Kings Research today announced the release of its latest market intelligence study, “Global Die Casting Market: Size, Share, Trends & Forecast 2024–2031.” The report delivers a comprehensive analysis of the die casting industry, covering market size, growth dynamics, key drivers, technological advancements, and competitive landscape shaping global manufacturing trends.
According to Kings Research, the global Die Casting Market was valued at USD 84.90 billion in 2023 and is expected to reach USD 139.95 billion by 2031, growing at a CAGR of 6.54% during 2024-2031. This growth is driven by increasing use of lightweight materials in automotive, rising demand for high-precision components, and growing industrial automation across aerospace, electronics, and energy sectors.
Die casting is a precision metal casting process where molten metal is forced into reusable steel molds under high pressure. It enables mass production of complex metal parts with high dimensional accuracy, smooth surface finish, and high strength-to-weight ratio. The process is used for manufacturing components in vehicles, machinery, and consumer products. As industries move towards lightweight and energy efficiency, die casting, especially with aluminum and magnesium, has become the preferred method as it reduces material waste and supports sustainable production.
Kings Research identifies the following key trends shaping the die casting market:
1. Automotive Lightweighting Revolution
The global automotive industry’s growing focus on fuel efficiency and emission reduction is significantly boosting demand for aluminum die casting. Lightweight aluminum parts are increasingly replacing traditional steel components in vehicle frames, transmissions, and structural systems. According to the U.S. Department of Energy, a 10% reduction in vehicle weight can improve fuel economy by 6–8% (Source: https://www.energy.gov/). The National Academies’ recent assessment projects that aluminum’s share in body‑in‑white and closures will rise from approximately 10–13% today to 20–22% by 2035 (Source: https://nap.nationalacademies.org/).
2. Technological Advancements in Casting Processes
High pressure die casting (HPDC) and vacuum die casting are now capable of producing complex thin-walled parts with minimal porosity. CAD and process simulation tools have improved casting accuracy and reduced defects. This allows die casting to meet the increasing demands in automotive, aerospace, and industrial applications.
3. Industrial Automation and Digitalization
Manufacturers are investing in automated die casting cells with robotics and real-time monitoring to increase productivity, consistency, and safety. Smart casting solutions with IoT and data analytics are helping companies reduce downtime and energy consumption. This is in line with the broader trend of industrialization, predictive maintenance, and data-driven production optimization.
4. Sustainability and Recyclability
Aluminum and magnesium, two key die casting materials, are highly recyclable, supporting the shift toward circular manufacturing practices. The OECD reports that the end-of-life recycling rate for aluminum and most base metals ranges between 50–70% (Source: https://www.oecd.org/).
For automotive OEMs, industrial manufacturers, and aerospace component suppliers, the die casting market presents strategic advantages:
- Precision and Consistency: Enables mass production of complex components with uniform quality and dimensional stability.
- Cost Efficiency: Reduces material waste and machining requirements, resulting in lower production costs.
- Lightweight Strength: Provides structural integrity while reducing component weight, critical for EVs and aircraft.
- Energy Efficiency: Advanced die casting technologies minimize energy use and enhance production speed.
- Sustainability: Supports circular economy goals through the recyclability of metals and reduced material waste.
Regional Outlook
- Asia-Pacific: Asia-Pacific remains the dominant region, accounting for the largest share of global die casting production. China, India, and Japan are leading with robust automotive and industrial manufacturing ecosystems. Favorable government policies supporting electric mobility and infrastructure development have amplified regional demand.
- Europe: Europe continues to exhibit strong growth, supported by its well-developed automotive and aerospace sectors. Germany, Italy, and France are key contributors, driven by the increasing use of aluminum die casting for lightweight automotive designs and advanced industrial applications.
Competitive Landscape
The die casting market is moderately consolidated, with key players focusing on capacity expansion, technological innovation, and strategic partnerships to strengthen their competitive positioning. Leading companies include Linamar Corporation, Sandhar, Alcoa Corporation, Koch Enterprises, Inc., Rheinmetall AG, Dynacast, Foryou Corporation, Endurance Technologies Limited, Aludyne, and Oskar Frech GmbH + Co. KG. These companies are investing in smart manufacturing solutions and expanding their production facilities to cater to rising global demand.
The full Kings Research report provides detailed segmentation of the die casting market by raw material, process, end-use, and geography, alongside comprehensive competitive benchmarking and technological insights. To request a sample, access the complete report, or explore custom consulting services, please visit https://www.kingsresearch.com/die-casting-market-479.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, helping organizations navigate emerging markets, evaluate strategic opportunities, and make informed business decisions based on credible data and expert insights.
All market data are sourced from Kings Research proprietary analysis, validated against credible government publications and peer-reviewed research papers. Examples cited include U.S. Department of Energy, OECD, and National Academy of Sciences.