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The Die Casting Market is Segmented by Process type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Others), Application type (Automotive, Electrical and Electronics, Industrial Appliances, and Others), Raw Material type (Aluminum, Magnesium, and Zinc), and Geography
Fastest Growing Market:
The die casting market is anticipated to register a CAGR of 6.13% during the forecast period 2020 - 2025.
The global die casting market is segmented by Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Others), by Application (Automotive, Electrical & Electronics, Industrial Appliances, and Others), by Raw Material (Aluminum, Magnesium, and Zinc), and by Geography (North America, Europe, Asia-Pacific, Rest of the World)
|Electrical and Electronics|
|Pressure Die Casting|
|Vacuum Die Casting|
|Squeeze Die Casting|
|By Raw Material|
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In the light of climatic changes, the global regulatory authorities have set predefined targets for climate protection and energy savings and thereby have made huge initiatives to implement them in recent years. The decisions and measures adopted to protect the climate are having a significant impact on the die casting foundries. The European Union has plans to bring down the primary energy usage to around 20% by the year 2020. The energy savings target (i.e., to cut primary energy usage) has been formulated for the subsequent period, extending to the year 2050.
Die-casting involves sophisticated gating technology, and the level of complexity varies with the pressure of injected molten material. Casting cost varies as per the requirements and changes in material content, net-shape capability and complexity, tooling, and conversion costs. Die-cast tooling is also often regarded as the biggest in terms of cost, and die-cast engineering involves a significant degree of capital that is required for developing suitable gating systems. In addition, the initial costs are also substantially huge for making and manufacturing a suitable non-ferrous die-cast part required by the end-user industries. The gestation period for the investment incurred is also longer due to the implementation of several capital-intensive advanced tools and machinery in the production process.
Although dies have a relatively long wear life and could be economically used in large production facilities, the high start-up cost makes it costlier than conventional vehicle component production. High precision equipment and the extension of casting technologies are increasingly being employed to improve the stability and quality of the component. Thus, the cost involved is significantly high for making and manufacturing suitable die-cast components required for the automotive, industrial, and electronic applications.
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The growing automobile industry, India and China emerging as cost-effective die casting manufacturing hubs, demand from the industrial sector, and increased scope of application in windmills and telecommunications are expected to drive the die casting market at a faster pace in the Asia Pacific region.
With the growth in automotive lighting and energy-saving trends, expanding the industrial and manufacturing sector, the die casting market grew substantially in the Asia-Pacific region. Cheaper labor and low manufacturing costs in India and China further propelled the market growth in these countries. During the past two decades, small privately run factories in this region have become much competitive and professional in producing die-cast components. However, the market in Asia-Pacific for automobile and related products was subjected to imperfect competition, which resulted in too much of everything–too much capacity, too many competitors and too much redundancy and overlap.
Thailand is emerging as a major automobile exporting country, driven by Japanese FDI. Chinese manufacture sector is growing very fast and is poised to make its dent in the international trade arena. India is consolidating its position with strong domestic and external demand for high-quality die-cast components at lower prices. All these factors together are driving the market for die casting parts market in the Asia-Pacific region.
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The global market for die casting is highly fragmented, with many regional small- and medium-scale players from the developing countries entering the market.
Major recognized players, such as Nemak, Georg Fischer Automotive, Ryobi Die Casting, Rheinmetall AG, Form Technologies Inc. (Dynacast), and Shiloh Industries, together accounted for over 16% of the overall global market share.
Koch Enterprises (Gibbs Die Casting Group), Linamar Corporation, Bocar Group, Endurance Group, Sandhar Technologies, Sundaram Clayton Ltd, and Rockman Industries are a few other key players in the market.
These key players have focused their revenues on R&D to come up with better production processes and alloys. This strategy may assist in the production of premium quality die cast parts for the global automotive and industrial sectors. Key players have also expanded their presence, globally, through various mergers, expansions, partnerships, joint ventures, and acquisitions.
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 By Application
5.1.2 Electrical and Electronics
5.1.3 Industrial Applications
5.2 By Process
5.2.1 Pressure Die Casting
5.2.2 Vacuum Die Casting
5.2.3 Squeeze Die Casting
5.3 By Raw Material
5.4.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.4.4 South America
18.104.22.168 Rest of South America
5.4.5 Middle-East and Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Form Technologies Inc. (Dynacast)
6.2.3 Endurance Technologies
6.2.4 Sundaram Clayton Ltd
6.2.5 Shiloh Industries
6.2.6 Georg Fischer Limited
6.2.7 Koch Enterprises (Gibbs Die Casting Group)
6.2.8 Bocar Group
6.2.9 Engtek Group
6.2.10 Rheinmetall AG (Rheinmetall Automotive, formerly KSPG AG)
6.2.11 Rockman Industries
6.2.12 Ryobi Die Casting Ltd
6.2.13 Linamar Corporation
6.2.14 Meridian Lightweight Technologies UK Ltd
6.2.15 Sandhar Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS