Market Size of Italy Automotive Parts Zinc Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Italy Automotive Parts Zinc Die Casting Market Analysis
The Italy automotive parts zinc die casting market is anticipated to register a CAGR of over 3 %, during the forecast period (2020 - 2025).
- The usage of zinc die casting is almost 28% in the automotive industry, for applications, like inertia disks, retractor gears, etc., followed by the building and hardware sectors. Along with merits, like resistance, versatility, toughness, and low cost, zinc die casting produces low-level emissions in air and water.
- In order to reduce automobile emissions and increase fuel efficiency, CAFÉ standards and EPA policies are driving the automakers to reduce the weight of the automobile, by employing lightweight non-ferrous metals. Employing die-cast parts as a weight reduction strategy is a major driver for the automotive segment of the market. Although heavier than aluminum, the lower cost of these parts and higher intricacy allowance make them more suitable in certain applications.
- As compared to other die casting parts, zinc die casting parts are usually equipped with better mechanical properties, like toughness, and offer higher surface finish and lower thermal shock during casting (as a result of their lower operating temperature).
- The market witnesses opportunities in the form of the increasing electric vehicle sales, which require higher density of lightweight components. Major companies, like Dynacast, are focusing on identifying affordable raw materials and alloys that offer better durability.
Italy Automotive Parts Zinc Die Casting Industry Segmentation
The Automotive Parts Zinc Die Casting Market is Segmented by Production Process Type (Pressure Die Casting, Vacuum Die Casting, and Other Production Process Types), Application Type (Body Assemblies, Engine Parts, Transmission Parts, and Other Application Types). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
| Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Others |
| Application Type | |
| Engine Parts | |
| Transmission Components | |
| Body Parts | |
| Others |
Italy Automotive Parts Zinc Die Casting Market Size Summary
The Italy automotive parts zinc die casting market is poised for steady growth, driven by the increasing demand for lightweight components in the automotive industry. Zinc die casting is favored for its resistance, versatility, toughness, and cost-effectiveness, making it a preferred choice for applications such as inertia disks and retractor gears. The push for reduced automobile emissions and improved fuel efficiency, in line with CAFÉ standards and EPA policies, has led automakers to adopt lightweight non-ferrous metals, with zinc die casting playing a crucial role despite being heavier than aluminum. The market is also benefiting from the rise in electric vehicle sales, which necessitate a higher density of lightweight components. Companies like Dynacast are actively seeking affordable raw materials and alloys to enhance durability, further propelling market growth.
The market landscape is characterized by a few dominant players, including Dynacast, Brillcast Manufacturing LLC, and Pace Industries, who are investing in research and development to deliver high-quality products. The shift from pressure die casting to vacuum die casting processes is gaining traction due to its superior welding characteristics and mechanical strength. Despite past declines in demand due to socio-political factors and regulatory uncertainties, Italy remains a significant market within the European Union, supported by a diverse range of vehicle models and fuel types. The country's foundry industry is experiencing growth through foreign endorsements and trade, contributing to the market's resilience and expansion.
Italy Automotive Parts Zinc Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Production Process Type
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2.1.1 Pressure Die Casting
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2.1.2 Vacuum Die Casting
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2.1.3 Others
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2.2 Application Type
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2.2.1 Engine Parts
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2.2.2 Transmission Components
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2.2.3 Body Parts
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2.2.4 Others
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Italy Automotive Parts Zinc Die Casting Market Size FAQs
What is the current Italy Automotive Parts Zinc Die Casting Market size?
The Italy Automotive Parts Zinc Die Casting Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Italy Automotive Parts Zinc Die Casting Market?
Ashok Minda Group, Pace Industries, Dynacast, Brillcast Manufacturing LLc and Sandhar Technologies Ltd. are the major companies operating in the Italy Automotive Parts Zinc Die Casting Market.
