Global Die Casting Industry

Global Die Casting Industry

  • April 2021 •
  • 406 pages •
  • Report ID: 5818881 •
  • Format: PDF
Abstract:
- The global Die Casting market is projected to reach US$94.1 billion by 2025, driven by the growing demand for lightweight yet high performance components in industries ranging from electronics, lighting, automotive, aircraft, telecommunications, medical equipment, and hydraulics, among others. Die Casting, over the decades, has emerged into a widespread and extremely popular metal forming and processing process for producing metal parts. Defined as a process wherein molten metal is poured into a die-casting mold using high pressure, die-casting offers numerous advantages such as enabling high-speed production; ability to produce complex geometric shapes with precision; eliminates the need for machining; reduces material wastages; high degree of dimensional accuracy and stability; die-cast parts are heat resistant and have higher mechanical strength than plastic injection moldings; enables smooth or textured metal finishing; ability to be easily electroplated with little or no surface preparation; simplifies the assembly line process as fastening elements can be cast into the mold; the process offers consistent quality and is repeatable; and longer durability and lifespan of components. The scenario is creating opportunities for new uses and applications of die-cast parts and components.
- The automotive industry stands out as a major end-user of die-cast parts given the massive engineering focus shed on lightweighting. The most important advantage of die cast parts is that they have thinner walls, are stronger and lightweight. Since die cast parts are molded into a single piece they have no welded joints or fasteners and thereby are significantly lighter in weight. This special feature is of immense value in the automotive industry where vehicle lightweighting is the prevailing engineering theme. Volume of aluminum die cast parts in an average automobile is increasing. Traditional cast iron engine blocks are increasingly being replaced by aluminum die-cast blocks. Material developments surrounding aluminum alloy today offers high strength in addition to weighing over 60% less than cast iron engine block. Continued R&D and advancements being made in aluminum alloy metallurgy such as Al-Si-Cu-Mg-Fe alloy will help expand its use to engineered components in the axle products and structural components.
- The rise of Industry 4.0 is spilling over into the die-casting market as Foundry 4.0 begins to emerge to change the competiveness of the metal processing industry. Metal foundries are increasingly investing in automating the die-casting process to reduce defects and meet cost and quality standards of end-use applications in the era of smart electronics; smart homes; smart cars; and smart medical devices. Foundry 4.0 involves the use of big data and IoT to monitor proper functioning of machines and prevent defects in production. Die-casting is typically, a high-stakes industry where defects in die-cast components can result in liability issues, profit and customer losses and irreversible damage to the brand. The scenario highlights the transformation of the die-casting industry as it prepares for the slew of opportunities expected to come its way. China ranks as the largest and fastest growing market with a 37.6% share and a 9.1% CAGR over the analysis period supported by the growing domestic automobile and consumer electronics industries coupled with the rapid expansion of mechanical and plant engineering sectors.

- 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.