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The North America Automotive Parts Die Casting Market is Segmented by Production Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting), Application Type (Engine Parts, Transmission Components, Body Parts and Others), by Material Type (Aluminum, Zinc, Magnesium and Others ), and Country.
The North America Automotive Parts Die Casting Market is projected to grow with a CAGR of more than 6 % during the forecast period.
The North America Automotive Parts Die Casting Market report covers a detailed study on the latest trends and innovations in the market which is segmented by is Segmented by Production Process (Pressure Die Casting, Vaccum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting), Application Type (Engine Parts, Transmission Components, Body Parts and Others), by Material Type (Aluminum, Zinc, Magnesium and Others ), and Country. Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
|Pressure Die Casting|
|Vaccum Die Casting|
|Squeeze Die Casting|
|Semi-Solid Die Casting|
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Owing to the availability of magnesium in the region along with its properties such as light in weight and most pliable metal, use of magnesium die casting is increasing with a very high rate. In 2018, United States became third largest producer globally, of Magnesium with production around 50,000 tonnes.
The automobile manufacturers are using light weight components for vehicles in engine as well as other body parts to reduce the overall weight of the vehicle and increase the fuel efficiency to attract more demand. The demand for pressure die-castings made from magnesium alloys is growing as they for natural reasons have a relatively low self-weight, can be formed into complex parts and manufactured at relatively low costs
Magnesium alloys can form a great shield against electromagnetic and radio interference, despite their high conductive qualities. For this reason, Magnesium alloy products, are used frequently in EMI shielding in vehicle parts.
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During the year 2019, the automobiles sales in the United States witnessed a slight growth but crossed the 17 million mark with a total sale of passenger and commercial vehicles to 17.5 million.
With the presence of several major OEMs and component manufacturers in the country, and their spending towards research and development of innovative die casting processes and materials to reduce the overall weight of the vehicle and increase the fuel efficiency is driving growth for the industry. For instance, in February 2020, Tesla invents new aluminum alloy for die casting electric car parts, the new alloy can maintain high-yield strength and high conductivity.
Owing to the increasing demand for automobiles in the country as well as globally as the country is a major exporter of automobiles to several parts of the world. the major players in the region are investing in expanding their production capacities to meet the demand.
For instance, in January 2020, Mitsui Kinzoku Die-Casting Technology America, Inc., will build a USD 20 million manufacturing facility in Georgia.
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The North America Automotive Parts Die Casting Market is fragmented, with many players accounting for a small market share. Some of the prominent companies in North America Automotive Parts Die Casting Market are Rhienmetall AG, RYOBI Die Casting, Martinrea Honsel, KSM Casting and others. The major players in the country are entering into strategic partnership with global leaders to gain considerable market share.
· In September 2019, Largest global manufacturer of medium-and heavy-duty fully automatic transmissions Allison Transmission Holdings Inc has acquired Walker Die Casting and C&R Tool and Engineering in a deal worth approximately USD 103 million
· In May 2019, Sundaram Clayton Limited has inaugurated its first oversees facility in United States with an investment of INR 630 Crore. With a capacity of 1000 tonnes of casting for the first year which can be scaled up to 10,000 tonnes in the five years, the plant will manufacture a range of high-pressure die cast and gravity die cast parts.
· In July 2019, 2a SPA USA invested USD 15 million to expand its aluminum foundry in Auburn in eastern Alabama. With this expansion 2a USA will double the Auburn facility’s current die-casting area.
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 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 Production Process
5.1.1 Pressure Die Casting
5.1.2 Vaccum Die Casting
5.1.3 Squeeze Die Casting
5.1.4 Semi-Solid Die Casting
5.2 Application Type
5.2.1 Engine Parts
5.2.2 Transmission Components
5.2.3 Body Parts
5.3 Material Type
6.1 North America
6.1.1 United States
6.1.3 Rest of North America
7. COMPETITIVE LANDSCAPE
7.1 Vendor Market Share
7.2 Company Profiles
7.2.1 Rheinmetall AG
7.2.2 Ryobi Die Casting
7.2.3 Martinrea Honsel
7.2.4 KSM Castings
7.2.6 ALBERT HANDTMANN METALLGUSSWERK GMBH & CO. KG
7.2.7 SAINT JEAN INDUSTRIES
7.2.9 EMPIRE DIE CASTING COMPANY
7.2.10 GRUPO ANTOLIN-IRAUSA, S.A.
8. MARKET OPPORTUNITIES AND FUTURE TRENDS