Gravity Die Casting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The global gravity die casting market has been segmented by Application (Automotive, Electronical and Electronics, Industrial Applications and Other Applications), by Raw Material (Aluminum and Zinc), and by Geography.

Market Snapshot

Snapshot
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
CAGR: 0 %

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Market Overview

The global gravity die casting market is expected to register a CAGR of 3.41%, during the forecast period, 2019-2024, owing to its demand for light weight and low cost produced parts from various industries, especially automotive industry.

  • The automobile regulatory framework in Europe and North America has been instrumental in creating a sustainable environment in the automobile industry.
  • In December 2018, the EU set new regulations for carbon dioxide emissions for new passenger cars and commercial vehicles. The agreed-upon targets aim to reduce average CO2 emissions from new passenger cars by 15% in 2025 and by 37.5% in 2030, both relative to the 2021 base-figure. A 15% reduction by 2025, and a further 31% for 2030 was agreed upon for light-commercial vehicles.
  • According to the US EPA frameworks, the automaker’s average fuel economy was reached to 35.5 mpg in 2016 and go up to 54.5 mpg in 2025. This may present a 90% increase in average fuel efficiency, in comparison to the 2011 model year average of 28.6 miles per gallon.
  • To meet the above target levels, the need to reduce vehicle weight has been the major driving factor for the automakers to employ gravity die-casted parts in some of the vehicle systems over the past years and is likely to continue during the forecast period as well.

Scope of the Report

Gravity die casting is one of the earliest processes to be invented for metal and light alloy die casting. In this process which can be fully automated, the molten metal is poured directly from a ladle into a semi-permanent or permanent die. Gravity die casting technology is ideal for diverse complex casting production of automotive parts as well as other industries like Electrical and Electronics etc.

The gravity die casting market has been segmented by application, by raw material and by geography.

Application
Automotive
Electrical and Electronics
Industrial Applications
Other Appplications
Raw Material
Aluminum
Zinc
Geography
North America
US
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Germany
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Turkey
Rest of Middle East & Africa

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Key Market Trends

Automotive Industry is Expected Capture Major Market Share

  • Gravity die casting is a standard process for manufacturing some high-integrity automotive parts. This process produces fine-grained and dense structures with attractive mechanical properties, due to the fast and oriented hardening of the melts in permanent metal molds, which makes it ideal for components like engine-related parts. But the trend away from the combustion engine toward alternatives like electric powered vehicles has inevitable effects on the demand for die-casted parts. For instance, while a combustion engine contains approximately 200 casted parts, only around 25, i.e., one tenth of them, are needed for an electrical drivetrain.  
  • This method also gives better tolerances and surface finish than other methods, like sand casting. Hence, it represents a proven technology to produce fairly large batch quantities of the order of 1,000 to 10,000. But tooling costs vary and are generally higher than the sand-casting method.
  • Hence, manufacturers are expected to revamp their portfolio to the changing market conditions, which is expected to drive the market over the forecast period.
trend

North America Captured a Significant Market Share

  • Among the North American countries, the United States covers the largest market share of more than 65% in the North American gravity die casting market.
  • It is also the second-largest producer of aluminum metal castings in the world, with a production of 1.7 million metric ton, as of 2017. The country also produced 138,890 metric ton and 325,062 metric ton of magnesium and zing castings, respectively. The United States is also characterized by the presence of large number of local gravity die casting players.
  • The United States is home to one of the largest automotive markets in the world. It is home to over 13 major automobile manufacturers with an average of 11 million vehicles produced per year. Hence, with the abundance of casting companies and raw material suppliers, the US automotive manufacturers and OEMs are adopting gravity die casting parts in their vehicles.
    • Also, the country’s huge electrical and electronics industry, where enclosures, cabinets, and boxes are some areas where the gravity die casting process results in producing considerable thick walled and smooth surface components, is expected to contribute to the market growth.
Region

Competitive Landscape

Some of the major players in the market includes Endurance Group, Minda Corporation, Hitachi Metals, Georg Fischer Limited, Rockman Industries Ltd etc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 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 Force 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 Application

      1. 5.1.1 Automotive

      2. 5.1.2 Electrical and Electronics

      3. 5.1.3 Industrial Applications

      4. 5.1.4 Other Appplications

    2. 5.2 Raw Material

      1. 5.2.1 Aluminum

      2. 5.2.2 Zinc

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        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 Italy

        5. 5.3.2.5 Germany

        6. 5.3.2.6 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 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Turkey

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Rockman Industries

      2. 6.2.2 Endurance Group

      3. 6.2.3 Minda Corporation

      4. 6.2.4 Hitachi Metals

      5. 6.2.5 Georg Fischer Limited

      6. 6.2.6 MAN Group (Alucast

      7. 6.2.7 Zollern GmbH

      8. 6.2.8 Harrison Castings

      9. 6.2.9 Esko Die Casting

      10. 6.2.10 CIE Automotive

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

**Subject to Availability

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Frequently Asked Questions

The Gravity Die Casting Market market is studied from 2018 - 2026.

The Gravity Die Casting Market is growing at a CAGR of 0% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Endurance Group, MAN Group (Alucast), Minda Corporation, Hitachi Metals, Georg Fischer Limited are the major companies operating in Gravity Die Casting Market.

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