Overview of the global die casting market
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.
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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.
Competitive landscape and key vendors
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 -
- Alcoa
- Dynacast
- Precision Castparts
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.
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Segmentation by end-user and analysis of the die casting market
- Automotive sector
- Industrial machinery sector
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.
Segmentation by geography and analysis of the die casting market
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.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global die casting market?
- What are the key market trends impacting the growth of the global die casting market?
- What are the challenges to market growth?
- Who are the key vendors in the global die casting market?
- What are the market opportunities and threats faced by the vendors in the global die casting market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global die casting market?
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Market outline
- Die casting
PART 05: Market landscape
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by end-user
- Market overview
- Global die casting market in automotive sector
- Global die casting market in industrial machinery sector
PART 07: Geographical segmentation
- Market overview
- Die casting market in APAC
- Die casting market in EMEA
- Die casting market in Americas
PART 08: Decision framework
PART 09: Drivers and challenges
- Market drivers
- Market challenges
PART 10: Market trends
- Simulation-based castings
- Increasing productivity using OEE method
- X-ray casting defect recognition
PART 11: Vendor landscape
- Competitive landscape
- Other prominent vendors
PART 12: Key vendor analysis
- Alcoa
- Dynacast
- Precision Castparts
PART 13: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape