Development of die-casting molds and die-casting parts industry in 2026

My country's die-casting mold enterprises started in the early 1990s, mainly focusing on die-casting molds for motorcycle parts. Since the 21st century, with the gradual transformation of automobile engine systems, transmission systems, suspension systems, body structures and chassis structural parts from ferrous metals to casting

With the transformation of non-ferrous metals, die-casting molds  have entered a golden period of rapid development. The technology of light alloy die-casting molds such as high-vacuum die-casting molds has developed rapidly. Some leading domestic die-casting mold companies have increased their investment in advanced equipment and mainly produce medium-sized die-casting molds such as automobile brackets, clutches, oil pans, and manual transmissions. This has led to the rapid development of die-casting mold companies across the country, and the Mold Manufacturing level and manufacturing technology have been greatly improved.

With the rapid development of new energy vehicles in China, with the support of national industrial policies such as the "Strategic Emerging Industries Classification (2018)" and the "14th Five-Year Plan Development Outline for the Mold Industry", integrated and lightweight structural parts die-casting mold technology has entered the mass production application period. Leading domestic die-casting mold companies have accumulated rich design and manufacturing experience in the fields of new energy vehicle structural parts molds and integrated die-casting molds, and have the ability to serve the global market. China's die-casting mold industry has demonstrated strong international competitiveness in terms of technology and production capacity.

Die-casting molds have industrial characteristics such as multiple varieties, customization and small batches per piece, which makes the industry as a whole present a competitive landscape dominated by small and medium-sized enterprises. With the improvement of the innovation capabilities of domestic die-casting mold companies and the advancement of design and manufacturing technology, especially the breakthroughs and mass production applications of integrated die-casting technology , key mold companies have gradually changed from the supply of single mold products to the role of equal emphasis on mold products and forming technology services, promoting the extension of business to the middle and high end of the value chain. In the high-barrier field of integrated die-casting molds, the market concentration is relatively high, and key enterprises with technology, customer and scale advantages occupy the main market share.

Mold is the "mother of industry", and the global die-casting mold industry has a large market size. According to QY Research data, the global mold market size will be approximately US$24 billion in 2024 and is expected to grow to US$34.7 billion by 2031, with a compound annual growth rate (CAGR) of 6.9%.

Die-casting technology  has been used for more than 160 years, and the development of global die-casting technology is relatively mature. The production and consumption of global die castings are mainly concentrated in the United States, China, Italy, Germany, Mexico, Japan and other countries. Developed countries have leading advantages in equipment and technology, and their die-casting industries generally focus on high-quality and high-value-added die-casting for automobiles, communications, aviation, etc. There are fewer die-casting companies in developed countries, but individual companies are larger in scale and more specialized, and have greater advantages in capital, technology, customer resources, etc.

With the sustained and rapid development of my country's automobile, communication infrastructure, 3C products, equipment manufacturing, home appliances, electromechanical instrumentation, light industry and other industries, as well as the transfer of foreign die-casting industries to China, my country has become the world's largest producer and consumer of castings. According to data from the American Casting Association's Modern Casting magazine, my country's casting output accounted for 49.24% of the world's total in 2020. Since 2020, China's casting output has shown a steady upward trend as a whole. In 2024, the output of aluminum-magnesium alloy castings will be approximately 8.32 million tons, a year-on-year increase of 4.65%. Among them, aluminum-magnesium alloys are widely used in the automotive industry.

From a global perspective, the die-casting industry is a fully competitive industry with low overall market concentration. Representative companies include Nemak, Ryobi Ltd., Georg Fischer and Pierburg. According to a research report by QYResearch, from the perspective of the global automotive parts aluminum alloy die-casting market, the world's top ten automotive parts aluminum alloy die-casting manufacturers account for approximately 18.0% of the market share in 2022.

China is the world's largest producer and consumer of die-casting parts. The domestic die-casting parts market is characterized by a large number of companies and low overall concentration. Leading companies have continued to expand their scale through continuous research and development and lean production, and their technical level has ranked among the best in the country and even the world. The main ones include Guangdong Hongtu, Ikodi, Wencan Co., Ltd., Xusheng Group, Merrill Lynch, Rongtai Co., Ltd. and Jintuo Co., Ltd. Ultra-large integrated die-casting parts such as integrated front cabin and integrated rear floor have higher technical thresholds, equipment investment thresholds and qualification certification thresholds. The integrated die-casting parts market is mainly occupied by leading companies with large scale and strong technical strength. With the trend of automobile energy conservation, emission reduction and new energy, the demand for automobile Aluminum Die Castings will continue to increase, and market participants will face a broader market space.

According to data from Grand View Research, the global aluminum alloy die casting market size will be US$69.4 billion in 2021, and the market size will reach US$112.3 billion in 2030. The market size of aluminum alloy die castings is steadily expanding, correspondingly driving the market space for die casting molds. The automotive industry is the largest downstream application field of aluminum alloy die castings. According to Zhiyan Consulting data, the automotive industry will account for 66.81% of the downstream applications of aluminum alloy die castings in China in 2022.