The global automotive parts die casting market is expected to grow at a rapid pace between 2022 and 2030. The market is likely to grow over the anticipated period of time in 2021 because major companies are adopting strategies at an increasing rate.
Many engineers and manufacturers prefer die casting because of its superior mechanical qualities, such as corrosion resistance and strength-to-weight ratio. The process’s constant high speed makes it possible to create multiple complicated pieces rapidly and affordably.
In this article, we created a price simulation for die-casting parts. The impact of different quantities on the project’s costs is clear.
Factors Affect Die Casting Part Prices
Die-casting prices are influenced by a few facts.
- Utility Costs (Water, Gas, and Electric)
- Overhead and Fixed Costs
- The Cost of Labor Rates
- The Number of Labor Hours
- Setup Costs for equipment and die-casting molds
- Die Casting Metal Amounts
- Die Casting Metal Cost Each Pound
- Value Added Processes.
All of these factors are listed in order to make die-casting parts. Die castings typically cost between $1 and $5 per die-casting component.
Utilitiy Costs
Utility costs are used to melt the die-casting metal for two or four hours before die-casting manufacturing. The high-pressure pumps that power the high-pressure die-casting machines consume a lot of electricity.
Fixed and Overhead Expenses
Such expenses as rent, insurance, medical benefits, and salaries for management and owners are typically ignored.
The Rates of Labor Cost
Labor prices vary widely based on the job, employment experience, and length of service.
The Number of Hours Worked
Labor hours are the time it took to make the parts using a die-casting machine, but they can also include time for inspection, packaging, and processing.
Setup Costs for Equipment and Die Casting Molds
A die-casting machine must be set up for hours before it can produce parts. It takes a few hours to load a die into a die-casting machine, a few hours to mount inserts into a mold base, and a few hours to melt a metal bath before production begins.
Amounts of Die Casting Metal
How much die-casting metal is required for each component? How much did it take to make the part? How much waste must be eliminated throughout the cleanup procedure? How much metal can be recovered, and how much was lost?
Die Casting Metal Cost Each Pound
Each pound of various metal alloys used in die casting is priced differently. Some alloys are more affordable because they are more widely used. There may be a minimum metal lot cost for the bath if an alloy is only used once.
Value Added Processes, Also Called Outside Process Costs
The processes needed to transform the casting from its initial state as a raw material into the finished product that our customer desires have a price. The more common value-added charges are those related to coating and machining.
These costs are spread across the hundreds or thousands of diecast parts produced during the production run. In order to cover most of the variable and minimum costs, our customers will need to pay more for each die-casting part when they only require a few pieces.
Aluminum Die Casting Costs
Mold complexity is a key cost element in aluminum die-casting projects. If you need to make intricate parts but the mold alone can’t achieve the design, CNC machining will be used for certain subsequent procedures. It is significant to note that there is a limit to how much lower the unit price can go by increasing the quantity in the table below.
| No. | Material | Finish | Quantity | Unit Price | Tooling Cost | Lead time Days |
| 1 | Aluminum | As machined | 500 | £6.91 | £4,992.00 | 32 |
| 2 | Aluminum | As machined | 5000 | £5.18 | £4,992.00 | 32 |
| 3 | Aluminum | As machined | 50000 | £5.18 | £4,992.00 | 32 |
The cost of the aluminum die casting for this part, without any additional finishing, ranges from £6.91 to £5.18.
In terms of average timelines, 30 to 40 days for production is on the quick side.
As most manufacturers compete for the project because the entrance barrier has been decreased, tooling costs are typically kept low. The ability to produce parts over a longer period of time while earning a constant income.
