Press release
Gigacasting Market is valued at USD 4.2 billion in 2024 and is projected to reach USD 12.8 billion by 2030
Gigacasting Market
The Gigacasting Market is expanding rapidly as automotive manufacturers shift toward large-scale aluminum die casting to streamline vehicle production, reduce part count, and improve structural rigidity. Gigacasting-popularized by Tesla-enables the manufacturing of massive underbody components, rear and front vehicle structures, and crash-relevant parts in a single shot, replacing dozens of welded components.
The global gigacasting market is valued at USD 4.2 billion in 2024 and is projected to reach USD 12.8 billion by 2030, growing at an exceptional CAGR of 20.1% during 2024-2030. Growth is driven by the global expansion of electric vehicles (EVs), demand for lightweighting, and adoption of cost-efficient production technologies by major OEMs.
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Market Growth (2024-2030)
• Market Size 2024: USD 4.2 billion
• Market Size 2030: USD 12.8 billion
• CAGR: 20.1%
Asia-Pacific leads the market due to strong EV manufacturing capabilities and large-scale adoption of gigapresses by Chinese automakers.
Key Market Drivers
• Increasing EV production demanding lightweight, rigid, and integrated vehicle structures
• OEM efforts to reduce part count and simplify manufacturing processes
• High demand for large-tonnage die-casting machines (6000T-9000T+)
• Significant improvements in aluminum alloy strength, fluidity, and recyclability
• Automation advancements enabling high-precision robotic foundry systems
• Adoption across global automakers such as Tesla, Toyota, Hyundai, Geely, Volvo, and BYD
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Market Segmentation
By Machine Tonnage
• Below 6000 Tons
• 6000-9000 Tons (Largest segment)
• Above 9000 Tons (Fastest growing; used for full underbody castings)
By Component Type
• Front Underbody Casting
• Rear Underbody Casting
• Battery Tray & Structural Pack
• Side Body Modules
• Cross-Members & Crash Structures
• Chassis & Subframe Parts
By Material
• High-Strength Aluminum Alloys
• Magnesium Alloys
• Aluminum-Silicon Blends
• Recycled Alloy Formulations
By Application
• Electric Passenger Vehicles
• Hybrid Vehicles
• Premium/High-Performance Cars
• Light Commercial Vehicles
• Autonomous Vehicle Platforms
By End-Use Industry
• Automotive Manufacturing
• EV OEMs
• Tier-1 Component Suppliers
• Die-Casting Foundries
• Industrial Robotics & Automation
By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Market Trends
• Surge in adoption of gigapresses (8000-12000 tons) for EV structural parts
• Shift toward structural battery packs integrated into gigacast underbodies
• Development of advanced high-fluidity aluminum alloys for large molds
• OEM investments in in-house gigacasting foundries to reduce outsourcing
• Robotic automation increasing casting precision and cycle time efficiency
• Significant reduction in welding, stamping, and assembly operations
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Competitive Landscape
Key players in the global Gigacasting Market include:
• IDRA Group (Inventor of the first 9000T and 12000T gigapresses)
• LK Machinery
• Bühler Group
• Toshiba Machine Co.
• UBE Machinery Corporation
• Frech Group
• Norican Group
• Nemak
• Rheinmetall AG
• Ryobi Limited
These companies focus on developing ultra-large die-casting machines, optimizing cycle time, improving alloy performance, and integrating robotic automation systems.
Recent Developments
• Multiple 9000T-12000T gigapress installations across EV manufacturing hubs in China, North America, and Europe
• Global automakers expanding in-house casting facilities to reduce reliance on multi-part stamping
• Introduction of AI-driven predictive casting systems for defect reduction
• New alloy formulations launched for crash-resistant structural castings
• Strategic collaborations between die-casting machine manufacturers and EV OEMs
• Automation companies deploying robotic pouring, trimming, and inspection solutions
This report is also available in the following languages : Japanese (ギガキャスティング市場), Korean (기가캐스팅 시장), Chinese (千兆广播市场), French (Marché du gigacasting), German (Gigacasting-Markt), and Italian (Mercato del Gigacasting), etc.
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Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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