Die Casting Market to Expand Significantly by 2033, Supported by Automotive Lightweighting and Industrial Growth

Market Overview:

According to IMARC Group's latest research publication, "Die Casting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global die casting market size reached USD 69.72 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 112.27 Billion by 2033, exhibiting a growth rate (CAGR) of 5.17% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

How AI is Reshaping the Future of Die Casting Market

• AI-powered automation systems reduce manufacturing costs by 40% and cut production time from 1-2 hours to just 3-5 minutes in automotive die casting applications.
• Smart manufacturing technologies utilizing AI enhance precision die casting, reducing defect rates by 22-28% through predictive quality control and real-time process optimization.
• Companies like UBE Corporation integrate AI-driven ultra-large die casting machines for electric vehicle parts, improving efficiency and meeting growing EV component demand.
• Machine learning algorithms optimize die design processes, reducing robotic weld points from 700-800 to just 50 while maintaining structural integrity and performance standards.
• AI-enabled supply chain management systems improve die casting material procurement efficiency by 25%, supporting just-in-time manufacturing in automotive and electronics sectors.

Claim Your Free "Die Casting Market" Insights Sample PDF

Key Trends in the Die Casting Market

• Automotive Industry Dominance: The automotive sector leads with 54.5% market share, driven by demand for lightweight components in engines, transmission housings, and structural parts. Motor vehicle production in India reached 5.85 million units in December 2023, up from 5.46 million units in 2022, boosting die casting demand.
• Electric Vehicle Revolution: Growing EV adoption drives specialized die casting demand for battery housings, powertrains, and chassis components. Delhi government's installation of 100 battery charging points and major automotive investments highlight the shift toward electrification requiring advanced die cast parts.
• Pressure Die Casting Technology Leadership: High-pressure die casting dominates with 45% market share due to its ability to produce precise, complex parts with smooth surfaces and minimal defects, essential for automotive, electronics, and aerospace applications.
• Aluminum Material Preference: Aluminum leads the market with 64.6% share due to superior strength-to-weight ratio, corrosion resistance, and thermal conductivity. The material's recyclability aligns with sustainability initiatives driving eco-friendly manufacturing processes.
• Asia-Pacific Manufacturing Hub: The region dominates with 54.3% market share, led by China, India, and Japan's robust automotive and electronics industries. Strong economic growth and manufacturing infrastructure support continued market expansion.

Growth Factors in the Die Casting Market

• Lightweight Component Demand: Industries prioritize fuel efficiency and reduced emissions, driving demand for aluminum and magnesium die cast components that maintain performance while reducing vehicle weight. Over 85.4 million motor vehicles produced annually worldwide create massive demand for lightweight parts.
• Technological Advancements: Innovations in high-pressure die casting, advanced die designs, and robotics automation enable production of more complex components at lower costs. UBE Corporation's March 2023 launch of ultra-large die casting machines for EV parts exemplifies industry commitment to technological advancement.
• Government Investments and Sustainability: By 2025, 11-15% of U.S. investment managers plan to allocate 40% of portfolios to ESG investments, boosting die casting adoption due to its environmental benefits. Die casting generates less waste and uses highly recyclable metals like aluminum.
• Manufacturing Capacity Expansion: Major investments like MG Motors' USD 173.20 million expansion at Gujarat's Halol plant and Great Wall Motors' USD 1 billion commitment in India demonstrate industry growth. These investments support increased production capacity and localization of die casting components.
• Consumer Electronics Growth: Increasing smartphone, laptop, and home appliance production drives demand for flexible, lightweight, heat-resistant precision die cast parts. Electronics industry expansion creates substantial opportunities for specialized die casting applications.

Get Instant Access to the Full Report with a Special Discount!

Leading Companies Operating in the Global Die Casting Industry:

• BUVO Castings
• Dynacast
• Endurance Technologies Limited
• FAIST Group
• GF Casting Solutions
• Gibbs Die Casting Corporation
• Linamar Corporation
• Martinrea Honsel
• Nemak
• Pace Industries
• Rockman Industries Ltd
• Ryobi Limited
• Sundaram Clayton Limited

Die Casting Market Report Segmentation:

Breakup By Process:

• Pressure Die Casting
• Vacuum Die Casting
• Squeeze Die Casting
• Others

Pressure die casting accounts for 45% market share due to its ability to produce highly precise parts with excellent dimensional accuracy and minimal material waste.

Breakup By Raw Material:

• Aluminum
• Magnesium
• Zinc

Aluminum dominates with 64.6% market share owing to superior strength-to-weight ratio, corrosion resistance, and strong thermal and electrical conductivity properties.

Breakup By Application:

• Automobile
• Consumer Electronics
• Industrial Machinery
• Aerospace
• Building & Construction
• Others

Automobile leads with 54.5% market share due to heavy reliance on die casting for transmission housings, engine blocks, and structural components requiring lightweight yet durable materials.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific dominates with 54.3% market share driven by industrialization, strong manufacturing base, and growing automotive, consumer electronics, and industrial parts demand.

Recent News and Developments in Die Casting Market

• March 2023: UBE Corporation developed an ultra-large die casting machine specifically targeting electric vehicle parts production, demonstrating industry commitment to meeting growing EV component demand with advanced manufacturing technology.
• April 2023: GF Casting Solutions opened a new facility in Shenyang, Northern China, focused on complex aluminum and magnesium metal casting for automotive industry, highlighting Asia-Pacific region's continued manufacturing expansion.
• 2024: Asia-Pacific maintained market leadership with 54.3% share as major automotive manufacturers expanded production capacity. Motor vehicle production growth and electronics sector expansion drove sustained demand for die casting components.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302