Global Automotive Parts Die Casting Market – Industry Trends and Forecast to 2029

Global Automotive Parts Die Casting Market, By Production Type (Pressure Die-Casting, Vacuum Die-Casting, Squeeze Die-Casting, Semi-Solid Die-Casting), Raw Material Type (Aluminum, Zinc, Magnesium, Others), Application Type (Body Assemblies, Engine Parts, Transmission Parts, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

The automotive industry has been efficiently adopting new technologies around the world to make their vehicles faster as well as safe. Modern technologies and mechanisms are being incorporated, such as aluminium die casting that assists in the delivery of intricate components used within breaking mechanisms and manufacturing other parts.

Global Automotive Parts Die Casting Market was valued at USD 42.92 billion in 2021 and is expected to reach USD 72.05 billion by 2029, registering a CAGR of 6.69% in 2022-2029. Vacuum Die-Casting is expected to witness high growth in the production type segment of the market owing to the major developments and improvements in the conventional die casting process. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Automotive parts die casting refers to a mechanized casting method where liquid melt is forced into a mould under high pressure and filling speed. This process is considered ideal for series and mass manufacturing of components. Permanent metal moulds are used in these casting processes which do not need to be discarded after casting.

Report Scope and Market Segmentation

Automotive Parts Die Casting Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Increased Vehicle Production

The increase in the demand for high performance and reliability of automobiles among consumers is one of the major factors driving the growth of the automotive parts die casting market. The rise in demand for low-maintenance, and long-lasting vehicle parts escalate vehicle production.

• Government Initiatives

The rise in government initiatives towards emission reduction to control emissions accelerate the market growth. Manufacturers are increasing their investments to meet government standards that further assist in expanding the market.

• High Demand for Passenger Vehicles

The increase in demand for passenger vehicles due to the surge in middle-income group population and the rise in standard of living in emerging countries further influence the market. Consumers are also inclining towards these vehicles due to the availability of economic options in these vehicles.

Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the automotive parts die casting market.

Opportunities

Furthermore, increase in government support for energy saving and developments in the automotive parts die casting processes extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in investments by players will further escalate the growth of clutch market.

Restraints/Challenges faced by the Automotive Parts Die Casting Market

On the other hand, requirement of high initial cost and high cost associated with the raw materials for the process are expected to obstruct market growth. Also, stringent regulations associated with the process are projected to challenge the automotive parts die casting market in the forecast period of 2022-2029.

This automotive parts die casting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive parts die casting market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

COVID-19 had a Major Impact on Automotive Parts Die Casting Market

The COVID-19 negatively impacted the automotive parts die casting market due to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for automotive parts and components. The supply chain got hampered during the pandemic along with delay logistics activities. However, the automotive parts die casting market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions and increase in the number of passenger vehicles.

Recent Developments

• Sandhar Technologies Limited announced their non-binding memorandum of understanding (MoU) with Unicast Autotech (P) Ltd in March’2021. The aim of the agreement is acquiring an aluminium die casting Business.
• Endurance Technologies commenced commercial production in Vallam, Vadagal, Kancheepuram, Tamil Nadu, a new plant in February’2021. The plant's purpose is to manufacture aluminum die-castings and integrate disc brake components with control brake modulators to supply machined aluminium castings to Kia, Hyundai, and Royal Enfield.

Global Automotive Parts Die Casting Market Scope

The automotive parts die casting market is segmented on the basis of production type, raw material type and application type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Production Type

• Pressure Die-Casting
• Vacuum Die-Casting
• Squeeze Die-Casting
• Semi-Solid Die-Casting

Raw Material Type

• Aluminum
• Zinc
• Magnesium
• Others

Application Type

• Body Assemblies
• Engine Parts
• Transmission Parts
• Others

Automotive Parts Die Casting Market Regional Analysis/Insights

The automotive parts die casting market is analyzed and market size insights and trends are provided by country, production type, raw material type and application type as referenced above.

The countries covered in the automotive parts die casting market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the automotive parts die casting market because of the increase in the sale and production of commercial vehicles within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surge in automotive production in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Parts Die Casting Market Share Analysis

The automotive parts die casting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive parts die casting market.

Some of the major players operating in the automotive parts die casting market are

• Castwel Autoparts Private Limited (India)
• GF Casting Solutions. (Switzerland)
• Dynacast. (US)
• Endurance Technologies Limited. (India)
• Gibbs (US)
• Kinetic Die Casting Company, Inc. (US)
• MINO Industry USA , Inc. (US)
• Ningbo Parison Die Casting Co., Ltd. (China)
• Raltor. (US)
• Rockman. (India)
• Ryobi Die Casting (US)
• Sandhar (India)
• Sipra Engineers (India)
• Spark Minda (India)
• Sunbeam Auto Pvt. Ltd. (India)
• Tyche Diecast Pvt. Ltd. (India)