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Aluminum Parts Gravity Die Casting Market Size (2024 - 2029)

The Aluminum Parts Gravity Die Casting Market is projected to experience growth over the forecast period, driven by various factors including supply chain complexities, the expanding automotive sector, and the increasing use of die-casting parts in industrial machinery and construction. The market's expansion is further supported by the demand for lightweight metals in the automotive industry, as manufacturers seek to comply with emissions and fuel efficiency standards. Gravity die casting, known for its high production speed and ability to produce precise metal parts, continues to be a preferred method in this market.

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Market Size of Aluminum Parts Gravity Die Casting Industry

Aluminum Parts Gravity Die Casting Market Size
Study Period 2019 - 2029
Market Size (2024) USD 6.75 Billion
Market Size (2029) USD 8.54 Billion
CAGR (2024 - 2029) 4.82 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Aluminum Parts Gravity Die Casting Market Analysis

The Aluminum Parts Gravity Die Casting Market size is estimated at USD 6.75 billion in 2024, and is expected to reach USD 8.54 billion by 2029, growing at a CAGR of 4.82% during the forecast period (2024-2029).

During the COVID-19 outbreak in 2020, the entire supply chain of the automotive industry was significantly impacted. The OEMs struggled to keep their operations going. However, as the lockdowns and restrictions were relaxed, the automotive industry and the aluminum parts gravity die-casting market regained their momentum.

The market is largely driven by supply chain complexities in the die-casting industry, the expanding automotive market, increasing penetration of die-casting parts in industrial machinery, the growing constructional sector, and employing aluminum castings in the electrical and electronics sector.

Gravity die casting is one of the oldest methods of die casting. This die-casting process is used for producing accurately dimensioned, sharply defined, and smooth or textured-surface metal parts. The main advantage of gravity die casting is its high speed of production.

The CAFÉ standards and EPA policies to cut down automobile emissions and increase fuel efficiency are driving the automakers to reduce the weight of automobiles by employing lightweight metals. Subsequently, employing die-cast parts as a weight reduction strategy is acting as a major driver for the former market in the automotive segment.

Aluminum Parts Gravity Die Casting Industry Segmentation

Gravity die casting is a permanent mold casting process where the molten metal is poured from a vessel or ladle into the mold. The mold cavity fills with no force other than gravity, and the filling can be controlled by tilting the die. The aluminum parts gravity die casting market report covers a detailed study of the latest trends and innovations in the market, which is segmented by application type and vehicle type.

By application type, the market is segmented into automotive (parts and components (transmission parts, engine parts, brake parts, and other parts and components), vehicle type (passenger cars, commercial vehicles (trucks and buses), and other vehicles)), electrical and electronics, industrial applications, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, market sizing and forecast have been done on the basis of value (USD Billion).

Application
Automotive
Parts and Components
Transmission Parts
Engine Parts
Brake Parts
Other Parts and Components
Vehicle Type
Passenger Cars
Commercial Vehicles
Other Vehicles
Electrical and Electronics
Industrial Applications
Other Applications
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Turkey
Rest of Middle-East and Africa
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Aluminum Parts Gravity Die Casting Market Size Summary

The aluminum parts gravity die casting market is poised for significant growth, driven by its integral role in the automotive, industrial machinery, construction, and electronics sectors. This market is characterized by its ability to produce precisely dimensioned and smoothly finished metal parts at high speeds, making it a preferred choice for manufacturers seeking efficiency and quality. The automotive industry's shift towards lightweight materials, spurred by regulatory frameworks like CAFÉ standards and Euro 6, is a major catalyst for the market's expansion. These regulations encourage the use of aluminum die-cast parts to reduce vehicle weight, thereby improving fuel efficiency and lowering emissions. The market's recovery post-COVID-19 highlights its resilience, with the Asia-Pacific region, particularly China and India, playing a pivotal role due to their robust manufacturing capabilities and strategic government initiatives.

The market landscape is fragmented, with numerous regional and international players contributing to its dynamism. Key companies are actively engaging in mergers, expansions, and partnerships to enhance their global footprint and invest in research and development to innovate production processes and alloys. This focus on innovation is crucial for meeting the growing demand for high-quality die-cast parts in the automotive and industrial sectors. The Asia-Pacific region, with its rapid recovery from the pandemic and increasing demand for aluminum products, is expected to be a significant contributor to market growth. The region's strong manufacturing base, coupled with initiatives like 'Make in India,' further supports the market's expansion, as companies leverage low-cost manufacturing and strategic exports to meet global demands.

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Aluminum Parts Gravity Die Casting Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Emphasis on Lightweight Materials in Automobile and Aerospace sector

    2. 1.2 Market Restraints

      1. 1.2.1 Limited Design Flexibility

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value USD Billion)

    1. 2.1 Application

      1. 2.1.1 Automotive

        1. 2.1.1.1 Parts and Components

          1. 2.1.1.1.1 Transmission Parts

          2. 2.1.1.1.2 Engine Parts

          3. 2.1.1.1.3 Brake Parts

          4. 2.1.1.1.4 Other Parts and Components

        2. 2.1.1.2 Vehicle Type

          1. 2.1.1.2.1 Passenger Cars

          2. 2.1.1.2.2 Commercial Vehicles

          3. 2.1.1.2.3 Other Vehicles

      2. 2.1.2 Electrical and Electronics

      3. 2.1.3 Industrial Applications

      4. 2.1.4 Other Applications

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

        3. 2.2.1.3 Rest of North America

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Italy

        5. 2.2.2.5 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 Japan

        3. 2.2.3.3 India

        4. 2.2.3.4 South Korea

        5. 2.2.3.5 Rest of Asia-Pacific

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 South Africa

        2. 2.2.5.2 Turkey

        3. 2.2.5.3 Rest of Middle-East and Africa

Aluminum Parts Gravity Die Casting Market Size FAQs

The Aluminum Parts Gravity Die Casting Market size is expected to reach USD 6.75 billion in 2024 and grow at a CAGR of 4.82% to reach USD 8.54 billion by 2029.

In 2024, the Aluminum Parts Gravity Die Casting Market size is expected to reach USD 6.75 billion.

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Aluminum Parts Gravity Die Casting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)