Automotive Parts Zinc Die Casting Market Size | Report 2032

Overview

The automotive parts zinc die casting market was valued at USD 5.17 billion in 2022 and is expected to grow to USD 7.99 billion by 2032 at a growing CAGR of 5.6% during the forecast period.

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The COVID-19 pandemic disrupted business focus for 2020, mainly due to a decline in global auto sales and production. Global auto sales fell 16% in 2020 compared to 2019. All major car-producing countries saw declines from 11% to nearly 40%. Europe accounts for approximately 22% of global production. However, with the start of automobile production in mid-2020, the market began to grow. In 2021, global auto sales will continue to increase over 2020.

In the long run, lightweight cars are becoming increasingly popular among automakers because they increase the fuel economy of the car by using lightweight automotive materials to create significant products. The increase in consumer demand for automotive safety products will also bring growth in the market. Because zinc die castings are used in the production of car safety parts, including other parts such as seats, brakes and sunroof.

To reduce vehicle emissions and increase fuel efficiency, CAFÉ standards and EPA regulations are forcing automakers to reduce vehicle weight by using stainless steel. The adoption of die castings as a weight reduction strategy is a major driver in the automotive industry. Although heavier than aluminum, these materials' lower cost and higher hardness make them better for certain applications.

Some automobile companies focus on zinc parts because zinc casting products go directly into the assembly process because zinc casting products already have a better quality, which reduces the special process. Zinc die castings generally have better properties (such as toughness) and better thermal and electrical properties compared to other die castings; This will increase the demand for zinc die castings in automobiles.

Automotive Parts Zinc Die Casting Market Trends

Vacuum Die Casting Dominates the Market

• Vacuum die casting dominates the automotive parts zinc die casting market in terms of revenue during the forecast period. Reliability and efficiency are critical in the construction of automobiles, especially in the transmission, because they must withstand all the pressure. Therefore, the vacuum casting process can be used to design and manufacture valve bodies, stators, and many other gearboxes, as it can produce high-quality automotive parts.
• In addition to gearboxes, the ultra-high vacuum casting process can also be used to design and manufacture valve bodies, stators, and many other gearboxes. The die-casting process also produces large, thin parts, such as chassis parts, which are often welded to the vehicle chassis.
• The automotive industry is constantly evolving, and OEMs focus on using these machines in factories to produce various automotive products made by large vacuum die-casting machines. The manufacturer wants to lead the market.
• Some companies have established cooperation and reasonable contracts with major OEMs and plan to use different strategies (new technology, new design, etc.).

For example:

• In January 2022, Lijin Technology Group and Guangdong Hongtu Technology Co., Ltd. announced that they had established a 6800T chassis-integrated structural production line and a 12000T chassis-integrated structural production line within the scope of cooperation. Structural parts integrated into the chassis. Signing a dead distribution is a new beginning.

Asia-Pacific - Leading the Market Growth

The automotive parts zinc die casting market is dominated by the Asia-Pacific region, followed by Europe and North America. With the development of light vehicles and the expansion of business and production, the automotive zinc die casting market in the Asia-Pacific region is growing rapidly. India is improving its position thanks to strong domestic and international demand for quality zinc die castings at low cost. The rapid expansion of small and medium-sized enterprises in the region will lead to economic growth.

The Chinese government plans to ban all diesel and gasoline vehicles by 2040, provide subsidies to automakers and encourage consumers to use electric vehicles. Increased production of electric vehicles such as passenger cars and commercial vehicles will support the sale of vehicles made from dead materials.

The European automobile industry is the most technological and innovative industry in the world. Due to the economic and political crisis, reducing fuel consumption and CO2 emissions has become an important criterion for automobile manufacturers in the region. This was achieved thanks to reduced weight of the car and better design and structure, which seems to be the best solution at the moment.

European Non-Ferrous Casting's average production per worker is 20 tons and the maximum is 58 tons. Additionally, more than 80% of the castings produced in Europe are delivered to the European region.

Automotive Parts Zinc Die Casting Industry Overview

• These companies focus on providing the best service to their customers by investing in R&D and expansion. Their goods.

For example:

• In November 2021, Pace Industries acquired Jackson Die Cast. With this acquisition, Pace Industries expanded its manufacturing facilities in the United States and Mexico.
• In August 2021, Linamar acquired Innovative Mechatronic Systems B.V. and announced its partnership with. of the Netherlands. Collaboration focused on bringing Archimedean Powertrain to market.
• In June 2021, Pace Industries moved its headquarters from Fayetteville, Arkansas, to Novi, Michigan. This move helped expand Detroit's product portfolio in the United States.

Automotive Parts Zinc Die Casting Market Leaders

• Sandhar Technologies Ltd
• Brillcast Manufacturing LLC
• Empire Casting Co.
• Dynacast
• Pace Industries
• Cascade Die Casting Group Inc.
• Minda Corporation Limited
• Bruschi S.p.A.
• PHB Corp.
• Ridco Zinc Die Casting Company
• Northwest Die Casting LLC
• Kemlows Diecasting Products Ltd

Automotive Parts Zinc Die Casting Market News

• In March 2022, BMW announced that multi-plate die casting machines are now used in mild steel production at BMW Group factories. With the development of new casting and demolding technologies using direct pouring in multi plate machines, functionally optimized part design rather than process optimized part design can be achieved during the pressure casting process. The new process also increases efficiency and reduces energy consumption compared to large, energy intensive pressure die casting machines.

Automotive Parts Zinc Die Casting Industry Segmentation

Die casting is pouring molten metal into a mold cavity at high pressure to make a custom-shaped object. Zinc metal is more accessible to cast than aluminum or magnesium metal. Zinc die casting has high productivity, excellent quality, and cost-effectiveness. Zinc die castings make vehicle parts, including seat belts, windscreen wipers, sunroofs, and chassis. The automobile parts zinc die casting industry is divided into three segments: production process, application type, and region.

Market Segmentation

By Production Process Type

• Pressure die casting
• Vacuum die casting
• Other Production Process Types

By Application Type

• Body Assemblies
• Engine Parts
• Transmission Parts
• Other Application Types

By Geography

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • South America
  • Middle-East and Africa