US Automotive Parts Die Casting Market - Growth, Trends, and Forecast (2018 - 2023)

PUBLISHED

APR 2018

US Automotive Parts Die Casting Market - Growth, Trends, and Forecast (2018 - 2023)

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The US automotive parts die casting market is expected to register a CAGR close to 6% during the forecast period, 2018 to 2023.

Environmental Regulations

The United States has one of the largest automotive markets in the world and is home to over 13 major auto manufacturers. Recent regulations, such as, the decision of environmental protection agency (EPA) to raise mile per gallon standards to 35.5 miles per gallon by 2016, and then 54.5 mpg by 2025, have induced automotive to source components for manufacturing lightweight vehicles. This, in turn, is expected to drive the market for automotive parts die casting industry in the country.

Rules imposed by Occupational Safety and Health Administration (OSHA) to develop the technical workforce in the die casting industry, are expected to improve the overall production of the market. Moreover, initiatives by the National Air Duct Cleaners Association (NADCA) to advance the technical workforce in the industry of die casting, are also anticipated to foster the market growth.

                                              

                                             Source: Statista/Mordor Intelligence

Technology Trends

One major challenge in the die casting industry, is uneven die protection, resulting from the temperature variation on the die surface. To overcome this, Quaker Chemical Corporation formulated smart polymer technology, based on heat-activated polymers. DIE SLICK die release agents formulated with smart polymer technology, form a tough barrier on hot areas of the die, while lightly coating cooler, less demanding areas.

Key Developments in the Market

  • January 2017: Dynacast acquired Taurus ’80, a precision zinc die casting company 

Major players: Dynacast, Endurance Group, Texas Die Casting, Castwel Autoparts, Die Casting Solutions GmbH, Mino Industry, amongst others

Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis on the product type that is expected to dominate the market
  • Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

                1.1 Research Methodology

                1.2 General Study Assumptions

2. Research Methodology

                2.1 Introduction

                2.2 Analysis Methodology

                2.3 Study Assumptions

                2.4 Econometric Forecast Model

3. Executive Summary

4. Market Overview and Technology Trends

                4.1 Current Market Scenario

                4.2 Technology Trends

                4.3 Porter's Five Forces Analysis

                                4.3.1 Bargaining Power of the Suppliers

                                4.3.2 Bargaining Power of the Consumers

                                4.3.3 Threat of New Entrants

                                4.3.4 Threat of Substitute Products and Services

                                4.3.5 Competitive Rivalry within the Industry

5. Market Dynamics

                5.1 Drivers

                                5.1.1 Tighter Emission Norms

                5.2 Restraints

                                5.2.1 Volatile Prices of Raw Material

                                5.2.2 High Production and Maintenance Cost

                5.3 Opportunities

                                5.3.1 Recovering Global Automotive Industry

                                5.3.2 Demand from the Electric Vehicle Industry

6. US Automotive Parts Die Casting Market, Segmented by Production Process Type

                6.1 Pressure Die Casting

                6.2 Vacuum Die Casting

                6.3 Squeeze Die Casting

                6.4 Semi Solid Die Casting

7. US Automotive Parts Die Casting Market, Segmented by Application Type

                7.1 Engine Parts

                7.2 Transmission Components

                7.3 Body Parts

                7.4 Others

8. US Automotive Parts Die Casting Market, Segmented by Raw Material Type

                8.1 Aluminium

                8.2 Magnesium

                8.3 Magnesium

                8.4 Others

9. Competitive Landscape

                9.1 Introduction

                9.2 Market Share Analysis

                9.3 Key Players and Developments

10. Company Profiles

                10.1 Castwel Autoparts Pvt Ltd

                10.2 Dynacast

                10.3 Endurance Group

                10.4 Gibbs Die Casting Group

                10.5 Kinetic Die Casting Company

                10.6 Mino Industry USA Inc.

                10.7 Ningbo Parison Die Casting Co. Ltd

                10.8 Raltor Metal Technik India Pvt Ltd

                10.9 Rockman Industries Ltd

                10.10 Ryobi Die Casting Inc.

                10.11 Sandhar Technologies Ltd

                10.12 Sipra Engineers

                10.13 Spark Minda, Ashok Minda Group

                10.14 Sunbeam Auto Pvt Ltd

                10.15 Texas Die Casting

                10.16 Tyche Diecast Pvt Ltd

11. Future of the Market

12. Disclaimer

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