Market Size of North America Automotive Parts Aluminum Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Automotive Parts Aluminium Die Casting Market Analysis
The North America automotive parts aluminium die casting market is expected to grow at a CAGR of over 6% during the forecasted period (2020 - 2025)
- North American countries are making good contribution to the automotive industry with die-casting being support pillar for the market growth. Automotive industry is witnessing an upswing, with die casting makers their presence worth. Production of automobile has been witnessing a lucrative growth in United States, Canada, and Mexico, with 16.8 million vehicles manufactured in 2019 .
- Aluminium is the widely used raw material in automotive die-casting. Production standards have risen, as die casting features meticulous process types, making the market grow.
- With the increasing pollution levels around the world, carmakers are looking for lightweight components for reducing fuel consumption and curbing the emission of harmful pollutants into the atmosphere.
- Aluminum provides weight saving upto 50% compared to the traditional mild steel structure. Aluminum has equal or more superior strength and absorbs twice crash-induced energy.
- Lowering the vehicle weight will allow downsizing engine, transmission, suspension, and wheels is driving growth in the market. To meet the emissions regulations and policies OEMs are trying to reduce weight of automobiles by employing lightweight non-ferrous metals.
- Using aluminium die casting parts has been adapted as the main strategy. Aluminium is a sustainable and resource-efficient material. It can be recycled; the world average remains 45% (as of May 2020). Aluminium pressure parts are later used in recycling process to form aluminium alloys which have very large applications.
North America Automotive Parts Aluminium Die Casting Industry Segmentation
The North America Automotive Parts Aluminium Die Casting Market report covers a detailed study on the latest trends and innovations in the market which is segmented by Production Process type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting), Application Type (Body Assembly, Engine Parts, Transmission Parts and Others) and Countries.
| By Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Squeeze Die Casting | |
| Semi-Solid Die Casting |
| By Application Type | |
| Body Assembly | |
| Engine Parts | |
| Transmission Parts | |
| Others |
| By Countries | |
| United States | |
| Canada | |
| Rest of North America |
North America Automotive Parts Aluminum Die Casting Market Size Summary
The North America automotive parts aluminium die casting market is poised for significant growth, driven by the increasing demand for lightweight components in the automotive industry. As car manufacturers strive to reduce fuel consumption and emissions, aluminium has emerged as a preferred material due to its weight-saving properties and superior strength. The market is supported by the robust automotive production in the United States, Canada, and Mexico, with advancements in die casting processes enhancing production standards. The shift towards aluminium die casting is further bolstered by its sustainability and recyclability, aligning with the industry's focus on meeting stringent emissions regulations. The vacuum die casting segment, in particular, is expected to see substantial growth, offering improved weldability and quality for automotive components.
The United States stands out as a major player in the North American market, with a growing demand for vehicles and a rise in disposable income among middle-class consumers. Despite challenges posed by the COVID-19 pandemic, initiatives to revitalize the automotive sector are expected to drive demand for aluminium die casting. The increasing popularity of electric vehicles and technological advancements are anticipated to further boost the demand for lightweight die casted parts. However, the market faces competition from emerging composite materials, which offer similar benefits at a higher cost. The presence of key players such as Dynacast and Pace Industries highlights the competitive landscape, with strategic acquisitions and expansions aimed at enhancing market presence.
North America Automotive Parts Aluminum 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 By 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 Squeeze Die Casting
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2.1.4 Semi-Solid Die Casting
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2.2 By Application Type
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2.2.1 Body Assembly
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2.2.2 Engine Parts
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2.2.3 Transmission Parts
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2.2.4 Others
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2.3 By Countries
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Rest of North America
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North America Automotive Parts Aluminum Die Casting Market Size FAQs
What is the current North America Automotive Parts Aluminum Die Casting Market size?
The North America Automotive Parts Aluminum Die Casting Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in North America Automotive Parts Aluminum Die Casting Market?
Pace Industries, Kemlows Diecasting Products Ltd, Samkee Automotive, Amtek Group and Dynacast Inc. are the major companies operating in the North America Automotive Parts Aluminum Die Casting Market.
