What Has Been the Growth of the Aluminum Die Casting Market So Far?
The aluminum die casting market has seen considerable growth due to a variety of factors.
• The aluminum die casting market has experienced strong growth in recent years. It is expected to increase from $60.92 billion in 2024 to $66.03 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%.
The growth is linked to the increased use of die-casting parts, rising vehicle sales, higher demand for passenger cars, industrialization, and urbanization.
What Are the Future Growth Projections for the Aluminum Die Casting Market in the Coming Years?
The aluminum die casting market is expected to maintain its strong growth trajectory in upcoming years.
• The aluminum die casting market is set to grow strongly, reaching $89.97 billion by 2029 at a CAGR of 8.0%.
The growth is driven by increasing demand for electric vehicles, urbanization, a booming consumer electronics industry, demand for lightweight high-strength castings, and renewable energy initiatives. Key trends include advancements in casting techniques, automation, simulation and modeling tools, computer-aided design (CAD), die-casting technology, and additive manufacturing.
Which Key Drivers Are Propelling The Aluminum Die Casting Market's Growth?
The increasing demand for automobiles is expected to propel the growth of the aluminum die casting market. The automobile industry is growing due to factors such as low interest rates and consumers' desire to replace aging vehicles. Aluminum die casting helps manufacturers produce lightweight and fuel-efficient vehicles while meeting safety standards. According to the European Federation for Transport and Environment in February 2024, SUV sales in the EU reached over 1 million units in 2023, marking a 23% increase from 2022, contributing to the demand for aluminum die casting.
What Are The Major Segments Within The Global Aluminum Die Casting Market?
The aluminum die casting market covered in this report is segmented –
1) By Casting Process: High Pressure Die Casting, Low Pressure Die Casting, Vacuum Die Casting, Gravity Die Casting, Squeeze Die Casting
2) By Chamber Process: Hot Chamber Aluminum Die Casing, Cold Chamber Aluminum Die Casting
3) By End User: Automotive Components, Pumps And Valves, Industrial Component, Engineering Components, Construction, Packaging, Other End Users
Subsegments:
1) By High Pressure Die Casting: Hot Chamber Die Casting, Cold Chamber Die Casting
2) By Low Pressure Die Casting: Gas Assisted Low Pressure Die Casting, Water Assisted Low Pressure Die Casting
3) By Vacuum Die Casting: Vacuum Assisted High Pressure Die Casting, Vacuum Assisted Low Pressure Die Casting
4) By Gravity Die Casting: Permanent Mold Casting, Sand Casting
5) By Squeeze Die Casting: Cold Chamber Squeeze Die Casting, Hot Chamber Squeeze Die Casting
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Which Trends Are Expected To Transform The Aluminum Die Casting Market?
Companies in the aluminum diecasting market are forming strategic partnerships to boost their revenues. These collaborations help achieve strategic goals, enabling the development and delivery of innovative aluminum die-casting solutions across various sectors like automotive, construction, and consumer goods. In May 2022, GF Casting Solutions, a Switzerland-based company specializing in aluminum and superalloys, partnered with Bocar Group, a Mexican automotive supplier, to combine their expertise in high-pressure die casting. This collaboration focuses on producing lightweight components for the mobility and energy industries, leveraging their aluminum die-casting capabilities to create environmentally-friendly vehicle parts.
Who Are the Key Players In The Aluminum Die Casting Market?
Major companies operating in the aluminum die casting market are:
• Aluminum Corporation of China Limited
• Alcoa Corporation
• Rheinmetall Automotive AG
• Arconic Corporation
• Nemak SAB De CV
• GF Casting Solutions
• Amsted Industries Incorporated
• Martinrea International Inc.
• The Bühler Holding AG
• Rockman Industries Limited
• Ryobi Limited
• Dynacast International Inc.
• Endurance Technologies Limited
• Pace Industries
• Consolidated Metco Inc.
• Walbro Corporation
• Sandhar Technologies Limited
• LaSalle Bristol Inc.
• Madison-Kipp Corporation
• FAIST Group
• PHB Corp
• Gibbs Die Casting Corporation
• Bodine Aluminum Inc.
• BUVO Castings
What Is The Most Dominant Region In The Aluminum Die Casting Market?
Asia-Pacific was the largest region in the aluminum die casting market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminum die casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
