The report titled Global Automotive Parts Zinc Die Casting Market covers definition, applications, classification, value chain structure and market performance by key leading countries/regions. In a detailed research methodology – wise, the Automotive Parts Zinc Die Casting analysis with various aspects corresponding to the Globally Automotive Parts Zinc Die Casting Market.
In further, the Automotive Parts Zinc Die Casting Market includes drivers, restraints, threats, opportunities, trends, geographical/regional Automotive Parts Zinc Die Casting markets, and competitive landscape.
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The increasing demand for light weight vehicles, in an attempt to reduce COâ emissions, is identified as one of the primary drivers for the growth of this market. European Commission has targeted to reduce the vehicle emissions to an average fleet emission of 175g CO2/km by 2017 and 147g CO2/km by 2020 for the light vehicle segment. Manufacturers were mandated to meet the emission targets of 175g CO2/km in 70% of the commercial vehicle fleet in 2014 and were expected to do so in 75% of their LCVs in 2015, 80% in 2016, and 100% of their fleet by 2017. As a result, major OEMs shifted their focus on manufacturing lightweight automobiles. In addition, the demand for sturdy, corrosion-resistant, and stable automotive components has driven the demand for aluminum, magnesium, and zinc die cast components.
Technology Trends
The introduction of simulation-based castings is one of the key trends that will drive the growth of the die casting market, across the world, in the forthcoming years. The simulation-based casting process is used to produce components that are cost-effective, have high-precision, and are reliable. This casting process involves various benefits, one of which is that it ensures an easy and accurate fault detection. Simulation-based manufacturing results in reduced wastage and operational costs. Additionally, they can also predict defects and their location easily, and more precisely than the conventional method.
Zinc has become one of the major metals utilized in the automotive industry. Strength, ductility, and weight management in an automobile are made easy, by employing zinc die castings. The price of zinc raw material is expected to escalate over the next few years, which could be attributed to supply shortage caused due to the closure of one of the worldâs largest zinc. Until the zinc industry puts up new mines in operation, a period of zinc shortage will exist, which will escalate the price of zinc raw material dramatically. This, in turn will result in the slow growth of the zinc parts die casting market.
Major players: CASTWEL AUTOPARTS PVT LTD., DYNACAST, ENDURANCE GROUP, GIBBS DIE CASTING GROUP, KINETIC DIE CASTING COMPANY, MINO INDUSTRY USA, INC, amongst others.
Top Players of Automotive Parts Zinc Die Casting Market are listed below:
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Geographically, this Global report majorly split into several regions, covering
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The Automotive Parts Zinc Die Casting Report provides the landscape and growth with the product lifecycle over the coming years, market space, market opportunities, market risk, the market overview of the Automotive Parts Zinc Die Casting. It explains the gap between supply and consumption, tables and figures, SWOT analysis of the leading enterprises in the Automotive Parts Zinc Die Casting Report. Further, the Automotive Parts Zinc Die Casting Report is examined for price, cost and gross. Additionally, it provides a valuable source of suggestions and direction for enterprises and individuals who are taking part in this market.