The Canada automotive parts die casting market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to growing demand for passenger and commercial vehicles.
Die casting is a metal casting process in which molten metal is poured into steel molds. In the automotive industry, die casting zinc parts is a process called hot chamber die casting. In the die casting process, zinc provides heat until it reaches a molten state, then pressure forces them into a mold in the shape of the automotive part, which is required after the metal cools and hardens, and then it is removed from the mold. Aluminum, magnesium, and zinc are the main materials that are used in die casting process. Zinc is vital material in die casting process as it has high ductility, high impact strength, easily plated, economical for small parts, and promotes long life.
The COVID-19 pandemic negatively impacted the automotive industry. The die casting market was further affected due to closedown of manufacturing facilities, hampering the market growth. However, the relaxation in restriction positively influenced the market growth.
Market Trends, Drivers, Restraints and Opportunities
- Rising demand for vacuum die casting is projected to drive the market growth during the forecast period.
- Increasing income of middle-class families is expected to boost the market growth in the coming years.
- Growing improved standards of living in developing and developed countries is projected to drive the market growth during the forecast period.
- Expanding sales of passenger cars is projected to drive the market growth during the forecast period.
- Improvement in fuel-efficiency is projected to drive the market growth during the forecast period.
- Rising constant search for improvement in quality is projected to drive the market growth during the forecast period.
- High cost of raw material is estimated to restrict the market growth in the coming years.
- Increasing design freedom and flexibility to create complex parts is expected to boost the market growth in the coming years.
Scope of Canada Automotive Parts Die Casting Market Report
The report on the Canada automotive parts die casting market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Parts Die Casting Market - Canada Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Production Process types (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Semi-Solid Die Casting), Raw Material Types (Aluminum, Zinc, Magnesium and Others), and Application Types (Body Assembly, Engine Parts, Transmission Parts, and Others)
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Country
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Canada
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Dynacast; Endurance Technologies; SYX Die Casting; Sandhar Group; and Sunbeam Auto Pvt. Ltd.
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Canada Automotive Parts Die Casting Market Segment Insights
Based on production process types, the market are divided into pressure die casting, vacuum die casting, squeeze die casting and semi-solid die casting. The pressure die casting segment is anticipated to hold a key share of the market in the coming years due to ability to produce high volumes of identical metal components, with high levels of accuracy and cost-effective solution for the mass production of castings. However, the vacuum die casting segment is anticipated to expand at a rapid pace during the forecast period owing to reduction of rejected parts and wall thickness and improved reliability of the production process.
On the basis of raw material types, the market is divided into aluminum, zinc, magnesium and others. The aluminum segment is expected to represent a major share of the market in the coming years due to lightweight and durability, excellent electrical conductivity, and fully recyclable and reusable in production. On the other hand, the zinc segment is anticipated to expand at a rapid pace during the forecast period owing to greater stability, durability, and closer tolerances than plastic moldings.
Based on application types, the market is bifurcated into body assembly, engine parts, transmission parts and others. The engine parts segment is anticipated to expand at a rapid pace during the forecast period. However, the body assembly segment is anticipated to hold a key share of the market in the coming years due to dimensional accuracy and stability.
Segments
The Canada automotive parts die casting market has been segmented on the basis of
Production Process Types
- Pressure Die Casting
- Vacuum Die Casting
- Squeeze Die Casting
- Semi-Solid Die Casting
Raw Material Types
- Aluminum
- Zinc
- Magnesium
- Others
Application Types
- Body Assembly
- Engine Parts
- Transmission Parts
- Others
Country
Key Players
Competitive Landscape
Key players competing in the automotive parts die casting market includes Dynacast; Endurance Technologies; SYX Die Casting; Sandhar Group; and Sunbeam Auto Pvt. Ltd.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
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