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The High Pressure Die Casting Market is segmented by Raw Material (Aluminum, Zinc, and Magnesium), Application (Automotive, Electrical and Electronics, Industrial Applications, and Other Applications), and Geography.
Fastest Growing Market:
The high pressure die casting market is estimated to register a CAGR of 6.36% during the forecast period, 2020-2025.
High pressure die castings (HPDCs) are light-weight alternative components, which are molds made from forcing molten metals at high speed and pressure. The casting of molten metals allows the multi-piece structures to become a single piece, aluminum or zinc castings, performing the same task with less mass and variability. The high pressure die casting market study has been segmented by raw material, application, and geography.
|Raw Material Type|
|Electrical and Electronics|
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The automotive segment of the global market is expected to witness the fastest growth rate during the forecast period. Traditionally, conventional and high-tensile steel constituted a majority of share in the automotive parts.
Employment of non-ferrous die casts in engine, body-in-white, chassis, steering parts, etc., has witnessed considerable growth, over the past five years. In the present scenario, nearly 30%-35% of the auto components in a vehicle are made of aluminum alloys, which are mostly developed using high pressure die casting process, due to its higher output volumes and immense flexibility in component designing.
All regions across the world have been consistently working toward enacting regulations for reducing emissions and improving fuel economy, which in turn, is driving the market for aluminum high pressure die casted parts in the automotive industry. This led to an outlay in the modernization of vehicles and encouraged automobile manufacturers to exert aluminum high pressure die casted parts for manufacturing of light-weight vehicles.
Additionally, adoption of electrification, not only in the passenger car segment, but also in the commercial vehicle, has been increasing over the past few years and may continue to increase during the forecast period. For instance:
Some of the auto parts have been designed by zinc high pressure die casting (HPDC), where safety, corrosion resistant, and stability are the most required functionalities. Belt pretentioners, spark plug heads, housing of many starter motors, modern door locks, and door handles are some of the automotive application areas that prefer zinc HPDC parts. The adoption of zinc HPDC in automobiles may continue to increase during the forecast period, owing to the ongoing developments toward launching autonomous vehicles in the market, with driver’s and passenger’s safety as the main criteria for autonomous driving.
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In 2019, the Asia-Pacific region dominated the global market and is also expected to witness the fastest growth rate during the forecast period. In the Asia-Pacific region, China is expected to dominate the regional market.
China is one of the major producers of die casting parts, and accounts for more than 64% of the regional (Asia-Pacific) die casting market share. The metal casting industry in China has more than 26,000 facilities, out of which 8,000 facilities produce non-ferrous castings. China produces over 49.3 million metric ton of castings.
Japan is the fourth largest producer of castings in the world. The number of metal casting foundries in Japan increased to 2,159. in Japan, the total casting production volume reached 5,490 thousand ton, with a production rate of 2,543 ton of castings per foundry. In 2016, the Japanese foundries manufactured over 1,380,570 metric ton of aluminum castings and 23,530 metric ton of zinc castings. Growing automobile industry, stabilizing industrial sector, consumer popularity for fuel-efficient vehicles, and latest advancements in die casting techniques are expected to drive the growth of the Japanese high-pressure die casting market.
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The high pressure die casting market is highly fragmented with the presence of many regional and international players across the globe. The competition in the market has increased as many small and medium scale players from the developing countries entered and expanded their business in the market over past three years.
Major recognized players, such as Nemak, Georg Fischer Automotive, Ryobi Die casting, Rheinmetall AG, Form Technologies Inc. (Dynacast), and Shiloh Industries together accounted to over 16% of the overall global market share.
Koch Enterprises (Gibbs Die Casting Group), Linamar Corporation, Bocar Group, Endurance Group, Sandhar technologies, Sundaram Clayton Ltd. and Rockman Industries are few other key players in the market.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Raw Material Type
5.2.2 Electrical and Electronics
5.2.3 Industrial Applications
5.2.4 Other Applications
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.4 Rest of the World
188.8.131.52 South Africa
184.108.40.206 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Dynacast (Form Technologies Inc.)
6.2.2 Nemak SAB De CV
6.2.3 Endurance Group
6.2.4 Sundaram - Clayton Ltd
6.2.5 Shiloh Industries Ltd
6.2.6 Georg Fischer AG
6.2.7 Koch Enterprises Inc. (Gibbs Die Casting Group)
6.2.8 Engtek Group
6.2.9 Officine Meccaniche Rezzatesi SPA
6.2.10 Rheinmetall AG (Rheinmetall Automotive, formerly KSPG AG)
6.2.11 Rockman Industries
6.2.12 Ryobi Die Casting Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability