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・競争状況（Rockman Industries、Endurance Technologies Limited、Minda Corporation Limited、...）
The aluminum parts gravity die casting market was valued at USD 5,351 in 2020 million. It is projected to reach USD 7,413 million by 2026, registering a CAGR of about 4.82% during the forecast period (2021-2026).
During the COVID-19 outbreak in 2020, the entire supply chain of the automotive industry was significantly impacted. The OEMs struggled to keep their operations going. However, as the lockdown and restrictions were relaxed, the automotive industry and the aluminum parts gravity die casting market regained their momentum.
The market is largely driven by supply chain complexities in the die casting industry, the expanding automotive market, increasing penetration of die casting parts in industrial machinery, the growing constructional sector, and employing aluminum castings in the electrical and electronics sector.
The CAFÉ standards and EPA policies to cut down automobile emissions and increase fuel efficiency are driving the automakers to reduce weight of the automobile by employing lightweight metals. Subsequently, employing die-cast parts as a weight reduction strategy is acting as a major driver for the former market in the automotive segment.
Key Market Trends
Stringent EPA Regulations and Cafe Standards Driving Growth
The automobile regulatory frameworks in Europe and North America have been instrumental in creating a sustainable environment in the automobile industry.
The latest regulatory framework, Euro 6, which was introduced in 2011 and came into effect from September 2014 onward, changed the regulatory standards that have been crucial in determining the dynamics of the automotive market in the region. Since 2013, the EC (European Commission), along with EEA/EMEP, has been maintaining the record of emission performance standard for each new vehicle registered in Europe.
The emission regulations bind the automotive manufacturers together. The freight companies and fleet owners are rapidly moving toward incorporating more technologies that are expected to reduce the average emission rate.
- Thereby, a need to reduce vehicle weight for lowering emission levels has greatly encouraged the employment of die cast parts in vehicles.
- Automobile manufacturers are always looking for ways to make the vehicle components more efficient, in order to improve fuel efficiency of the vehicle and reduce carbon emissions. Lightweight construction, using efficient and cost-optimized aluminum die casted parts, plays a key role in achieving this goal. Companies, like Nemak, are focusing on the ‘lightweight’ trend and introducing electric vehicle products (manufactured by using HPDC process) into the automotive industry.
Asia-Pacific Remains the Largest Market
Asia-Pacific is the largest automotive market in the world. China is the world’s leading exporter of aluminum and aluminum products. In 2019, China’s exports of aluminum were valued at USD 26 billion, almost USD 10 billion more than Germany, the second-largest exporter.
China is among the world’s largest suppliers of car parts, exporting motor vehicle parts and accessories worth USD 33.63 billion in 2019. In addition to its low labor costs, China is known as “the world’s factory” due to its strong business ecosystem, lack of regulatory compliance, low taxes and duties, and competitive currency practices.
In FY 2020, aluminum production in India stood at 3.6 MT. India is the second-largest foundry industry that produces castings in the world. Foundries in India are capable of producing gravity die casting products that serve a wide range of applications conforming to international standards.
The government’s focus on the ‘Make in India’ initiative, developing the automotive industry, and the stringent emission norms is driving the market growth. In FY 2019, 6.7 lakh passenger vehicles were exported from India. Companies such as Hyundai, Kia, Maruti Suzuki, and Volkswagen are exporting Indian-made cars to the African region instead of setting up the factory there, due to low-cost manufacturing and availability of parts suppliers in India.
The market for aluminum parts gravity die casting is fragmented in nature, with the presence of many regional small-medium scale players across several countries, as well as large-scale/international players.
These key players focus their revenues on R&D to come up with better production processes and alloys. This strategy may assist in the production of premium quality die cast parts for the global automotive and industrial sectors. Key players have also expanded their operations globally, through various mergers, expansions, partnerships, joint ventures, and acquisitions. For instance, in 2021, Endurance Technologies announced the commencement of the commercial production of aluminum die castings and plans to carry out the integration of disc brake components with control brake modulators.
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
126.96.36.199 Parts and Components
188.8.131.52.1 Transmission Parts
184.108.40.206.2 Engine Parts
220.127.116.11.3 Brake Parts
18.104.22.168.4 Other Parts and Components
22.214.171.124 Vehicle Type
126.96.36.199.1 Passenger Cars
188.8.131.52.2 Commercial Vehicles
184.108.40.206.2.3 Other Vehicles (Agricultural and Off-road)
5.1.2 Electrical and Electronics
5.1.3 Industrial Applications
5.1.4 Other Applications
5.2.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.2.4 South America
220.127.116.11 Rest of South America
5.2.5 Middle-East and Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Rockman Industries
6.2.2 Endurance Technologies Limited
6.2.3 Minda Corporation Limited
6.2.4 Hitachi Metals Ltd
6.2.5 MAN Group Co. United Kingdom
6.2.6 MRT Castings Ltd
6.2.7 Harrison Castings Limited
6.2.8 Vostermans Companies
6.2.9 CIE Automotive
6.2.10 Sundaram Clayton Ltd
6.2.11 GWP Manufacturing Services AG
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
• 英文レポート名：Aluminum Parts Gravity Die Casting Market - Growth, Trends, COVID-19 Impact, and Forecasts ((2022 - 2027)
• レポートコード：MRC2203A728 ▷ お問い合わせ（見積依頼・ご注文・質問）