Market Size of China Automotive Parts Aluminum Die Casting Industry
Study Period | 2019-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 10.41 Billion |
Market Size (2029) | USD 15.49 Billion |
CAGR (2024 - 2029) | 8.26 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
China Automotive Parts Aluminum Die Casting Market Analysis
The China Automotive Parts Aluminum Die Casting Market size is estimated at USD 10.41 billion in 2024, and is expected to reach USD 15.49 billion by 2029, growing at a CAGR of 8.26% during the forecast period (2024-2029).
Over the long term, increasing investments in research and development by major industry players, a rise in sales of electric and hybrid vehicles, and the rising demand for commercial vehicles have been creating demand in the Chinese automotive and transportation industry with a surge in sales of automotive parts with aluminum die-casting.
China is one of the largest markets for automobiles in the world and is expected to grow more in the future. An increase in the production of passenger cars and commercial vehicles is expected to drive the market for automotive parts developed through aluminum die casting. Pollution is becoming a serious concern, and governing bodies are focused on curbing the pollution caused by vehicles. At the same time, automobile manufacturers are opting for lightweight components to reduce fuel consumption and curb the emission of harmful pollutants into the atmosphere.
The government is pushing automobile manufacturers and encouraging customers to adopt electric vehicles by providing subsidies as the country is planning to completely ban diesel and petrol vehicles. An increase in the production of electric vehicles, such as passenger cars and commercial vehicles, is expected to boost the sales of automotive parts developed through aluminum die casting.
China Automotive Parts Aluminum Die Casting Industry Segmentation
Aluminum die casting is a process of manufacturing defined, smooth, and textured-surfaced aluminum parts by forcing molten metals into a mold form due to high-pressure systems. China's automotive parts aluminum die casting market is segmented by production process type and application type. By production process type, the market is segmented into pressure die casting, vacuum die casting, squeeze die casting, and semi-solid die casting, and by application type, the market is segmented into engine parts, transmission components, body parts, and other application types. The report offers the market size in value (USD) and forecasts for all the above segments.
By Production Process Type | |
Pressure Die Casting | |
Vacuum Die Casting | |
Squeeze Die Casting | |
Semi-solid Die Casting |
By Application Type | |
Engine Parts | |
Transmission Components | |
Body Parts | |
Other Application Types |
China Automotive Parts Aluminum Die Casting Market Size Summary
The China Automotive Parts Aluminum Die Casting Market is poised for significant growth, driven by increasing investments in research and development, a surge in electric and hybrid vehicle sales, and a rising demand for commercial vehicles. As one of the largest automotive markets globally, China's focus on reducing vehicle emissions and fuel consumption has led to a shift towards lightweight materials, such as aluminum, in automotive manufacturing. This trend is further supported by government initiatives encouraging the adoption of electric vehicles through subsidies and plans to phase out diesel and petrol vehicles. The use of aluminum die casting is becoming increasingly prevalent due to its ability to produce lightweight yet strong components, which are essential for enhancing fuel efficiency and vehicle performance.
The market is characterized by a fragmented landscape with numerous players, including major companies like Nemak, RYOBI Die Casting, Linamar Corporation, and ALCOA Inc., who have secured long-term contracts with automotive OEMs. These companies are actively expanding their operations through strategic partnerships, joint ventures, and investments in new technologies to strengthen their market positions. The demand for aluminum die casting is expected to rise, particularly in the production of electric vehicles, where the material's lightweight properties contribute to improved range and handling. As the market continues to evolve, the adoption of advanced die casting technologies and the expansion of manufacturing capabilities are anticipated to drive further growth in the Chinese automotive parts aluminum die casting sector.
China Automotive Parts Aluminum Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increase in the Use of Lightweight Material in the Automotive Industry to Drives the Market
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1.2 Market Restraints
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1.2.1 Rising Aluminum Prices Hindering the Market Growth -
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in (USD))
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2.1 By Production Process Type
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2.1.1 Pressure Die Casting
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2.1.2 Vacuum Die Casting
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2.1.3 Squeeze Die Casting
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2.1.4 Semi-solid Die Casting
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2.2 By Application Type
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2.2.1 Engine Parts
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2.2.2 Transmission Components
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2.2.3 Body Parts
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2.2.4 Other Application Types
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China Automotive Parts Aluminum Die Casting Market Size FAQs
How big is the China Automotive Parts Aluminum Die Casting Market?
The China Automotive Parts Aluminum Die Casting Market size is expected to reach USD 10.41 billion in 2024 and grow at a CAGR of 8.26% to reach USD 15.49 billion by 2029.
What is the current China Automotive Parts Aluminum Die Casting Market size?
In 2024, the China Automotive Parts Aluminum Die Casting Market size is expected to reach USD 10.41 billion.