North America Automotive Parts Die Casting Market

North America Automotive Parts Die Casting Market by Material (Aluminum, Zinc, Magnesium, and Others), Production (Pressure Die Casting, Vaccum Die Casting, Squeeze Die Casting, and Semi-solid Die Casting), and Regions (The US, Canada, and Mexico) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: AL-2464
  • Author: Growth Market Reports
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  • No. Of Pages: 225
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The North America automotive parts die casting market size is projected to expand at a substantial CAGR during the forecast period. The growth of the market is attributed to the increasing urbanization and automation.

North America Automotive Parts Die Casting Market

A die casting machine is a machine that uses high pressure to force molten metal into a reusable metal die. Single cavity, multiple cavity, and combination dies are different types of dies. This method is used to make surface alloy and metal pieces that are precisely dimensioned, defined, smooth, and textured. Chassis, air valve, flywheel & bracket, smart locks, and vehicle appliances are examples of metal parts. The automobile die casting technique is a manufacturing method for producing sophisticated and complicated metal parts and components utilizing reusable molds known as dies. Metal, die casting machine, furnace, and die are all utilized in the die casting process in vehicles. The metal, which is generally a nonferrous alloy such as zinc or aluminum, is melted in a furnace before being pumped into dies in a die casting machine.

The Covid-19 pandemic affected the demand and supply of automotive parts zinc die casting market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities                         

  • Increasing urbanization and automation is projected to fuel the market during the forecast period.
  •  Government programs are key factors propelling the market in the coming years.
  • High cost of product is estimated to hamper the market growth.
  • Lack of skilled labor act as major challenge that can hinder the market during the forecast period.
  • R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.

Scope of the Report

The report on the North America 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.

Attributes

Details

Report Title

North America Automotive Parts Die Casting Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2021–2028

Segmentation

Material (Aluminum, Zinc, Magnesium, and Others), Production (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Semi-solid Die Casting)

Regional Scope

The US, Canada, and Mexico

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Rheinmetall AG; RYOBI Die Casting; Martinrea Honsel; and KSM Casting.

Market Segment Insights:

The magnesium segment holds a major market share

Based on material, the North America automotive parts die casting market is segregated into aluminum, zinc, magnesium, and others. The magnesium segment is estimated to expand at a high CAGR during forecast period. Due to the abundance of magnesium in the region, as well as its qualities as the light and most malleable metal, the use of magnesium die casting is rapidly rising. Despite their high conductive characteristics, magnesium alloys provide a good shield against electromagnetic and radio interference. As a result, magnesium alloy products are often employed in automotive parts for EMI shielding.

North America Automotive Parts Die Casting Market

The vacuum die casting segment is projected to hold a major market share

Based on production, the North America automotive parts die casting market is segregated into pressure die casting, vacuum die casting, squeeze die casting, and semi-solid die casting. The vacuum die casting segment is expected to represent a key share of the market during the forecast period. Countries all around the world have enacted strict emission regulations in order to combat global warming. Governments all across the globe are working to mitigate the harmful impacts of global warming and decrease their carbon footprint. Japan is currently implementing new emission standards based on the Euro VI standards. As a result of the implementation of emission standards in a number of countries, OEMs around the world are expected to investigate new technologies that aid in the reduction of emissions in automobiles. Freight companies and fleet owners are putting a lot of effort into developing technologies that will reduce the average emission rate.

North America Automotive Parts Die Casting Market

The market in US is projected to hold a major market share

In terms of country, the North America automotive parts die casting market is classified as the US, Canada, and Mexico. The US is anticipated to dominate the market. Automobile sales in the United States increased in 2019. The country is a major exporter of automobiles to numerous regions of the world, owing to rising demand for automobiles in the country as well as globally.

North America Automotive Parts Die Casting Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Parts Die Casting Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Parts Die Casting Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Parts Die Casting Market - Supply Chain
  4.5. Global Automotive Parts Die Casting Market Forecast
     4.5.1. Automotive Parts Die Casting Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Parts Die Casting Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Parts Die Casting Market Absolute $ Opportunity
5. Global Automotive Parts Die Casting Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Parts Die Casting Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Parts Die Casting Demand Share Forecast, 2019-2026
6. North America Automotive Parts Die Casting Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Parts Die Casting Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Parts Die Casting Demand Share Forecast, 2019-2026
7. Latin America Automotive Parts Die Casting Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Parts Die Casting Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Parts Die Casting Demand Share Forecast, 2019-2026
8. Europe Automotive Parts Die Casting Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Parts Die Casting Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Parts Die Casting Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Parts Die Casting Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Parts Die Casting Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Parts Die Casting Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Parts Die Casting Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Parts Die Casting Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Parts Die Casting Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Parts Die Casting Market: Market Share Analysis
  11.2. Automotive Parts Die Casting Distributors and Customers
  11.3. Automotive Parts Die Casting Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The North America automotive parts die casting market is segmented on the basis of

Material

  • Aluminum
  • Zinc
  • Magnesium
  • Others

Production

  • Pressure Die Casting
  • Vaccum Die Casting
  • Squeeze Die Casting
  • Semi-solid Die Casting

End-users

  • Engine Parts
  • Transmission Components
  • Body Parts

Regions

  • The US
  • Canada
  • Mexico

Key Players

  • Rheinmetall AG
  • RYOBI Die Casting
  • Martinrea Honsel
  • KSM Casting

Major players competing in the North America automotive parts die casting market include Rheinmetall AG, RYOBI Die Casting, Martinrea Honsel, and KSM Casting.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

North America Automotive Parts Die Casting Market

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