Die Casting Market Size, Share, Opportunities, And Trends By Material (Aluminum, Magnesium, Zink, Others), By Application (Automotive, Electronics And Electric, Aerospace And Defense, Medical, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Jun 2024
  • Report Code : KSI061615335
  • Pages : 143

Die Casting Market Overview:

Die casting is an automated casting technique that produces metal pieces of a certain shape by pressurizing molten material into a predetermined shape. Die-cast pieces are more grounded than plastic injection moldings of comparable dimensions. With so many applications, the automotive industry has grown significantly over the years. Die casting is used in the automotive sector for many different applications. It is the ideal process for producing the numerous metal pieces required to be cast into precise shapes for most cars. Aluminium and zinc are the two metals most frequently used in casting processes. According to the most recent data for 2021, there were 5% more new vehicle registrations in the UK (Source: gov. UK). Rising auto sales and the automotive industry's increased focus on producing lightweight metals are driving up demand for die-casting equipment.

Die Casting Market Drivers:

  • Among all segments, aluminum die-casting will have the largest share.

The lightweight alloy aluminum has a high degree of dimensional stability. Aluminum die casting is a common production procedure to produce intricate shapes and designs with a thin wall section. As a result, they are a widely used metal in numerous industries. Over the years, more and more industrial applications have seen an increase in the need for aluminum high-pressure die-casting parts. In the Asia-Pacific area, where about 37.08 million tons of refined aluminum were produced in 2020, China produced most of this metal (Source: nrcan.gc.ca). Due to the region's expanding aluminum production and consumption, significant advancements are expected in Asia-Pacific and Europe.

  • Innovation in the pressure die-casting market will dominate the growth

Pressure die-casting technology is always developing to keep up with recent business developments. As a result, new die lubricant technologies are being developed and introduced into the die-casting market. For Instance, A team of scientists from the International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), India, created a steel alloy powder manufacturing technology in June 2022 that may be used to create effective cooling channels for pressure die casting. This can lengthen the tool's useful life, increase the casted components' quality, and decrease the number of casting-process rejects. Thanks to these new technologies, casting machines can produce higher quality and complexity castings at higher die temperatures, which also shortens the time that machines need to be shut down for maintenance. As a result, die-casting facilities have increased productivity.

  • Consumer electronics' rising popularity will fuel growth.

As demand for smartphones, artificial intelligence, and voice recognition technology rises, as do the replacement cycles and falling prices of numerous electronic gadgets, the consumer electronics business is expanding. Die casting is an efficient way to facilitate the manufacturing of large numbers of precise parts, particularly for large solutions in applications that call for distinctive shapes that align with the needs of the electronics industry. The die casting industry experiences a similar response to the expanding demand for electronics. For instance, the best electronics engineering and manufacturing business in India, VVDN Technologies, continued its growth in November 2021 by constructing a new die-casting plant in Manesar, Haryana. Additionally, it has begun the full design, development, and production of "Make in India" tablets for domestic and international OEMs and clients. This facility will enhance the company's ability to produce several types of tablets, laptops, all-in-one PCs, etc.

Die Casting Market Key Developments:

  • June 2022: The first green castings for Volvo Group's engines were introduced in India. Assuming the industry adopts this strategy, this might result in 210 million tons of yearly CO2 emission reductions throughout Global Foundries. Brakes India will manufacture these Green Castings using waste, alloys, and raw materials completely devoid of radioactive elements.
  • November 2021: The world's toughest die-casting equipment is introduced by Bühler. As the need for bigger, more intricate parts in the automobile industry is rising, Bühler has further expanded its portfolio with the Carat 840 and the Carat 920. The Carat 840 and Carat 920 designs significantly improve the quality of these intricate, thin-walled parts. These call for a highly effective and precise injection unit and a uniform locking force application.
  • November 2021: Pace Sectors has purchased Jackson Die Cast, an aluminum high-pressure die casting factory, from Metal Technologies of Indiana. Pace Industries produces bespoke die casting, engineering, and production for numerous industries. With the addition of JDC in Jackson, Tennessee, Pace Industries has expanded its already substantial footprint throughout the United States and Mexico. The plant provides key competencies in machining, assembly, and aluminum die cast and trim activities that perfectly complement and broaden the Pace capabilities offering.

COVID-19 Impact:

The COVID-19 epidemic significantly impacted manufacturing activities, and the market experienced a downturn due to global trade restrictions and supply chain disruptions. It started as a human health issue and was seen as a serious threat to international trade, the economy, and the financial system. Due to the lockdown brought on by the COVID-19 epidemic, the manufacture of cars and electronics has been halted, which has had a severe effect on the market. However, consistent growth is anticipated during the predicted period thanks to the global recovery of economic activity.

Die Casting Market Scope:


Report Metric Details
Growth Rate CAGR during the forecast period
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Material, Application, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Aluminum Die Casting Co., Inc, Altra Industrial Motion Corp., Gibbs Die Casting Corporation, Dynacast International Inc., HONSEL Group, General Die Casters, Inc., Cast Products Inc., Apex Aluminum Die Casting Company Inc., Chicago White Metal Casting Inc., ABLE DIE CASTING Corporation
Customization Scope Free report customization with purchase



  • By Material
    • Aluminum
    • Magnesium
    • Zink
    • Others
  • By Application
    • Automotive
    • Electronics and Electric
    • Aerospace and Defense
    • Medical
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa (MEA)
      • Saudi Arabia
      • UAE
      • Isreal
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Indonesia
      • Thailand
      • Taiwan
      • Others


1.1. Market Overview

1.2. Market Definition

1.3. Market Segmentation


2.1. Research Data

2.2. Assumptions


3.1. Research Highlights


4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis


5.1. Introduction

5.2. Aluminum

5.3. Magnesium

5.4. Zink

5.5. Others


6.1. Introduction

6.2. Automotive

6.3. Electronics and Electric

6.4. Aerospace and Defence

6.5. Medical

6.6. Others


7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Others

7.5. Middle East and Africa (MEA)

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Isreal

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Taiwan 

7.6.8. Others


8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix


9.1. Aluminum Die Casting Co., Inc

9.2. Altra Industrial Motion Corp.

9.3. Gibbs Die Casting Corporation 

9.4. Dynacast International Inc.

9.5. HONSEL Group

9.6. General Die Casters, Inc.

9.7. Cast Products Inc. 

9.8. Apex Aluminum Die Casting Company Inc. 

9.9. Chicago White Metal Casting Inc. 

9.10. ABLE DIE CASTING Corporation

Aluminum Die Casting Co., Inc

Altra Industrial Motion Corp.

Gibbs Die Casting Corporation

Dynacast International Inc.


General Die Casters, Inc.

Cast Products Inc.

Apex Aluminum Die Casting Company Inc.

Chicago White Metal Casting Inc.