Japan Automotive Parts Zinc Die Casting Market Size

Statistics for the 2023 & 2024 Japan Automotive Parts Zinc Die Casting market size, created by Mordor Intelligence™ Industry Reports. Japan Automotive Parts Zinc Die Casting size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Japan Automotive Parts Zinc Die Casting Industry

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Japan Automotive Parts Zinc Die Casting Market_Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 3.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Japan Automotive Parts Zinc Die Casting Market Analysis

The Japan automotive parts zinc die casting market is anticipated to register a CAGR of over 3 %, during the forecast period (2020 - 2025).

  • 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.

Japan Automotive Parts Zinc Die casting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)