What is Global High-Pressure Die Casting(HPDC) Market?
The Global High-Pressure Die Casting (HPDC) Market is a vast and dynamic sector that plays a crucial role in the manufacturing industry. It involves the process of injecting molten metal into a high-grade steel mold under high pressure. This method is widely used for mass production of components, especially for automotive and industrial applications. The HPDC market is a significant contributor to the global economy, with its value standing at a whopping US$ 13750 million in 2022. The market is projected to grow at a steady pace, reaching an estimated value of US$ 20770 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period from 2023 to 2029.
Aluminum, Magnesium, Zinc in the Global High-Pressure Die Casting(HPDC) Market:
The HPDC market is dominated by four major manufacturers who collectively hold over 40% of the global market share. These industry giants have a significant influence on market trends and dynamics. They are known for their high-quality products, innovative technologies, and strategic market initiatives. The competition among these players is fierce, with each striving to increase their market share and strengthen their position in the global market.
Engine Parts, Body Assemblies, Transmission Parts, Others in the Global High-Pressure Die Casting(HPDC) Market:
China is the largest market for HPDC, accounting for more than 25% of the global market share. The country's massive industrial sector, coupled with its rapid economic growth, has created a huge demand for HPDC products. China's dominance in the HPDC market is expected to continue in the foreseeable future, thanks to its robust manufacturing sector and favorable government policies.
Global High-Pressure Die Casting(HPDC) Market Outlook:
The HPDC market is segmented based on the type of metal used, namely Aluminum, Magnesium, and Zinc. Aluminum is the most widely used metal in HPDC due to its lightweight and high strength. It is commonly used in the automotive industry for manufacturing engine parts, body assemblies, and transmission parts. Magnesium, on the other hand, is known for its excellent castability and dimensional stability. It is primarily used in the electronics industry for making lightweight and compact components. Zinc is the third most popular metal in HPDC. It is preferred for its high ductility and corrosion resistance, making it ideal for making intricate and durable components.
| Report Metric | Details |
| Report Name | High-Pressure Die Casting(HPDC) Market |
| Accounted market size in 2023 | US$ 14650 million |
| Forecasted market size in 2029 | US$ 20770 million |
| CAGR | 6.0 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Sales by Region |
|
| By Company | Nemak, GF Automotive, Ahresty, Ryobi, Endurance Technologies, Dynacast, Handtmann, Guangdong Hongtu, KPSNC, Chongqing Yujiang, Alteams, Ashok Minda, FAIST, Aurrenak, EnginSoft |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
