Die Casting Product Market In-depth Analysis, Rising Business Opportunities And Estimated Forecast Till 2031 | Nemak, Ryobi Group, Ahresty, Georg Fischer, DGS Druckguss Systeme

Market Overview:

Die casting is a manufacturing process used to produce parts by forcing molten metal under high pressure into a mold cavity. The main products made through die casting include aluminum auto parts, aluminum or zinc fittings and fixtures, and small zinc or plastic household fixtures.

Market Dynamics:

The die casting product market is expected to witness significant growth over the forecast period owing to two key drivers. Firstly, increasing automotive production worldwide is expected to drive the demand for die casted aluminum auto parts such as engine parts, wheels, and other components. Between 2023-2030, automotive production is projected to increase at a CAGR of over 5%, primarily in Asia Pacific and Latin America. Secondly, growth in the industrial machinery and equipment industry is also supporting the demand for die casted components. Various types of fittings, fixtures and other small parts are casted using die casting for industrial machinery and equipment. The industry is growing at around 4% annually creating ongoing opportunities for die casting product manufacturers.

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Increasing Demand from Automotive Industry is Driving the Die Casting Product Market :

The automotive industry has been one of the major consumers of die casting products for manufacturing various components used in vehicles. With rising vehicle production worldwide supported by growing global auto demand, the need for die casted auto parts has also increased significantly. Die casted components find extensive usage in manufacturing engines, transmissions, braking systems, suspensions and other mechanical parts that require dimensional precision and strength. As the auto sector expands driven by rising motorization in developing nations and shift towards electric vehicles, it will augment the consumption of die casted products and drive higher revenues for players in this market.

Rising Electronics Usage is Another Key Growth Driver :

Another key end-use industry driving the die casting product market is electronics. Die casting methods are widely adopted in electronics manufacturing for parts like housings, connectors and brackets due to benefits like net shape capability and ability to produce complex designs. Increased electronics content in automobiles as well as strong demand for consumer electronic goods like smartphones, laptops, wearables have raised the need for precision die casted components. Electronics manufacturers are also utilizing innovative aluminum and zinc die casting alloys to develop products with enhanced aesthetics, durability and lightweight properties. This growing reliance on die casting from electronics creators is thereby functioning as a prominent growth propeller.

Adoption of Near-Net-Shape Technology Presents Significant Opportunity :

A key opportunity arising for die casting product market players is increasing utilization of near-net-shape casting technology. This advanced manufacturing technique assists in developing complex metal components with excellent dimensional accuracy and minimal post-casting processing needs. Near-net-shape casting helps reduce material wastage compared to conventional die casting and minimize post-production operations like machining. This enhances manufacturing efficiencies and allows die casters to save on labor and machining costs. As automakers and component manufacturers seek lightweight solutions and aim at lowering total production expenses, adoption of near-net-shape die casting technology is expected to rise significantly over the coming years. Die casting enterprises can gain competitive edge by integrating near-net-shape capabilities.

Rising Adoption of Aluminum as Replacement to Steel and Iron Represents Major Trend :

An important trend observed in the die casting product industry is growing replacement of steel and iron with aluminum metal. Several end-use sectors are increasingly turning to aluminum die casting due to its excellent strength-to-weight ratio and corrosion resistance properties. Aluminum helps develop lighter auto/machinery parts without compromising on load bearing capacity. Considering the auto industry's focus on fuel efficiency and emission reductions, aluminum die casting is being widely adopted as an alternative to steel in manufacturing powertrain, chassis and body components. Even consumer electronic makers favor aluminum for its aesthetic looks achieved through varied casting processes. This rising shift towards aluminum as a preferred material substitute represents a major trend and opportunities for aluminum die casting manufacturers.

List of the Top Key Players in the Market:

✦ Nemak
✦ Ryobi Group
✦ Ahresty
✦ Georg Fischer
✦ DGS Druckguss Systeme
✦ Föhl
✦ TSUKUBA DIECASTING
✦ Dynacast
✦ Alupress
✦ Druckguss Westfalen
✦ Bruschi
✦ Twin City Die Castings
✦ Guangdong Hongtu
✦ Ecodi
✦ Wencan shares
✦ Derivative Technology
✦ Xusheng shares
✦ Wanfeng Auto

Segmentation by type:

✦ Aluminum and Its Alloy Die Castings
✦ Magnesium and Its Alloy Die Castings
✦ Zinc and Its Alloy Die Castings
✦ Other

Segmentation by Application:

✦ Automotive
✦ Consumer Electronics
✦ Electrical Tools
✦ Industrial Equipment
✦ Aerospace
✦ Medical Equipment
✦ Other

Die Casting Product Market Study Coverage:

✅ It includes major manufacturers, emerging players' growth story, and major business segments of keyword Market Opportunities & Growth Trend to 2031 market, years considered, and research objectives. Additionally, segmentation is based on the type of product, application, and technology.

✅ Die Casting Product Market Opportunities & Growth Trend to 2031 Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, issues, and macroscopic indicators.

✅ Die Casting Product Market Production by Region Die Casting Product Market Profile of Manufacturers-players are studied based on SWOT, their products, production, value, financials, and other vital factors.

Major highlights from Table of Contents:

1.1 Die Casting Product Introduction
1.2 Global Die Casting Product Market Size Forecast
1.2.1 Global Die Casting Product Sales Value
1.2.2 Global Die Casting Product Sales Volume
1.2.3 Global Die Casting Product Sales Price
1.3 Die Casting Product Market Trends & Drivers
1.3.1 Die Casting Product Industry Trends
1.3.2 Die Casting Product Market Drivers & Opportunity
1.3.3 Die Casting Product Market Challenges
1.3.4 Die Casting Product Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives

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Reasons to Purchase Report:

✔️ The Report Provides In-Depth Analysis Of The Global Die Casting Product Market, And Provides Market Size (US$ Million) And CAGR For The Forecast Period (2024-2030), Considering 2022 As The Base Year.

✔️ The Report Profiles Key Players In The Global Die Casting Product Market Based On The Following Parameters - Company Details (Found Date, Headquarters, Manufacturing Bases), Products Portfolio, Die Casting Product Sales Data, Market Share And Ranking.

✔️ This Report Elucidates Potential Market Opportunities Across Different Segments And Explains Attractive Investment Proposition Matrices For This Market.

✔️ This Report Illustrates Key Insights About Market Drivers, Restraints, Opportunities, Market Trends, Regional Outlook.

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