Asia Pacific Automotive Parts Die Casting Market Size (2024 - 2029)

The Asia-Pacific automotive parts die casting market is poised for growth, driven by the region's robust automotive industry, with key players in China, South Korea, Japan, and India. The die casting process is favored for its efficiency and ability to produce lightweight components, which are essential for meeting emissions regulations. Despite the high initial investment in metal dies and limitations regarding the types of metals and parts that can be produced, the advantages of die casting, such as high-speed production and precision, make it a strategic choice for automotive manufacturers. As OEMs continue to innovate and refine the technology, the market size is expected to expand during the forecast period.

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Market Size of Asia Pacific Automotive Parts Die Casting Industry

Asia Pacific Automotive Parts Die Casting Market_Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration Medium

Major Players

Asia Pacific Automotive Parts Die Casting Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Automotive Parts Die Casting Market Analysis

The Asia-Pacific automotive parts die casting market is expected to register a CAGR of over 6% during the forecasted period (2020 - 2025)

  • The Asia-Pacific automotive industry is one of the largest with China, South Korea, Japan, and India leading the production industry. Die casting is an effective and economical process which could be moulded into various forms. High-speed production, high dimension accuracy and stability, strength, and simple assembly is the reason for wide use of die casting materials in automotive industry. Most of the applications in automotive industry are fulfilled by this die casting process.
  • To meet the emissions regulations and policies OEMs are trying to reduce weight of automobiles by employing lightweight non-ferrous metals. Die casting process has been adapted as the main strategy. Die casting process has many advantages compared to traditional methods. High speed production, accuracy, stability, strength to weight ratio, better finish, and simple assembly.
  • The high cost associated with metal dies means large capitals are required and this process is profitable only to high-volume production. This process is limited to metals with high-fluidity, and casting weight must be between 30 grams and 10 kilograms. This process might result in porosity. This prevented usage of any heat treatment or welding process on the surface. Also, this process is only for parts in which softness is required, parts with hardening and tempering cannot be made with this process. OEMs are working on improving the technology and this market is expected to grow during the forecasted period.

APAC Automotive Parts Die Casting Industry Segmentation

The Asia-Pacific automotive parts die casting market report contains the latest trends and technological developments in the market and demand by metal type, production process type, application type, Countries, and share of major players across the region.

By Production Process Type
Pressure Die Casting
Vacuum Die Casting
Squeeze Die Casting
Semi-Solid Die Casting
By Raw Material
Aluminum
Zinc
Magnesium
Others
By Application Type
Body Assembly
Engine Parts
Transmission Parts
Others
By Countries
China
India
Japan
South Korea
Rest of Asia-Pacific
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Asia Pacific Automotive Parts Die Casting Market Size Summary

The Asia-Pacific automotive parts die casting market is poised for significant growth, driven by the region's robust automotive industry, with China, South Korea, Japan, and India at the forefront. Die casting is favored in this sector due to its efficiency and cost-effectiveness, offering high-speed production, precision, and strength, which are crucial for meeting the automotive industry's demands. As original equipment manufacturers (OEMs) strive to comply with stringent emissions regulations, the adoption of lightweight non-ferrous metals through die casting has become a strategic focus. This shift is further supported by the increasing use of aluminum, which is gaining traction due to its recyclability and favorable properties, making it a preferred choice over traditional materials like steel.

Technological advancements and the rise in car exports are expected to bolster the demand for aluminum die casting materials, as manufacturers aim to reduce vehicle weight to adhere to global emission standards. The market is characterized by a few key players, including Dynacast and Endurance Technologies, who are actively expanding their global footprint. Despite challenges such as high capital costs and limitations in casting weight and fluidity, ongoing improvements in die casting technology, such as intelligent temperature control, are enhancing process quality and stability. The market's growth is also supported by China's and India's leading roles in aluminum production, positioning them as key suppliers to meet the increasing global demand for die casting parts.

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Asia Pacific Automotive Parts Die Casting Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Production Process Type

      1. 2.1.1 Pressure Die Casting

      2. 2.1.2 Vacuum Die Casting

      3. 2.1.3 Squeeze Die Casting

      4. 2.1.4 Semi-Solid Die Casting

    2. 2.2 By Raw Material

      1. 2.2.1 Aluminum

      2. 2.2.2 Zinc

      3. 2.2.3 Magnesium

      4. 2.2.4 Others

    3. 2.3 By Application Type

      1. 2.3.1 Body Assembly

      2. 2.3.2 Engine Parts

      3. 2.3.3 Transmission Parts

      4. 2.3.4 Others

    4. 2.4 By Countries

      1. 2.4.1 China

      2. 2.4.2 India

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Rest of Asia-Pacific

Asia Pacific Automotive Parts Die Casting Market Size FAQs

The Asia Pacific Automotive Parts Die Casting Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Endurance Technologies Ltd., Dynacast Inc., Sandar Technologies, Sunbeam Auto Pvt. Ltd. and SYX Die Casting are the major companies operating in the Asia Pacific Automotive Parts Die Casting Market.

Asia Pacific Automotive Parts Die Casting Report Snapshots

Asia Pacific Automotive Parts Die Casting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)