The report presents an in-depth assessment of the Die Casting Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Die Casting investments from 2021 till 2025.
Die Casting market is growing at a CAGR of 6.13% during the forecast period (2021-2025).
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The Die Casting market is highly competitive and consists of a number of major players. Top Companies like Form Technologies Inc. (Dynacast), Nemak, Endurance Technologies, Sundaram Clayton Ltd, Shiloh Industries, Georg Fischer Limited, Koch Enterprises (Gibbs Die Casting Group), Bocar Group, Engtek Group, Rheinmetall AG (Rheinmetall Automotive, formerly KSPG AG), Rockman Industries, Ryobi Die Casting Ltd, Linamar Corporation, Meridian Lightweight Technologies UK Ltd, Sandhar Group
Scope of the Report
– The market studied 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 casts in electrical and electronics.
– The CAF 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 non-ferrous metals. Subsequently, employing die-cast parts as a weight reduction strategy is acting as a major driver for the former market in automotive segment.
– However, crunch in raw material supply, volatility in raw material prices, and environmental regulations on emission for the metallurgy industries are acting as major barriers for the market growth.
Key Market Trends
Cost Issues and Resource Inefficiencies
In the light of climatic changes, the global regulatory authorities have set predefined targets for climate protection and energy savings and thereby have made huge initiatives to implement them in recent years. The decisions and measures adopted to protect the climate are having a significant impact on the die casting foundries. The European Union has plans to bring down the primary energy usage to around 20% by the year 2020. The energy savings target (i.e., to cut primary energy usage) has been formulated for the subsequent period, extending to the year 2050.
Asia-Pacific accounts to more than 55% of the Die Casting Market
With the growth in automotive lighting and energy-saving trends, expanding the industrial and manufacturing sector, the die casting market grew substantially in the Asia-Pacific region. Cheaper labor and low manufacturing costs in India and China further propelled the market growth in these countries. During the past two decades, small privately run factories in this region have become much competitive and professional in producing die-cast components. However, the market in Asia-Pacific for automobile and related products was subjected to imperfect competition, which resulted in too much of everything too much capacity, too many competitors and too much redundancy and overlap.
Thailand is emerging as a major automobile exporting country, driven by Japanese FDI. Chinese manufacture sector is growing very fast and is poised to make its dent in the international trade arena. India is consolidating its position with strong domestic and external demand for high-quality die-cast components at lower prices. All these factors together are driving the market for die casting parts market in the Asia-Pacific region.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Die Casting Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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