According to the new market research report “Automotive Parts Aluminum Die Casting- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Automotive Parts Aluminum Die Casting market size is projected to reach USD 91.06 billion by 2030, at a CAGR of 4.6% during the forecast period.
Die casting is a metal forming method in which metal melted at a high temperature is poured into a mold (die).
In die casting, a precision metal mold (die) is filled with molten metal at high speed under high pressure, instantly forming a product (casting). The raw materials used include non-ferrous alloys such as aluminum, magnesium and zinc.
Die casting is characterized by high dimensional accuracy and allows for the mass production of thin-walled products with complex shapes. Die casting also has the advantage of producing smooth casting surfaces requiring less machining after molding.
These advantages make die casting suited for use in making various components for automobiles, motorcycles, home appliances, office equipment, industrial machinery and builders' hardware. Aluminum die castings are lightweight and have excellent durability and recyclability.
This report mainly includes automotive parts aluminum die casting.
- Global Automotive Parts Aluminum Die Casting MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Automotive Parts Aluminum Die Casting- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Automotive Parts Aluminum Die Casting Top22Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Automotive Parts Aluminum Die Casting- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Automotive Parts Aluminum Die Casting include Nemak, Ryobi, Ahresty, IKD, Georg Fischer, Form Technologies, Guangdong Wencan, Guangdong Hongtu, Xusheng, DGS, etc. In 2023, the global top 10 players had a share approximately 18.0% in terms of revenue.
- Automotive Parts Aluminum Die Casting,Global Market Size, Split by Product Segment
Source: QYResearch, "Automotive Parts Aluminum Die Casting- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Automotive Parts Aluminum Die Casting,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Automotive Parts Aluminum Die Casting- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Technological Advancements: Ongoing technological advancements in die casting processes have improved efficiency, precision, and the manufacturability of complex components, contributing to the expansion of aluminum die casting in the automotive sector.
Electric Vehicle (EV) Adoption: Aluminum's lightweight properties make it particularly desirable for EV components, contributing to the overall expansion of the automotive parts aluminum die casting market.
Cost-Effectiveness: Aluminum die casting offers a cost-effective solution for producing complex automotive parts with high dimensional accuracy, driving its adoption in the automotive industry.
Restraint:
Supply Chain Disruptions: Like many industries, the automotive parts aluminum die casting market can be susceptible to supply chain disruptions, impacting the availability of raw materials and components.
Intensive Energy Consumption: The aluminum die casting process requires significant energy inputs, and managing energy consumption while ensuring cost-efficiency can be a challenge for manufacturers.
Competing Materials: While aluminum offers lightweight advantages, competition from alternative materials like advanced polymers and composite materials in certain automotive applications presents a challenge for the aluminum die casting market.
Market Trend:
Automakers continue to seek lightweight materials to improve fuel efficiency and performance, leading to increased demand for aluminum components produced through die casting.
The rise of electric vehicles has driven demand for aluminum die cast components, as aluminum's lightweight properties are especially beneficial for EV range and efficiency.
Stringent regulations related to emissions and fuel efficiency are driving automakers to adopt lightweight materials such as aluminum to meet these standards. This regulatory environment is propelling the demand for aluminum die cast automotive parts.
Environmental concerns have fostered a push for sustainable die casting materials, processes, and recycling initiatives within the automotive industry.
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