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

• Americas
• APAC
• EMEA

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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