Market Size of North America Automotive Parts Zinc Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Automotive Parts Zinc Die Casting Market Analysis
The North America Automotive Parts Zinc Die Casting Market is expected to register a CAGR of over 3% during the forecasted period (2020 - 2025).
- Zinc has become one of the most significant metals in the automotive industry, especially for products, like car door lock housing, pawls, retractor gears, and pulleys in seat belt system, and also for the camshaft and sensor components. The usage of zinc die casting in the automotive industry is about 30%.
- The North America automotive parts zinc dies casting market is largely driven by the supply chain complexities in the die casting industry and the expanding automotive market. 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 studied. 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 also 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.
North America Automotive Parts Zinc Die Casting Industry Segmentation
The North America automotive parts zinc die casting market report covers the growing demand and adoption of zinc die castings in the market, demand by production process, application type, geography, and share of major players across the North America region.
| By Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Squeeze Die Casting | |
| Semi-solid Die Casting |
| By Application | |
| Body Assemblies | |
| Engine Parts | |
| Transmission parts | |
| Others |
| Geography | |||||
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North America Automotive Parts Zinc Die Casting Market Size Summary
The North America automotive parts zinc die casting market is experiencing growth driven by the increasing demand for lightweight materials in the automotive industry. Zinc die casting is becoming increasingly significant due to its application in various automotive components such as car door lock housings, seat belt system parts, and camshaft components. The market is influenced by the need to comply with emission standards and improve fuel efficiency, prompting automakers to adopt lightweight non-ferrous metals. Despite being heavier than aluminum, zinc die casting offers cost advantages and superior mechanical properties, making it a preferred choice for certain applications. The rise in electric vehicle sales further propels the market, as these vehicles require more lightweight components to enhance energy efficiency.
North America, particularly the United States, dominates the regional market due to its mature automotive industry, large-scale production, and supportive government initiatives. The market is characterized by intense competition among key players like Dynacast International LLC and Pace Industries, who are focusing on strategic acquisitions and product development to maintain their market positions. While the market faces challenges such as minimal growth in some Central American countries and the impact of COVID-19 on vehicle production, the overall outlook remains positive. The increasing stringency of regulations and a shift in consumer preference towards luxury and environmentally friendly vehicles are expected to drive further growth in the automotive parts zinc die casting market in North America.
North America Automotive Parts Zinc Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's 5 Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Production Process Type
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2.1.1 Pressure Die Casting
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2.1.2 Vacuum Die Casting
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2.1.3 Squeeze Die Casting
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2.1.4 Semi-solid Die Casting
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2.2 By Application
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2.2.1 Body Assemblies
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2.2.2 Engine Parts
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2.2.3 Transmission parts
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2.2.4 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 US
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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North America Automotive Parts Zinc Die Casting Market Size FAQs
What is the current North America Automotive Parts Zinc Die Casting Market size?
The North America 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 North America Automotive Parts Zinc Die Casting Market?
Dynacast International LLC, Pace Industries, Northwest Die Casting LLC, Texas Die Casting and Gibbs Die Casting are the major companies operating in the North America Automotive Parts Zinc Die Casting Market.
