Automotive Parts Zinc Die Casting Market - Growth, Trends, and Forecast (2019 - 2024)

The Automotive Parts Zinc Die Casting Market is Segmented by Production Process Type (Pressure Die Casting, Vacuum Die Casting, and Other Production Process Types), Application Type (Body Assemblies, Engine Parts, Transmission Parts, and Other Application Types), and Geography.

Market Snapshot

market summary
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Europe

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The automotive parts zinc die casting market is anticipated to register a CAGR of about 2.81%, during the forecast period (2019 – 2024).   

  • The usage of zinc die casting is almost 28% in the automotive industry, for applications, like inertia disks, retractor gears, etc., followed by the building and hardware sectors. Along with merits, like resistance, versatility, toughness, and low cost, zinc die casting produces low-level emissions in air and water.
  • In order to reduce automobile emissions and increase fuel efficiency, CAFÉ standards and EPA policies are driving the automakers to reduce the weight of the automobile, by employing lightweight non-ferrous metals. Employing die-cast parts as a weight reduction strategy is a major driver for the automotive segment of the market. Although heavier than aluminum, the lower cost of these parts and higher intricacy allowance make them more suitable in certain applications.
  • As compared to other die casting parts, zinc die casting parts are usually equipped with better mechanical properties, like toughness, and offer higher surface finish and lower thermal shock during casting (as a result of their lower operating temperature).
  • The market witnesses opportunities in the form of the increasing electric vehicle sales, which require higher density of lightweight components. Major companies, like Dynacast, are focusing on identifying affordable raw materials and alloys that offer better durability.

Scope of the Report

The automotive parts zinc die casting market is segmented by production process type, application type, and geography.

By Production Process Type
Pressure die casting
Vacuum die casting
Other Production Process Types
By Application Type
Body Assemblies
Engine Parts
Transmission Parts
Other Application Types
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa

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Key Market Trends

Rising Demand for Vacuum Die Casting and Enactment of Stringent Emission Regulations

Globally, countries have formulated stringent emission norms to cater to the cause of reducing global warming. Efforts are being made by governments worldwide, to minimize the negative effects of global warming and reduce the carbon footprint.

The European Union introduced the Euro VI norms in 2014, according to which, nitrogen oxide emissions must be below 0.4g/KWh and particulate emissions must be below 0.01g/KWh. Japan is in the process of introducing new emission norms that are based on the Euro VI norms.

A number of countries are implementing emission standards, OEMs worldwide are expected to explore new technologies that help in reducing emission in automobiles. The freight companies and fleet owners are extensively moving toward technologies, which are expected to reduce the average emission rate.

Earlier, pressure die casting was the majorly employed production process. However, the vacuum die casting process has been gaining popularity over the past couple of years, due to its better welding characteristics, higher mechanical strength, and lower gas porosity.

trend1

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Asia-Pacific - Leading the Market Growth

The automotive parts zinc die casting market is dominated by Asia-Pacific, followed by Europe and North America. With the growth in vehicle light-weight and broader energy-saving trends, as well as the expanding industrial and manufacture sectors, the automotive parts zinc die casting market has grown substantially in the Asia-Pacific region. India is consolidating its position, with strong domestic and external demand for high-quality zinc die-cast components at lower prices. The aforementioned factors are driving the market for automotive parts zinc die casting in the Asia-Pacific region

The European automotive industry is technically the most advanced and innovative industry, globally. Due to the economic crisis and political pressures, the reduction of fuel consumption and CO2 emission has become a major agenda for automobile manufacturers in the region. This has been achieved through a reduction in the weight of the automobile, as well as better design and constructions, which seems to be the most favorable solution at present. Non-ferrous castings in Europe registered an average performance of 20 metric ton per employee, with a range of up to 58 metric ton. Moreover, over 80% of the castings produced in Europe are delivered within the European region.

trend2

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Competitive Landscape

The automotive parts zinc die casting market is majorly dominated by few players Dynacast, Brillcast Manufacturing LLC, Pace Industries, Ningbo Die Casting Company, Northwest Die Casting, Ashok Minda Group, and Kemlows Die Casting Products Ltd, among others.

The companies are focusing on providing the best quality products to the customers, by investing in R&D projects and conducting certification programs. For instance,

  • Sandhar Technologies’ objective is to be the leader in its chosen products and processes, be the trusted partner in the growth of the stakeholders, offer competitive prices to the customers through technical innovations and process standardization, have a strong R&D base to ensure high quality, provide services that enhance customer satisfaction, create benchmarks for all sets of industries, and be a socially accountable organization.
  • Brillcast Inc., in conjunction with local universities, implemented a comprehensive certification program for zinc die-cast manufacturer operators. The company strives to provide an environment where the employees are encouraged to be more effective at work, home, and in their communities.

Major Players

  1. Sandhar Technologies
  2. Brillcast Manufacturing LLC
  3. Dynacast
  4. Pace Industries
  5. Ashok Minda Group

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Production Process Type

      1. 5.1.1 Pressure die casting

      2. 5.1.2 Vacuum die casting

      3. 5.1.3 Other Production Process Types

    2. 5.2 By Application Type

      1. 5.2.1 Body Assemblies

      2. 5.2.2 Engine Parts

      3. 5.2.3 Transmission Parts

      4. 5.2.4 Other Application Types

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Sandhar Technologies

      2. 6.2.2 Brillcast Manufacturing LLC

      3. 6.2.3 Empire Die Casting

      4. 6.2.4 Dynacast

      5. 6.2.5 Pace Industries

      6. 6.2.6 Cascade Die Casting Group Inc.

      7. 6.2.7 Ashok Minda Group

      8. 6.2.8 Ridco Zinc Die Casting Company

      9. 6.2.9 Northwest Die Casting LLC

      10. 6.2.10 Carteret Die Casting Corporation

      11. 6.2.11 Ningbo Die Casting Company

      12. 6.2.12 Kemlows Die Casting Products Ltd

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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