Global Die Casting Strategic Business Report 2023: Increasing Replacement of Wrought Iron and Steel with Aluminum Castings in Military and Defense Applications Presents Opportunities


Dublin, April 26, 2023 (GLOBE NEWSWIRE) -- The "Die Casting: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Die Casting estimated at US$76 Billion in the year 2022, is projected to reach a revised size of US$133.4 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030.

Automotive, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$61 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Industrial Machinery segment is readjusted to a revised 7.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $11.7 Billion, While China is Forecast to Grow at 8.6% CAGR

The Die Casting market in the U.S. is estimated at US$11.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$57.7 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.7% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21.7 Billion by the year 2030.

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.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages406
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$76 Billion
Forecasted Market Value (USD) by 2030$133.4 Billion
Compound Annual Growth Rate7.3%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • An Introduction to Die Casting
  • Die Casting Market: Critical for Production of Manufactured Parts and Finished Goods
  • Die Casting Volume Market Analysis
  • Die Casting Global Market Estimates and Forecasts in Thousand Metric Tons by Region/Country: 2018-2025
  • Die Casting Global Retrospective Market Scenario in Thousand Metric Tons by Region/Country: 2009-2017
  • Developing Economies Continue to Spearhead Market Growth
  • An Insight into Global Castings Production
  • World Casting Market: Percentage Breakdown of Production Volume by Material for 2019E
  • Leading Metal Casting Producing Countries Worldwide: Percentage Breakdown of Production Volume by Country for 2019E
  • Global Castings Market (2018): Average Production per Plant in Thousand Metric Ton by Select Leading Countries
  • Ferrous Metal Castings Continue to Dominate, While Nonferrous Metal Castings Gradually Gaining Ground
  • Global Economic Environment and Manufacturing Sector Trends Influence Die Casting Market Dynamics
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
  • Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2015 through 2019
  • Die Casting - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Die Cast Automotive Parts Receive a Boost Against the Backdrop of the Engineering Focus Shed on Lightweighting
  • Massive Engineering Interest in Lightweighting Catalyzes Application of Aluminum Die Cast in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016 & 2019
  • Rising EV Sales: Another Emerging Growth Catalyst in the Automotive End-Use Sector
  • With Myriad Factors Boosting the Outlook for EVs, Die-Casting Foundries Will Witness the Emergence of New Demand Opportunities: Number of EVs On Road Worldwide by Type (In Units) for the Years 2016, 2018, and 2022
  • Competition between Steel and Aluminum Castings Heats Up in the Auto Industry
  • Heavy Transportation Segments Add to the Demand
  • Global Aircraft Fleet by Aircraft Type for the Years 2018 and 2038
  • Heavy Industrial Equipment/Machinery Manufacturing Industry Promises Bright Prospects
  • Opportunity Indicators
  • Global Construction Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Global Mining Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Sustained Demand for Consumer Appliances Worldwide: A Strong Growth Driver
  • Global Household Appliances Market: Sales in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Increasing Replacement of Wrought Iron and Steel with Aluminum Castings in Military and Defense Applications: An Opportunity for Growth
  • Increased Defense Spending Bodes Well for Die Casting Market: Military Expenditure Worldwide in US$ Billion for the Years 2001 through 2018
  • Projected Defense Budget in US$ Billion for the Years 2019, 2021 and 2023
  • Leading Countries Ranked by Defense Budgets in US$ Billion for 2018
  • Rising Significance of Castings in Energy Production Chain Spurs Demand from Power Industry
  • Global Wind Energy: Breakdown of Cumulative Installed Capacity in GW by Region for the Years 2018 and 2022
  • Mechanization of Agriculture Adds to the Demand
  • Production of Plumbing Pipes & Fittings: A Lucrative Market Opportunity for Castings
  • Global Market for Plumbing Fittings and Fixtures: Breakdown of Sales in US$ Billion by Region for Years 2018 and 2022
  • Porosity-Free, High-Strength and Superior Finish Aluminum Castings: A Key Requirement in Medical Devices
  • Telecommunications Equipment: A High Potential End-use Application
  • Die Casting: The Most Widely Used Process to Transform Aluminum into Products
  • High Pressure Die Casting Market Rides on the Lightweight Trend in Automotive Industry
  • Global High Pressure Die Casting Market: Percentage Breakdown of Revenues by Applications for 2019 and 2025
  • Magnesium Emerges as a Promising Alternative to Aluminum Die Cast
  • Comparative Analysis of Design Parameters
  • Automation Ensures Improved Productivity for Die Casting Industry
  • Growing Automation in Aluminum Die Casting Fosters Improved Productivity
  • Technological Advancements and Innovations Spur Market Growth
  • Simulation-based Castings Continues to Gain Traction

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/d2htes

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Global Market for Die Casting

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