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Die Casting Market 2019 dynamics (drivers, restraints, opportunities), plans, Competitive Landscape and Growth by Forecast to 2023

Die Casting

The Die Casting Market Report 2019-2023 focuses on the global Die Casting status, future forecast, growth opportunity, key market, and key players. 

The Die Casting Market report studies the global market size of Die Casting in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Die Casting in these regions. This research report categorizes the global Die Casting market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.

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The various contributors involved in the value chain of Die Casting include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • Empire Die Casting Company
  • Nemak
  • Ryobi Die Casting Inc.
  • Sandhar Technologies Ltd
  • KSPG AG
  • Grupo Antolin-Irausa
  • SA
  • Koch Enterprises (Gibbs Die Casting Group)
  • Dynacast
  • Sundaram – Clayton
  • Pace Industries
  • Endurance Group
  • Interplex Holdings Ltd
  • Shiloh Industries
  • Sigma Electric Manufacturing Corp.
  • Engtek Group
  • Lorom Industries
  • Alcoa Inc.
  • Faist Group
  • Brillcast Manufacturing
  • Georg Fischer Limited
  • Trimet Aluminum AG
  • Meridian Light Weight Technologies
  • Montupet SA
  • Rockman Industries

Overview of Die Casting Market Research Report 2019-2023:-

In 2017, the global die casting market was valued at USD 62.87 billion, which is projected to reach a value of USD 93.87 billion by 2023. The market is poised to register a CAGR of over 6.93% during 2019-2023 (the forecast period).

Rules levied by OSHA and initiatives by NADCA, to improve the technical workforce, are expected to improve the overall production of the die casting market. NADCA is working with several community colleges in the United States to create a die casting farm system. This initiative was undertaken because of the increased automation requirement and the growing demand for highly skilled workforce.

The automobile industry is highly dependent on the Environmental Protection Agency (EPA) regulations, owing to the high emissions of automotive units. The step by the EPA, to raise the mile per gallons standards to 35.5 mpg by 2016 and then 54.5 mpg by 2025, has actually accelerated the die casting industry, as the auto industry concluded that the only way it can get to those mileage standards is by reducing the weight of the vehicles. Aluminum die castings, in many of the power train and engine areas, is the one important way in which the industry can achieve this. This, in turn, is likely to fuel up the industry growth, in the area of structural die castings.

Increase in Automation in the Die Casting Industry has seen a Surge in Productivity

The die casting market has attracted the automotive industry, which is looking for highly durable die cast parts. Industrial machinery and piping manufacturers are increasingly employing die casting, since the past few years. The aerospace and defense industry is using die cast parts, increasingly. Increased automation in the die casting industry has spiked the productivity and, in turn, is attracting the attention of the automotive and other industrial manufacturers toward highly durable die casting parts. Employment of die castings in the industrial machinery and piping is on the rise since the past couple of years. Employing stronger aluminum components in agriculture and medical devices has also witnessed an increase.

Asia-Pacific is the largest market for die casting, which globally accounted for over 58% share in 2017. Further growth is imminent in the Asia-Pacific magnesium alloy die casting market for many new start-up companies because of an increasing preference of end users toward lower production costs. Established companies are posing a great challenge in terms of technological, reliability, and quality issues, which is leading to mergers and acquisition signed between smaller and established companies.

Technological Advancements and Innovation

Technological advancements in die casting revolves around high-tech requirements of the automotive and machinery industries. Over the past decade, major innovations have happened in power, transmission, body, steering, architecture, and instrumentation sectors. There have been advancements pertaining to the safety measures as well. Usage of non-ferrous metals in near net shape cast parts are one such heavily adopted application, wherein focus is given on fine details, involving surface conditions, complex shapes, and economy.

Die casting has become a preferred option for the machinery industries, as it can be utilized when there is a requirement in large quantities. Optimum casting techniques, along with best feature of design, help the industry save production costs. Through innovation in product and technology, the usability of die casting industry is increasing, which is further limiting the metal wastage and rejection rate. As a result of all these factors, non-ferrous die casting applications continue to draw the interest of designers.

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Reasons to Purchase the Report

  • Various perspectives of the market with the help of Porter’s five forces analysis
  • The product type that is expected to dominate the market
  • The regions that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)

    Key questions answered in the Die Casting Market Report are.

    • What will the market size be in 2023 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors? 

    Order a copy of Die Casting Market Report 2019 @ https://www.360researchreports.com/purchase/13103635

    This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Die Casting market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

    “We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

    Major Points from TOC of Die Casting Market Research Report 2019-2023:

    1. INTRODUCTION
      1 Study Deliverables
      1.2 Study Assumptions
      1.3 Scope of the Study
    1. RESEARCH METHODOLOGY
    1. EXECUTIVE SUMMARY
    1. MARKET DYNAMICS
      1 Drivers
      4.1.1 Rise in Defence Expenditure of Many Countries
      4.1.2 Increasing Demand of Lightweight Materials in the Industry
      4.2 Restraints
      4.2.1 Need for High Investments in R&D
      4.2.2 Other Restraints
      4.3 Industry Value-Chain Analysis
      4.4 Porters 5 Force Analysis
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Consumers
      4.4.3 Threat of New Entrants
      4.4.4 Threat of Substitute Products and Services
      4.4.5 Degree of Competition
      4.5 Price Analysis
    1. MARKET SEGMENTATION
      1 By Application
      5.2 End-user Sector
      5.2.1 Residential
      5.2.2 Commercial
      5.2.3 Institutional
      5.3 Geography
      5.3.1 Asia-Pacific
      5.3.2 North America
      5.3.3 Europe
      5.3.4 South America
      5.3.5 the Middle East & Africa

      Continued…

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