Global Aluminum Die Casting Market Report 2024

The aluminum die casting market size has grown strongly in recent years. It will grow from $56.48 billion in 2023 to $60.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to the increased use of die-casting parts, a surge in vehicle sales, higher demand for passenger cars, industrialization, and urbanization.

The aluminum die casting market size is expected to see strong growth in the next few years. It will grow to $83.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The projected growth in the forecast period is driven by rising demand for electric vehicles (EVs), continued urbanization, expansion of the consumer electronics industry, increasing need for lightweight and high-strength castings, and the growth of renewable energy initiatives. Key trends expected during the forecast period include advancements in casting techniques, automation, advanced simulation and modeling tools, computer-aided design (CAD), innovations in die-casting technology, and additive manufacturing techniques.

The rising demand for automobiles is expected to drive the growth of the aluminum die casting market in the future. The automobile sector encompasses the design, development, manufacturing, marketing, and sale of motor vehicles. Several factors are contributing to the increased demand for automobiles, including shifts in mobility preferences, low interest rates, and the need for consumers to replace aging vehicles. Aluminum die casting in the automotive industry enables manufacturers to produce vehicles that are lighter, stronger, and more fuel-efficient while adhering to stringent performance and safety standards. For instance, the International Trade Administration, a US-based government agency, reported that approximately 26 million automobiles were sold in 2021, including 21.48 million passenger cars, representing a 7.1% increase over 2020. Therefore, the growing demand for automobiles is propelling the aluminum die casting market forward.

Leading companies in the aluminum die casting market are focusing on forming strategic partnerships to enhance their market revenues. Collaborations between companies are crucial for achieving strategic objectives and delivering innovative aluminum die casting solutions for various industries such as automotive, construction, and consumer goods. For example, in May 2022, GF Casting Solutions, a Swiss company specializing in aluminum and other superalloys, entered into a collaborative agreement with Bocar Group, a Mexican automotive supplier specializing in aluminum die-casting and machining. This partnership aims to combine their capabilities in the global high-pressure die casting market, focusing on producing lightweight components for the mobility and energy industries. The collaboration seeks to leverage their expertise in aluminum die casting to design new lightweight components essential for environmentally friendly vehicles.

In April 2021, Weber Holding GmbH, a German automotive supplier specializing in powertrain component machining and assembly, acquired Schweizer Group Global GmbH. This acquisition, for an undisclosed amount, aimed to enhance vertical integration efforts within the automotive industry. Schweizer Group Global GmbH is a German company providing aluminum die casting services.

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.

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. The countries covered in the aluminum die casting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aluminum die casting is a manufacturing process that involves injecting molten aluminum into a steel mold under high pressure to create intricate and precise metal parts. These components are widely used in various industries because of their lightweight nature, high strength, and excellent thermal conductivity.

The primary casting processes in aluminum die casting include high-pressure die casting, low-pressure die casting, vacuum die casting, gravity die casting, and squeeze die casting. High-pressure die casting is a method where molten metal is injected into a mold cavity under high pressure. The chamber processes involved are hot chamber aluminum die casting and cold chamber aluminum die casting, which serve numerous end-users such as automotive components, pumps and valves, industrial components, engineering components, construction, packaging, and others.

The aluminum die casting market research report is one of a series of new reports that provides aluminum die casting market statistics, including the aluminum die casting industry global market size, regional shares, competitors with aluminum die casting market share, detailed aluminum die casting market segments, market trends, and opportunities, and any further data you may need to thrive in the aluminum die casting industry. These aluminum die casting market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The aluminum die casting market consists of revenues earned by entities by providing services such as die design and manufacturing, material selection and alloy expertise, CNC (computer numerical control) machining, quality assurance and testing, assembly and subassembly, and supply chain management. The market value includes the value of related goods sold by the service provider or included within the service offering. The aluminum die casting market also includes sales of steering knuckles, crash management systems, furnaces, aluminum alloys, and dimensional measurement tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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