Auto parts casting parts market size

The auto parts casting parts market, especially aluminum alloy die casting parts, is an important part of the global automobile manufacturing industry. With the continuous development of the global automotive industry and the rapid growth of the new energy vehicle market, the demand for aluminum alloy die casting parts has been increasing, driving the expansion of the market size. According to relevant data, the size of the global aluminum alloy die casting market for automotive parts experienced significant growth between 2019 and 2030, and the market size is expected to reach a high level by 2030. In addition, China, as a globally important automobile producing and consuming country, its automotive die casting industry also shows strong growth momentum.

The scale of automotive aluminum die castings is about 165.7 billion yuan, and is expected to exceed 240 billion yuan in 2025. With the gradual improvement of the domestic epidemic and the recovery of residents' consumption level, China's automobile industry is expected to gradually return to a state of steady growth. In the national policy actively guide the accelerated development of new energy vehicle industry background, auto parts industry will fit "double carbon" goal ushered in the trend of lightweight, automotive aluminum alloy die casting demand is expected.

Aluminum alloy die casting is widely used, especially in the automotive industry, the demand for aluminum alloy die casting is very considerable, throughout the development of China's aluminum alloy die casting, in recent years, China's production capacity of automotive aluminum die casting parts is expanding. Automobile body is the car weight accounted for the highest proportion of the part, is also lightweight potential of the largest field, the traditional automobile to high-strength steel instead of ordinary steel can reduce the weight of about 11%, the use of aluminum alloys can reduce the weight of about 40%, lightweight materials to reduce the weight of the effect is remarkable. Die casting is the most widely used aluminum alloy form on the car, automotive aluminum die casting parts are widely used in chassis, body, power system and other fields. According to die casting magazine, die casting aluminum alloy accounts for about 77% of the amount of aluminum used in automobiles.

At present, China's die casting industry concentration is relatively low, China's die casting enterprise has more than 3,000, but the vast majority of the scale is relatively small, production of more than 10,000 tons of only a few dozen. China's automotive die casting production scale enterprises are mainly two types, one is the automotive field enterprise supporting enterprises, subordinate to the downstream industry group company; Another type is independent automotive precision die casting production enterprise, specializing in automotive precision die casting production, and downstream customers to establish a more stable long-term cooperative relations.

With the development of China's automobile industry, automobile lightweight trend, aluminum alloy, magnesium alloy and other light alloy precision die casting good industry application prospects are attracting new competitors to join, including some large foreign die casting enterprises. With the development of the industry, the future market competition will become increasingly fierce, the local automotive precision die casting production enterprises must continue to improve the level of technology, the introduction of advanced equipment, expand the production scale in order to maintain their market position in the industry.

From the product type point of view, automotive parts aluminum alloy die casting industry covers a variety of alloy types, such as ADC12, A356, A380, etc., each alloy type has its specific application areas and market segmentation. With the advancement of technology and changes in market demand, the market share of different alloy types is also in constant change. For example, A356 alloy occupies an important position in automotive parts casting due to its excellent casting performance and mechanical properties1.

From the distribution of downstream industries, automotive parts aluminum alloy die casting is mainly used in power system, vehicle structure, electric vehicle parts and other fields. With the rapid development of the electric vehicle market, the demand for electric vehicle components is increasing rapidly, which directly promotes the application of aluminum alloy die casting in the power system and vehicle structure, which in turn affects the size and growth of the whole market.

Globally, the die casting industry is a fully competitive industry. The number of die casting enterprises in developed countries is small, but the scale of individual enterprises is large, high degree of specialization, and they have strong advantages in terms of capital, technology, customer resources and so on. The international representative automobile die casting production enterprise mainly have Japan RYOBI Co. Enterprises in developed countries due to the leading edge in equipment and technology level, generally to the production of automobile, aviation and other high-quality and high value-added die castings, in technology and production scale ahead of most of China's automotive die casting production enterprises.

As the most important application field of die-casting products, automobile engines, transmissions, transmission systems, steering systems, electronic control systems are used in a large number of precision die castings, automobile parts demand will largely affect the overall development prospects of the die-casting industry. With people on the car energy saving and environmental protection of the increasing attention, nearly three decades in the automobile industry presents aluminum instead of steel, instead of iron trend, at present this trend is still continuing. At present, the global automotive aluminum alloy die castings market for automobiles as a whole shows a rapid development trend, and the global sales volume is expected to reach 16.3520 million tons in 2025, an increase of 83.19% compared with 2012.

In summary, the auto parts casting parts market, especially the aluminum alloy die casting parts market, has shown a steady growth trend due to the impetus from the development of the global automobile industry, especially the new energy automobile industry. In the future, with the progress of technology and further expansion of the market, this market will continue to maintain the growth trend.