Automotive Parts Die Casting Market Share

 Automotive Parts Die Casting Market Scenario :

The Automotive Parts Die Casting Market industry is projected to grow from USD 62748.4 Million in 2021 to USD 90479.4 Million by 2032, exhibiting a compound annual growth rate (CAGR) 6.2% during the forecast period (2023 - 2032). Several factors are responsible for the growth of automotive parts die casting market over time in the global scenario. Firstly, industrialization and automation have brought about the revolution of mass scale production in minimum time. Die casting process provides precise component specification manufactured in the shortest time possible. Secondly, the government initiatives are inclined towards energy saving and lowering the carbon footprint for the automobile manufacturing process which can be achieved using the die casting process.

Market Segmentation:

On the basis of production process, the pressure die casting is the most widely used method. This can be attributed to the simplicity of operation, which makes it suitable for large-scale manufacturing at affordable rates. Squeeze die casting is similar to pressure die casting, in which the molten metal is in close contact with the die metal under high pressure, providing the die at the desired hardness level. On the basis of the raw materials, aluminum is the most widely used for manufacturing of the dies owing to its high malleability. On the basis of application type, the die casting process is most widely used for manufacturing engine parts and transmission parts owing to the high complexity and intricacy involved in the design and production process.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific market is expected to drive the growth of the automotive parts die casting market. The automotive industry in this region is expected to grow rapidly owing to the increasing population, increasing purchase power of the people, growing middle class. Countries such as India and China are expected to emerge as major automotive hubs in the next decade. To cater to the large number of automotive sales and sell automobiles at affordable prices, die casting is the ideal manufacturing process. The Europe market has been the global automotive hub for research and innovation. The die casting process helps in manufacturing the components of required intricate design. The North America market is the largest market in terms of the ratio of automobile sales per person. All these reasons, aptly justify the usage and high growth potential for the global automotive parts die casting market.

The automotive die casting process is basically a manufacturing process used to manufacture complex and intricate metal parts and components using reusable molds, which are called dies. The die casting process used in automobiles makes use of metal, die casting machine, furnace and die. The metal that is usually a nonferrous alloy like zinc or aluminum is first melted in the furnace and then injected inside the dies of the die casting machine.

The report for Global Automotive Parts Die Casting Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Key Players

The key players in automotive parts die casting market are

• Alcast Company (U.S.),


• Dynacast, LLC (U.S.),


• Endurance Technologies Limited (India),


• Gibbs Die Casting Corp (U.S.),


• Rockman Industries (India).


• Ryobi Die Casting Inc. (U.S.),


• Kinetic Die Casting Company, Inc. (U.S.),


• Magic Precision Inc. (China),


• Meridian Lightweight Technologies Inc. (England),


• Mino Industry USA, Inc. (U.S.)

Recent developments

January 2024: Neta and LK Technology will jointly develop a die-casting machine in the 20,000-ton class. This machine is expected to reduce the manufacturing time of vehicle chassis from 1-2 hours to 1-2 minutes.

The arms race in China’s electric vehicle (EV) industry is spilling over into large-scale die-casting machines.

Neta, a brand of Hozon Auto, announced today that it signed a strategic cooperation agreement with Hong Kong-listed integrated die-casting machine maker LK Technology on December 15 to jointly develop die-casting equipment in the 20,000-ton class.

It would be more powerful than Xpeng’s current 12,000-tonne die casting machine; as well as Tesla and Aito’s respective 9,000 tonne ones; and Zeekr’s own 7,200 tonne system.

According to Neta’s statement, this can make skateboard chassis in one to two minutes or B-class vehicle chassis through applying integrated die casting technology for larger parts with aid of this tool.

Additionally, Neta will buy several large-scale die casting machines from LK Technology and establish a joint venture to create a demonstration manufacturing base for die casting in eastern China's Anhui province.

This integrated process can integrate otherwise separate components, making vehicles have less number of parts compared with traditional methods, resulting in low costs of production among others.

Also giving weight reduction opportunity as well as improving vehicle comfort it takes only between one and two minutes using such technique instead of traditional time consumption ranging from one hour up to two hours claimed Neta

Moreover, by having built this14. Creating a facility for die-casting worth twenty thousand metric tonnes has crucial implications not just for cost reductions but also for selling more than one million cars globally in five years’ time, according to the statement from Neta.

As indicated by Neta, this would be done by 2026, when it will have become a global high-tech technology company and achieved sales of one million in the world market.