Automotive Metal Die Casting Market Trends

  • Report ID: 4120
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Automotive Metal Die Casting Market Trends

Growth Drivers

  • Convenient Recycling of the Die Casting Components
  • Growing Demand for Lightweight Parts for the Vehicles
  • Rising Adoption of Fuel-Efficient Vehicles
  • Increasing Awareness of Carbon Footprints Prevention

Challenges

  • Requirement for Higher Initial Investment

Automotive Metal Die Casting Market: Key Insights

Electricity Consumption Sector Graph

In 2019, the world’s total energy supply was 606EJ, wherein the highest share in terms of the source was captured by oil, accounting for 30.9%, followed by coal (26.8%), natural gas (23.2%), biofuels and waste (9.4%), nuclear (5.0%), hydro (2.5%), and other (2.2%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to a decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 1% due to the outbreak of Coronavirus resulting in government-imposed shutdowns in order to limit the spread of the virus, which was further followed by the shutdown of numerous business operations impacting their growth. This also resulted in the decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas, and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environmental degradation and awareness related to climate change are motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Base Year

2024

Forecast Year

2025-2037

CAGR

7.5%

Base Year Market Size (2024)

USD 46.35 billion

Forecast Year Market Size (2037)

USD 118.68 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 4120
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive metal die casting is evaluated at USD 49.3 billion.

Automotive Metal Die Casting Market size was valued at USD 46.35 billion in 2024 and is set to exceed USD 118.68 billion by 2037, registering over 7.5% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is estimated to hold largest revenue share by 2037, propelled by higher demand for die casting components and growing automotive industry in the region.

The major players in the market are Alpha Metals LLC, Sundaram Clayton Limited, Form Technology Inc., Ryobi Limited, Koch Enterprises, Inc., Linamar Corporation, Sandhar Technologies Limited, Endurance Technology Ltd., and Georg Fischer Ltd.
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