高圧ダイカスト市場 - 成長、傾向、予測
High Pressure Die Casting Market - Growth, Trends, and Forecast (2020 - 2025)
|発行||Mordor Intelligence LLP||商品コード||866754|
|出版日||ページ情報||英文 120 Pages
|高圧ダイカスト市場 - 成長、傾向、予測 High Pressure Die Casting Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日: 2020年02月01日||ページ情報: 英文 120 Pages||
The high pressure die casting market is estimated to register a CAGR of over 7% during the forecast period, 2020-2025.
The Automotive Segment Projected to Grow at a Fast Pace
The automotive segment of the global market is expected to witness the fastest growth rate during the forecast period.
Traditionally, conventional and high-tensile steel constituted a majority of share in the automotive parts.
Employment of non-ferrous die casts in engine, body-in-white, chassis, steering parts, etc., has witnessed considerable growth, over the past five years. In the present scenario, nearly 30%-35% of the auto components in a vehicle are made of aluminum alloys, which are mostly developed using high pressure die casting process, due to its higher output volumes and immense flexibility in component designing.
All regions across the world have been consistently working toward enacting regulations for reducing emissions and improving fuel economy, which in turn, is driving the market for aluminum high pressure die casted parts in the automotive industry. This led to an outlay in the modernization of vehicles and encouraged automobile manufacturers to exert aluminum high pressure die casted parts for manufacturing of light-weight vehicles.
Additionally, adoption of electrification, not only in the passenger car segment, but also in the commercial vehicle, has been increasing over the past few years and may continue to increase during the forecast period. For instance:
Some of the auto parts have been designed by zinc high pressure die casting (HPDC), where safety, corrosion resistant, and stability are the most required functionalities. Belt pretentioners, spark plug heads, housing of many starter motors, modern door locks, and door handles are some of the automotive application areas that prefer zinc HPDC parts. The adoption of zinc HPDC in automobiles may continue to increase during the forecast period, owing to the ongoing developments toward launching autonomous vehicles in the market, with driver's and passenger's safety as the main criteria for autonomous driving.
Asia-Pacific is Expected to Witness the Highest Growth
In 2019, the Asia-Pacific region dominated the global market and is also expected to witness the fastest growth rate during the forecast period. In the Asia-Pacific region, China is expected to dominate the regional market.
China is one of the largest automotive markets in the world. In 2016, the country registered more than 26,000 metal casting plants. The Chinese automotive industry accounted for 27.3% of the total demand for castings in the country. The advanced and efficient automatic die casting machines supported the demand for metal die castings in the country. Industrial restructuring, the upgrade of existing players, development of the latest technologies, and improved production rates have contributed to the Chinese high-pressure die casting market's growth.
Japan is the fourth largest producer of castings in the world. The number of metal casting foundries in Japan increased to 2,159. in Japan, the total casting production volume reached 5,490 thousand ton, with a production rate of 2,543 ton of castings per foundry. In 2016, the Japanese foundries manufactured over 1,380,570 metric ton of aluminum castings and 23,530 metric ton of zinc castings. Growing automobile industry, stabilizing industrial sector, consumer popularity for fuel-efficient vehicles, and latest advancements in die casting techniques are expected to drive the growth of the Japanese high-pressure die casting market.
The high pressure die casting market is fragmented with various players existing in the market.
Some of the major players dominating the market are Alcoa, KSPG AG, Shiloh Industries, GF Casting Solutions, Ryobi Die Casting Inc., and Nemak, and together they captured about 40% of the market in 2017.
Other players in the market studied include Pace Industries, Form Technologies (Dynacast), Endurance Group, and other domestic players, which together accounted for a market share of 60% in 2017.