North America Automotive Parts Die Casting Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Automotive Parts Die Casting Market Analysis
The North America Automotive Parts Die Casting Market is projected to grow with a CAGR of more than 6 % during the forecast period.
- North America is second largest automotive market after Asia-Pacific region. Because of the ongoing trade tensions between two major economies United States and China, there is a slowdown in growth and demand for automobiles all around the world, the situation got more troubling for the automotive players after the rise of COVID-19 pandemic around the world. However, the situation is expected to become normal in the second half of 2021 and the demand is expected to rise again.
- However, because of the ongoing trade war between United States and China, the economy is expected to be heading towards a recession and the automobile sales are expected to witness a downfall for a couple of years until the end of trade tensions.
- With the increase in adoption of light weight ferrous materials to reduce the weight of automobile, majorly driven by the stringent policies imposed by CAFÉ standards to cut emission and increase fuel efficiency of the vehicle is driving growth in the market.
- Rules imposed by OSHA and NADCA policies to improve the technical workforce are expected to improve production standards in the die casting industry.
North America Automotive Parts Die Casting Market Trends
This section covers the major market trends shaping the North America Automotive Parts Die Casting Market according to our research experts:
Magnesium Die Casting Grows with Highest CAGR
Owing to the availability of magnesium in the region along with its properties such as light in weight and most pliable metal, use of magnesium die casting is increasing with a very high rate. In 2018, United States became third largest producer globally, of Magnesium with production around 50,000 tonnes.
The automobile manufacturers are using light weight components for vehicles in engine as well as other body parts to reduce the overall weight of the vehicle and increase the fuel efficiency to attract more demand. The demand for pressure die-castings made from magnesium alloys is growing as they for natural reasons have a relatively low self-weight, can be formed into complex parts and manufactured at relatively low costs
Magnesium alloys can form a great shield against electromagnetic and radio interference, despite their high conductive qualities. For this reason, Magnesium alloy products, are used frequently in EMI shielding in vehicle parts.
United States Captures the Largest Market in 2019
During the year 2019, the automobiles sales in the United States witnessed a slight growth but crossed the 17 million mark with a total sale of passenger and commercial vehicles to 17.5 million.
With the presence of several major OEMs and component manufacturers in the country, and their spending towards research and development of innovative die casting processes and materials to reduce the overall weight of the vehicle and increase the fuel efficiency is driving growth for the industry. For instance, in February 2020, Tesla invents new aluminum alloy for die casting electric car parts, the new alloy can maintain high-yield strength and high conductivity.
Owing to the increasing demand for automobiles in the country as well as globally as the country is a major exporter of automobiles to several parts of the world. the major players in the region are investing in expanding their production capacities to meet the demand.
For instance, in January 2020, Mitsui Kinzoku Die-Casting Technology America, Inc., will build a USD 20 million manufacturing facility in Georgia.
North America Automotive Parts Die Casting Industry Overview
The North America Automotive Parts Die Casting Market is fragmented, with many players accounting for a small market share. Some of the prominent companies in North America Automotive Parts Die Casting Market are Rhienmetall AG, RYOBI Die Casting, Martinrea Honsel, KSM Casting and others. The major players in the country are entering into strategic partnership with global leaders to gain considerable market share.
For instance,
In September 2019, Largest global manufacturer of medium-and heavy-duty fully automatic transmissions Allison Transmission Holdings Inc has acquired Walker Die Casting and C&R Tool and Engineering in a deal worth approximately USD 103 million
In May 2019, Sundaram Clayton Limited has inaugurated its first oversees facility in United States with an investment of INR 630 Crore. With a capacity of 1000 tonnes of casting for the first year which can be scaled up to 10,000 tonnes in the five years, the plant will manufacture a range of high-pressure die cast and gravity die cast parts.
In July 2019, 2a SPA USA invested USD 15 million to expand its aluminum foundry in Auburn in eastern Alabama. With this expansion 2a USA will double the Auburn facility's current die-casting area.
North America Automotive Parts Die Casting Market Leaders
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Rheinmetall AG
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Ryobi Die Casting
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Martinrea Honsel
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KSM Castings
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Nemak
*Disclaimer: Major Players sorted in no particular order
North America Automotive Parts 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
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5.1.1 Pressure Die Casting
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5.1.2 Vaccum Die Casting
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5.1.3 Squeeze Die Casting
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5.1.4 Semi-Solid Die Casting
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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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5.3 Material Type
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5.3.1 Aluminum
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5.3.2 Zinc
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5.3.3 Magnesium
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5.3.4 Others
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6. Geography
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6.1 North America
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6.1.1 United States
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6.1.2 Canada
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6.1.3 Rest of North America
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7. COMPETITIVE LANDSCAPE
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7.1 Vendor Market Share
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7.2 Company Profiles
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7.2.1 Rheinmetall AG
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7.2.2 Ryobi Die Casting
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7.2.3 Martinrea Honsel
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7.2.4 KSM Castings
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7.2.5 Nemak
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7.2.6 ALBERT HANDTMANN METALLGUSSWERK GMBH & CO. KG
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7.2.7 SAINT JEAN INDUSTRIES
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7.2.8 DYNACAST
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7.2.9 EMPIRE DIE CASTING COMPANY
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7.2.10 GRUPO ANTOLIN-IRAUSA, S.A.
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Automotive Parts Die Casting Industry Segmentation
The North America Automotive Parts Die Casting Market report covers a detailed study on the latest trends and innovations in the market which is segmented by is Segmented by Production Process (Pressure Die Casting, Vaccum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting), Application Type (Engine Parts, Transmission Components, Body Parts and Others), by Material Type (Aluminum, Zinc, Magnesium and Others ), and Country. Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
| Production Process | |
| Pressure Die Casting | |
| Vaccum Die Casting | |
| Squeeze Die Casting | |
| Semi-Solid Die Casting |
| Application Type | |
| Engine Parts | |
| Transmission Components | |
| Body Parts | |
| Others |
| Material Type | |
| Aluminum | |
| Zinc | |
| Magnesium | |
| Others |
North America Automotive Parts Die Casting Market Research FAQs
What is the current North America Automotive Parts Die Casting Market size?
The North America Automotive Parts Die Casting Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in North America Automotive Parts Die Casting Market?
Rheinmetall AG, Ryobi Die Casting, Martinrea Honsel, KSM Castings and Nemak are the major companies operating in the North America Automotive Parts Die Casting Market.
What years does this North America Automotive Parts Die Casting Market cover?
The report covers the North America Automotive Parts Die Casting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Automotive Parts Die Casting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Automotive Parts Die Casting Industry Report
Statistics for the 2024 North America Automotive Parts Die Casting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Automotive Parts 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.
