High-Pressure Die Casting Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 38.66 Billion |
| Market Size (2029) | USD 52.14 Billion |
| CAGR (2024 - 2029) | 6.16 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
High-Pressure Die Casting Market Analysis
The High-Pressure Die Casting Market size is estimated at USD 38.66 billion in 2024, and is expected to reach USD 52.14 billion by 2029, growing at a CAGR of 6.16% during the forecast period (2024-2029).
Increasing demand for lightweight yet durable automotive components, driven by a global shift toward electric vehicles and more stringent fuel efficiency standards, is driving the high-pressure die casting (HPDC) market. As automotive manufacturers aim to extend the range and reduce the emissions of their vehicles, HPDC is favored for its ability to produce complex shapes with high dimensional accuracy and excellent surface finish, making it ideal for creating components that are both lightweight and structurally robust.
This need is further amplified by the automotive industry's ongoing transition to electrification, which necessitates the development of components that can withstand the unique demands of electric powertrains, such as battery frames and motor housings. As a result, the HPDC market is experiencing substantial growth, with manufacturers investing in new technologies and expanding capacity to meet these evolving requirements.
The high-pressure die-casting industry is experiencing a key trend with increased investments in technology and capacity expansion, driven by the growing demand for lightweight and structurally efficient components, especially in electric vehicles. As the automotive industry shifts toward electrification, companies within the HPDC market are focusing on innovations that enhance the performance and weight efficiency of their components. This trend is reflective of a broader industry movement toward sustainability and increased fuel efficiency. For instance,
- In April 2024, Hyundai Motor announced an investment in hypercasting technology, which allows for the production of entire car bodies in a single process, significantly enhancing manufacturing efficiency and reducing material wastage.
- In April 2024, Honda announced developments in the Intelligent Power Unit (IPU) case, utilizing high-pressure die-casting machines as part of its EV hub in Ohio. This development showcased the integration of HPDC technology in manufacturing critical vehicle components that are lighter and structurally sound.
High-Pressure Die Casting Market Trends
Automotive Segment Expected to Gain Prominence During the Forecast Period
The automotive industry is the predominant segment within the high-pressure die casting (HPDC) market, primarily driven by the surge in aluminum usage and the escalating production of EVs. The shift toward lightweight materials is a critical driver in the automotive industry, primarily due to the need to meet stricter fuel economy and emissions standards.
- The aluminum content in vehicles, which currently averages about 450 pounds per vehicle, is projected to increase to 550 pounds per vehicle by 2030. This reflects a nearly 22% rise, underscoring the industry’s ongoing shift toward lighter and more fuel-efficient vehicles.
This trend is particularly pronounced in the production of electric vehicles, which are more aluminum-intensive than traditional combustion engine vehicles. The increased aluminum usage in vehicles aligns with the automotive industry's needs for HPDC as it allows for the efficient and sustainable production of complex, high-integrity parts. Furthermore, the surge in EV production further underscores the importance of HPDC in the automotive industry.
- According to the International Energy Agency (IEA), EV sales are projected to rise significantly from 14 million units in 2023 to nearly 45 million by 2030 and continue to rise to reach 65 million by 2035. This growth is mirrored in the sales share, which is expected to jump from 15% in 2023 to about 40% by 2030 and over 50% by 2035 in the Stated Policies Scenario.
This increase in EV production necessitates more HPDC parts, particularly because of the need for lightweight structural components that accommodate the additional weight of batteries without compromising vehicle performance.
Asia-Pacific Expected to Witness the Highest Growth During the Forecast Period
The Asia-Pacific region is expected to dominate the global high-pressure die-casting market, and it is also expected to witness the fastest growth rate during the forecast period. In the Asia-Pacific region, countries like China, India, and Japan are likely to play a key role in the market.
- For instance, China is one of the major producers of die-casting parts and accounts for the majority of the regional die-casting market’s share. The metal casting industry in China has more than 30,000 facilities, of which around 8,000 facilities produce non-ferrous castings. China produces over 55.0 million metric tons of castings.
The increasing popularity of fuel-efficient vehicles and the latest advancements in die-casting techniques are expected to further contribute to the market's development. Thus, due to such benefits, automakers in the region are entering long-term deals for uninterrupted supply of raw materials, expansion of plants, etc.
The growing focus of foundries on improving innovation to produce products that meet consumer preferences and international standards offers new opportunities for players in the market. Foundries are focusing on technical quality and brand orientation, which are considered major growth drivers for the Asia-Pacific high-pressure die-casting market. Such developments and instances are likely to contribute to the overall development of the market across Asia-Pacific countries.
High-Pressure Die Casting Industry Overview
The high-pressure die-casting market is highly fragmented, with the presence of many regional and international players worldwide. Competition in the market has increased, as many small- and medium-scale players from developing countries have entered and expanded their business in the market over recent years. Some of the recognized players in the market are Nemak, Georg Fischer Automotive, Ryobi Die Casting, Rheinmetall AG, Form Technologies Inc. (Dynacast), and Shiloh Industries. Some other notable players include Koch Enterprise, Linamar Corporation, and Bocar Group.
Major players in the HPDC market are actively engaging in technological advancements, operational efficiency improvements, and strategic expansions to enhance their product offerings and better position themselves in the evolving automotive market, especially with the shift toward electric vehicles. These strategic moves are aimed at capturing a larger share of the market by meeting the increasing demands for high-quality, precision components in both conventional and electric vehicles.
- For instance, in May 2024, Ryobi Die Casting announced a USD 50 million expansion of its plant in Mexico to increase production capacity in anticipation of future EV demands. This expansion included the addition of new large HPDC machines, underscoring Ryobi's strategic initiative to scale operations in line with market trends.
High-Pressure Die Casting Market Leaders
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GF Casting Solutions AG
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Shiloh Industries Inc.
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Ryobi Die Casting
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Nemak SAB De CV
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Rheinmetall AG
*Disclaimer: Major Players sorted in no particular order
High-Pressure Die Casting Market News
- June 2024: Abilities India Pistons and Rings was granted patents for a new HPDC process that reduced the weight of pistons by 10-15% for two- and three-wheelers. The company also plans to double its R&D team and allocate 3% of its revenue to further develop cutting-edge technologies, reflecting a commitment to innovation and technological leadership in the HPDC market.
- May 2024: GF Casting Solutions disclosed an investment of over USD 184 million in a new facility in Georgia, United States, focused on producing large structural components for the automotive industry. This investment is part of a strategy to enhance the company's global presence in the e-mobility market, demonstrating a proactive approach to capturing growth opportunities in emerging vehicle technologies.
High Pressure Die Casting Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Growing Use of Aluminum in Die Casting Equipment to Increase Market Demand
4.1.2 Growth in Consumer Electronics
4.1.3 Automotive Industry Demand Rising Because of Increasing EV Sales
4.2 Market Restraints
4.2.1 High Initial Costs
4.2.2 Fluctuations in Raw Material Prices
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value - USD Million)
5.1 Raw Material Type
5.1.1 Aluminum
5.1.2 Zinc
5.1.3 Magnesium
5.2 Application
5.2.1 Automotive
5.2.2 Electrical and Electronics
5.2.3 Industrial Applications
5.2.4 Other Applications
5.3 Production Process
5.3.1 Vacuum High-pressure Die Casting
5.3.2 Squeeze High-pressure Die Casting
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Georg Fischer AG
6.2.2 Shiloh Industries Ltd
6.2.3 Ryobi Die Casting Inc.
6.2.4 Nemak SAB De CV
6.2.5 Rheinmetall AG (Rheinmetall Automotive, formerly KSPG AG)
6.2.6 Sundaram - Clayton Ltd
6.2.7 Koch Enterprises Inc. (Gibbs Die Casting Group)
6.2.8 Engtek Group
6.2.9 Officine Meccaniche Rezzatesi SpA
6.2.10 Endurance Group
6.2.11 Rockman Industries
6.2.12 Dynacast (Form Technologies Inc.)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
High-Pressure Die Casting Industry Segmentation
High-pressure die casting (HPDC) is a manufacturing process wherein molten metal is injected at high speed and pressure into a steel mold or die to form products. This method is favored for mass-producing complex metal parts with high precision, excellent surface finish, and enhanced mechanical properties.
The high-pressure die-casting market is segmented by raw material type, production process, application, and geography. Based on raw materials, the market is segmented into aluminum, zinc, and magnesium. Based on application, the market is segmented into automotive, electrical and electronics, industrial applications, and other applications. Based on the production process, the market is bifurcated into vacuum high-pressure die casting and squeeze high-pressure die casting. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
The report offers market sizes and forecasts for the high-pressure die-casting market in value (USD) for all the above segments.
| Raw Material Type | |
| Aluminum | |
| Zinc | |
| Magnesium |
| Application | |
| Automotive | |
| Electrical and Electronics | |
| Industrial Applications | |
| Other Applications |
| Production Process | |
| Vacuum High-pressure Die Casting | |
| Squeeze High-pressure Die Casting |
| Geography | |||||||
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High Pressure Die Casting Market Research FAQs
How big is the High-Pressure Die Casting Market?
The High-Pressure Die Casting Market size is expected to reach USD 38.66 billion in 2024 and grow at a CAGR of 6.16% to reach USD 52.14 billion by 2029.
What is the current High-Pressure Die Casting Market size?
In 2024, the High-Pressure Die Casting Market size is expected to reach USD 38.66 billion.
Who are the key players in High-Pressure Die Casting Market?
GF Casting Solutions AG, Shiloh Industries Inc., Ryobi Die Casting, Nemak SAB De CV and Rheinmetall AG are the major companies operating in the High-Pressure Die Casting Market.
Which is the fastest growing region in High-Pressure Die Casting Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High-Pressure Die Casting Market?
In 2024, the Asia-Pacific accounts for the largest market share in High-Pressure Die Casting Market.
What years does this High-Pressure Die Casting Market cover, and what was the market size in 2023?
In 2023, the High-Pressure Die Casting Market size was estimated at USD 36.28 billion. The report covers the High-Pressure Die Casting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High-Pressure Die Casting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High Pressure Die Casting Industry Report
The High-Pressure Die Casting Market Report offers a comprehensive industry overview segmented by raw material type, application, production process, and geography. This industry report provides valuable insights into market trends, including market size and market share across different segments. The report also includes an industry analysis that highlights the market growth and market forecast, giving an in-depth look at the market outlook for the future.
The report includes detailed industry information and industry statistics, offering a thorough market review and market segmentation. The market analysis covers various applications such as automotive, electrical and electronics, and industrial applications, providing a detailed market overview. The industry research and industry reports offer an extensive look into the market value and market data, ensuring that all aspects of the market are covered.
In addition to the market segmentation, the report also includes an industry outlook that provides market predictions and insights into market leaders. The market report is available as a report PDF, making it easy to access and review the industry trends and market growth. The report example provided in the form of a sample PDF download offers a glimpse into the comprehensive research conducted by the research companies.
Overall, this High-Pressure Die Casting Market Report is an essential resource for understanding the market dynamics, market forecast, and market value. The report's detailed analysis and industry statistics make it a valuable tool for anyone looking to gain a deeper understanding of the high-pressure die casting industry.
High Pressure Die Casting Market Report Snapshots
