Die Casting Market
The die casting market is estimated to be valued at US$ 78.12 billion in 2024 and is expected to reach US$ 127.92 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
Introduction:
The die casting market has been growing steadily over the past few decades. Die casting is a manufacturing process used to produce parts by forcing molten metal under high pressure into a mold cavity. Some key advantages of die casting include high production rates, net shape production, and dimensional accuracy. Die cast parts are widely used in the automotive, electronics, hardware, and other industries. The automotive industry is a major consumer of die cast components due to requirements for lightweighting and net shape production. Overall demand for die cast parts is expected to rise in line with growth in the end-use industries. Precision, quality, and complexity requirements are increasing which will drive automation and new technology adoption in the die casting process.
Market Dynamics:
The die casting market is driven by growing automotive production and demand for the miniaturization of electronic components. Increasing vehicle content per vehicle to enable new features and technologies is boosting the usage of die cast parts. However, volatility in raw material prices remains a key challenge for market participants. Aluminum is a widely used raw material and its price fluctuations can significantly impact costs. Opportunities lie in adopting Industry 4.0 technologies like AI, IoT, and automation to improve productivity, quality, and spare capacity for complex high-value components. Sustainable and recycling-friendly die casting solutions also present new growth prospects.
Key Features of the Study:
- This report provides an in-depth analysis of the global die casting market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global die casting market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Alcoa Corporation, Bocar Group, Endurance Technologies Limited, Engtek Group, Form Technologies Inc., Georg Fischer Limited, Koch Enterprises, Linamar Corporation, Meridian Lightweight Technologies UK Ltd, Nemak, Rheinmetall AG, Rockman Industries, Ryobi Die Casting Ltd, Sandhar Group, Shiloh Industries, and Sundaram Clayton Ltd are the major players.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global die casting market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global die casting market
Detailed Segmentation-
Table of Contents
*Browse 60 market data tables and 40 figures on "Global Die Casting Market - Global forecast to 2031”
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