Automotive Parts Zinc Die Casting Market - Growth, Trends, and Forecast (2019 - 2024)

Automotive Parts Zinc Die Casting Market - Growth, Trends, and Forecast (2019 - 2024)

Market Overview

The global automotive parts zinc die casting market is anticipated to register a CAGR of about 2.81% during the forecast period (2019 – 2024).

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 also 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 increasing electric vehicle sales, which require a higher density of lightweight components. Major companies, like Dynacast, are focusing on identifying affordable raw materials and alloys that offer better durability.

Scope of the Report

The global automotive parts zinc die casting market is has been segmented by production process type, application type, and geography.

Key Market Trends

Growing Demand for Vacuum Die Casting and Enactment of Stringent Emission Regulations

Globally, countries have formulated stringent emission norms to cater to the cause of reducing global warming. Efforts are being made by governments worldwide, to minimize the negative effects of global warming and reduce the carbon footprint.

The European Union introduced the Euro VI norms in 2014, according to which nitrogen oxide emissions must be below 0.4g/KWh and particulate emissions must be below 0.01g/KWh. Japan is in the process of introducing new emission norms that are based on the Euro VI norms.

A number of countries are implementing emission standards, OEMs globally are expected to explore new technologies that help in reducing emission in automobiles. The freight companies and fleet owners are extensively moving toward technologies, which are expected to reduce the average emission rate.

Earlier, pressure die casting was the majorly employed production process. However, a vacuum die casting process has been gaining popularity over the past couple of years due to its better welding characteristics, higher mechanical strength, and lower gas porosity.

Asia-Pacific - Leading the Market Growth

The automotive parts zinc die casting market is dominated by Asia-Pacific, followed by Europe and North America. With the growth in vehicle light-weight and broader energy-saving trends, as well as the expanding industrial and manufacture sectors, the automotive parts zinc die casting market has grown substantially in the Asia-Pacific region. India is consolidating its position, with strong domestic and external demand for high-quality zinc die cast components at lower prices. All these factors together are driving the market for automotive parts zinc die casting market in the Asia-Pacific region

The European automotive industry is known globally to be technically the most advanced and innovative one. Due to the economic crisis and political pressures, reduction of fuel consumption and CO2 emission has become a major agenda for automobile manufacturers in the region. It has been achieved through a reduction in the weight of the automobile, as well as better design and constructions, which seems at the moment to be the most favorable solutions. Non-ferrous castings in Europe registered an average performance of 20 metric ton per employee, with a range of up to 58 metric ton. Moreover, over 80% of the castings produced in Europe are delivered within the Euro area.

Competitive Landscape

The global automotive parts zinc die casting market is majorly dominated by few players Dynacast, Brillcast Manufacturing LLC, Pace Industries, Ningbo Die Casting Company, Northwest Die casting, Ashok Minda Group, and Kemlows Die Casting Products Ltd, and among others.

The companies are focusing on providing the best quality products to the customers, therefore they are investing in R&D projects and also doing certification programs. For instance,

Sandhar Technologies’ objective is to be the leader in its chosen products and processes, be the trusted partner in the growth of the stakeholders, offer competitive prices to the customers through technical innovations and process standardization, have a strong R&D base to ensure high quality, provide services that enhance customer satisfaction, create benchmarks for all sets of industries, and be a socially accountable organization.
Brillcast Inc., in conjunction with local universities, implemented a comprehensive certification program for zinc die cast manufacturer operators. The company strives to provide an environment where the employees are encouraged to be more effective at work, at home, and in their communities.

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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force 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 By Production Process Type
5.1.1 Pressure die casting
5.1.2 Vacuum die casting
5.1.3 Others
5.2 By Application Type
5.2.1 Body Assemblies
5.2.2 Engine Parts
5.2.3 Transmission Parts
5.2.4 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 South America
5.3.4.2 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Sandhar Technologies
6.2.2 Brillcast Manufacturing Llc
6.2.3 Empire Die Casting
6.2.4 Dynacast
6.2.5 Pace Industries
6.2.6 Cascade Die Casting Group Inc.
6.2.7 Ashok Minda Group
6.2.8 Ridco Zinc Die Casting Company
6.2.9 Northwest Die Casting Llc
6.2.10 Carteret Die Casting Corporation
6.2.11 Ningbo Die Casting Company
6.2.12 Kemlows Die Casting Products Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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