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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, Zinc, and Others), and Geography
Fastest Growing Market:
The die casting market is anticipated to register a CAGR of over 6.19% during the forecast period 2020 - 2025.
The die casting market is largely driven by supply chain complexities in the die casting industry, expanding the automotive market, increasing penetration of die casting parts in industrial machinery, growing constructional sector, and employing aluminum casts in electrical and electronics. CAFÉ standards and EPA policies to cut down automobile emissions and increase fuel efficiency are driving the automakers to reduce the weight of the automobile by employing lightweight non-ferrous metals. Subsequently, employing die-cast parts as a weight reduction strategy is acting as a major driver for the former market in the automotive segment.
However, crunch in raw material supply, volatility in raw material prices, and environmental regulations on emission for the forging industries are acting as a major barrier for the market growth.
The global die casting market sees opportunity coming in the form of rising innovations in production processes. Buhler Group stands out in this segment. The Group is now focusing on its R&D to come up with better die casting machinery. Additionally, major companies, such as Alcoa and Dynacast, are focusing on identifying affordable raw materials and alloys that offer better durability.
The global die casting market is segmented by Process type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Others), by Application type (Automotive, Electrical & Electronics, Industrial Appliances, and Others), by Raw Material type (Aluminum, Magnesium, Zinc, and Others), and by Geography (North America, Europe, Asia-Pacific, Rest of the World)
|Pressure Die Casting|
|Vacuum Die Casting|
|Squeeze Die Casting|
|Electrical and Electronics|
|Raw Material Type|
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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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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 Process Type
5.1.1 Pressure Die Casting
5.1.2 Vacuum Die Casting
5.1.3 Squeeze Die Casting
5.2 Application Type
5.2.2 Electrical and Electronics
5.2.3 Industrial Applications
5.3 Raw Material Type
5.4.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.4.4 South America
188.8.131.52 Rest of South America
5.4.5 Middle-East and Africa
184.108.40.206 South Africa
220.127.116.11 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 Group
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