Enjoy complimentary customisation on priority with our Enterprise License!
Automotive manufacturers are encouraged to use lightweight metals for producing parts of an automobile due to various government regulations related to vehicle emission standards. Technavio’s market research report identifies that the increasing demand for lightweight vehicles to reduce CO2 emissions will be one of the primary growth drivers for the global die casting market till 2021. The automotive industry is focusing on the production of lightweight complex cast parts. These vehicles involve low production cost, less fuel consumption, and low carbon emissions. They also compensate for the increased weight of electric batteries and additional drive elements in electric or hybrid vehicles. As a result, the demand for new aluminum die cast components and aluminum die cast machinery will increase, which in turn, will propel growth in the aluminum die casting market. Consequently, the need die casting process will also increase. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 5% by 2021.
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
The introduction of simulation-based castings is one of the key trends that will drive the growth prospects for the global die casting market in the forthcoming years. The simulation-based casting process is used to produce components that are cost-effective, have high-precision, and reliable. This casting process involves various benefits such as it ensures an easy and accurate fault detection. It also reduces the shop floor time and increases the casting yield.
The die casting market is majorly concentrated due to the presence of international players. Local players find it difficult to compete against transnational vendors in terms of services, quality, features, and functionalities. The introduction of products with innovative technologies and features will strengthen the competitive environment of the market. They are also adopting the trend for automation of the casting process.
Key vendors in this market are -
Other prominent vendors in the market include Alcast Technologies, Arconic, Brantingham Manufacturing (BMF), Cast-Rite, Consolidated Metco, Diecasting Solutions, Endurance Technologies, Georg Fischer, Gibbs Die Casting, GIS, Global Autotech, Gnutti Carlo, Hitachi Metals, JPM Group, Kurt Die Casting, Lakeshore Die Cast, Leggett & Platt, Linamar, Martinrea Honsel, MCL (MINDA), Meridian Lightweight Technologies, Montupet, Nemak, Newcast Die Casting, Pace Industries, QINGDAO TIAN HUA YI HE FOUNDRY FACTORY, Rane Holdings, Rockman Industries, Ryobi Die Casting, Samvardhana Motherson Group, Sandhar Technologies, Shiloh Industries, Sundaram Clayton, Texas Die Casting, Trident Components, TRIMET Aluminium, UCAL Fuel System, and VANAZ ENGINEERS.
Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo
The automotive industry includes passenger cars, light commercial vehicles (LCVs), trucks, and buses. The die casting process is highly used in the automotive industry. Die casting parts in the automotive industry offer enhanced uniformity, surface finish, and dimensional accuracy. The automotive industry use die casting machine to manufacture components such as engine, stator, brackets, electronic covers, and others (heat sink and auto fork). The increasing demand for vehicles will boost the need for die casting in this segment.
The growth in the automotive industry in APAC is driving the market for die casting. The lightweight automobile production is extensively carried out in APAC, especially in China, Japan, and India. The automotive manufacturers in the region are benefited by the emergence of automation technology in casting because it has enhanced the productivity level significantly.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.