|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The automotive parts aluminum die casting market was valued at USD 24.18 billion in 2021. It is expected to reach USD 37.66 billion by 2027, registering a CAGR of more than 7% during the forecast period, 2022-2027.
The COVID-19 pandemic profoundly impacted manufacturing operations, and the market witnessed a slowdown due to supply chain disruptions and trade restrictions worldwide. However, aluminum production witnessed positive growth despite the pandemic. For instance, according to the International Aluminum Institute, the primary production of aluminum was 132,568 thousand metric tons, produced between 2020 and 2021.
Factors such as the rising demand for lightweight vehicles and the growing utilization of aluminum in diecasting auto parts are expected to fuel the market's growth during the forecast period. Stringent environmental regulations and CAFE standards were imposed across various regions to support the adoption of the die casting process.
Moreover, the market is anticipated to be constrained by the volatility of aluminum pricing due to sanctions and trade disputes between nations and the growing use of novel casting technologies (such as 3D printing) in the automotive industry.
Scope of the Report
The Automotive Parts Aluminum Die Casting Market report has been segmented by Production Process, Application Type, and Geography.
By Production Process, the market is segmented as Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Gravity Die Casting.
By Application type, the market is segmented as Body Parts, Engine Parts, Transmission Parts, Battery and Related Components, and Other Application Types.
By Geography, the market is segmented as North America, Europe, Asia-Pacific, and the Rest of the World.
|Pressure Die Casting|
|Vacuum Die Casting|
|Squeeze Die Casting|
|Gravity Die Casting|
|Battery and Related Components|
|Other Application Types|
Key Market Trends
Pressure Die Casting Segment to Hold Significant Market Share
The pressure die casting segment is expected to hold the largest share in the market during the forecast period due to the growing adoption of and consumer interest in the segment across the world. The process is accessible globally because of its unique advantage in manufacturing high-volume goods. Moreover, steady demand from the automotive sector is likely to contribute to substantial growth of the market over the forecast period.
The high-pressure process in the industry is called idle for achieving higher output levels and is primarily used in various industries. The low-pressure process is used in the output of low-volume goods with top unit costs due to the longer casting cycles. Manufacturers worldwide are adopting various growth strategies to expand their presence in the global market. For instance,
- In February 2021, Nantong Jiangzhong Photoelectricity Co. Ltd installed its Italpresse gauss TF5700 high pressure die casting (HPDC) machine at its base in Jiangsu province, China.
With its huge 3500 x 3500mm platens, the TF5700’s closing force of 5,700 tons makes it the ideal solution for large part production. Jiangzhong also purchased a Westomat 3100 from StrikoWestofen to integrate seamlessly with the machine.
To understand key trends, Download Sample Report
Asia-Pacific Region Anticipated to Witness Significant Growth
Asia-Pacific is expected to witness the fastest growth rate during the forecast period. In the Asia-Pacific region, major countries like India, China, and Japan are expected to contribute significantly to the development of the market over the forecast period. China is one of the major producers of die casting parts, and the growing adoption of passenger cars in the region is likely to have an optimistic impact on the market. For instance,
According to the China Association of Automobile Manufacturers, China's car production reached 2.84 million units in December 2020, an increase of 5.7% from 2019.
The Asia-Pacific region, being one of the world's largest manufacturers of vehicles, tends to attract major market manufacturers. Many players adopt growth strategies, such as geographic expansion and production capacity expansion, to stay competitive in this market. For instance,
- In March 2021, Endurance Technologies Limited announced the construction of a new plant at Waluj to meet the disk brake assembly business demand. The company is also setting up a cylinder-head low-pressure die-casting plant at Pantnagar, which is due to start operations by April-June 2021.
Amidst all the factors promoting the market and the factors which can lead to disruption in the market, the strong preference of the customers toward aluminum products and the ongoing trend of increased usage of aluminum is expected to provide a significant growth opportunity in the market.
To understand geography trends, Download Sample Report
The automotive parts aluminum die casting market is consolidated and led by globally and regionally established players. These companies adopt strategies such as new product developments, collaborations, and contracts and agreements to sustain their market positions. For instance,
- In December 2021, Altizon Inc. (Altizon) announced that it was working with Sundaram Clayton Limited (SCL), a subsidiary of TVS Group, to scale up the deployment of its industry-leading Datonis Digital Factory in casting and machining cells across all SCL plants in India and North America.
Some of the major players in the market include Rheinmetall AG, Nemak, Linmar Corporation, Koch Enterprises, and George Fischer Limited.
George Fischer Limited
- In February 2021, GF Casting Solutions (Georg Fischer) announced a partnership with the open innovation platform STARTUP AUTOBAHN. GF Casting Solutions aims to strengthen its role further with this partnership as an innovation and quality leader for sustainable lightweight cast and additive manufacturing solutions.
- In March 2021, Sandhar Technologies entered into a non-binding Memorandum of Understanding with Unicast Autotech to acquire its aluminum die casting business.
- In March 2021, Rheinmetall AG group won an engine block supply contract of over EUR 100 million for a German car manufacturer. Full-scale production is planned to begin in 2023. The lifetime of the contract extends beyond 2030.
- In March 2021, Endurance Technologies Limited announced that a new plant at Waluj is being set up to meet the disk brake assembly business demand. This new plant began in August 2021. The company is also setting up a cylinder-head low-pressure die-casting plant at Pantnagar, which will start operations in FY 2022.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Production Process
5.1.1 Pressure Die Casting
5.1.2 Vacuum Die Casting
5.1.3 Squeeze Die Casting
5.1.4 Gravity Die Casting
5.2 Application Type
5.2.1 Body Parts
5.2.2 Engine Parts
5.2.3 Transmission Parts
5.2.4 Battery and Related Components
5.2.5 Other Application Types
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.3.4 Rest of the World
184.108.40.206 South Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Form Technologies Inc.(Dynacast)
6.2.3 Endurance Technologies Ltd (CN)
6.2.4 Sundaram Clayton Ltd
6.2.5 Shiloh Industries Inc.
6.2.6 Georg Fischer Limited
6.2.7 Kochi Enterprises (Gibbs Die Casting Corporation)
6.2.8 Bocar Group
6.2.9 Engtek Group
6.2.10 Rheinmetall AG
6.2.11 Rockman Industries
6.2.12 Ryobi Die Casting Ltd
6.2.13 Linmar Corporation
6.2.14 Meridian Light weight Technologies UK Limited
6.2.15 Sandhar Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Frequently Asked Questions
What is the study period of this market?
The Automotive Parts Aluminum Die Casting Market market is studied from 2018 - 2027.
What is the growth rate of Automotive Parts Aluminum Die Casting Market?
The Automotive Parts Aluminum Die Casting Market is growing at a CAGR of >7% over the next 5 years.
What is Automotive Parts Aluminum Die Casting Market size in 2018?
The Automotive Parts Aluminum Die Casting Market is valued at 24 Billion USD in 2018.
What is Automotive Parts Aluminum Die Casting Market size in 2027?
The Automotive Parts Aluminum Die Casting Market is valued at 38 Billion USD in 2027.
Which region has highest growth rate in Automotive Parts Aluminum Die Casting Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Automotive Parts Aluminum Die Casting Market?
Asia Pacific holds highest share in 2021.
Who are the key players in Automotive Parts Aluminum Die Casting Market?
Nemak, Rheinmetall AG, Koch Enterprises, Linmar Corporation, George Fischer Limited are the major companies operating in Automotive Parts Aluminum Die Casting Market.