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Die Casting Market Report by Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Others), Raw Material (Aluminum, Magnesium, Zinc), Application (Automobile, Heavy Equipment, Machine Tools, Plant Machinery, Municipal Castings, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A6347
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Market Overview:
The global die casting market size reached US$ 66.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 108.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.44% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 66.1 Billion |
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Market Forecast in 2032
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US$ 108.0 Billion |
| Market Growth Rate 2024-2032 | 5.44% |
Die casting refers to a process of pouring molten metal into molds under high pressure to produce accurate metal parts. It is manufactured using metals such as lead, zinc, magnesium, aluminum, copper, and tin-based alloys. It is widely used to produce industrial components, decorative hardware, connector housings, toys, golf clubs, engine fans, and valves. As compared to other manufacturing processes, die casting reduces production costs, eliminates assembly operations, and provides greater consistency. It also reduces metal scrap, augments the production rate, and provides higher accuracy and single mold design. As a result, die casting finds extensive applications across the automotive, aerospace, defense, electronics, transportation, construction, and manufacturing industries.
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Die Casting Market Trends:
The global die casting market is primarily being driven by significant growth in the automotive industry. Die casting is widely used to manufacture components for chassis, transmission, engine, brakes, power steering, and vehicle interior. In line with this, the widespread adoption of aluminum die casting for manufacturing lightweight vehicle parts to reduce fuel consumption is acting as another growth-inducing factor. Furthermore, increasing product utilization in the electronics industry to produce flexible, light, heat-resistant, and highly durable precision parts for smartphones, laptops, home appliances, and drones is providing a considerable boost to market growth. Apart from this, the advent of improved casting technology and the introduction of automation to improve consistency, offer higher speed, reduce waste, and minimize worker contact with molten metal is creating a positive outlook for the market. Moreover, widespread product utilization in the healthcare industry to manufacture complex medical devices, such as ultrasound systems, pacemakers, dialysis equipment, medical robots, monitoring devices, and hospital bed gearboxes, is providing an impetus to market growth. Other factors, including increasing investments in the manufacturing industry by several governments and the widespread product utilization in the energy sector to produce piping, drilling machinery, flow controls, and filtration devices, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global die casting market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on process, raw material and application.
Breakup by Process:
- Pressure Die Casting
- Vacuum Die Casting
- Squeeze Die Casting
- Others
Breakup by Raw Material:
- Aluminum
- Magnesium
- Zinc
Breakup by Application:
- Automobile
- Body Parts
- Engine Parts
- Transmission Parts
- Others
- Heavy Equipment
- Construction
- Farming
- Mining
- Machine Tools
- Plant Machinery
- Chemical Plants
- Petroleum Plants
- Thermal Plants
- Paper
- Textile
- Others
- Municipal Castings
- Valves and Fittings
- Pipes
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Dynacast International Inc. (Form Technologies Inc.), Endurance Technologies Limited, Georg Fischer Ltd., Gibbs Die Casting Corp. (Koch Enterprises Inc.), Nemak S.A.B. de C.V., Pace Industries (Leggett & Platt), Rheinmetall AG, Rockman Industries, Ryobi Die Casting (USA) Inc. (Ryobi Limited), Sandhar Technologies Limited, Shiloh Industries Inc. and Sundaram - Clayton Limited.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Process, Raw Material, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Dynacast International Inc. (Form Technologies Inc.), Endurance Technologies Limited, Georg Fischer Ltd., Gibbs Die Casting Corp. (Koch Enterprises Inc.), Nemak S.A.B. de C.V., Pace Industries (Leggett & Platt), Rheinmetall AG, Rockman Industries, Ryobi Die Casting (USA) Inc. (Ryobi Limited), Sandhar Technologies Limited, Shiloh Industries Inc. and Sundaram - Clayton Limited |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global die casting market was valued at US$ 66.1 Billion in 2023.
We expect the global die casting market to exhibit a CAGR of 5.44% during 2024-2032.
The growing utilization of die casting across various industries, such as automotive, transportation, construction, aerospace, defense, etc., as it reduces production costs, eliminates assembly operations, provides greater consistency, etc., is primarily driving the global die casting market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in the production activities for die casting.
Based on the process, the global die casting market can be divided into pressure die casting, vacuum die casting, squeeze die casting, and others. Among these, pressure die casting currently accounts for the majority of the global market share.
Based on the raw material, the global die casting market has been segregated into aluminum, magnesium, and zinc. Currently, aluminum exhibits clear dominance in the market.
Based on the application, the global die casting market can be bifurcated into automobile, heavy equipment, machine tools, plant machinery, municipal castings, and others. Among these, automobiles hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global die casting market include Dynacast International Inc. (Form Technologies Inc.), Endurance Technologies Limited, Georg Fischer Ltd., Gibbs Die Casting Corp. (Koch Enterprises Inc.), Nemak S.A.B. de C.V., Pace Industries (Leggett & Platt), Rheinmetall AG, Rockman Industries, Ryobi Die Casting (USA) Inc. (Ryobi Limited), Sandhar Technologies Limited, Shiloh Industries Inc., and Sundaram - Clayton Limited.
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