Report ID: 10085834 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Automotive Metal Die Casting Market Highlights Over 2022 - 2031
The global automotive metal die casting market is estimated to grow at a ~7% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 43.0 billion in 2021. The growth of the market can be attributed to the advancement in technology and the initiatives of the government for energy saving and a reduction in CO2 emissions. Furthermore, there has been a demand for light weight cars in the automotive sector owing to low vehicle emissions, and aluminum die casting is used for manufacturing light weight cars. According to National Oceanic and Atmospheric Administration (NOAA), there was 412.5 parts per million of global average atmospheric carbon emissions in 2020.
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The COVID-19 pandemic had a negative impact on the global automotive metal die-casting market. This can be attributed to the strict lockdown imposed by the government to reduce the spread of the virus. Moreover, the demand of customers for automotive components and parts was reduced owing to their limited expenditure to essential commodities.
The global automotive metal die-casting market is segmented by metals into magnesium, zinc, and aluminum. Out of which, the aluminum segment is expected to hold the largest share over the forecast period in the global automotive metal die-casting market. This can be attributed to the rise in demand for light weight vehicles, for which aluminum is used in the manufacturing process. Moreover, the demand for aluminum is increasing in normal daily activities owing to its high ductility.
Global Automotive Metal Die Casting Market Regional Synopsis
Regionally, the global automotive metal die casting market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of growth of the automotive industry and rapid development in the economy. As per the Indian Brand Equity Foundation, the production of total vehicles in India reached 22.65 million in the financial year 2021. Moreover, between April 2000 and September 2021, the automobile sector received a total of USD 30.78 billion in equity FDI.
Market Segmentation
Our in-depth analysis of the global automotive metal die-casting market includes the following segments:
By End-Users
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Building & Construction
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Transportation
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Mechanical & Manufacturing
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Others
By Metal
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Magnesium
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Zinc
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Aluminum
Growth Drivers and Challenges Impacting the Growth of the Global Automotive Metal Die Casting Market
Growth Drivers
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Government initiatives for reducing carbon dioxide
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Increase in the demand for light weight vehicles in the automobile sector
Challenges
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Instability in raw material prices
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Negative impact of the COVID-19 pandemic
Key Companies Dominating the Global Automotive Metal Die Casting Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global automotive metal die casting market that are included in our report are Endurance Technologies Limited, Nemak, Shiloh Industries, Ryobi Limited., PHB Corp., Martinrea International Inc., MINO Industry Co., Ltd, Dynacast., Buhler AG, Oskar Frech GmbH + Co. KG, and others.
Latest Developments in the Global Automotive Metal Die Casting Market:
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25 May 2020: Endurance Technologies Limited announced the acquisition of Italy-based Grimeca, a company providing service in developing and designing brakes products for light vehicles, and motorcycle.
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24 February 2022: Nemak announced it has been awarded a contract worth USD 350 per year to manufacture battery housing for global customers’ fully electric vehicles.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Frequently Asked Question
The market is segmented by end-users, metal, and by region.
The aluminum segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.
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Report ID: 10085834 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
