Italy Automotive Parts Zinc Die Casting Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Italy Automotive Parts Zinc Die Casting Market Analysis
The Italy automotive parts zinc die casting market is anticipated to register a CAGR of over 3 %, during the forecast period (2020 - 2025).
- The usage of zinc die casting is almost 28% in the automotive industry, for applications, like inertia disks, retractor gears, etc., followed by the building and hardware sectors. Along with merits, like resistance, versatility, toughness, and low cost, zinc die casting produces low-level emissions in air and water.
- In order to reduce automobile emissions and increase fuel efficiency, CAFÉ standards and EPA policies are driving the automakers to reduce the weight of the automobile, by employing lightweight non-ferrous metals. Employing die-cast parts as a weight reduction strategy is a major driver for the automotive segment of the market. Although heavier than aluminum, the lower cost of these parts and higher intricacy allowance make them more suitable in certain applications.
- As compared to other die casting parts, zinc die casting parts are usually equipped with better mechanical properties, like toughness, and offer higher surface finish and lower thermal shock during casting (as a result of their lower operating temperature).
- The market witnesses opportunities in the form of the increasing electric vehicle sales, which require higher density of lightweight components. Major companies, like Dynacast, are focusing on identifying affordable raw materials and alloys that offer better durability.
Italy Automotive Parts Zinc Die Casting Market Trends
This section covers the major market trends shaping the Italy Automotive Parts Zinc Die Casting Market according to our research experts:
Rising Demand for Vacuum Die Casting and Enactment of Stringent Emission Regulations
Globally, countries have formulated stringent emission norms to cater to the cause of reducing global warming. Efforts are being made by governments worldwide, to minimize the negative effects of global warming and reduce the carbon footprint.
The European Union introduced the Euro VI norms in 2014, according to which, nitrogen oxide emissions must be below 0.4g/KWh and particulate emissions must be below 0.01g/KWh.
Earlier, pressure die casting was the majorly employed production process. However, the vacuum die casting process has been gaining popularity over the past couple of years, due to its better welding characteristics, higher mechanical strength, and lower gas porosity.
Passenger Vehicle Sales Driving Growth
Despite of a decline in demand for a couple of years in the region, owing to the factors such as the socio-political situation in the country, the Brexit deal and uncertainty over future environmental regulation, the Italy passenger vehicle market still remains important market in the European Union. The market is well diverse with several different models available for end users with different fuel types.
Die casters in Italy now focusing on sourcing for better technologies to improve and enhance the quality of the castings. Further, the country's foundry industry is being recognized and endorsed by foreign enterprises resulting in a full swing development of foreign trade. All these factors together are expected to maintain a steady growth in the power train parts aluminum die casting market in Italy.
Italy Automotive Parts Zinc Die Casting Industry Overview
The automotive parts zinc die casting market is majorly dominated by few players Dynacast, Brillcast Manufacturing LLC, Pace Industries, Sandhar Technologies Ltd, Ashok Minda Group, and Kemlows Die Casting Products Ltd, among others.
The companies are focusing on providing the best quality products to the customers, by investing in R&D projects and conducting certification programs. For instance, Sandhar Technologies Ltd objective is to be the leader in its chosen products and processes, be the trusted partner in the growth of the stakeholders, offer competitive prices to the customers through technical innovations and process standardization, have a strong R&D base to ensure high quality, provide services that enhance customer satisfaction, create benchmarks for all sets of industries, and be a socially accountable organization.
Italy Automotive Parts Zinc Die Casting Market Leaders
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Ashok Minda Group
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Pace Industries
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Dynacast
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Brillcast Manufacturing LLc
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Sandhar Technologies Ltd.
*Disclaimer: Major Players sorted in no particular order
Italy Automotive Parts Zinc Die Casting Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Production Process Type
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5.1.1 Pressure Die Casting
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5.1.2 Vacuum Die Casting
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5.1.3 Others
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5.2 Application Type
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5.2.1 Engine Parts
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5.2.2 Transmission Components
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5.2.3 Body Parts
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5.2.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Company Profiles
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6.2.1 Ashok Minda Group
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6.2.2 Pace Industries
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6.2.3 Dynacast
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6.2.4 Brillcast Manufacturing LLC
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6.2.5 Sandhar Technologies Ltd.
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6.2.6 Continental Castings LLC
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6.2.7 Dart Castings Inc.
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6.2.8 Chamundi Die Cast Pvt. Ltd.
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6.2.9 Carteret Die Casting Corporation
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6.2.10 AMT
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Italy Automotive Parts Zinc Die Casting Industry Segmentation
The Automotive Parts Zinc Die Casting Market is Segmented by Production Process Type (Pressure Die Casting, Vacuum Die Casting, and Other Production Process Types), Application Type (Body Assemblies, Engine Parts, Transmission Parts, and Other Application Types). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
| Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Others |
| Application Type | |
| Engine Parts | |
| Transmission Components | |
| Body Parts | |
| Others |
Italy Automotive Parts Zinc Die Casting Market Research FAQs
What is the current Italy Automotive Parts Zinc Die Casting Market size?
The Italy Automotive Parts Zinc Die Casting Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Italy Automotive Parts Zinc Die Casting Market?
Ashok Minda Group, Pace Industries, Dynacast, Brillcast Manufacturing LLc and Sandhar Technologies Ltd. are the major companies operating in the Italy Automotive Parts Zinc Die Casting Market.
What years does this Italy Automotive Parts Zinc Die Casting Market cover?
The report covers the Italy Automotive Parts Zinc Die Casting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Automotive Parts Zinc Die Casting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Automotive Parts Zinc Die Casting Industry Report
Statistics for the 2024 Italy Automotive Parts Zinc Die Casting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Automotive Parts Zinc Die Casting analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
