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Italy Automotive Parts Die Casting Market has been segmented by Production Process Type (Vacuum Die Casting, Pressure Die Casting, and Other Production Process Types), and Application Type (Engine Parts, Transmission Components, Structural Parts, and Other Application Types)
2018 - 2026
The Italy automotive parts aluminium die casting market is expected to grow at a CAGR of over 6% during the forecasted period (2020 - 2025)
· Italy is making good contribution to the automotive industry with die-casting being support pillar for the market growth. Automotive industry is witnessing an upswing, with die casting makers their presence worth. Production of automobile has been witnessing a lucrative growth in Italy, with 915,305 vehicles manufactured in 2019 alone. Aluminium is the widely used raw material in automotive die-casting. Production standards have risen, as die casting features meticulous process types, making the market grow.
· Automotive lightening and energy saving trends are developing in this sectors and the automotive parts die-casting market grew in Italy, with much competitive technology in producing die cast automobile parts. The Italy market for automotive parts aluminium die casting is expected to touch $200 million in 2020 and is expected to see a upward trend during the forecasted period. The automobile industry is highly dependent on the Environmental Protection Agency (EPA) regulations, owing to the high emissions of the automotive units. The move by the EPA to raise the mile per gallons (mpg) standards to 35.5 mpg by 2016, and then to 54.5 mpg by 2025, helped the die casting industry, as the automotive industry concluded that the only way to get to those mileage standards was by manufacturing lightweight vehicles. Use of aluminum, specifically aluminum die casting, in many of the power train and engine areas, is an important way to achieve this. This is one of the major reasons for the predicted growth of the industry in the area of structural die-casting
· However, volatility of aluminium prices, due to sanctions and trade wars between countries, and the increasing employment of zinc die casting, is acting as a major hindrance in the growth of the market studied.
The Italy automotive parts aluminium die casting market report contains the latest trends and technological developments in the market, demand by production process type, application type, and share of major players across the country
|Production Process Type|
|Pressure Die Casting|
|Vacuum Die Casting|
|Other Productino Process Types|
|Other Aplication Types|
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The vacuum die casting segment of the market studied is expected to witness a CAGR of nearly 10% during the forecast period.
There have been significant developments and improvements in the conventional die casting process. Currently, the ultra-high-vacuum die casting process is applied for producing large and thin component parts, such as space-frames and pillars, which are usually welded to automobile chassis.
Electrical and hydraulic components in an automobile work simultaneously. Reliability and quality are given prime importance in transmission parts. The transmission system in an automobile is a complex combination of mechanical functions. It is prone to extreme conditions and environments. This enhances the importance of integrity. Valve bodies, stators, and clutch pistons are some of the commonly die casted transmission parts in the automotive industry.
Ultra-vacuum die casting produces better weldable automotive products than most other die casting processes. However, products produced through this process are large and require huge-sized die casting machine, like 2,500-4,000 metric ton of die clamping force. This impacts the popularity of the ultra-high-vacuum die casting process among OEMs and large die casters.
However, the vacuum die casting production process eliminates air from the mold and allows the front of molten metal to merge freely without forming any shuts or pores, which is a major issue in pressure die casting process.
A sudden shift from pressure die casting to vacuum may not be possible, due to the higher productivity and ease of manufacturing automotive die casting parts, which employ the pressure die casting method. However, this change is gradual, and it expected to continue to increase during the forecast period.
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In Europe, Italy is one the major market player in 2019, in competition with Germany and France. In 2019, the European region registered more than 47,000 metal casting plants. The Italy automotive industry accounted for over 37% of the total demand for castings in the country. The country economy is growing, and the disposable income of the middle-class consumers is also increasing. This, in turn, reflects positively on the growing demand for vehicles. Over the past five years, owing to the low production costs in the country, the demand for vehicle production went up drastically. Passenger car sales in 2019 witnessed a 3.5% decline, However, with several initiatives taken by the country to boost the automotive industry, passenger car sales are expected to increase over the forecast period, which, in turn, is expected to drive the demand for aluminum die casting in the country. With the rise in demand for electric vehicles in the country, the demand for aluminum die casted parts is expected to increase in the coming years. Further, demand to protect cars, safeguard the environment and enhance personal safety are increasingly being determined by national legislation and safety standards in the country. Even consumer trends and preferences are towards fuel efficient and compact vehicles.
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The Italy automotive parts aluminium die casting market is consolidated. The key players in this industry are Lupton and Place, KSPG AG, BUVO casting, Endurance Group, Global Autotech, Castwell Autoparts Pvt Ltd, Amtek Group and IKD Group. Industry participants are expected to expect intensive competition owing to aggressive strategies, including acquisitions, pricing, merges, and new product development. On 8-Jan2019, Endurance Overseas Srl a subsidiary of Endurance Technologies Ltd has acquired Fonpresmetal Gap Spa for 8.16 million and has now renamed as Endurance Casting Spa. IDRA has introduced new OL 5500 CS, worlds largest die-casting machine for the Brescia-based company.
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 Porters Five Force 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 Type
5.1.1 Pressure Die Casting
5.1.2 Vacuum Die Casting
5.1.3 Other Productino Process Types
5.2 Application Type
5.2.1 Body Assemblies
5.2.2 Engine Parts
5.2.3 Transmission Parts
5.2.4 Other Aplication Types
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Sandhar technologies Ltd
6.2.2 Brillcast Manufacturing LLC
6.2.3 Empire Casting Co
6.2.5 Pace Industries
6.2.6 Ningbo Die Casting Company
6.2.7 Kemlows Diecasting Products Ltd
6.2.8 Cascade Die Casting Group Inc
6.2.9 Ashook Minda Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS