Market Research Future (MRFR) has published a cooked research report on the “Automotive Metal Die Casting Market ” that contains information from 2018 to 2032. The Automotive Metal Die Casting Market is estimated to register a CAGR of 8.75% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Automotive Metal Die Casting Market — 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).
The global Automotive Metal Die Casting Market is accounted to register a CAGR of 8.75% during the forecast period and is estimated to reach USD 84.0 billion by 2032.
the automotive metal die casting market refers to the industry segment that involves the production of automotive components using the die casting process. Die casting is a manufacturing technique where molten metal is forced into a mold cavity under high pressure to create complex-shaped parts with high precision and surface finish. These parts are then used in various applications within the automotive sector.
The global Automotive Metal Die Casting Market has been segmented based on Metal, Process Type, and Application.
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.
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.
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.
The global Automotive Metal Die Casting Market, based on region, has been divided 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.
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 Findings of the Study
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