The Italy Automotive Parts Zinc Die Casting Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 3% during 2023–2031. The growth of the market is attributed to growing demand for sales of cars 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, also called hot chamber die casting. In the die casting process, zinc provides heat until it reaches a molten state, then confers pressure forces on them into a mold in the shape of the automotive part. After the metal cools and hardens, it is removed from the mold.
Aluminum, magnesium, and zinc are the prime materials used in die casting process. Zinc is more important in die casting process as it has high ductility, high impact strength, easily plated, economical for small parts, and promotes long die life. The COVID-19 pandemic had a negative impact on the automotive industry as a result of low or almost zero automotive sales or new requirements in first half of 2020. Moreover, the third wave of pandemic can hamper the market growth.
Italy Automotive Parts Zinc Die Casting 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.
-
Increasing sales of passenger cars is projected to drive the market growth during the forecast period.
-
Rising production of vehicles is expected to boost the market growth in the coming years.
-
Growing demand for fuel-efficient cars is projected to drive the market growth during the forecast period.
-
Expanding adoption of high pressure die casting (HPDC) is expected to boost the market growth in the coming years.
-
Rising constant search for improvement in quality is projected to drive the market growth during the forecast period.
-
Growing trend of producing light weight metals in the automotive industry is projected to drive the market growth during the forecast period.
-
Increasing design freedom and flexibility to create complex parts is expected to boost the market growth in the coming years.
-
High cost of raw material is estimated to restrict the market growth in the coming years.
-
Growing sales of the automotive sector can create lucrative opportunities during the forecast period.
Scope of Italy Automotive Parts Zinc Die Casting Market Report
The report on the Italy automotive parts zinc die casting market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Automotive Parts Zinc Die Casting Market - Italy Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Production Process Types (Pressure Die Casting, Vacuum Die Casting, and Others) and Application Types (Body Parts, Engine Parts, Transmission Components and Others)
|
|
Country Scope
|
Italy
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Dynacast; Brillcast Manufacturing LLC; Pace Industries; Sandhar Technologies Ltd; Ashok Minda Group; and Kemlows Die Casting Products Ltd.
|
Italy Automotive Parts Zinc Die Casting Market Segment Insights
Vacuum die casting segment to hold a significant market share
Based on production process types, the market is 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.
Body parts segment is anticipated to hold a large market share
On the basis of application types, the market is fragmented into body parts, engine parts, transmission components and others. The engine parts segment is anticipated to expand at a rapid pace during the forecast period. However, the body parts segment is anticipated to hold a key share of the market in the coming years due to dimensional accuracy and stability.
Segments
The Italy automotive parts zinc die casting market has been segmented on the basis of
Production Process types
- Pressure Die Casting
- Vacuum Die Casting
- Others
Application Types
- Body Parts
- Engine Parts
- Transmission Components
- Others
Country
Key Players
- Dynacast
- Brillcast Manufacturing LLC
- Pace Industries
- Sandhar Technologies Ltd
- Ashok Minda Group
- Kemlows Die Casting Products Ltd.
Competitive Landscape
Key players competing in the Italy automotive parts zinc die casting market includes Dynacast; Brillcast Manufacturing LLC; Pace Industries; Sandhar Technologies Ltd; Ashok Minda Group; and Kemlows Die Casting Products 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.
Request For Customization
Enquiry Before Buying
Speak With Analyst
