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Automotive Parts Aluminum Die Casting Market - Growth, Trends, and Forecast (2019 - 2024)

The Automotive Parts Aluminum Die Casting Market is segmented by Production Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Semisolid Die Casting), Application Type (Body Parts, Engine Parts, Transmission Parts, and Other Application Types), and Geography.

Market Snapshot

Global Automotive Parts Aluminum Die Casting Market
Study Period:

2017-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The automotive parts aluminum die casting market (henceforth, referred to as the market studied) is expected to reach a value of USD 59,741.23 million in 2024, projecting a CAGR of 7.69%, during the forecast period.

  • The market studied is largely driven by supply chain complexities in the die casting industry, expanding automotive market, increasing penetration of die casting parts within the current automotive industry, and future use of aluminum casts in electric vehicles.
  • CAFE standards and EPA policies, to cut down the automobile emissions and increase the fuel efficiency, are driving the automobile manufacturers to reduce weight of the automobile, by using lightweight non-ferrous metals. Subsequently, use of die cast parts as a weight reduction strategy is acting as a major driver for the market studied.
  • Rules imposed by the OSHA and initiatives by the NADCA to improve the technical workforce in the die casting industry are expected to improve the overall production of the market studied.
  • The automobile industry is highly dependent on the Environmental Protection Agency (EPA) regulations, owing to the high emissions of the automotive units. The move by the EPA to raise the mile per gallons (mpg) standards to 35.5 mpg by 2016, and then to 54.5 mpg by 2025, has actually helped the die casting industry, as the automotive industry concluded that the only way to get to those mileage standards is by manufacturing lightweight vehicles. Use of aluminum, specifically aluminum die casting, in many of the power train and engine areas, is one important way to achieve this. This is one of the major reasons for the predicted growth of the industry in the area of structural die-casting.

However, volatility of aluminum prices, due to sanctions and trade wars between countries, and the increasing employment of zinc die casting are acting as major hindrances for the growth of the market studied.

Scope of the Report

The automotive parts aluminum die casting market has been segmented by the production process into pressure die casting, vacuum die casting, squeeze die casting, and semisolid die casting. The pressure die casting segment is further segmented into low-pressure die casting and high-pressure die casting.

By Production Process
Pressure Die Casting
Vacuum Die Casting
Squeeze Die Casting
Semisolid Die Casting
By Application Type
Body Parts
Engine Parts
Transmission Parts
Other Application Types
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Brazil
South Africa
Argentina
Saudi Arabia
United Arab Emirates
Other Countries

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Key Market Trends

Vacuum Die Casting Segment is Expected to Witness the Fastest Growth Rate

The vacuum die casting segment of the market studied was valued at USD 5,537.94 in 2018, and it is expected to witness a CAGR of 8.90%, during the forecast period.

There have been significant developments and improvements in the conventional die casting process. Currently, the ultra-high-vacuum die casting process is applied for producing large and thin component parts, such as space-frames and pillars, which are usually welded to automobile chassis.

Electrical and hydraulic components in an automobile, work simultaneously. Reliability and quality are given prime importance in transmission parts. The transmission system in an automobile is a complex combination of mechanical functions. It is prone to extreme conditions and environments. This enhances the importance of integrity. Valve bodies, stators, and clutch pistons are some of the commonly die casted transmission parts in the automotive industry.

It has been accepted that, ultra-vacuum die casting produces better weldable automotive products than most of the die casting processes. However, products produced in this process are large and require huge-sized die casting machine, like 2,500-4,000 metric ton of die clamping force. This impacted the popularity of the ultra-high-vacuum die casting process among OEMs and large die casters.

However, vacuum die casting production process eliminates the air from the mold and allows the front of molten metal to merge freely without forming any shuts or pores, which is a major issue in pressure die casting process.

A sudden shift from pressure die casting to vacuum may not be possible, due to the higher productivity and ease of manufacture of the automotive die casting parts, which employ pressure die casting method. However, this change is gradual and expected to continue to increase, during the forecast period.

Vacuum Die Casting Market Revenue

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The Asia-Pacific Region Dominated the Automotive Parts Aluminum Die Casting Market, and is Expected to Witness the Fastest Growth Rate

The Asia-Pacific region dominated the market studied and accounted for 47.18% market share in 2018, and it is also expected to witness the fastest growth rate during the forecast period.

In Asia-Pacific, China dominated the market studied in 2018, followed by Japan and India. In 2016, the country registered more than 26,000 metal casting plants. The Chinese automotive industry accounted for 27.3% of the total demand for castings in the country. The Chinese economy is growing and the disposable income of the middle-class consumers is also increasing. This, in turn, reflects positively on the growing demand for vehicles. Over the past five years, owing to the low production costs in the country, the demand for vehicle production has gone up drastically. In 2017, 24,961,948 units of passenger vehicles were sold in China, compared to 24,376,902 units in 2016. The increased sales of vehicles in the country are expected to drive the market growth.

However, in 2018, the country witnessed a decline in vehicle sales by 3%, owing to the trade tensions and shaky consumer confidence. Additionally, industry experts predict a further decline by 5% in vehicles sales in 2019. However, with the rise in demand for electric vehicles in the country, the demand for aluminum die casted parts is expected to increase in the coming years.

Regional

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Competitive Landscape

The automotive parts aluminum die casting market is fragmented, as major players, like Martinrea Honsel, Rheinmetall Automotive, Shiloh Industries, GF Casting Solutions, Ryobi Die Casting Inc., and Nemak, captured less than 30% of the market share in 2018.

 

Expansion of business segments and manufacturing plants, joint ventures with local manufacturers in key geographies, and mergers and acquisitions are the key strategies adopted in the market studied.

Major Players

  1. Nemak
  2. Ryobi Die Casting
  3. Martinrea Honsel
  4. Rheinmetall Automotive
  5. George Fischer

* Complete list of players covered available in the table of contents below

Competitive Landscape

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Technology Trends

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Production Process

      1. 5.1.1 Pressure Die Casting

      2. 5.1.2 Vacuum Die Casting

      3. 5.1.3 Squeeze Die Casting

      4. 5.1.4 Semisolid Die Casting

    2. 5.2 By Application Type

      1. 5.2.1 Body Parts

      2. 5.2.2 Engine Parts

      3. 5.2.3 Transmission Parts

      4. 5.2.4 Other Application Types

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Australia

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Argentina

        4. 5.3.4.4 Saudi Arabia

        5. 5.3.4.5 United Arab Emirates

        6. 5.3.4.6 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Mergers and Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 Georg Fischer Limited

      2. 6.3.2 Nemak

      3. 6.3.3 Endurance Group

      4. 6.3.4 Teksid SPA

      5. 6.3.5 Shiloh Industries

      6. 6.3.6 Dynacast (Form Technologies Inc.)

      7. 6.3.7 Martinrea Honsel

      8. 6.3.8 Pace Industries

      9. 6.3.9 Rheinmetall AG (Rheinmetall Automotive, formerly KSPG AG)

      10. 6.3.10 Ryobi Die Casting Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

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