Die Casting & Forging Market worth $201.96 billion by 2030, growing at a CAGR of 8.88% - Exclusive Report by 360iResearch

The "Die Casting & Forging Market by Type (Casting, Forging), Material (Aluminum, Copper, Lead), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Die Casting & Forging Market to grow from USD 111.28 billion in 2023 to USD 201.96 billion by 2030, at a CAGR of 8.88%.

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Die casting & forging are metalworking processes that involve the shaping of metal by pressing, pounding, or squeezing it into a desired shape. In die casting, molten metal is pushed into a die cavity under high pressure and cooled to form a finished product. Forging involves pressing or hammering the metal at high temperatures to achieve the desired shape. Both processes require specialized tooling to obtain the desired results. Die casting & forging are commonly used for creating complex shapes and components that are otherwise difficult or impossible to produce using traditional methods. The growing inclination toward mechanization of industries and expansion of automotive and aerospace industries contribute to increased utilization of die casting & forging. On the contrary, the high cost, quality concerns, and need for large quantities of energy hinder the market expansion. However, integrating smart technologies to die casting & forging processes and the potential application of the process in the manufacturing of prefabricated building structures is expected to increase their usage in the coming years.

The die casting & forging market in Asia, North America, and Europe is mature with the widespread adoption across high GDP-generating sectors, including automotive, agriculture, and aerospace. The utilization of die casting & forging across China, India, Japan, South Korea, the U.S., and Germany, among others, is characterized by the large capacity of economies to manufacture automotive components such as engine blocks, cylinder heads, medical equipment, or other industrial goods. Die casting and forging are particularly popular in the production of consumer electronics, such as laptop computers and cell phones in Japan, China, South Korea, and the United States. In addition, die casting and forging are often used to create high-precision components with high tolerances that require specialized tools and techniques to produce as the governments are focused on increasing the utilization of machines and equipment in major GDP-generating sectors. In 2020, the Government of India targeted doubling farm mechanization per hectare in ten years to enhance productivity. In developing economies, die casting and forging provide an efficient way to bring products to market at a lower cost. The improvements in die casting & forging techniques through smart technologies and increasing adoption to produce metal components are expected to boost its usage in the coming years.

Market Segmentation & Coverage:

This research report categorizes the Die Casting & Forging Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Casting and Forging. The Casting is further studied across Cold Chamber Die Casting and Hot Chamber Die Casting. The Forging is further studied across Closed Die Forging, Cold Die Forging, Open/Impression Die Forging, and Seamless Rolled Ring Forging. The Forging is projected to witness significant market share during forecast period.

Based on Material, market is studied across Aluminum, Copper, Lead, Magnesium, Steel, and Zinc. The Aluminum is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Aerospace & Defense, Agriculture, Automotive & Transportation, Building & Construction, Manufacturing, Mining & Metallurgy, and Oil & Gas. The Manufacturing is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Die Casting & Forging Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Die Casting & Forging Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Die Casting & Forging Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Alcast Technologies, All Metals & Forge Group, American Die Casting, Inc, Anchor-Harvey Components, LLC, Anderson Shumaker Company, Apex Aluminum Die Casting Co. Inc., Auto Diecasting Company, Bharat Forge Limited, Bodine Aluminum, Consolidated Metco, Inc., Druckguss Westfalen GmbH & Co.KG, Dynacast by Form Technologies, General Motors, Gibbs Die Casting, Indian Diecasting Industries, Ken Forging Inc., Laukötter GmbH, Leech Industries, Inc., Leggett & Platt, Mercury Marine by Brunswick Corporation, Miguss Peter Mies GmbH, Newcast Die Casting, Powers and Sons, LLC, Ryobi Die Casting, Seva Die Casting, SRS Diecasting Pvt. Ltd., The Federal Group USA, Valiant Alucast Technology Pvt. Ltd., Vexos, Wolf Group OÜ, Yamaha Motor Co., Ltd., and Zetwerk.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Die Casting & Forging Market, by Type
7. Die Casting & Forging Market, by Material
8. Die Casting & Forging Market, by End-User
9. Americas Die Casting & Forging Market
10. Asia-Pacific Die Casting & Forging Market
11. Europe, Middle East & Africa Die Casting & Forging Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Die Casting & Forging Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Die Casting & Forging Market?
3. What is the competitive strategic window for opportunities in the Die Casting & Forging Market?
4. What are the technology trends and regulatory frameworks in the Die Casting & Forging Market?
5. What is the market share of the leading vendors in the Die Casting & Forging Market?
6. What modes and strategic moves are considered suitable for entering the Die Casting & Forging Market?

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