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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Die casting is a manufacturing method that uses reusable molds called dies to create geometrically complicated metal components. The metal, which is usually a non-ferrous alloy like aluminum or zinc, is melted in a furnace and then pumped into dies in a die casting machine. The technique is defined by pushing molten alloy or metal into a mold cavity under high pressure. Metals such as lead, zinc, magnesium, aluminum, copper, and tin-based alloys are used to make die castings.

The die casting market is growing due to an increase in demand for fuel-efficient, high-performance, and low-emission cars. Die casting machine demand is further boosted by an increase in machinery manufacturing sectors and an increase in building industry investments. The market's growth is likely to be restricted by raw material price volatility. In addition, there   has been a number of improvements in the traditional high-pressure die casting techniques in the recent years. During the projected period, such aspects are likely to provide attractive growth prospects for market participants.

High pressure die casting (HPDC) technology is rapidly evolving to meet new market trends. This in turn is pushing the introduction of new die lubricant technologies into the die casting market. These new technologies provide higher productivity in die casting plants through their ability to help casters produce high-quality and complex castings at high die temperatures while reducing machine downtime.

China holds largest market share in automobile die casting industry. In early 2020 due to covid-19, the global economy and environmental laws had a significant impact on Chinese automobile exports. Recent regulatory changes throughout the world have had little to no influence on the rate of sales growth in 2019.

The Indian government has introduced 100% foreign direct investment (FDI) in the car and auto component sectors. As a result, several international firms have begun to construct facilities in the country to manufacture automobiles for both the domestic and worldwide markets. In India, the die casting industry is at a crossroad. Many companies have expressed interest in investing in the Indian market for electric vehicles as die casting are mainly used in automobile sector to make lightweight vehicles. Such growing opportunities in the automobile industry are expected to boost the market growth of global die casting market.

Global Die Casting Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 outbreaks and related shutdowns have impacted the die casting industry in numerous nations. In the first half of 2020, the pandemic's detrimental effects could be seen in the global industrial sector. As a result, the market's growth was limited by the reduction in production rates due to the pandemic-related interruptions in the first few months of 2020. After limitations were relaxed, the market regained its lost momentum by the end of 2020.

Asia Pacific held dominant position in the global die casting market in 2020

Statistics:

Asia Pacific held dominant position in the global die casting market in 2020, followed by Europe and North America.

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Die Casting Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 62.3 Bn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 7.2% 2028 Value Projection: US$ 106.5 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia & New Zealand , South Korea, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Type: Pressure Die Casting (High Pressure Die Casting and Low Pressure Die Casting), Vacuum Die Casting, Squeeze Die Casting, and Others (Semisolid Die Casting)
  • By Material: Aluminum, Magnesium, Zinc, and Others
  • By Application: Automobile (Body Parts, Engine Parts, Transmission Parts, and Other Application), Heavy Equipment (Construction, Farming, and Mining), Machine Tools, Plant Machinery (Chemical Plants, Petroleum Plants, Thermal Plants, Paper, Textile, and Others), Municipal Castings (Valves and Fittings, Pipes, etc.), and Others (Household Appliances, Art Objects, etc.)
Companies covered:

Alcast Technologies, Arconic, Consolidated Metco, Inc., Dynacast International Inc., Gibbs Die Casting, Ryobi die casting Inc., Bodine Aluminum, Martinrea Honsel Germany GmbH, Leggett & Platt, Endurance Technologies Ltd., Empire Die Casting Company, Alcoa Inc., Hitachi Metals Ltd, Nemak S.A.B. de C.V., GF Casting Solution AG, Shiloh Industries Inc., Rheinmetall Automotive AG, Sigma Electric Manufacturing Corp., Pace Industries, and Guangdong Yizumi

Growth Drivers:
  • Increasing demand of light weight vehicles in automobile sector
  • Rising industrialization in developing economies
  • Technological advancement in die casting technology
Restraints & Challenges:
  • Changing requirement of end users
  • Lack of well trained and skilled workforce in the die casting industry

Figure 1: Global Die Casting Market Share (%), By Region, 2020

Die Casting  | Coherent Market Insights

Asia Pacific is expected to account for the largest market share during the forecast period, owing to the presence of major key players such as Dynacast International Inc., Endurance Technologies Ltd., Hitachi Metals, Guangdong Yizumi, and many others in the region.

Automobile segment is expected to drive the market growth during the forecast period

Among application, the automobile segment is expected to hold dominant position in the global die casting market during the forecast period. As of 2020, polymers and non-ferrous materials accounted for more than 30% of all materials used in automobiles. Aluminum alloys, which are mainly created utilizing the high pressure die casting technique, now make approximately 30-40% of the car components in a vehicle.

Figure 2: Global Die Casting Market Value (US$ Bn) Analysis and Forecast, 2017 - 2028

Die Casting  | Coherent Market Insights

The global die casting market was valued at US$ 62.3 Bn in 2020 and is expected to reach US$ 106.5 Bn by 2028 at a CAGR of 7.2% between 2021 and 2028.

Major players operating in the global die casting market include Alcast Technologies, Arconic, Consolidated Metco, Inc., Dynacast International Inc., Gibbs Die Casting, Ryobi Die Casting Inc., Bodine Aluminum, Martinrea Honsel Germany GmbH, Leggett & Platt, Endurance Technologies Ltd., Empire Die Casting Company, Alcoa Inc., Hitachi Metals Ltd, Nemak S.A.B. de C.V., GF Casting Solution AG, Shiloh Industries Inc., Rheinmetall Automotive AG, Sigma Electric Manufacturing Corp., Pace Industries, and Guangdong Yizumi

Die casting is a manufacturing process that involves pouring molten metal into steel molds. Molds, also known as tools or dies, are made of steel and are custom-made for each job. Die casting enables each component to be made with precision and consistency. Die casting alloys that are most often used include aluminum, zinc, and magnesium. Die casting has a number of benefits over other manufacturing techniques, which can result in considerable cost reductions, both in terms of the part price and the entire cost of production. When you cast a component, you may make complicated net forms with minimal draught angles such as exterior threads and intricate interior features to reduce secondary operations. Hot-chamber die casting is an excellent choice for alloys metal pots, cylinders, and plungers. It is used for zinc, certain magnesium alloys, and other low-melting alloys. Cold-chamber die casting is suitable for metals with high melting points including aluminum.

The method of die casting is mostly used in automobile industry. Zinc die casting parts for the automobile industry is known as hot chamber die casting. Zinc is heated until it melts, then it is pressed into a mold in the shape of the required automobile part. The metal is taken out from the mold when it is cooled and solidified. Non-ferrous materials with high fluidity and low fusion temperature such as zinc, alloys such as copper, aluminum, brass, magnesium, and tin-based alloys are commonly made using the die casting method. Approximately 50% of gears/wheels are made up of zinc-based alloys that are manufactured by the die casting process.

Market Dynamics

The increased demand for aluminum castings in the electrical and electronics sector along with the increasing penetration of die casting parts in the automobile industry is driving the global die casting market. High precision and digital machines are increasingly being utilized to increase the quality and durability of aluminum castings for industrial, automotive, and electronic applications, as casting technology improvements has boosted global die casting market growth. Furthermore, the expanding construction equipment industry as well as widespread energy conservation practices in developing regions like APAC and Latin America has had a major impact on the aluminum casting market's exponential expansion. Moreover, growing industrialization, especially in India and China has increased demand for aluminum castings in different sectors such as telecommunications, energy, and industrial components. The demand for lightweight, non-ferrous metals in the automobile sector has been accelerated by the fast adoption of strict government rules aimed at reducing automobile emissions and boosting fuel economy. The die casting industry is growing due to the implementation of strict emission standards by various nations and regions governments. Reduced vehicle weight is an essential step in lowering emissions, which leads equipment manufacturers to choose lightweight materials for automotive components such as magnesium and carbon fiber reinforced plastic. The market investigated is growing due to increased investments in innovation and automation sector. For instance in 2020, the Indian Institute of Technology (IIT), Madras, the US Army Research Laboratory, and the University of North Texas had discovered a unique magnesium alloy that could be used in the automobile sector to replace aluminum and steel alloys and improve vehicle fuel economy.

Key features of the study:

  • This report provides in-depth analysis of global die casting market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global die casting market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include Alcast Technologies, Arconic, Consolidated Metco, Inc., Dynacast International Inc., Gibbs Die Casting, Ryobi die casting Inc., Bodine Aluminum, Martinrea Honsel Germany GmbH, Leggett & Platt, Endurance Technologies Ltd., Empire Die Casting Company, Alcoa Inc., Hitachi Metals Ltd, Nemak S.A.B. de C.V., GF Casting solution AG, Shiloh Industries Inc., Rheinmetall Automotive AG, Sigma Electric Manufacturing Corp., Pace Industries, and Guangdong Yizumi
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global die casting market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global die casting market

Detailed Segmentation

  • Global Die Casting Market, By Type:
    • Pressure Die Casting
      • High Pressure Die Casting
      • Low Pressure Die Casting
    • Vacuum die casting
    • Squeeze die casting
    • Others (Semi-solid die casting)
  • Global Die Casting Market, By Material:
    • Aluminum
    • Magnesium
    • Zinc
    • Others
  • Global Die Casting Market, By Application:
    • Automobile
      • Body Parts
      • Engine Parts
      • Transmission Parts
      • Other
    • Heavy Equipment
      • Construction
      • Farming and Mining
    • Machine Tools
    • Plant Machinery
      • Chemical Plants
      • Petroleum Plants
      • Thermal Plants
      • Paper Plants
      • Textile Plants
      • Other
    • Municipal Casting (Valves, Fitting and Pipes, Etc.)
    • Other (Household Appliances, Art Objects, Etc.)
  • Global Die Casting Market, By Region:
    • North America
      • By Type:
        • Pressure Die Casting
          • High Pressure Die Casting
          • Low Pressure Die Casting
        • Vacuum die casting
        • Squeeze die casting
        • Semi-solid die casting
      • By Material:
        • Aluminum
        • Magnesium
        • Zinc
        • Others
      • By Application:
        • Automobile
          • Body Parts
          • Engine Parts
          • Transmission Parts
          • Other
        • Heavy Equipment
          • Construction
          • Farming and Mining
        • Machine Tools
        • Plant Machinery
          • Chemical Plants
          • Petroleum Plants
          • Thermal Plants
          • Paper Plants
          • Textile Plants
          • Other
        • Municipal Casting (Valves, Fitting and Pipes, Etc.)
        • Other (Household Appliances, Art Objects, Etc.)
      • By Country:
        • U.S.
        • Canada
    • Asia Pacific
      • By Type:
        • Pressure Die Casting
          • High Pressure Die Casting
          • Low Pressure Die Casting
        • Vacuum die casting
        • Squeeze die casting
        • Semi-solid die casting
      • By Material:
        • Aluminum
        • Magnesium
        • Zinc
        • Others
      • By Application:
        • Automobile
          • Body Parts
          • Engine Parts
          • Transmission Parts
          • Other
        • Heavy Equipment
          • Construction
          • Farming and Mining
        • Machine Tools
        • Plant Machinery
          • Chemical Plants
          • Petroleum Plants
          • Thermal Plants
          • Paper Plants
          • Textile Plants
          • Other
        • Municipal Casting (Valves, Fitting and Pipes, Etc.)
        • Other (Household Appliances, Art Objects, Etc.)
      • By Country:
        • China
        • India
        • Japan
        • Australia & New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • By Type:
        • Pressure Die Casting
          • High Pressure Die Casting
          • Low Pressure Die Casting
        • Vacuum die casting
        • Squeeze die casting
        • Semi-solid die casting
      • By Material:
        • Aluminum
        • Magnesium
        • Zinc
        • Others
      • By Application:
        • Automobile
          • Body Parts
          • Engine Parts
          • Transmission Parts
          • Other
        • Heavy Equipment
          • Construction
          • Farming and Mining
        • Machine Tools
        • Plant Machinery
          • Chemical Plants
          • Petroleum Plants
          • Thermal Plants
          • Paper Plants
          • Textile Plants
          • Other
        • Municipal Casting (Valves, Fitting and Pipes, Etc.)
        • Other (Household Appliances, Art Objects, Etc.)
      • By Country:
        • Germany
        • Italy
        • U.K.
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Latin America
      • By Type:
        • Pressure Die Casting
          • High Pressure Die Casting
          • Low Pressure Die Casting
        • Vacuum die casting
        • Squeeze die casting
        • Semi-solid die casting
      • By Material:
        • Aluminum
        • Magnesium
        • Zinc
        • Others
      • By Application:
        • Automobile
          • Body Parts
          • Engine Parts
          • Transmission Parts
        • Heavy Equipment
          • Construction
          • Farming and Mining
        • Machine Tools
        • Plant Machinery
          • Chemical Plants
          • Petroleum Plants
          • Thermal Plants
          • Paper Plants
          • Textile Plants
          • Other
        • Municipal Casting (Valves, Fitting and Pipes, Etc.)
        • Other (Household Appliances, Art Objects, Etc.)
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Type:
        • Pressure Die Casting
          • High Pressure Die Casting
          • Low Pressure Die Casting
        • Vacuum die casting
        • Squeeze die casting
        • Semi-solid die casting
      • By Material:
        • Aluminum
        • Magnesium
        • Zinc
        • Others
      • By Application:
        • Automobile
          • Body Parts
          • Engine Parts
          • Transmission Parts
          • Other
        • Heavy Equipment
          • Construction
          • Farming and Mining
        • Machine Tools
        • Plant Machinery
          • Chemical Plants
          • Petroleum Plants
          • Thermal Plants
          • Paper Plants
          • Textile Plants
          • Other
        • Municipal Casting (Valves, Fitting and Pipes, Etc.)
        • Other (Household Appliances, Art Objects, Etc.)
      • By Country/Region:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • Alcast Technologies
      • Company Overview
      • Product Portfolio and Specifications
      • Financial Performance
      • Strategic Overview
      • Recent Developments/Updates
    • Arconic
    • Consolidated Metco Inc.
    • Dyncast International Inc.
    • Gibbs Die Casting
    • Ryobi die casting Inc.
    • Bodine Aluminum
    • Martinrea Honsel Germany GmbH
    • Leggett & Platt
    • Endurance Technologies Ltd.
    • Empire Die Casting Company
    • Alcoa Inc.
    • Hitachi Metals Ltd.
    • Nemak S.A.B de C.V
    • GF Casting Solution AG
    • Shiloh Industries Inc.
    • Rheinmetall Automotive AG
    • Sigma Electric Manufacturing Corp.
    • Pace Industries
    • Guangdong Yizumi

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Material
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New Product Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19 Pandemic
  4. Global Die Casting Market, By Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Pressure Die Casting
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
        • High Pressure Die Casting
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Low Pressure Die Casting
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
    • Vacuum Die Casting
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Squeeze Die Casting
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Others (Semi-Solid Die Casting)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Die Casting Market, By Material, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Aluminum
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Magnesium
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Zinc
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Die Casting Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Automobile
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
        • Body Parts
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Engine Parts
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Transmission parts
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Other
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
    • Heavy Equipment
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
        • Construction
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Farming and Mining
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
    • Machine Tools
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Plant Machinery
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
        • Chemical Plants
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Petroleum Plants
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Thermal Plants
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Paper Plants
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Textile Plants
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
        • Other
          • Introduction
          • Market Size and Forecast, 2017–2028, (US$ Million)
    • Municipal Casting (Valves, Fitting and Pipes, Etc.)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Other (Household Appliances, Art Objects, Etc.)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  7. Global Die Casting Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • Australia & New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Material, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country/Region, 2020 and 2028 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Alcast Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Arconic Consolidated Metco
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Consolidated Metco, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Dyncast International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Gibbs Die Casting
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ryobi Die Casting Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bodine Aluminum
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Martinrea Honsel Germany GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Leggett & Platt
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Endurance Technologies Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Empire Die Casting Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Alcoa Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hitachi Metals Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Nemak S.A.B de C.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • GF Casting Solution         AG   
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Shiloh Industries Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Rheinmetall Automotive AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sigma Electric Manufacturing Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
      • Pace Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Guangdong Yizumi
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 150 market data tables and 90 figures on "die casting Market - Global forecast to 2028”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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