Global Die Casting Market Size and Share Analysis 2023-2028

Market Overview

Die casting is an automated casting process wherein metal parts of specific shapes are produced by pouring molten material into a mold under pressure.

The market size of the Die Casting Market is projected to grow from USD 77.99 billion in 2023 to USD 105.55 billion by 2028, at a CAGR of 6.24% during the forecast period (2023-2028).

Product Type

Market Report

No. of Pages


Release Date

March 2023

Base Year


Forecast Period


Market Size

USD 74.9 billion in 2021

Market Segments

Process, Raw Material, Application



No. of Companies Mentioned


The COVID-19 outbreak had a negative impact on the manufacturing industry, causing disruptions in the supply chain as major economies went into lockdown. Manufacturing units and OEM plants were compelled to suspend production and operations during this period. As economies slowly recover, the market has witnessed a surge in demand for die-cast parts, particularly in the automotive industry due to a shift in consumer preference towards lightweight vehicles. This trend is expected to persist and drive market growth.

In the medium term, the die-casting market is primarily driven by supply chain complexities in the die-casting industry, the expanding automotive market, increased adoption of die-casting parts in industrial machinery, growth in the construction sector, and the utilization of aluminum casts in electrical and electronics. The implementation of Corporate Average Fuel Economy (CAFÉ) standards and Environmental Protection Agency (EPA) policies aimed at reducing automobile emissions and improving fuel efficiency have prompted automakers to reduce vehicle weight by incorporating lightweight non-ferrous metals. Consequently, the adoption of die-cast parts for weight reduction purposes serves as a significant driver in the automotive segment.

The increasing demand for aluminum die-casting parts in the electrical and electronics industry, driven by their high thermal conductivity, is expected to contribute to market growth during the forecast period. However, challenges such as limited raw material supply, price volatility of raw materials, and environmental regulations pertaining to emissions in the metallurgy industries hinder market growth.

The Asia-Pacific region is expected to dominate the die-casting market, primarily due to the growing demand for automobiles in countries like China and India, as well as the increased usage of aluminum die-casting across various applications. North America is also anticipated to experience significant growth in the aluminum die-casting market, driven by increased output from the construction and automotive sectors.

Market Segmentation

The market is segmented based on various factors, including process, application, end user, raw material, and region.

Segmentation by Process
Pressure Die Casting
Vacuum Die Casting
Squeeze Die Casting
Other Processes

Segmentation by Application
Electrical and Electronics
Other Applications

Segmentation by Raw Material

Segmentation by Region
North America – United States, Canada, and Rest of North America
Europe – United Kingdom, Germany, France, Russia, and Rest of Europe
Asia-Pacific – China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, and Rest of Asia-Pacific
Latin America – Brazil, Argentina, and Rest of Latin America
Middle East and Africa – Turkey, South Africa, and Rest of Middle East and Africa

Due to advancements in the automotive industry, manufacturers are making efforts to meet strict emission regulations and fuel efficiency standards by using highly durable chassis frames and robust automotive parts that are long-lasting, lightweight, and cost-effective. These factors are driving the market growth. The automotive segment of the market was valued at USD 46.37 billion in 2022 and is projected to reach USD 65.64 billion by 2028, with a CAGR of 6.25% during the forecast period (2023-2028). The demand for these products is expected to increase due to the need to reduce carbon emissions, government initiatives promoting lighter vehicles, and technological advancements in automotive die-casting machines. The global automotive industry has been focusing on creating new body-in-white designs that incorporate structural die-cast components to significantly reduce weight, driven by both ecological and economic requirements. Additionally, the production of die-cast structural components has increased due to the incorporation of additional functions, new aluminum alloy concepts, and evolving component design trends. Moreover, the growth of the market is supported by the increasing sales of both passenger cars and commercial vehicles.

The use of aluminum in various applications plays a significant role in reducing vehicle weight. As a result, the automotive sector’s share in the aluminum die-casting market is expected to increase rapidly during the forecast period. The aluminum segment of the market was valued at USD 60.20 billion in 2022 and is projected to reach USD 85.29 billion by 2028, with a CAGR of 6.32% during the forecast period (2023-2028). The demand for high-pressure aluminum die-casting parts has grown across multiple industries due to their ability to manufacture lightweight parts and provide flexibility in shaping complex designs. The increasing demand for lightweight vehicles and the utilization of aluminum in die-casting auto parts, driven by stringent environmental regulations worldwide, are expected to drive market demand. Furthermore, advancements in technology and investments in improving and optimizing the metal thermal treatment process are anticipated to address mold replacement and repair issues, leading to greater adoption of aluminum in the die-casting process by manufacturers. The growth of the aluminum die-casting market is expected to continue in order to meet the increasing demand for lightweight components and high-conductivity metal parts in both the automotive and non-automotive sectors.

Various factors, such as the increasing penetration of pressure die-casting parts in automotive components and industrial machinery, the growing construction sector, and the rising use of aluminum die-casting parts in the automotive, electrical, and electronics industries, are expected to drive the market. The demand for aluminum high-pressure die-casting parts has been increasing across various industrial applications due to their ability to produce lightweight parts and offer flexibility in shaping complex designs.

In recent years, advancements and innovations in automotive parts have been driven by new technologies. Among these, the use of lightweight materials for manufacturing auto components has gained significant attention. One of the key reasons for this popularity is the improved fuel economy achieved by using lightweight materials in crucial automotive parts. Moreover, the lightweighting of vehicles must be done without compromising on safety, quality, and performance, and aluminum die-cast parts provide durability and endless recyclability, making aluminum the preferred choice for manufacturers. Additionally, there has been an increase in acquisitions and partnerships among major players to further enhance market development. For example: In August 2022, Wencan Group Co., Ltd. announced plans to establish a production base for aluminum die-cast parts for New Energy Vehicles (NEVs) in Anhui Province, China. In October 2021, Sandhar Engineering Private Limited was established as a wholly-owned subsidiary company to manufacture and assemble various locking devices, electrical, electronics, mechanical, automobile, and industrial parts. In April 2021, Jaya Hind Industries extended its technical partnership with KS Huayu AlutechGmbH (KSATAG) for the manufacturing of automotive cylinder blocks and cylinder heads, expanding the agreement to cover new parts such as electric vehicle components and structural chassis parts from Sunrise Industries. In March 2021, Sandhar Technologies entered a non-binding Memorandum of Understanding with Unicast Autotech to acquire its aluminum die-casting business.

The growth of the aluminum die-casting market is expected to continue during the forecast period, driven by increasing demand for lightweight components and high-conductivity metal parts in both the automotive and non-automotive sectors.

Expanding economies such as China, India, and South Korea are driving regional market growth through increased spending in manufacturing and end-use industries. The expansion of the manufacturing sector and increased investments in various industries are expected to be the main drivers of the die-casting market in the Asia-Pacific region. The Asia-Pacific region is anticipated to hold the largest market share during the forecast period, supported by the growing automobile industry, industrial sector demand, and increased application in windmills and telecommunications. The availability of cheaper labor and lower manufacturing costs in India and China are expected to further accelerate market growth in the region. Additionally, the increased demand for electric and hybrid vehicles has led automakers to focus on using lightweight materials like aluminum as substitutes for heavier steel and iron in all types of vehicles. For example: In May 2022, Tamil Nadu Small Industries Development Corporation invested INR 5.8 Crore to establish a common facility center for aluminum high-pressure die-casting. The expanding automotive manufacturing industry in India is expected to drive the demand for lightweight materials in automotive applications. For example: In February 2021, MG Motors announced plans to invest INR 1,500 crore in expanding its production capacity at the Halol plant in Gujarat. The Indian government has proposed an increase in the use of aluminum per vehicle from 29 Kg to 160 Kg for electric vehicles during the forecast period.

Companies manufacturing electric vehicles are actively procuring pressure die-casting machines and adopting this technology to meet growing consumer demand.

To remain competitive in the market, several players are adopting growth strategies, such as expanding manufacturing capacity. For example: In July 2021, YIZUMI established the Die Casting Technical Service Center (TSC) in the United States and India, offering integrated solutions for die-casting cells, dies, die-casting processes, and product debugging. In February 2021, Endurance Technologies commenced commercial production at its new plant in Tamil Nadu, manufacturing aluminum die-castings and integrating disc brake components with control brake modulators for supply to Hyundai, Kia, and Royal Enfield.

Competitive Landscape

The Die Casting market is currently dominated by prominent players, including Neamk, Alcoa Corporation, Linamar Corporation, Dynacast, among others. These key players are strategically expanding their global footprint through a variety of initiatives such as mergers, partnerships, joint ventures, and acquisitions.

Alcoa Corporation is a vertically integrated company with expertise in bauxite mining, alumina refining, aluminum production, and energy generation. The company’s primary objective is to establish a low-cost, competitive, sustainable, and integrated aluminum production business. This goal is pursued through the implementation of high productivity measures, cost reduction strategies, and investments in cutting-edge technology.

Key companies profiled in this report include Form Technologies Inc. (Dynacast), Nemak, Endurance Technologies Limited, Sundaram Clayton Ltd, Shiloh Industries, Georg Fischer Limited, Koch Enterprises (Gibbs Die Casting Group), Bocar Group, Engtek Group, Rheinmetall AG (Rheinmetall Automotive, formerly KSPG AG), Rockman Industries, Ryobi Die Casting Ltd, Linamar Corporation, Meridian Lightweight Technologies UK Ltd, Sandhar Group, Alcoa Corporation.

Recent Industry Developments

Tuopu Group, in March 2022, announced the successful development of an integrated rear cabin using a massive 7,200-ton die-casting machine. The production of this advanced component took place at the Hangzhou Bay plant in Ningbo.

In March 2021, Sandhar Technologies signed a non-binding Memorandum of Understanding with Unicast Autotech to acquire their aluminum die-casting business.

During the Auto Shanghai 2021 show, Foryou Corporation showcased various die-casted aluminum engine components, new energy drive components, and smart key components.

Rheinmetall AG secured a contract worth over EUR 100 million in March 2021 to supply engine blocks to a German car manufacturer. Full-scale production is scheduled to commence in 2023, with the contract extending beyond 2030.

Key Questions Answered

What is the timeframe for analyzing the Die Casting Market?
The Die Casting Market is analyzed from 2018 to 2028.

What is the projected growth rate of the Die Casting Market?
The Die Casting Market is expected to grow at a compound annual growth rate (CAGR) of 6.24% over the next five years.

What is the estimated market size of the Die Casting Market?
The Die Casting Market is anticipated to reach USD 77.99 billion in 2023 and is projected to expand at a CAGR of 6.24% to reach USD 105.55 billion by 2028.

Which region exhibits the highest growth rate in the Die Casting Market?
The Asia-Pacific region demonstrates the highest growth rate from 2018 to 2028 in the Die Casting Market.

Which region holds the largest market share in the Die Casting Market?
As of 2021, the Asia-Pacific region has the largest market share in the Die Casting Market.

Who are the key players operating in the Die Casting Market?
Nemak, Linamar Corporation, Alcoa Corporation, Rheinmetall AG, and Form Technologies Inc. (Dynacast) are among the major companies operating in the Die Casting Market.

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Global Die Casting Market Size and Share Analysis 2023-2028

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Global Die Casting Market Size and Share Analysis 2023-2028

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