Die Casting in Automotive Industry 2020 - Size, Share, Market Trends and Forecast 2023

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The Die Casting in Automotive Industry has seen consistent growth in the last few decades. Die casting is a metal casting process involving forcing a molten metal stream under high pressure into a mold cavity within a precise time interval. The mold cavity is manufactured using machine hardened tool steel dies. These dies work similarly to an injection mold during the process of manufacturing of the automobile components. Majority die castings are manufactured from non-ferrous metals such as zinc, aluminum, copper, magnesium, or alloys of composite metals.

On the basis of production process, the pressure die casting process is the most widely used in the automotive industry. This process is a quick, reliable and cost-effective method for the manufacturing of auto components that have considerable strength, are long-lasting and help in the manufacture of an affordable automobile. The squeeze die casting process is quite similar to the process of pressure die casting.  The molten metal is passed through the narrow slits in the die at high pressure. This provides the metal, the required strength and shape along with the hardness level. On the basis of the raw materials, the most commonly used materials that are used to manufacture the die, are aluminum and zinc. Both these metals are highly malleable and can be easily molded into any desired shape. Thus the die manufactured from these metals can be produced if any desired intricate shape, size and possess high strength for repeat multiple use over a period of time. On the basis of the application types, the die casting process is the most commonly used for the manufacture of engine parts and other intricate components such as transmission parts. These parts require precise detailing and are of varied sizes, which are difficult to manufacture on a cutting machine directly.      

Passenger vehicles are expected to dominate the Global Die Casting in Automotive Industry by vehicle type segment during the forecast period

On the basis of vehicle type, the passenger vehicles are expected to drive the Die Casting in Automotive Industry due to some reasons. The global automobile manufacturers have adopted mass production for the last couple of decades. Automation and mass production help in reducing the cost of production of the automobile. This lowered cost can be passed to the end consumer and thus the automobile customer can purchase the vehicle at discounted rates. Due to the increase in the purchasing power of the global middle-class customer, the sales of automobiles will consistently grow. The automobile customer is more concerned about the vehicle safety and performance. The vehicle performance and longevity, depend upon the quality production process undertaken for vehicle manufacture. Thus, the die casting process used for the manufacture of critical automobile components will help increase the automobile quality while bringing down the cost.

The key players in Die Casting in Automotive Industry are Alcast Company (U.S.), Dynacast, LLC (U.S.), Endurance Technologies Limited (India), Gibbs Die Casting Corp (U.S.), Rockman Industries (India), and Ryobi Die Casting Inc. (U.S.). Kinetic Die Casting Company, Inc. (U.S.), Magic Precision, Inc. (China), Meridian Lightweight Technologies Inc. (England), and Mino Industry USA, Inc. (U.S.) are among others.

 

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