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Die Casting - Global Market Trajectory & Analytics

  • ID: 4845702
  • Report
  • February 2022
  • Region: Global
  • 406 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Arconic, Inc.
  • Form Technologies, Inc.
  • GF Casting Solutions AG
  • Gibbs Die Casting Corp.
  • Hitachi Metals, Ltd.
  • Pace Industries

Global Die Casting Market to Reach $105.6 Billion by 2027


Amid the COVID-19 crisis, the global market for Die Casting estimated at US$64.7 Billion in the year 2020, is projected to reach a revised size of US$105.6 Billion by 2027, growing at a CAGR of 7.2% over the analysis period 2020-2027. Automotive, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$47.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Machinery segment is readjusted to a revised 7.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $10.2 Billion, While China is Forecast to Grow at 8.7% CAGR


The Die Casting market in the U.S. is estimated at US$10.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$44.2 Billion by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Other End-Uses Segment to Record 5.8% CAGR


In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15 Billion in the year 2020 will reach a projected size of US$21.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$16.7 Billion by the year 2027, while Latin America will expand at a 5.9% CAGR through the analysis period.

Select Competitors (Total 69 Featured) -

  • Arconic, Inc.
  • Endurance Technologies Limited
  • Form Technologies, Inc.
  • GF Casting Solutions AG
  • Gibbs Die Casting Corp.
  • Hitachi Metals, Ltd.
  • Martinrea Honsel Germany GmbH
  • Pace Industries
  • Ryobi Limited
  • Sigma Electric Manufacturing Corp.
Frequently Asked Questions about the Global Market for Die Casting

What is the estimated value of the Global Market for Die Casting?

The Global Market for Die Casting was estimated to be valued at $64.7 Billion in 2020.

What is the growth rate of the Global Market for Die Casting?

The growth rate of the Global Market for Die Casting is 7.2%, with an estimated value of $105.6 Billion by 2027.

What is the forecasted size of the Global Market for Die Casting?

The Global Market for Die Casting is estimated to be worth $105.6 Billion by 2027.

Who are the key companies in the Global Market for Die Casting?

Key companies in the Global Market for Die Casting include Arconic, Inc., Endurance Technologies Limited, Form Technologies, Inc., GF Casting Solutions AG, Gibbs Die Casting Corp., Hitachi Metals, Ltd., Martinrea Honsel Germany GmbH, Pace Industries and Sigma Electric Manufacturing Corp..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arconic, Inc.
  • Form Technologies, Inc.
  • GF Casting Solutions AG
  • Gibbs Die Casting Corp.
  • Hitachi Metals, Ltd.
  • Pace Industries

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • An Introduction to Die Casting
  • Die Casting Market: Critical for Production of Manufactured Parts and Finished Goods
  • Die Casting Volume Market Analysis
  • Die Casting Global Market Estimates and Forecasts in Thousand Metric Tons by Region/Country: 2018-2025
  • Die Casting Global Retrospective Market Scenario in Thousand Metric Tons by Region/Country: 2009-2017
  • Developing Economies Continue to Spearhead Market Growth
  • An Insight into Global Castings Production
  • World Casting Market: Percentage Breakdown of Production Volume by Material for 2019E
  • Leading Metal Casting Producing Countries Worldwide: Percentage Breakdown of Production Volume by Country for 2019E
  • Global Castings Market (2018): Average Production per Plant in Thousand Metric Ton by Select Leading Countries
  • Ferrous Metal Castings Continue to Dominate, While Nonferrous Metal Castings Gradually Gaining Ground
  • Global Economic Environment and Manufacturing Sector Trends Influence Die Casting Market Dynamics
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
  • Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2015 through 2019
  • Die Casting – Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Die Cast Automotive Parts Receive a Boost Against the Backdrop of the Engineering Focus Shed on Lightweighting
  • Massive Engineering Interest in Lightweighting Catalyzes Application of Aluminum Die Cast in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016 & 2019
  • Rising EV Sales: Another Emerging Growth Catalyst in the Automotive End-Use Sector
  • With Myriad Factors Boosting the Outlook for EVs, Die-Casting Foundries Will Witness the Emergence of New Demand Opportunities: Number of EVs On Road Worldwide by Type (In Units) for the Years 2016, 2018, and 2022
  • Competition between Steel and Aluminum Castings Heats Up in the Auto Industry
  • Heavy Transportation Segments Add to the Demand
  • Global Aircraft Fleet by Aircraft Type for the Years 2018 and 2038
  • Heavy Industrial Equipment/Machinery Manufacturing Industry Promises Bright Prospects
  • Opportunity Indicators
  • Global Construction Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Global Mining Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Sustained Demand for Consumer Appliances Worldwide: A Strong Growth Driver
  • Global Household Appliances Market: Sales in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Increasing Replacement of Wrought Iron and Steel with Aluminum Castings in Military and Defense Applications: An Opportunity for Growth
  • Increased Defense Spending Bodes Well for Die Casting Market: Military Expenditure Worldwide in US$ Billion for the Years 2001 through 2018
  • Projected Defense Budget in US$ Billion for the Years 2019, 2021 and 2023
  • Leading Countries Ranked by Defense Budgets in US$ Billion for 2018
  • Rising Significance of Castings in Energy Production Chain Spurs Demand from Power Industry
  • Global Wind Energy: Breakdown of Cumulative Installed Capacity in GW by Region for the Years 2018 and 2022
  • Mechanization of Agriculture Adds to the Demand
  • Production of Plumbing Pipes & Fittings: A Lucrative Market Opportunity for Castings
  • Global Market for Plumbing Fittings and Fixtures: Breakdown of Sales in US$ Billion by Region for Years 2018 and 2022
  • Porosity-Free, High-Strength and Superior Finish Aluminum Castings: A Key Requirement in Medical Devices
  • Telecommunications Equipment: A High Potential End-use Application
  • Die Casting: The Most Widely Used Process to Transform Aluminum into Products
  • High Pressure Die Casting Market Rides on the Lightweight Trend in Automotive Industry
  • Global High Pressure Die Casting Market: Percentage Breakdown of Revenues by Applications for 2019 and 2025
  • Magnesium Emerges as a Promising Alternative to Aluminum Die Cast
  • Comparative Analysis of Design Parameters
  • Automation Ensures Improved Productivity for Die Casting Industry
  • Growing Automation in Aluminum Die Casting Fosters Improved Productivity
  • Technological Advancements and Innovations Spur Market Growth
  • Simulation-based Castings Continues to Gain Traction

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Casting: The Foundation of US Manufacturing Sector
  • Market Analytics

CANADA

JAPAN

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Chinese Die Casting Market: Poised for Growth
  • Market Analytics

EUROPE

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analysis by Volume
  • European Die Casting Market Demand Scenario in Thousand Metric Tons by Region/Country: 2018-2025
  • Die Casting Market in Europe: A Historic Market Perspective in Thousand Metric Tons by Region/Country for the Period 2009-2017

FRANCE

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Analysis by Volume
  • Asia-Pacific Die Casting Market Estimates and Forecasts in Thousand Metric Tons by Region/Country: 2018-2025
  • Die Casting Market in Asia-Pacific: Historic Market Analysis in Thousand Metric Tons by Region/Country for the Period 2009-2017

INDIA

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Auto Industry to Drive Growth in the Indian Die Casting Market
  • Passenger Car Sales in India (in Million Units): 2010-2025
  • Indian Castings Market: Percentage Breakdown of Volume Shipments by End-Use Segment for 2018
  • Market Analytics

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Market Analysis by Volume
  • Latin American Die Casting Market Trends by Region/Country in Thousand Metric Tons: 2018-2025
  • Die Casting Market in Latin America in Thousand Metric Tons by Region/ Country: A Historic Perspective for the Period 2009-2017

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Die Casting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 69
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Arconic, Inc.
  • Endurance Technologies Limited
  • Form Technologies, Inc.
  • GF Casting Solutions AG
  • Gibbs Die Casting Corp.
  • Hitachi Metals, Ltd.
  • Martinrea Honsel Germany GmbH
  • Pace Industries
  • Ryobi Limited
  • Sigma Electric Manufacturing Corp.
Note: Product cover images may vary from those shown