United States Automotive Parts Die Casting Market Trends, Share, Size, Demand and Future Outlook
United States Automotive Parts Die Casting Market Growth, Size, Trends Analysis- By Process, By Raw Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2024 | Report ID: AMIN24226 | Pages: 1 - 107 | Formats*: |
| Category : Automotive & Transportation | |||
United States Automotive Parts Die Casting Market Introduction and Overview
According to SPER Market Research, the United States Automotive Parts Die Casting Market is estimated to reach USD XX billion by 2033 with a CAGR of 6.25%.
The report includes an in-depth analysis of the United States Automotive Parts Die Casting Market, including market size and trends, product mix, applications, and supplier analysis. Die casting is the term used to describe the technique of producing accurate and complex automobile components by injecting molten metal under high pressure into a mould. Wheels, engine blocks, gearbox boxes and many other vital automotive components are produced using this technology on a large scale.
- In November 2023, Tooling & Equipment International, a Livonia, Michigan-based company that develops and produces casting moulds and tooling, prototypes, and low-volume production castings, was acquired by General Motors Corp. In order to produce automobile castings in large quantities, including cylinder heads, cylinder blocks, drivelines, chassis, and suspension castings, General Motors (GM) will leverage Tooling & Equipment International's expertise in mould and core box design.
- In November 2023, Linamar announced that it will use its new gigacasting facility in Ontario to sell its goods to the EV industry. The gigacasting plant owned and run by a North American parts manufacturer will be the first one when it opens at Linamar.
Market Opportunities and Challenges
Opportunities: The expanding trend of electric and hybrid vehicles has had a substantial impact on the demand for automotive parts die casting. To maximise energy efficiency and range, these vehicles require specialised components that are both lightweight and sturdy. Die casting enables the manufacture of high-strength parts with sophisticated designs required for electric vehicle components such as motor housings, battery enclosures, and heat sinks. As the popularity of electric and hybrid vehicles grows, so does the demand for die-cast components designed to meet their special needs. The need for die-cast automobile parts has also increased due to the focus on fuel economy and emissions reduction in conventional internal combustion engine vehicles. Die-casting produces lightweight parts that help reduce the overall weight of the vehicle, increasing fuel economy and minimising pollutants. The automotive sector is constantly striving to meet consumer and regulatory expectations for more environmentally friendly and fuel-efficient vehicles, which creates a demand for new die-cast parts that maximise performance while reducing environmental effect.
Challenges:
Price volatility for raw materials - Growth in the market is hampered by fluctuations in the cost of zinc, magnesium, and aluminium, three basic die casting materials. Price fluctuations and supply chain interruptions can raise expenses and hinder the use of die casting technology.
Shortage of skilled workers - The complex technology used in car parts die casting necessitates a qualified workforce. Traditional automobile manufacture did not require such specialised knowledge, resulting in a skills deficit. Recruiting and training experienced personnel to run die casting facilities can raise operating costs and provide hurdles for market participants.
Market Competitive Landscape
Shiloh Industries, Ryobi Die Casting Inc, Nemak, GF Casting Solution, and Rheinmetall automobile AG are some of the major competitors in the US automobile components die casting industry.
To grow their market shares, some of these companies are employing a variety of market tactics, including capacity growth, partnerships, collaborations, mergers, acquisitions, and product launches.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Process, By Raw Material |
| Regions covered | Northeast, South, Midwest, West |
| Companies Covered | Nemak, Endurance Technologies, Shiloh Industries, Georg Fischer Limited, Bocar Group, Rheinmetall AG, Rockman Industries, Ryobi Die Casting LTD. |
COVID-19 Impact on United States Automotive Parts Die Casting Market
The COVID-19 epidemic has altered demand for automobile components die casting in the United States. While the early phase saw disruptions in manufacturing and supply networks, the recovery phase showed an increase in demand for automobiles. As the automotive sector recovered, the demand for die-cast components increased to supply the pent-up demand for automobiles. To properly satisfy market demands, manufacturers have increased production capacity and invested in new die casting technology.
Key Target Audience:
- Automobile Manufacturers (OEMs)
- Automotive Parts Suppliers
- Electric Vehicle Manufacturers
- Tier-1 and Tier-2 Suppliers
- Lightweight Vehicle Manufacturers
- Automotive Aftermarket Suppliers
- Construction and Heavy Equipment Manufacturers
- Automotive R&D and Engineering Firms
- Aluminum and Magnesium Suppliers
Our in-depth analysis of the United States Automotive Parts Die Casting Market includes the following segments:
| By Process: | |
| By Raw Material: |
Key Topics Covered in the Report:
- United States Automotive Parts Die Casting Market Size (FY’2024-FY’2033)
- Overview of United States Automotive Parts Die Casting Market
- Segmentation of United States Automotive Parts Die Casting Market By Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, Others)
- Segmentation of United States Automotive Parts Die Casting Market By Raw Material (Aluminium, Magnesium, Zinc)
- Statistical Snap of United States Automotive Parts Die Casting Market
- Expansion Analysis of United States Automotive Parts Die Casting Market
- Problems and Obstacles in United States Automotive Parts Die Casting Market
- Competitive Landscape in the United States Automotive Parts Die Casting Market
- Impact of COVID-19 and Demonetization on United States Automotive Parts Die Casting Market
- Details on Current Investment in United States Automotive Parts Die Casting Market
- Competitive Analysis of United States Automotive Parts Die Casting Market
- Prominent Players in the United States Automotive Parts Die Casting Market
- SWOT Analysis of United States Automotive Parts Die Casting Market
- United States Automotive Parts Die Casting Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United States Automotive Parts Die Casting Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Automotive Parts Die Casting Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Automotive Parts Die Casting Market
7. United States Automotive Parts Die Casting Market, By Process (USD Million) 2020-2033
7.1. United States Automotive Parts Die Casting Market Size, Share and Forecast, By Process, 2020-20267.2. United States Automotive Parts Die Casting Market Size, Share and Forecast, By Process, 2027-20337.3. Pressure Die Casting7.4. Vacuum Die Casting7.5. Squeeze Die Casting7.6. Others
8. United States Automotive Parts Die Casting Market, By Raw Material (USD Million) 2020-2033
8.1. United States Automotive Parts Die Casting Market Size, Share and Forecast, By Raw Material, 2020-20268.2. United States Automotive Parts Die Casting Market Size, Share and Forecast, By Raw Material, 2027-20338.3. Aluminium8.4. Magnesium8.5. Zinc
9. United States Automotive Parts Die Casting Market Forecast, 2020-2033 (USD Million)
9.1. United States Automotive Parts Die Casting Market Size and Market Share
10. United States Automotive Parts Die Casting Market, By Region, 2020-2033 (USD Million)
10.1. United States Automotive Parts Die Casting Market Size and Market Share By Region (2020-2026)10.2. United States Automotive Parts Die Casting Market Size and Market Share By Region (2027-2033)10.3. Northeast10.4. South10.5. Midwest10.6. West
11. Company Profile
11.1. Nemak11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Endurance Technologies11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. Shiloh Industries11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Georg Fischer Limited11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Bocar Group11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Rheinmetall AG11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Rockman Industries11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Ryobi Die Casting LTD11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Automotive Parts Die Casting Market size is USD XX billion from 2024 to 2033.
United States Automotive Parts Die Casting Market is covered By Process, By Raw Material
The North America is anticipated to have the highest Market share in the United States Automotive Parts Die Casting Market.
The Key players in the Market include Companies Covered Nemak, Endurance Technologies, Shiloh Industries, Georg Fischer Limited, Bocar Group, Rheinmetall AG, Rockman Industries, Ryobi Die Casting LTD.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
United States Automotive Parts Die Casting Market is projected to reach USD XX billion by 2033, growing at a CAGR of 6.25% during the forecast period.
United States Automotive Parts Die Casting Market grew in Market size from 2024. The Market is expected to reach USD XX billion by 2033, at a CAGR of 6.25% during the forecast period.
United States Automotive Parts Die Casting Market CAGR of 6.25% during the forecast period.
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