High Pressure Die Casting Market - Global Growth, Trends, and Forecasts to 2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "High Pressure Die Casting Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The high pressure die casting market is estimated to register a CAGR of 6.36% during the forecast period, 2020-2025.

The automobile regulatory framework in Europe, as well as North America, proved to create a sustainable environment in the automobile industry. Moreover, the latest regulatory framework, Euro 6, which had been introduced in 2011 and came into effect from September 2014 onward changed the regulatory standards that have been crucial in determining the dynamics of the automotive market in the region. Since 2013, the EC (European Commission), along with EEA/EMEP, has been maintaining the record of the emission performance standard for a very new vehicle registered in Europe. Thus, the imposition of various laws may lead to growth in the market in the near future.

The strict enactment of the Environment Protection Agency (EPA) regulations and Corporate Average Fuel Economy (CAFE) standards, coupled with the increase in the sales and demand for commercial vehicles, in the European region, as well as the growth of the electrical and electronics industry and construction industry, may drive the growth of the market in the coming years.

CAFE standards and EPA policies to cut down the automobile emissions and increase fuel efficiency are driving the automobile manufacturers to reduce weight of the automobile, by employing lightweight non-ferrous metals. Thus, application of high pressure die casting components in the vehicles by the automobile manufacturers may provide growth opportunities for the market in the years to come.

Key Market Trends

The Automotive Segment Projected to Grow at a Fast Pace

The automotive segment of the global market is expected to witness the fastest growth rate during the forecast period. Traditionally, conventional and high-tensile steel constituted a majority of share in the automotive parts.

Employment of non-ferrous die casts in engine, body-in-white, chassis, steering parts, etc., has witnessed considerable growth over the past five years. In the present scenario, nearly 30%-35% of the auto components in a vehicle are made of aluminum alloys, which are mostly developed using high pressure die casting process, due to its higher output volumes and immense flexibility in component designing.

All regions across the world have been consistently working toward enacting regulations for reducing emissions and improving fuel economy, which in turn, is driving the market for aluminum high pressure die casted parts in the automotive industry. This led to an outlay in the modernization of vehicles and encouraged automobile manufacturers to exert aluminum high pressure die casted parts for the manufacturing of light-weight vehicles.

Additionally, adoption of electrification, not only in the passenger car segment, but also in the commercial vehicle, has been increasing over the past few years and may continue to increase during the forecast period. For instance:

Similarly, in North America, the penetration of more high range electric buses, such as double-decker buses, from 2019, into the market is likely to drive automobile manufacturers to deploy more lightweight aluminum alloy auto parts for optimum vehicle efficiency.

Competitive Landscape

The high pressure die casting market is highly fragmented with the presence of many regional and international players across the globe. The competition in the market has increased, as many small and medium scale players from the developing countries entered and expanded their business in the market in the past three years.

Major recognized players, such as Nemak, Georg Fischer Automotive, Ryobi Die Casting, Rheinmetall AG, Form Technologies Inc. (Dynacast), and Shiloh Industries, together accounted for over 16% of the overall global market share.

Koch Enterprises (Gibbs Die Casting Group), Linamar Corporation, Bocar Group, Endurance Group, Sandhar technologies, Sundaram Clayton Ltd, and Rockman Industries are few other key players in the market.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Industry Attractiveness - Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Raw Material Type

5.1.1 Aluminum

5.1.2 Zinc

5.1.3 Magnesium

5.2 Application

5.2.1 Automotive

5.2.2 Electrical and Electronics

5.2.3 Industrial Applications

5.2.4 Other Applications

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

6.2.1 Dynacast (Form Technologies Inc.)

6.2.2 Nemak SAB De CV

6.2.3 Endurance Group

6.2.4 Sundaram - Clayton Ltd

6.2.5 Shiloh Industries Ltd

6.2.6 Georg Fischer AG

6.2.7 Koch Enterprises Inc. (Gibbs Die Casting Group)

6.2.8 Engtek Group

6.2.9 Officine Meccaniche Rezzatesi SpA

6.2.10 Rheinmetall AG (Rheinmetall Automotive, formerly KSPG AG)

6.2.11 Rockman Industries

6.2.12 Ryobi Die Casting Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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