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    Automotive Metal Die Casting Market

    ID: MRFR/CnM/6229-CR
    196 Pages
    Priya Nagrale
    April 2023

    Automotive Metal Die Casting Market Research Report Information By Metal (Aluminum, Zinc, Magnesium And Others), By Process Type (High-Pressure Die Casting, Gravity Die Casting, Low-Pressure Die Casting And Others), By Application (Structural Components, Engine Parts, Transmission Components And Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

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    Automotive Metal Die Casting Market Infographic
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    Automotive Metal Die Casting Market Summary

    As per Market Research Future Analysis, the Global Automotive Metal Die Casting Market was valued at USD 42.9 Billion in 2023 and is projected to grow to USD 84.0 Billion by 2032, with a CAGR of 7.63% from 2024 to 2032. The market is driven by the rising demand for aluminum in the automotive industry and growth in key end-use sectors. The aluminum segment held the largest market share of 51.2% in 2022 and is expected to grow at a CAGR of 9.3%. North America is anticipated to dominate the market share during the forecast period, driven by high-volume manufacturing and raw material supply.

    Key Market Trends & Highlights

    Key trends influencing the automotive metal die casting market include advancements in manufacturing processes and increasing demand across various industries.

    • Aluminum segment projected to grow at a CAGR of 9.3% during the forecast period.
    • North America expected to dominate market share due to high-volume manufacturing.
    • Asia-Pacific region anticipated to grow at the fastest CAGR from 2023 to 2032.
    • Gravity die casting holds significant market share as a traditional method.

    Market Size & Forecast

    2023 Market Size USD 42.9 Billion
    2032 Market Size USD 84.0 Billion
    CAGR (2024-2032) 7.63%

    Major Players

    Key players include GF Casting Solutions AG (Switzerland), Minda Corporation Limited (India), Tadir-Gan Group (Israel), PHB Corp. (US), and others.

    Automotive Metal Die Casting Market Trends

    Growing the manufacturing industries to drive market growth

    Any desired 3D metal shape can be created for the production of goods for many industries by using cut-out moulds and metal casting. In addition to train wheels and vehicle parts, it is used to manufacture lamp poles, bus pedals, and other items. The top three metal casting suppliers are China, India, and the United States. Casting is a common and necessary step in the production of many products. Casting of various parts is used in the production of over 90% of all durable goods.

    In addition to the automotive, construction, and mining industries, metal casting is used in a variety of other industries such as defence, agriculture, oil and gas, aerospace, railroad, healthcare, and transportation.

    Furthermore, several traditional methods of die metal casting will be phased out in favour of growing additive manufacturing, also known as 3D printing. In comparison to investments in die metal casting, 3D printing yields more powerful and lifelike results. Power-based additive manufacturing technology can now print any type of silicone, composite material, metal, plastic, or sand. It allows manufacturers to have flexible design, rapid prototyping, waste minimization, lightweight and strong parts, easy access, and cost-effectiveness, which is limiting metal casting demand.

    As a result, rising demand from manufacturing industries has boosted the metal casting market CAGR globally in recent years.

    However, technological advancements, disruptions, shifting consumer preferences, and rapid growth in disposable income are expected to drive Metal Casting market revenue growth.

    The automotive metal die casting market is poised for growth as manufacturers increasingly adopt lightweight materials to enhance fuel efficiency and meet stringent emission regulations.

    U.S. Department of Energy

    Automotive Metal Die Casting Market Drivers

    Market Growth Projections

    The Global Automotive Metal Die Casting Market Industry is projected to experience robust growth, with estimates indicating a market size of 46.6 USD Billion in 2024 and a remarkable increase to 104.7 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 7.63% from 2025 to 2035, reflecting the industry's response to evolving automotive trends and consumer demands. The increasing adoption of advanced die casting technologies, coupled with the rising production of electric vehicles and the expansion of automotive manufacturing in emerging markets, underscores the potential for sustained growth in this sector.

    Growing Electric Vehicle Production

    The Global Automotive Metal Die Casting Market Industry is significantly influenced by the rising production of electric vehicles (EVs). As automakers shift towards electrification, the demand for lightweight and durable components becomes paramount. Die casting processes enable the efficient production of battery housings, structural components, and other essential parts for EVs. This transition not only supports sustainability goals but also aligns with consumer preferences for innovative automotive solutions. The market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 7.63% from 2025 to 2035, driven by the increasing adoption of electric mobility.

    Rising Demand for Lightweight Vehicles

    The Global Automotive Metal Die Casting Market Industry experiences a notable surge in demand for lightweight vehicles, driven by stringent fuel efficiency regulations and consumer preference for eco-friendly options. Manufacturers increasingly adopt die casting techniques to produce lightweight components that enhance vehicle performance while reducing emissions. For instance, aluminum die casting is favored for its strength-to-weight ratio, contributing to overall vehicle efficiency. This trend is expected to propel the market, with projections indicating a market size of 46.6 USD Billion in 2024, reflecting the industry's adaptation to evolving consumer and regulatory demands.

    Technological Advancements in Die Casting

    Technological innovations play a pivotal role in shaping the Global Automotive Metal Die Casting Market Industry. Advanced die casting technologies, such as high-pressure die casting and vacuum die casting, enhance production efficiency and component quality. These advancements allow manufacturers to produce complex geometries with precision, reducing material waste and improving overall productivity. As a result, companies are increasingly investing in state-of-the-art equipment to remain competitive. The anticipated growth of the market, projected to reach 104.7 USD Billion by 2035, underscores the importance of embracing technological progress in meeting the demands of modern automotive manufacturing.

    Increased Focus on Sustainability and Recycling

    Sustainability initiatives are becoming increasingly central to the Global Automotive Metal Die Casting Market Industry. Manufacturers are prioritizing eco-friendly practices, including the use of recycled materials in die casting processes. This focus on sustainability not only reduces environmental impact but also aligns with consumer expectations for greener products. The automotive industry is actively exploring ways to minimize waste and enhance resource efficiency, which may lead to innovations in die casting techniques. As the market evolves, the integration of sustainable practices is likely to become a key driver of growth, influencing both production methods and consumer choices.

    Expansion of Automotive Manufacturing in Emerging Markets

    Emerging markets are witnessing a rapid expansion of automotive manufacturing, significantly impacting the Global Automotive Metal Die Casting Market Industry. Countries such as India and Brazil are investing heavily in their automotive sectors, leading to increased demand for die-cast components. This growth is fueled by rising disposable incomes and a burgeoning middle class, which drives vehicle ownership. As manufacturers establish production facilities in these regions, the need for efficient and cost-effective die casting solutions becomes critical. This trend is likely to contribute to the overall market growth, as companies seek to capitalize on new opportunities in these developing economies.

    Market Segment Insights

    Automotive Metal Die Casting Metal Insights

    The Automotive Metal Die Casting Market segmentation, based on metal includes aluminum, zinc, magnesium and others. In 2022, the Aluminium segment had the largest market share of 51.2%. During the projection period, it is expected to increase at a CAGR of 9.3%. Its lightweight, low cost, durability, surface finishing options, versatility, and corrosion resistance all contribute to the segment's market growth. The majority of the aluminum used in automobile bodies is alloy aluminum, which the end user heats to the necessary strength. Heat-treated aluminum alloys have the strength to outperform some steel grades while remaining lightweight and malleable.

    Power tools that cannot cut through steel may cut through aluminum, saving money and time in the manufacturing process.

    Figure1: Automotive Metal Die Casting Market, by Metal, 2022&2032(USD billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Automotive Metal Die Casting Process Type Insights

    The Automotive Metal Die Casting Market segmentation, based on process type, includes high-pressure die casting, gravity die casting, low-pressure die casting and others. Gravity die casting had a significant market share. Gravity die casting was one of the very first procedures for metal and light alloy die casting. The molten metal is poured straight from a ladle into a semi-permanent or permanent die in this fully automated operation.

    Automotive Metal Die Casting Application Insights

    The Automotive Metal Die Casting Market segmentation, based on application includes structural components, engine parts, transmission components and others. The transmission category accounted for the greatest share of the market in 2020 and is predicted to dominate the market with a quick CAGR throughout the forecast period. Some of the primary reasons driving market expansion are the simplicity of manufacturing very complicated and precise designs.

    Get more detailed insights about Automotive Metal Die Casting Market Global Forecast till 2032

    Regional Insights

    By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The During the forecast period, North America is anticipated to dominate the market share. The use of alloys in high volume manufacturing and the expanded supply of raw materials are anticipated to propel market expansion.

    Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure2: AUTOMOTIVE METAL DIE CASTING MARKET SHARE BY REGION 2022 (%)

    AUTOMOTIVE METAL DIE CASTING MARKET SHARE BY REGION 2022 (%)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Europe’s automotive metal die casting market accounts for the second-largest market share Due to rise in demand for electric vehicles. Further, the German automotive metal die casting market held the largest market share, and the UK automotive metal die casting market was the fastest-growing market in the European region

    The Asia-Pacific Automotive Metal Die Casting Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the increasing population, increasing purchase power of the people. Moreover, China’s automotive metal die casting market held the largest market share, and the Indian automotive metal die casting market was the fastest-growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in R&D in order to expand their product lines, which will help the automotive metal die casting market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, automotive metal die castingindustry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global automotive metal die casting industry to benefit clients and increase the market sector. In recent years, the automotive metal die casting industry has offered some of the most significant advantages to medicine. Major players in the automotive metal die casting market, including GF Casting Solutions AG (Switzerland), Minda Corporation Limited (India), Tadir-Gan Group (Israel), PHB Corp. (US) and others, are attempting to increase market demand by investing in R&D operations.

    A multinational Indian manufacturer of motorcycles and scooters with its headquarters in New Delhi is Hero MotoCorp Limited (previously Hero Honda). The business is among the biggest two-wheeler producers in the world,[dead link] as well as in India, where it holds a market share of roughly 37.1% in the two-wheeler sector. The market valuation of the firm was 59,600 crore (US$7.5 billion). In March 2019, Moldex Composites, Rockman Industries, a division of the Hero Group that produces auto components, announced the acquisition of a strategic investment in MCT Engineering in the UK.​

    The General Motors Company (GM) is a multinational American automobile manufacturing business with headquarters in Detroit, Michigan. Prior to being surpassed by Toyota in 2008, it dominated the automotive industry for 77 years and was the biggest in the world by sales in 2022. Eight nations are home to General Motors' production facilities.  Chevrolet, Buick, GMC, and Cadillac are its four main automaker brands. Through SAIC-GM-Wuling Automobile, it also has ownership stakes in the Chinese brands Baojun and Wuling. Additionally, GM owns BrightDrop, a name-brand defense vehicle company that manufactures military vehicles for the US military and government.

    In  December 2021, General Motors has announced plans to invest more than USD 51 million in modern equipment at its Bedford, Indiana, aluminum die casting foundry to support the production of drive unit castings for the future Chevrolet Silverado EV and other current casting applications.

    Key Companies in the Automotive Metal Die Casting Market market include

    Industry Developments

    In May 2022 GF Casting Solutions, a branch of GF, Schaffhausen (Switzerland), said that it will use its experience to improve the development of electric vehicle (EV) goods and services.  The company is able to create goods that satisfy the needs of its clients by cooperating with them from the early design and conceptual stages. In a cooperative development phase, GF Casting Solutions created a lightweight die-cast battery housing for Renault's two hybrid models.

    In March 2022 BMW revealed that the BMW Group's light metal foundry is now utilising breakthrough multi-plate die-casting technology. Component designs that are function-optimized rather than flow path-optimized can be realized in the die-casting process with the development of innovative gating and demolding systems using direct gating in multi-plate mold technology. In addition, as compared to larger and more energy-intensive die casting equipment, the new technique boosts profitability and reduces energy usage.

    In March 2022 Ningbo Tuopu Group Limited reported that the integrated enormous die-casting rear cabin created on the 7,200-ton giant die-casting machine rolled off the assembly line at the Hangzhou Bay factory in Ningbo. The back cabin is approximately 1,700mm long and 1,500mm wide, decreasing weight by 15%-20%. Tuopu Group collaborates with Human Horizons on integrated die-casting technology, which allows dozens of components to be merged into one piece and cast together.

    Future Outlook

    Automotive Metal Die Casting Market Future Outlook

    The Automotive Metal Die Casting Market is projected to grow at a 7.63% CAGR from 2024 to 2035, driven by advancements in lightweight materials, electric vehicle demand, and automation technologies.

    New opportunities lie in:

    • Invest in R&D for innovative die casting techniques to enhance production efficiency.
    • Expand product lines to include components for electric vehicles and hybrid models.
    • Leverage automation and AI to optimize die casting processes and reduce costs.

    By 2035, the market is expected to achieve robust growth, reflecting evolving automotive industry demands.

    Market Segmentation

    Automotive Metal Die Casting Regional Outlook

    North America
    • US
    • Canada

    Automotive Metal Die Casting Market By Metal Outlook

    • Aluminum
    • Zinc
    • Magnesium
    • Others

     Automotive Metal Die Casting Market By Application Outlook

    • Structural Components
    • Engine Parts
    • Transmission Components
    • Others

     Automotive Metal Die Casting Market By Process Type Outlook

    • High-Pressure Die Casting
    • Gravity Die Casting
    • Low-Pressure Die Casting
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 42.9  billion
    Market Size 2024 USD 46.65 billion
    Market Size 2032 USD 84.0 billion
    Compound Annual Growth Rate (CAGR) 7.63% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Metal, Process Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled  Endurance Technologies Limited (India), Rockman Industries Ltd (India), Nemak (Mexico), Sandhar (India), Martinrea International, Inc (Canada), Dynacast (US). Buhler AG (Switzerland), Ryobi Limited (Japan), Shiloh Industries, Inc (US), GF Casting Solutions AG (Switzerland), Minda Corporation Limited (India), Tadir-Gan Group (Israel), PHB Corp. (US), Gibbs (US), and Eco die casting Co., Ltd (China).
    Key Market Opportunities Automotive die casting also finds applications in electric vehicles (EVs) owing to its lightweight.
    Key Market Dynamics Rising sales of electric tric & hybrid vehicles boost the demand for metal casting market.

    Market Highlights

    Author
    Priya Nagrale
    Senior Research Analyst

    With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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    FAQs

    How much is the automotive metal die casting market?

    The Automotive Metal Die Casting Market size was valued at USD 42.9 Billion in 2023.

    What is the growth rate of the automotive metal die casting market?

    The global market is projected to grow at a CAGR of 7.63% during the forecast period, 2024-2032.

    Which region held the largest market share in the automotive metal die casting market?

    North America had the largest share of the global market

    Who are the key players in the automotive metal die casting market?

    The key players in the market are GF Casting Solutions AG (Switzerland), Minda Corporation Limited (India), Tadir-Gan Group (Israel), PHB Corp. (US).

    Which Application led the automotive metal die casting market?

    The transmission automotive metal die casting category dominated the market in 2023.

    Which Metal had the largest market share in the automotive metal die casting market?

    The Aluminium had the largest share of the global market.

    Automotive Metal Die Casting Market Global Forecast till 2032 Infographic
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