)
23 Global Automotive Parts Aluminum Die Casting Market Outlook, By Tractors (2022-2030) ($MN)
24 Global Automotive Parts Aluminum Die Casting Market Outlook, By Excavators (2022-2030) ($MN)
25 Global Automotive Parts Aluminum Die Casting Market Outlook, By Bulldozers (2022-2030) ($MN)
26 Global Automotive Parts Aluminum Die Casting Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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