North America Automotive Parts Aluminum Die Casting Market - Growth, Trends, and Forecasts (2020 - 2025)

The North America Automotive Parts Aluminium Die Casting Market is Segmented by Production Process type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting), Application Type (Body Assembly, Engine Parts, Transmission Parts and Others) and Countries.

Market Snapshot

Study Period:

2020-2025

Base Year:

2019

CAGR:

6 %

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Market Overview

The North America automotive parts aluminium die casting market is expected to grow at a CAGR of over 6% during the forecasted period (2020 - 2025)

  • North American countries are 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 United States, Canada, and Mexico, with 16.8 million vehicles manufactured in 2019 . 
  • 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.
  • With the increasing pollution levels around the world, carmakers are looking for lightweight components for reducing fuel consumption and curbing the emission of harmful pollutants into the atmosphere. 
  • Aluminum provides weight saving upto 50% compared to the traditional mild steel structure. Aluminum has equal or more superior strength and absorbs twice crash-induced energy. 
  • Lowering the vehicle weight will allow downsizing engine, transmission, suspension, and wheels is driving growth in the market. To meet the emissions regulations and policies OEMs are trying to reduce weight of automobiles by employing lightweight non-ferrous metals. 
  • Using aluminium die casting parts has been adapted as the main strategy. Aluminium is a sustainable and resource-efficient material. It can be recycled; the world average remains 45% (as of May 2020). Aluminium pressure parts are later used in recycling process to form aluminium alloys which have very large applications.

Scope of the report

The North America Automotive Parts Aluminium Die Casting Market report covers a detailed study on the latest trends and innovations in the market which is segmented by Production Process type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting), Application Type (Body Assembly, Engine Parts, Transmission Parts and Others) and Countries.

By Production Process Type
Pressure Die Casting
Vacuum Die Casting
Squeeze Die Casting
Semi-Solid Die Casting
By Application Type
Body Assembly
Engine Parts
Transmission Parts
Others
By Countries
United States
Canada
Rest of North America

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Key Market Trends

Vacuum Die Casting is Expected to Witness the Fastest Growth Rate

The vacuum die casting segment of the market studied is expected to witness a CAGR of nearly 8% 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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United States Captures Largest Market Share

In North America, United States is one the major market player in 2019, in competition with Canada and Mexico. In May 2019, the United States produced more than 1,145.4 thousand tons of aluminium an increase of over 33% over May 2018. 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. The automotive industry in the United States experienced a sharp drop in demand in March 2020, vehicle sales went down by 38% year-on-year due to impact from COVID-19 pandemic. 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 aluminium die casting in the country.

With the rise in demand for electric vehicles in the country, the demand for aluminium die casted parts is expected to increase in the coming years. With technological advancements the manufacturers are expected to see raise in demand for car exports which intern will increase demand for die casting automotive parts as manufacturers are looking to reduce car weight in order to keep up with emission norms across the world. The automobile industry is highly dependent on the Environment Protection Agency (EPA) regulations, owing to the high emissions of the automotive units. The move by the EPA to raise the miles per gallons (mpg) standards to 54.5 mpg by 2025, is helping the aluminium die casting industry, as the automotive industry concluded that the only way to get to those mileage standards is by manufacturing lightweight vehicles. But the die casting industry is also facing threat from the newly emerging composites market as composites provide the same physical properties and are much lighter than metal castings. However, during the forecasted period aluminium die casting market is expected to witness high competition with slow growth rate and not much competition from composite material as they are very expensive as compared to traditional metals.

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Competitive Landscape

The North America automotive parts zinc die casting market is neither consolidated nor fragmented. Few major players in the market are Dynacast, Brillcast Manufacturing LLC, Pace Industries, Samkee Automotive, and Kemlows Die Casting Products Ltd, among others.

In 2017, Dynacast acquired Singnicast, with an aim to enhance its global presence.

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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 Porters Five Forces 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 By Production Process Type

      1. 5.1.1 Pressure Die Casting

      2. 5.1.2 Vacuum Die Casting

      3. 5.1.3 Squeeze Die Casting

      4. 5.1.4 Semi-Solid Die Casting

    2. 5.2 By Application Type

      1. 5.2.1 Body Assembly

      2. 5.2.2 Engine Parts

      3. 5.2.3 Transmission Parts

      4. 5.2.4 Others

    3. 5.3 By Countries

      1. 5.3.1 United States

      2. 5.3.2 Canada

      3. 5.3.3 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Amtek Group

      2. 6.2.2 Dynacast Inc.

      3. 6.2.3 ALUMINIUM DIE CASTING (CHINA) LTD.

      4. 6.2.4 BUVO CASTINGS (EU)

      5. 6.2.5 CASTWEL AUTOPARTS PVT. LTD.

      6. 6.2.6 GIBBS DIE CASTING GROUP

      7. 6.2.7 Pace Industries

      8. 6.2.8 General Motors Company

      9. 6.2.9 Samsree Automotive

      10. 6.2.10 Kemlows Die Casting Products Ltd.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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