EV Die Casting Components Market Overview 2024-2032: Innovations, Strategies, and Projections

EV Die Casting Components Market Size, Share, Growth Report 2024-2032 | No. of pages: 104 Report | which offers an in-depth analysis Grounded on Applications (Two Wheeler, Passenger Vehicle, Commercial Vehicle), and Types (High Pressure Die Casting (HPDC), Gravity Die Casting (GDC), Low Pressure Die Casting (LPDC), Others) and expected to grow annually by magnificent (CAGR 2024 – 2032).

EV Die Casting Components market report focuses on Supply-Demand Scenario, Key Raw Material Analysis, SWOT Analysis. It delivers an unbiased evaluation of the market’s performance, highlighting the latest industry advancements and innovative practices.

Who is the Largest Companies of EV Die Casting Components Market?

Ningbo Xusheng Auto Technology Co

DGS

IKD Co

Guangdong Wencan Die Casting Co

KSM Castings Group

Guangdong Hongtu Technology

Suzhou Chunxing Precision Mechanical Co

Endurance

GuangDong PaiSheng

Hitachi Metals

Martinrea Honsel

RYOBI

Gibbs Die Casting

Dongguan EONTEC Co

Nemak

Handtmann

EMP Tech Co

Dynacast

Chicago White Metal Casting, Inc

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Short Description About EV Die Casting Components Market:

Global EV Die Casting Components Market is expected to increase during the forecasted period due to the rising number of EV Die Casting Components. In 2023, the industry is growing at a steady rate and with the rising adoption of strategies by key manufacturers, the market is expected to rise over the projected horizon.

Market Overview of Global EV Die Casting Components market:
According to our latest research, the global EV Die Casting Components market looks promising in the next 5 years. As of 2022, the global EV Die Casting Components market was estimated at USD 6217.19 million, and its anticipated to reach USD 58609.77 million in 2028, with a CAGR of 45.34% during the forecast years.

Die casting is a metal fabrication process that involves pressing molten metal under high pressure into a reusable metal mold. EV Die Casting Components refers to die castings used in electric vehicles.

All-in-one EV Die Casting Components
Driven by the demand for lightweight design of electric vehicle bodies, the key parts of the body are developing in the direction of thin walls, high performance, and large-scale. Integrated die-casting refers to the high-level integration of multiple separate and dispersed aluminum alloy parts through a large-tonnage die-casting machine, and then molding and die-casting into 1-2 large aluminum castings, thereby replacing multiple parts by stamping and then welding them together. The way. For complete machine manufacturing companies, integrated die-casting products have greatly improved the production efficiency of automobile manufacturing plants and reduced production time compared with traditional process products. In general, one-piece die-casting products can shorten operating costs and reduce manufacturing costs for automotive manufacturers. Therefore, the currently integrated die-casting has become a common phenomenon in the industry, and the market demand for integrated die-casting products is increasing. For example, the design of the electric drive housing will also move from a stand-alone to an integrated design. From reducer, motor and electronic control have their own independent shell design, to the integration of motor, reducer and electronic control shell. With the development of high vacuum die casting technology, large tonnage dies casting machines and advanced molds, integrated EV Die Casting Components products will be the main direction of industry development.

Risk of Volatility in the Electric Vehicle Industry
The main market for EV Die Casting Components is in the field of electric vehicle components. In recent years, the electric vehicle market has grown rapidly, but the proportion of the total vehicle production and sales is still low, and the market promotion is still faced with many uncertain factors, such as the reduction of new energy vehicle subsidies year by year, the insufficient coverage of charging piles, and the inability to fully meet the cruising range. There are still differences in consumer demand and technology routes. In the future, if the development of the new energy vehicle market is repeated and the growth of production and sales is hindered, the company, as a supplier of new energy vehicle parts, if the above changes occur in the downstream industry, it will greatly affect the company’s product sales and thus the company’s operations performance.

Region Overview:
In global comparison, a significant portion of the revenue was generated in China (49.41% in 2021).

Company Overview:
RYOBI is one of the major players operating in the EV Die Casting Components market, holding a share of 12.32% in 2022.

RYOBI
Ryobi Limited has accumulated innovative technologies by manufacturing various components mainly for the automotive industry. The company mainly includes die-casting parts, builders’ hardware, printing equipment, and four business segments of power tools. Ryobi is a world leader in die-casting manufacturing and offers a wide range of products including cylinder blocks, transmissions and chassis for the automotive industry.

Hitachi Metals
Hitachi Metals is a Japan-based company that operates through four divisions. The Advanced Metal Products and Materials segment produces specialty steels, rolls, amorphous metals and cutting tools. The Magnetic Materials and Applications segment produces magnets, soft ferrites, other soft magnetic materials, and more. The Premium Functional Components and Equipment segment produces foundry components, plumbing components and building components. The Wire, Cable and Related Products segment manufacture wire and cable, automotive products and information systems. Infrastructure, automotive and electronics are the target areas for the company’s products.

Segmentation Overview:
By type, High Pressure Die Casting (HPDC) segment accounted for the largest share of market in 2021.

High Pressure Die Casting (HPDC)
In the process of high pressure die casting, molten metal or metal alloy is injected into the mold at high speed and pressure. High pressure die casting technology can produce very large light alloy parts at high volume and high speed.

Gravity Die Casting (GDC)
In gravity die casting, molten metal is poured directly from a ladle into semi-permanent or permanent molds. Gravity die casting technology is very suitable for the production of various complex aluminum castings for auto parts, such as turbochargers, brake calipers, steering knuckles, engine cylinder heads.

Low Pressure Die Casting (LPDC)
Low pressure die casting (LPDC) is a process commonly used in foundries today, in which molten metal slowly fills the mold, reducing turbulence. Automotive applications include wheels as well as suspension, steering and engine components.

Application Overview:
The market’s largest segment by application is the segment Passenger Vehicle, with a market share of 76.04% in 2021.

Two Wheeler
A two-wheeler is a vehicle that runs on two wheels. It means that the product is used in the Two Wheeler Electric Vehicle.

Passenger Vehicle
A passenger car refers to a vehicle with fewer than nine seats and the main purpose of carrying passengers, including private cars and cars.

Commercial Vehicle
Commercial vehicles refer to vehicles with more than nine seats (including the driver’s seat) or with the main purpose of carrying cargo.

Analysis of the EV Die Casting Components Market by Type: –

High Pressure Die Casting (HPDC)

Gravity Die Casting (GDC)

Low Pressure Die Casting (LPDC)

Others

Analysis of the EV Die Casting Components Market by Application: –

Two Wheeler

Passenger Vehicle

Commercial Vehicle

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Major regions covered in the report:

North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Important Highlights of the report:

This research report reveals this business overview, product overview, market share, demand and supply ratio, supply chain analysis, and import/export details
The industry report captivates different approaches and procedures endorsed by the market key players to make crucial business decisions
The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed
Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth
The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies

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EV Die Casting Components Market – 2023 Analysis Report Covers Answers to your following Questions:

What are the current global trends in the EV Die Casting Components market? Will there be an increase or decline in demand in the upcoming years?
What is the projected demand for different types of EV Die Casting Components products? What are the upcoming trends and applications in the industry?
What are the estimated projections for the global EV Die Casting Components industries in terms of capacity, production, production value, cost, profit, market share, supply, consumption, import, and export?
How will strategic developments shape the industry in the mid to long-term?
What factors contribute to the final price of EV Die Casting Components products? What raw materials are used in their manufacturing?
How significant is the opportunity for the EV Die Casting Components market? How will the increasing use of EV Die Casting Components products in mining affect the overall market growth rate?
What is the current value of the global EV Die Casting Components market, and how much is it worth?

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Major Points from Table of Contents:

1 EV Die Casting Components Market Overview
1.1 Market Definition and Product Scope
1.2 Global EV Die Casting Components Market Size and Growth Rate 2018-2030
1.2.1 Global EV Die Casting Components Market Growth or Decline Analysis
1.3 Market Key Segments Introduction
1.3.1 Types of EV Die Casting Components
1.3.2 Applications of EV Die Casting Components
1.4 Market Dynamics
1.4.1 Drivers and Opportunities
1.4.2 Limits and Challenges
1.4.3 Impacts of Global Inflation on EV Die Casting Components Industry

2 Industry Chain Analysis
2.1 EV Die Casting Components Raw Materials Analysis
2.2 EV Die Casting Components Cost Structure Analysis
2.3 Global EV Die Casting Components Average Price Estimate and Forecast (2018-2030)
2.4 Factors Affecting the Price of EV Die Casting Components
2.5 Market Channel Analysis
2.6 Major Downstream Customers Analysis

3 Industry Competitive Analysis
3.1 Market Concentration Ratio and Market Maturity Analysis
3.2 New Entrants Feasibility Analysis
3.3 Substitutes Status and Threats Analysis

4 Company Profiles

5 EV Die Casting Components Market – By Trade Statistics
5.1 Global EV Die Casting Components Export and Import
5.2 United States EV Die Casting Components Export and Import Volume (2018-2023)
5.3 United Kingdom EV Die Casting Components Export and Import Volume (2018-2023)
5.4 China EV Die Casting Components Export and Import Volume (2018-2023)
5.5 Japan EV Die Casting Components Export and Import Volume (2018-2023)
5.6 India EV Die Casting Components Export and Import Volume (2018-2023)

6 North America EV Die Casting Components Market Overview Analysis
6.1 North America EV Die Casting Components Market Development Status (2018-2023)
6.2 United States EV Die Casting Components Market Development Status (2018-2023)
6.3 Canada EV Die Casting Components Market Development Status (2018-2023)
6.4 Mexico EV Die Casting Components Market Development Status (2018-2023)

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