Die Casting Market - Segmented by Production Process, Application, Raw Material, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Die Casting Market - Segmented by Production Process, Application, Raw Material, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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In 2017, the global die casting market was valued at USD 62.87 billion, which is projected to reach a value of USD 93.87 billion by 2023. The market is poised to register a CAGR of over 6.93% during 2018-2023 (the forecast period).

Rules levied by OSHA and initiatives by NADCA, to improve the technical workforce, are expected to improve the overall production of the die casting market. NADCA is working with several community colleges in the United States to create a die casting farm system. This initiative was undertaken because of the increased automation requirement and the growing demand for highly skilled workforce.

The automobile industry is highly dependent on the Environmental Protection Agency (EPA) regulations, owing to the high emissions of automotive units. The step by the EPA, to raise the mile per gallons standards to 35.5 mpg by 2016 and then 54.5 mpg by 2025, has actually accelerated the die casting industry, as the auto industry concluded that the only way it can get to those mileage standards is by reducing the weight of the vehicles. Aluminum die castings, in many of the power train and engine areas, is the one important way in which the industry can achieve this. This, in turn, is likely to fuel up the industry growth, in the area of structural die castings.

Increase in Automation in the Die Casting Industry has seen a Surge in Productivity

The die casting market has attracted the automotive industry, which is looking for highly durable die cast parts. Industrial machinery and piping manufacturers are increasingly employing die casting, since the past few years. The aerospace and defense industry is using die cast parts, increasingly. Increased automation in the die casting industry has spiked the productivity and, in turn, is attracting the attention of the automotive and other industrial manufacturers toward highly durable die casting parts. Employment of die castings in the industrial machinery and piping is on the rise since the past couple of years. Employing stronger aluminum components in agriculture and medical devices has also witnessed an increase.

Asia-Pacific is the largest market for die casting, which globally accounted for over 58% share in 2017. Further growth is imminent in the Asia-Pacific magnesium alloy die casting market for many new start-up companies because of an increasing preference of end users toward lower production costs. Established companies are posing a great challenge in terms of technological, reliability, and quality issues, which is leading to mergers and acquisition signed between smaller and established companies.

                                      Die Casting Market


                                     Source: Mordor Intelligence Analysis

Technological Advancements and Innovation

Technological advancements in die casting revolves around high-tech requirements of the automotive and machinery industries. Over the past decade, major innovations have happened in power, transmission, body, steering, architecture, and instrumentation sectors. There have been advancements pertaining to the safety measures as well. Usage of non-ferrous metals in near net shape cast parts are one such heavily adopted application, wherein focus is given on fine details, involving surface conditions, complex shapes, and economy.

Die casting has become a preferred option for the machinery industries, as it can be utilized when there is a requirement in large quantities. Optimum casting techniques, along with best feature of design, help the industry save production costs. Through innovation in product and technology, the usability of die casting industry is increasing, which is further limiting the metal wastage and rejection rate. As a result of all these factors, non-ferrous die casting applications continue to draw the interest of designers.

Key Developments in the Market

  • August 2017: Georg Fischer Automotive AG  acquired Eucasting Ro, a high-pressure aluminum die casting specialist with two production sites in Romania.

Major Players – Empire Die Casting Company, Ryobi Die Casting Inc., Dynacast, Endurance Group, Sigma Electric Manufacturing Corp., and Georg Fischer Limited, among others

Reasons to Purchase the Report

  • Various perspectives of the market with the help of Porter’s five forces analysis
  • The product type that is expected to dominate the market
  • The regions that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

            1.1 Study Deliverables

            1.2 General Study Assumptions

2. Research Methodology

            2.1 Introduction

            2.2 Analysis Methodology

            2.3 Study Phases

            2.4 Econometric Modelling

3. Executive Summary

4. Key Findings of the Study

5. Market Overview and Trends

            5.1 Introduction

            5.2 New Developments in R&D/ Latest Technologies

            5.3 Value Chain Analysis

            5.4 Porter's Five Forces Analysis

                        5.4.1 Threat of New Entrants

                        5.4.2 Bargaining Power of Buyers

                        5.4.3 Bargaining Power of Suppliers

                        5.4.4 Threat of Substitute Products or Services

                        5.4.5 Intensity of Competitive Rivalry

6. Market Dynamics

            6.1 Drivers

                        6.1.1 Stringent EPA Regulations and Cafe Standards

                        6.1.2 Demand from the Commercial Vehicle Segment in Europe

                        6.1.3 Technological Advancements and Innovation

            6.2 Restraints

                        6.2.1 Cost Issues and Resource Inefficiencies

                        6.2.2 Economic Sluggishness and Socio-economic Concerns in Europe

                        6.2.3 Outsourcing to APAC Countries

                        6.2.4 Other Notable Barriers for the Market

            6.3 Opportunities

                        6.3.1 Recovery of the European Automobile Market

                        6.3.2 Demand from the Electric Vehicle Segment

                        6.3.3 Focus on R&D through Technological Innovation

                        6.3.4 Other Propellants for the Market

7. Global Die Casting Market Segmentation, by Production Process Type

            7.1 Pressure Die Casting

            7.2 Vacuum Die Casting

            7.3 Squeeze Die Casting

            7.4 Others

8. Global Die Casting Market Segmentation, by Application Type

            8.1 Automotive

            8.2 Electrical & Electronics

            8.3 Industrial Applications

            8.4 Others

9. Global Die Casting Market Segmentation, by Raw Material Type

            9.1 Aluminum

            9.2 Magnesium

            9.3 Zinc

            9.4 Others

10. Global Die Casting Market Segmentation, by Geography

            10.1 North America

                        10.1.1 United States

                        10.1.2 Canada

                        10.1.3 Others

            10.2 Europe

                        10.2.1 United Kingdom

                        10.2.2 France

                        10.2.3 Germany

                        10.2.4 Russia

                        10.2.5 Italy

                        10.2.6 Others

            10.3 Asia-Pacific

                        10.3.1 India

                        10.3.2 China

                        10.3.3 Japan

                        10.3.4 South Korea

                        10.3.5 Australia

                        10.3.6 Others

            10.4 Latin America

                        10.4.1 Brazil

                        10.4.2 Argentina

                        10.4.3 Mexico

                        10.4.4 Others

            10.5 Africa & Middle East

                        10.5.1 South Africa

                        10.5.2 UAE

                        10.5.3 Others

11. Competitive Landscape

            11.1 Market Share Analysis

            11.2 Strategies and New Product Developments by Leading Players

12. Company Profiles

            12.1 Empire Die Casting Company

            12.2 Nemak

            12.3 Ryobi Die Casting Inc.

            12.4 Sandhar Technologies Ltd

            12.5 Kspg AG

            12.6 Grupo Antolin-Irausa, SA

            12.7 Koch Enterprises (Gibbs Die Casting Group)

            12.8 Dynacast

            12.9 Sundaram – Clayton

            12.10 Pace Industries

            12.11 Endurance Group

            12.12 Interplex Holdings Ltd

            12.13 Shiloh Industries

            12.14 Sigma Electric Manufacturing Corp.

            12.15 Engtek Group

            12.16 Lorom Industries:

            12.17 Alcoa Inc.

            12.18 Faist Group

            12.19 Brillcast Manufacturing

            12.20 Georg Fischer Limited

            12.21 Trimet Aluminum AG

            12.22 Meridian Light Weight Technologies

            12.23 Montupet SA

            12.24 Rockman Industries

13. Future of the Market

14. Disclaimer


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