Global Die Casting Services Market, By Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, Gravity Casting, Others), Raw Material (Aluminum, Magnesium, Zinc), Application (Automotive, Electrical and Electronics, Industrial Appliances, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Die Casting Services Market
The die casting services market is expected to witness market growth at a rate of 7.94% in the forecast period of 2021 to 2028. Data Bridge Market Research report on die casting services market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand from the end user industries is escalating the growth of die casting services market.
Die casting services refer to the automated casting processes used to produce metal parts of particular shapes in which molten material is forced into mold under pressure. It is considered mold under pressure. This technique is highly beneficial for producing large number of products quickly. This process is capable of enhancing the hardness properties of the metal including steel.
The increase in demand for hard metals across various industries, acts as one of the major factors driving the growth of die casting services market. The increase in demand for the technique for manufacturing light weight parts in the automobiles with the purpose of reducing weight of automobile parts and the use of the technique for mass production of complex metal parts and their rapid replication in thousands as it requires no extra machining to replicate the parts accelerate the die casting services market growth. The rise in the inclination towards die casting molds as they are considered much durable and accurate over plastic moldings that are affected by heat and are vulnerable and the growing use of the process to produce variety of mechanical, electrical and electronic goods further influence the die casting services market. Additionally, their extensive use in consumer electronics industry for manufacturing required parts, surge in spending power of consumers, urbanization and industrialization, expansion of end user industries especially automotive industry and surge in disposable income positively affect the die casting services market. Furthermore, technological advancements extend profitable opportunities to the die casting services market players in the forecast period of 2021 to 2028.
On the other hand, the fluctuations in the prices of raw materials and need for specific alloys for the process are the factors expected to obstruct the die casting services market growth. The environmental regulations for metallurgy industry and negative impact of COVID-19 on the manufacturing industry are projected to challenge the die casting services market in the forecast period of 2021-2028.
This die casting services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on die casting services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Die Casting Services Market Scope and Market Size
The die casting services market is segmented on the basis of process, raw material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of process, the die casting services market is segmented into pressure die casting, vacuum die casting, squeeze die casting, gravity casting and others.
- On the basis of raw material, the die casting services market is segmented into aluminum, magnesium and zinc.
- On the basis of application, the die casting services market is segmented into automotive, electrical and electronics, industrial appliances and other.
Die Casting Services Market Country Level Analysis
The die casting services market is analyzed and market size, volume information is provided by country, process, raw material and application as referenced above.
The countries covered in the global die casting services market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the die casting services market because of the highest sales of passenger vehicles and presence of favorable policies undertaken by governments across the region. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the growing automobile industry, cost-effective die casting manufacturing hubs in emerging nations and increase use in windmills and telecommunications in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Die Casting Services Market Share Analysis
The die casting services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to die casting services market.
The major players covered in the die casting services market report are Spark Minda, Ryobi Limited, Linamar, Kuusakoski, Nemak, Form Technologies, Expromet Technologies Group Ltd, MRT Castings Limited, Albert Handtmann Holding GmbH & Co. KG, Carltondiecast, Harrison Castings, JPM Group, Arrow Butler Castings Ltd., Lupton & Place Ltd, NovaCast Ltd, ELCEE, Koch Enterprises, Inc., Endurance Technologies Limited., Georg Fischer Ltd., Sundaram Clayton Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.