Automotive Metal Die Casting Market Global Forecast till 2030

Automotive Metal Die Casting Market: Information by Metal (Aluminum, Zinc, Magnesium), Process Type (High-Pressure Die Casting, Gravity Die Casting), Application (Structural Components, Transmission Components), and Region—Forecast till 2030

ID: MRFR/CnM/6229-CR | April 2019 | Region: Global | 196 Pages         

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The global automotive metal die casting market is projected to register a healthy CAGR of 8.75% during the forecast period 2030. Metal die casting is a process that is carried out by forcing high-temperature molten metal into the mold cavity under high pressure in a controlled manner. The mold cavity is produced according to actual size specifications of the component to be produced by using two hardened tool steel dies, which have been machined into required shape during the process. Metals such as aluminum, zinc, and magnesium are used in the manufacturing of die casting components that exhibit versatility, high strength to weight ratio, and resistance to corrosion and moisture.


Stringent environmental regulations by the Environmental Protection Agency (EPA) to reduce CO2 emissions and increasing initiatives by the North American Die Casting Association (NADCA) to improve the technical workforce are likely to favor the global market growth in the coming years. Automotive metal components consist of steel, which is relatively heavy than aluminum. High fuel consumption, increasing greenhouse gases, and enhanced structural efficiency of automobiles have created a consumer shift from steel to the lightweight metal die casting. Furthermore, the growing concern regarding increasing the quality of workforce by the NADCA and Occupational Safety and Health Administration (OSHA) to enhance energy efficiency, reduce air emissions, manage and minimize waste, and recyclability is further expected to drive the global market growth during the forecast period.


Market Dynamics


There is surging demand for aluminum in the manufacturing of automobile die cast components owing to its lightweight, high performance, recyclability, and low cost. Moreover, various aluminum alloys are used in the form of sheets in automobiles, including luxury cars. To enhance the strength and efficiency of die cast components, various innovations have been carried out by the key market players, which adhere to the stringent EPA regulations.


Automotive die casting also finds applications in electric vehicles (EVs) owing to its lightweight, which is expected to create lucrative opportunities for the global market players. Metals such as aluminum and magnesium are widely used in electric vehicles as lightweight of the vehicle helps to increase the driving range. In EVs, batteries and electric motors increase the overall weight. This can be reduced by replacing the steel parts with a metal die cast in EV batteries.


Global Automotive Metal Die Casting Market Revenue, by Application, 2017 (USD Million)


Automotive Metal Die Casting Market


Sources: MRFR Analysis


Segmentation


Based on metal, the aluminum segment held the largest market share of 67.63% in 2017 and is estimated to reach USD 31,447.5 by the end of 2023. This is attributed to its lightweight, relatively low cost, durability, recyclability, surface finishing options, versatility, and corrosion resistance properties. The zinc segment is estimated to register the highest CAGR of 8.70% owing to its superior strength, rigidity, durability, excellent finishing capabilities, aesthetic features, and economic castability.


On the basis of process type, the high-pressure die casting segment dominated the global market with a share of 50.07% in 2017 and is likely to register the highest CAGR of 9.04% during the review period. This is attributed to its excellent surface finishing capabilities, better mechanical properties, high production efficiency, excellent dimensional tolerance, and economical both for small or larger volume production.


By application, the structural components segment held the largest market share of 40.14% in 2017 and is expected to reach USD 19,846.0 million. These components are used to replace multiple individual components and hence help reduce the overall weight of the automobile. The growing demand for lightweight vehicles is expected to be a key factor propelling the demand for die casting metals in the manufacturing of structural components.


Global  Share, by Region, 2017 (%) Automotive Metal Die Casting Market


Sources: MRFR Analysis


Regional Analysis


Key Players


The prominent players in the global automotive metal die casting market are Endurance Technologies Limited (India), Rockman Industries Ltd (India), Nemak (Mexico), Sandhar (India), Martinrea International, Inc (Canada), Dynacast (US), Buhler AG (Switzerland), Ryobi Limited (Japan), Shiloh Industries, Inc (US), GF Casting Solutions AG (Switzerland), Minda Corporation Limited (India), Tadir-Gan Group (Israel), PHB Corp. (US), Gibbs (US), and Eco die casting Co., Ltd (China), among others. Some of the key strategies followed by the players operating in the global automotive metal die casting market are expansion, acquisitions, joint ventures, R&D, agreements, and investments.



  • In January 2017, Endurance expanded the production capacity of aluminum die casting components and machining components at its Chennai-based plant by investing USD 1.414 million. The installed capacity was increased from 8,161 million tons to 12,250 million tons. This expansion will help the company to cater to the growing demand from the OEM’s and automotive sector.



  • In August 2017, Rockman planned to set up an aluminum die casting plant in Chittoor, Andhra Pradesh, India, with an investment of USD 8.37 million. This investment will be made over the coming six years. It will help to cater to the increasing demand for aluminum die casting components in the two- and four-wheeler market. The yearly turnover of the new plant is projected to be approximately USD 93 million.



  • In July 2016, Dynacast signed an acquisition agreement with Taurus ’80 (Taurus), a precision zinc die casting company. Taurus is into high-precision conventional zinc die casting and provides die casting components to the major customers in the automotive and hardware industries. This acquisition will help it to expand its zinc casting automotive components portfolio.


Market Segmentation


Global Automotive Metal Die Casting Market, by Metal



  • Aluminum

  • Zinc

  • Magnesium

  • Others


Global Automotive Metal Die Casting Market, by Process Type



  • High-Pressure Die Casting

  • Gravity Die Casting

  • Low-Pressure Die Casting

  • Others


Global Automotive Metal Die Casting Market, by Application



  • Structural Components

  • Engine Parts

  • Transmission Components

  • Others


Global Automotive Metal Die Casting Market, By Region


North America

  • US

  • Canada


Europe

  • Germany

  • France

  • Spain

  • Italy

  • UK

  • Russia

  • Poland

  • Rest of Europe


Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Thailand

  • Rest of Asia-Pacific


Latin America

  • Mexico

  • Brazil

  • Argentina

  • Rest of Latin America


Middle East & Africa

  • Turkey

  • South Africa

  • Egypt

  • GCC

  • Rest of the Middle East and Africa


Available Additional Customizations



  • Company Profiles of Other Key Players



  1. Kkr Metal Components

  2. Neapco

  3. ALPHA METAL INDUSTRIES

  4. Hexie Metal Die Casting Co.,Ltd



  • Automotive Metal Die Casting Market PESTEL Analysis 


Intended Audience



  • Automotive Metal Die Casting Manufacturers

  • Raw Material Suppliers

  • Suppliers and Traders

  • Government, Associations, and Industrial Bodies

  • Investors and Trade experts

  • End Users



Recent Updates:


  • February 2021 : Nantong Jiangzhong Photoelectricity Co. Ltd. Has set up Italpresse gauss TF5700 high pressure die casting machine at its manufacturing unit in Jiangsu province, China. With its 3500 x 3500mm platens, the die casting machine’s closing force of around 5700 tons makes it perfect for production of large automotive components.

  • November 2021 : Handtmann has established its latest production unit in Slovakia. The new unit accommodates around six die casting machines, with each having a closing force of 3,200 t, and can produce complex and large transmission and clutch housings for hybrid vehicles. The unit’s second section will be used for logistics along with support areas including maintenance, media and energy supply, quality inspection, ad more.

  • Jan 2019 - Endurance Overseas Srl. (Italy) has made an acquisition of the complete equity stake in Fonpresmetal Gap SpA (Fonpresmetal). The latter is an aluminum die casting vendor in Italy. Following the acquisition, the Fonpresmetal’s name is now Endurance Castings SpA. As of now, the Endurance Group has nine manufacturing plants, with six of them located in Italy and other three based in Germany.

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Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   8.75%
  Base Year   2020
  Forecast Period   2021-2030
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   metal, process type, application and region
  Geographies Covered    North America, Europe, Asia-Pacific, Latin America and Middle East & Africa
  Key Vendors   Endurance Technologies Limited (India), Rockman Industries Ltd (India), Nemak (Mexico), Sandhar (India), Martinrea International, Inc (Canada), Dynacast (US), Buhler AG (Switzerland), Ryobi Limited (Japan), Shiloh Industries, Inc (US), GF Casting Solutions AG (Switzerland), Minda Corporation Limited (India), Tadir-Gan Group (Israel), PHB Corp. (US), Gibbs (US), and Eco die casting Co., Ltd (China),
  Key Market Opportunities   Automotive die casting also finds applications in electric vehicles (EVs) owing to its lightweight, which is expected to create lucrative opportunities
  Key Market Drivers   There is surging demand for aluminum in the manufacturing of automobile die cast components owing to its lightweight, high performance, recyclability,


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Frequently Asked Questions (FAQ) :

The global automotive metal die casting market can touch USD 46,167.5 million by 2023.

The global automotive metal die casting market can expand at 8.75% CAGR from 2021-2030.

The global automotive metal die casting market is driven by pro-environment regulations specified by federal agencies.

The high-pressure die casting segment can dominate the global automotive die casting market till 2023 at a CAGR of 8.75% from 2021-2030

Buhler AG, PHB Corp. (US), Gibbs, Dynacast, Tadir-Gan Group, GF Casting Solutions AG, Martinrea International, Inc, Eco die casting Co., Ltd, Sandhar, Ryobi Limited, Rockman Industries Ltd, Shiloh Industries, Inc, Minda Corporation Limited, Endurance Technologies Limited, and Nemak are major players of the global automotive metal die casting market.