The global Automotive Parts Die Casting market is likely to grow at a growth rate of 7.7% to reach USD 1,25,080 million by 2030.

The traditional die-casting method has seen major changes and advancements. Currently, space frames and pillars, which are often welded to automotive chassis, are produced using the ultra-high vacuum die casting method.

One of the major reasons propelling the growth of the Automotive Parts Die Casting market is the rise in consumer desire for reliable, high-performance vehicles. The increase in demand for durable, low-maintenance auto parts drives up vehicle production. The market is also influenced by the rising standard of living in emerging nations and the rise in demand for passenger cars brought on by the increase in the number of middle-income groups. The availability of affordable alternatives to these vehicles is another factor influencing consumer preference for them.

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Additionally, the Automotive Parts Die Casting market is positively impacted by the growth of the automotive industry, a rise in investments, and rising disposable income.

Asia Pacific holds the biggest share of the Automotive Parts Die Casting Industry. Due to the existence of important nations like India, China, Japan, and others, the Asia-Pacific region is anticipated to dominate the market. With more than 60% of the regional (Asia-Pacific) die-casting market share, China is one of the largest producers of die-cast parts.

KEY INSIGHTS OF THIS REPORT:

• According to the insights provided by our research analyst, the global market is projected to experience a compound annual growth rate (CAGR) of approximately 7.7% throughout the forecast period spanning from 2023 to 2030.
• Due to international trade and travel restrictions put in place as a result of  COVID-19 pandemic, the nation's car industry was only slightly impacted. For example, According to the China Association of Automobile Manufacturers, in December 2020, China produced 2.84 million cars, an increase of 5.7% from the previous year. In December, 2.33 million passenger cars were produced, while commercial vehicle production was 509,000 units, up 2.3% from the previous year.
• Geographically, North America is poised to assert dominance in the market throughout the forecast period.
• In March 2021, order to acquire the aluminium die casting company, Sandhar Technologies Limited signed a non-binding Memorandum of Understanding MoU with Unicast Autotech.
• In April 2021, Toyota Industries Corporation and Siemens worked together to create artificial intelligence that could foresee product faults in aluminium die casting, a crucial step in the manufacturing of car air conditioning compressors.

The scope of this report covers the market by its major segments, which include as follows:

Automotive Parts Die Casting Production Process Type Outlook 

• Pressure Die-casting
• Vacuum Die-casting
• Squeeze Die-casting
• Semi-solid Die-casting

Automotive Parts Die Casting Raw Material Outlook 

• Aluminum
• Zinc
• Magnesium
• Others

Automotive Parts Die Casting Application Outlook 

• Body Assemblies
• Engine Parts
• Transmission Parts
• Others

Automotive Parts Die Casting Regional Outlook 

• North America (U.S., and Canada)
• Europe (Germany, U.K., France, Italy, Spain etc.)
• Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
• South America (Brazil, Mexico, Argentina etc.)
• Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

List of Key Players- Automotive Parts Die Casting Market

• Castwel Auto Parts Pvt Ltd
• Die-casting Solutions GmbH
• Dynacast International Inc.
• Endurance Group
• Gibbs Die-casting Group
• Kinetic Die-casting Company
• Mino Industry USA, Inc.
• Ningbo Parison Die-casting Co. Ltd
• Raltor Metal Technik