Market Size of United States Automotive Parts Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Automotive Parts Die Casting Market Analysis
The United States automotive parts Die-Casting market for automobiles has matured and is witnessing steady growth over the past couple of years. Though affected by the economic crisis and government tax policies that affected the small firms, as a whole, the regional market continues to dominate the global market, with the growing automobile industry in the country.
- The market studied is largely driven by supply chain complexities in the die casting industry, the expanding automotive market, increasing penetration of die casting parts in industrial machinery, the growing constructional sector, and employing aluminum casts in electrical and electronics.
- The CAFÉ standards and EPA policies to cut down automobile emissions and increase fuel efficiency are driving the automakers to reduce weight of the automobile by employing lightweight non-ferrous metals. Subsequently, employing die-cast parts as a weight reduction strategy is acting as a major driver for the former market in automotive segment.
- However, crunch in raw material supply, volatility in raw material prices, and environmental regulations on emission for the metallurgy industries are acting as major barriers for the market growth.
- However, with the outbreak of coronavirus during 2020, the whole supply chain of automotive industry was impacted very badly. The OEMs are struggling to keep their operations going, as the forced lockdown impacted their cash positions very badly. In the demand side, the end consumers are also fighting hard to manage their finances, as the pandemic resulted in job losses.
US Automotive Parts Die Casting Industry Segmentation
The United States automotive parts die casting market report contains the latest trends and technological developments in the market and is segmented by Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Others), and By Raw Material (Aluminum, Magnesium, and Zinc).
| By Process | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Squeeze Die Casting | |
| Others |
| By Raw Material | |
| Aluminium | |
| Magnesium | |
| Zinc |
United States Automotive Parts Die Casting Market Size Summary
The United States automotive parts die casting market has reached a mature stage, exhibiting consistent growth despite challenges such as economic downturns and regulatory impacts on smaller firms. The market remains a leader globally, bolstered by the expanding automotive sector and the increasing use of die casting in industrial machinery and construction. The push for reduced vehicle weight through lightweight non-ferrous metals, driven by CAFÉ standards and EPA policies, has significantly propelled the demand for die-cast parts in the automotive industry. However, the market faces obstacles like raw material supply issues, price volatility, and stringent environmental regulations affecting metallurgy industries. The COVID-19 pandemic severely disrupted the automotive supply chain, impacting both OEMs and consumers financially.
The die casting industry is characterized by sophisticated technology and high initial costs, particularly in tooling and engineering, which can deter investment despite the long-term benefits. Advances in automation and energy-efficient systems, such as those implemented by Empire Die Casting, have enhanced productivity and sustainability, contributing to market growth. Major players like Nemak, Georg Fischer Automotive, and Ryobi Die Casting hold significant global market shares, focusing on R&D to improve production processes and expand their global presence through strategic partnerships and acquisitions. These efforts aim to meet the rising demand for high-quality die-cast components in the automotive, industrial, and electronics sectors.
United States Automotive Parts Die Casting Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Value Chain / Supply Chain Analysis
-
1.5 Porters 5 Force Analysis
-
1.5.1 Threat of New Entrants
-
1.5.2 Bargaining Power of Buyers/Consumers
-
1.5.3 Bargaining Power of Suppliers
-
1.5.4 Threat of Substitute Products
-
1.5.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Process
-
2.1.1 Pressure Die Casting
-
2.1.2 Vacuum Die Casting
-
2.1.3 Squeeze Die Casting
-
2.1.4 Others
-
-
2.2 By Raw Material
-
2.2.1 Aluminium
-
2.2.2 Magnesium
-
2.2.3 Zinc
-
-
United States Automotive Parts Die Casting Market Size FAQs
What is the current United States Automotive Parts Die Casting Market size?
The United States Automotive Parts Die Casting Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in United States Automotive Parts Die Casting Market?
Nemak, Rheinmetall Automotive AG, Ryobi Die Casting Inc, GF Casting Solutions and Shiloh Industries are the major companies operating in the United States Automotive Parts Die Casting Market.
