The Germany automotive parts aluminum die casting market size was valued at USD 1.30 Billion in 2022 and is anticipated to reach USD 2.03 Billion by 2031, at a CAGR of 5.1% during the forecast period, between 2023 and 2031. The growth of the market is attributed to the high demand for automobile in Germany.
Die casting is a metal casting process where molten metal is pressed into a mold cavity under high pressure and high filling speed. Aluminum die casting is a process of creating complex aluminum parts. Aluminum alloys are light in weight with high dimensional stability. Aluminum possesses good corrosion resistance and high thermal and electrical conductivity.
Aluminum die casting benefits the automotive industry by giving more freedom and flexibility in complex designing, reducing vehicle weight, manufacturing eco-friendly and sustainable automotive components, and others. Increasing numbers of automotive manufacturers and component manufacturers boost the market in Germany.
Germany Automotive Parts Aluminum Die Casting Market Trends, Drivers, Restraints, and Opportunities
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Germany is one of the biggest markets for automobiles in the world. High demand for automobiles and the presence of key automobile and component manufacturers in the country drive the market.
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Rising pollution levels urge automobile manufacturers to look for lightweight component solutions to reduce fuel consumption and emission of harmful pollutants.
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Low availability of aluminum in the country leads to high imports of the metal to match the growing demand for aluminum and related products. This is likely to hinder the market growth.
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The Germany automotive parts aluminum die casting industry was affected negatively during the COVID-19 situation. The imposed lockdown forced key players to shut down their operations, as it weakened the automobile demand in the country. The industry is expected to pick up from the second half of 2021, due to relaxed restrictions.
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Germany tops the market in the European Union inspite of the socio-political situation in the country, Brexit, and uncertain future environmental regulations.
Scope of Germany Automotive Parts Aluminum Die Casting Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Parts Aluminum Die Casting Market - Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Production Process Type (Vacuum Die Casting, Pressure Die Casting, Squeeze Die Casting, and Semi-Solid Die Casting) and Application (Engine Parts, Body Assemblies, Transmission Parts, and Others)
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Ryobi Die Casting; Nemark; KSPG AG; Alcoa Inc.; and Interplex Holdings Ltd.
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Germany Automotive Parts Aluminum Die Casting Market Segment Insights
Based on production process type, the market is segmented into vacuum die casting, pressure die casting, squeeze die casting, and semi-solid die casting. The pressure die casting segment is expected to hold a major market share during the forecast period. The pressure die casting technique helps in producing high volumes of parts with high accuracy. The technique is cost-effective and less time-consuming. The advantages of pressure die casting and its rising demand enables major players to invest more and expand their operations in the country. For example, in February 2020, Midland Pressure Diecasting (MPD) increased its output of aluminum and zinc casting by purchasing automated machines and a new French die casting machine. MPD completed its USD 3 million investment drive with the increased output.
Based on application, the Germany automotive parts aluminum die casting market is segregated into engine parts, body assemblies, transmission parts, and others. The body assembly segment is anticipated to expand at a rapid rate during the forecast period. High demand for lightweight cars increased the demand for lightweight but strong body assemblies in the country, boosting the market.
Segments
The Germany automotive parts aluminum die casting market has been segmented on the basis of
Production Process Type
- Vacuum Die Casting
- Pressure Die Casting
- Squeeze Die Casting
- Semi-Solid Die Casting
Application
- Engine Parts
- Body Assemblies
- Transmission Parts
- Others
Key Players
Competitive Landscape
Ryobi Die Casting; Nemark; KSPG AG; Alcoa Inc.; and Interplex Holdings Ltd. are the key players in the Germany automotive parts aluminum die casting market. Players in Germany account for a small market share. Key players are using strategies such as mergers, partnerships, acquisitions, collaborations, and product launches to gain considerable market share. For example, in June 2019, one of UK’s largest independent aluminum foundries, Alucast, secured contracts valued at approximately USD 3 million from car manufacturers to look for ways to reduce weight of future car models.
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