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Key Factor Supporting Aluminum Die Casting Market Development in 2025: Increasing Demand For Automobile Growth Boosting The Aluminum Die Casting Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Aluminum Die Casting Market Size By 2025?
The aluminum die casting market has seen robust growth in recent times, with a predicted expansion from $60.92 billion in 2024 to $66.03 billion in 2025, marking a compound annual growth rate (CAGR) of 8.4%. This past growth can be linked to numerous factors, such as increased usage of die-casting parts, a surge in vehicle sales, a soaring demand for passenger cars, heightened industrialization, and rampant urban development.
How Big Is the Aluminum Die Casting Market Size Expected to Grow by 2029?
Over the coming years, the aluminum die casting market is projected to witness robust expansion, reaching a staggering $89.97 billion in 2029, expressing a compound annual growth rate (CAGR) of 8.0%. The surge during this forecast period can be credited to increasing requirements for electric vehicles (EVs), escalating urbanization, progressive consumer electronics sector, surging demand for castings that are lightweight yet strong, and expansion of renewable energy initiatives. Key trends in the predicted period encompass casting methodologies, automation, progressive simulation and modeling tools, computer-aided design (CAD), enhancements in die-casting technology and the evolution of additive manufacturing techniques.
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Which Key Market Drivers Powering Aluminum Die Casting Market Expansion and Growth?
The expanding need for automobiles is set to boost the aluminum die casting market's expansion in the future. The automotive sector encompasses industries engaged in design, production, advertising, and sale of motor vehicles. Numerous aspects, such as changing transportation preferences, reduced interest rates, and consumers' desire for replacing aging vehicles are driving the surge in demand for automobiles. The use of aluminum die casting in the automobile industry enables manufacturers to produce vehicles that are lighter, more robust, more fuel-efficient and comply with strict performance and safety criteria. For instance, SUV sales, as reported by the European Federation for Transport and Environment, a Belgium-based non-governmental organization, exceeded 1 million in 2023 in February 2024, indicating a 23% enhancement from 2022 and demonstrating an increasing share of cumulative car sales. Consequently, the expanding demand for automobiles is propelling the growth of the aluminum die casting market.
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Which Fast-Growing Trends Are Poised to Disrupt the Aluminum Die Casting Market?
Major enterprises in the aluminum diecasting market are prioritizing strategic alliances to boost their market revenue. The synergy between firms is crucially significant in fulfilling the strategic goal of creating and delivering cutting-edge aluminum die casting solutions for several sectors such as automotive, construction, and consumer goods. For example, in May 2022, GF Casting Solutions, a firm based in Switzerland with a focus on the conception and fabrication of aluminum and other exceptional alloys, established a cooperative pact with the Bocar Group, an automotive supplier from Mexico that excels in aluminum die-casting and machining. Together, they aim to merge their skills in the international high-pressure die casting market. The collaboration is geared toward concentrating on the manufacture of lightweight components within mobility and energy sectors. Their joint goal is to capitalize on their proficiency in aluminum die casting to engineer new lightweight parts, which are essential for the production of eco-friendly vehicles.
What Are the Emerging Segments in the Aluminum Die Casting Market?
The aluminum die casting market covered in this report is segmented -
1) By Casting Process: High Pressure Die Casting, Low Pressure Die Casting, Vacuum Die Casting, Gravity Die Casting, Squeeze Die Casting
2) By Chamber Process: Hot Chamber Aluminum Die Casing, Cold Chamber Aluminum Die Casting
3) By End User: Automotive Components, Pumps And Valves, Industrial Component, Engineering Components, Construction, Packaging, Other End Users
Subsegments:
1) By High Pressure Die Casting: Hot Chamber Die Casting, Cold Chamber Die Casting
2) By Low Pressure Die Casting: Gas Assisted Low Pressure Die Casting, Water Assisted Low Pressure Die Casting
3) By Vacuum Die Casting: Vacuum Assisted High Pressure Die Casting, Vacuum Assisted Low Pressure Die Casting
4) By Gravity Die Casting: Permanent Mold Casting, Sand Casting
5) By Squeeze Die Casting: Cold Chamber Squeeze Die Casting, Hot Chamber Squeeze Die Casting
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Who Are the Global Leaders in the Aluminum Die Casting Market?
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
Which are the Top Profitable Regional Markets for the Aluminum Die Casting Industry?
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.
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