DUBLIN--(BUSINESS WIRE)--The "Automotive Parts Die Casting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The Automotive Die Casting Market is valued at USD 40.23 Billion in 2020 and is expected to reach USD 58.4 Billion by 2026 registering a CAGR of over 6.19% during the forecast period (2021-2026)

Companies Mentioned

  • Castwel Auto Parts Pvt Ltd
  • Die-casting Solutions GmbH
  • Dynacast
  • Endurance Group
  • Gibbs Die-casting Group
  • Kinetic Die-casting Company
  • Mino Industry USA, Inc.
  • Ningbo Parison Die-casting Co. Ltd
  • Raltor Metal Technik India Pvt. Ltd
  • Rockman Industries Ltd
  • Ryobi Die-casting Inc.
  • Sandhar Technologies Limited
  • Sipra Engineers
  • Spark Minda, Ashok Minda Group
  • Sunbeam Auto Pvt Ltd
  • Texas Die-casting
  • Tyche Diecast Private Limited

Key Market Trends

Vacuum Die Casting is Expected to Witness a High Growth Rate

There have been significant developments and improvements in the conventional die casting process. Currently, the ultra-high-vacuum die casting process is applied for producing large and thin component parts, such as space-frames and pillars, which are usually welded to automobile chassis.

Electrical and hydraulic components in an automobile work simultaneously. Reliability and quality are given prime importance in transmission parts. The transmission system in an automobile is a complex combination of mechanical functions. It is prone to extreme conditions and environments. This enhances the importance of integrity. Valve bodies, stators, and clutch pistons are some of the commonly die casted transmission parts in the automotive industry.

It has been accepted that ultra-vacuum die casting produces better weldable automotive products than most of the die casting processes. However, products produced in this process are large and require huge-sized die casting machine, like 2,500-4,000 metric ton of die clamping force. This impacted the popularity of the ultra-high-vacuum die casting process among OEMs and large die casters.

However, vacuum die casting production process eliminates the air from the mold and allows the front of molten metal to merge freely without forming any shuts or pores, which is a major issue in pressure die casting process.

A sudden shift from pressure die casting to vacuum may not be possible due to the higher productivity and ease of manufacture of the automotive die casting parts, which employ pressure die casting method. However, this change is gradual and expected to continue to increase, during the forecast period.

The Asia-Pacific Region is Dominating the Market

The Asia-Pacific region dominated the market studied and accounted for over 55% of market share in 2020, and it is also expected to witness the fastest growth rate during the forecast period.

The Chinese automotive industry accounted for 27.3% of the total demand for casting in the region. The Chinese economy is growing, and the disposable income of middle-class consumers is also increasing. This, in turn, reflects positively on the growing demand for the vehicle. Over the past five years, owing to the low production costs in the country, the production for vehicle production has gone up drastically.

Passenger car sales in 2020 have witnessed a 6.8% decline, to 19.29 million units in China as compared to the previous year. This decline has continued across the Asia Pacific region during 2020 due to the economic slowdown and the outbreak of the Corona Virus during the first quarter of 2020. However, with several initiatives taken by the country to boost the automotive industry, passenger car sales are expected to increase over the forecast period, which in turn is driving the demand for die casting market in the country.

Key Topics Covered:





4.1 Market Drivers

4.2 Market Restraints

4.3 Porter's Five Forces Analysis


5.1 Production Process Type

5.2 Raw Material

5.3 Application Type

5.4 Geography


6.1 Vendor Market Share

6.2 Company Profiles


For more information about this report visit https://www.researchandmarkets.com/r/ej8onw


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