Pre-order Enquiry
Request Free Sample
Global Automotive Aluminum Parts High Pressure Die Casting (HPDC) Market – Segmented by Auto-parts (Body-in-White (BIW),Chassis), Vehicle Type (Passenger, Commercial), and Geography - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-13104651 | Publishing Date : 01-Aug-2018 | No. of pages : 103
The global automotive aluminum parts high pressure die casting market is expected to grow at a CAGR of 7.81% during the forecast period, 2018-2023, owing to the growing demand for lightweight vehicles necessitated by the need to adhere to the increasing stringent fuel economy standards.
The high pressure die casting (HPDC) process for automotive parts has been gradually increasing among die casting manufacturers as the overall output of the process resulted in designing smooth surfaces and thin wall components within short casting cycles. Also, HPDC has also been recognized as a well-suited process in the growing world of automation.
Growing Demand for Lightweight Aluminum Auto parts
Aluminum components have been deployed in the automotive industry since the early 20th century. The growing demand for emission standards across the globe has urged automakers to adopt more lightweight auto parts in vehicles, which has resulted in an increased usage of aluminum materials from approximately 220 pounds to 340 pounds per car during 2000-2017. The trend for lightweight materials is likely to continue with the growing electric vehicles demand in the automotive industry. Thus, aluminum is anticipated to be highly used during the forecast period. However, there are other composite materials cheaper than aluminum, such as carbon composites and other metal alloys, etc., that are being experimented and introduced in the automotive industry successfully over a period from 2015 to 2017. The other composite materials are likely to slightly hinder the growth of automotive aluminum high pressure die casting parts during the forecast period.
Growing Expansion Activities for Aluminum HPDC Process among Manufactures
Many die casting parts manufacturers across the globe have significantly invested in the expansion of the aluminum high pressure die casting production process for automotive industry. During 2017-2018, North America has been recognized as one of the major regions with a larger number of investments and expansions of new production plants by major manufacturers like Nemak, Bocar, and George Fischer, mainly in the United States and Mexico. Europe and Asia-Pacific have also seen an increase in the production capacity of aluminum HPDC parts for automotive industry, owing to the increasing sales of electric vehicles in these regions during 2016-2017.
Key Developments in the Automotive Aluminum Parts High Pressure Die Casting (HPDC) Market:
Oct 2016: Georg Fischer Linamar, the joint venture between Linamar and GF Automotive, has opened its first US production facility in Mills River, North Carolina, which focuses on high pressure die casting of lightweight parts made of aluminum and magnesium for the automotive industry. The facility has already secured major purchase orders and anticipates to invest about USD 100 million over the next five years.
March 2017: Nemak inaugurated a new high pressure die casting plant in Monterrey, Mexico. The production in the new plant started in the first semester of 2017 and includes aluminum automotive components such as engine blocks, transmission cases, and structural parts. The total investment involved is about USD 200 million.
Automotive Aluminum Parts High Pressure Die Casting (HPDC) Market Major Players: Georg Fischer Limited, Rheinmetall Automotive, Ryobi Die Casting Inc., and Nemak, Endurance Technologies among others
Reasons to Purchase Automotive Aluminum Parts High Pressure Die Casting (HPDC) Market Report:
Trends in the automotive industry that is driving the growth of aluminum parts high pressure die casting market.
Various perspectives of the market with the help of Porter’s five forces analysis.
Study on the type of automotive parts that is expected to dominate the market.
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).
Customization of Automotive Aluminum Parts High Pressure Die Casting (HPDC) Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
The high pressure die casting (HPDC) process for automotive parts has been gradually increasing among die casting manufacturers as the overall output of the process resulted in designing smooth surfaces and thin wall components within short casting cycles. Also, HPDC has also been recognized as a well-suited process in the growing world of automation.
Growing Demand for Lightweight Aluminum Auto parts
Aluminum components have been deployed in the automotive industry since the early 20th century. The growing demand for emission standards across the globe has urged automakers to adopt more lightweight auto parts in vehicles, which has resulted in an increased usage of aluminum materials from approximately 220 pounds to 340 pounds per car during 2000-2017. The trend for lightweight materials is likely to continue with the growing electric vehicles demand in the automotive industry. Thus, aluminum is anticipated to be highly used during the forecast period. However, there are other composite materials cheaper than aluminum, such as carbon composites and other metal alloys, etc., that are being experimented and introduced in the automotive industry successfully over a period from 2015 to 2017. The other composite materials are likely to slightly hinder the growth of automotive aluminum high pressure die casting parts during the forecast period.
Growing Expansion Activities for Aluminum HPDC Process among Manufactures
Many die casting parts manufacturers across the globe have significantly invested in the expansion of the aluminum high pressure die casting production process for automotive industry. During 2017-2018, North America has been recognized as one of the major regions with a larger number of investments and expansions of new production plants by major manufacturers like Nemak, Bocar, and George Fischer, mainly in the United States and Mexico. Europe and Asia-Pacific have also seen an increase in the production capacity of aluminum HPDC parts for automotive industry, owing to the increasing sales of electric vehicles in these regions during 2016-2017.
Key Developments in the Automotive Aluminum Parts High Pressure Die Casting (HPDC) Market:
Oct 2016: Georg Fischer Linamar, the joint venture between Linamar and GF Automotive, has opened its first US production facility in Mills River, North Carolina, which focuses on high pressure die casting of lightweight parts made of aluminum and magnesium for the automotive industry. The facility has already secured major purchase orders and anticipates to invest about USD 100 million over the next five years.
March 2017: Nemak inaugurated a new high pressure die casting plant in Monterrey, Mexico. The production in the new plant started in the first semester of 2017 and includes aluminum automotive components such as engine blocks, transmission cases, and structural parts. The total investment involved is about USD 200 million.
Automotive Aluminum Parts High Pressure Die Casting (HPDC) Market Major Players: Georg Fischer Limited, Rheinmetall Automotive, Ryobi Die Casting Inc., and Nemak, Endurance Technologies among others
Reasons to Purchase Automotive Aluminum Parts High Pressure Die Casting (HPDC) Market Report:
Trends in the automotive industry that is driving the growth of aluminum parts high pressure die casting market.
Various perspectives of the market with the help of Porter’s five forces analysis.
Study on the type of automotive parts that is expected to dominate the market.
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).
Customization of Automotive Aluminum Parts High Pressure Die Casting (HPDC) Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Request Sample
Request Discount
