Gravity Die Casting Market Size (2024 - 2029)

Gravity Die Casting Market Analysis

The Gravity Die Casting Market size is estimated at USD 25.43 billion in 2024, and is expected to reach USD 30.72 billion by 2029, growing at a CAGR of 3.79% during the forecast period (2024-2029).

Gravity-die casting is one of the oldest methods of die casting. This die-casting process is used to create accurately dimensioned, finely defined, smooth, or textured surface metal parts. The fundamental benefit of gravity die casting is its fast-manufacturing speed. The reusable die tooling enables the production of hundreds of castings per day. High-definition parts reduce machining costs, while higher surface finish saves finishing expenses.

Due to its high thermal conductivity, the electrical and electronics industry is likely to see an increase in demand for aluminum die-casting parts during the forecast period. Die-casting machinery is in high demand as a result of the automotive industry's growing preference for lightweight metals and rising automobile sales.​

Over the long term, the market is anticipated to benefit from the development of renewable power generation and the rapid expansion of the consumer electronics, computers, and communication industries. ​

With the development of new technologies, automotive parts have seen advancement and innovation in recent years. Among them, auto component manufacturing using lightweight materials has received national attention.​ In addition, automakers are using lightweight non-ferrous metals to reduce the weight of vehicles as a result of CAFE standards and EPA policies to reduce automobile emissions and improve fuel economy. As a result, the former automotive market is witnessing a significant boost from the use of die-cast parts to reduce weight.​

Gravity Die Casting Industry Segmentation

Gravity die casting is a method of producing high-quality, precise components out of nonferrous metals such as aluminum, zinc, and copper-based alloys. Pouring molten metal into a reusable metal die or mold, commonly made of steel or cast iron, is the procedure.

The global gravity die-casting market has been segmented by Application, Raw Material, and Geography. By Application, the market is segmented by, Automotive, Electrical and Electronics, Industrial Applications, and Other Applications. By Raw Material, the market is segmented by, Aluminum and Zinc. By Geography, the market is segmented by, North America, Europe, Asia-Pacific, South America and Middle-East and Africa. The report offers market size and forecasts for the market studied in value (USD) for all the above segments.