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Europe Automotive Parts Die Casting Market - Growth, Trends, and Forecast (2019 - 2024)

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  • 70 Pages
  • June 2019
  • Region: Europe
  • Mordor Intelligence
  • ID: 4534323
UP TO OFF until Jun 30th 2023
Market Overview

The European automotive parts die casting market is anticipated to register a CAGR of about 7% during the forecast period (2019 – 2024).

The European industry, as a whole, has more than doubled the average amount of die-cast parts that are being used in passenger cars for the last 20 years. With just 50kg of aluminum parts per passenger vehicle in 1990 to over 500kg of it in the AUDI A8 model, the market for automotive parts die casting is evolving in the region and is expected to maintain a moderate growth for the coming five years. Non-ferrous castings in Europe registered an average performance of 36.5 tons per employee in 2017 according to the latest statistics from The European Foundry Association. Over 80% of the castings produced in Europe are consumed by the automotive industry.

CAFÉ standards and EPA policies, in order to cut down automobile emissions and increase fuel efficiency, are driving the automakers to reduce the weight of the automobile by employing lightweight non-ferrous metals. Demand from commercial vehicles segment is one other factor which is driving the market. On the flip-side, the shift towards Electric Vehicles is expected to act as a major restraint to the casting industry. A combustion engine contains approximately 220 casted parts, but only about 25 are needed for an electrical drive. Also, the number of people employed in the European non-ferrous casting foundries have been volatile since the past five years.

With new capital investments, anticipated economic stability and expected political reforms, the die casting industry in Europe is poised to experience moderate growth over the coming five years.

Scope of the Report

The European automotive parts die casting market has been segmented by production process type, application type, metal type, and geography.

Key Market Trends

Rising Demand from the Commercial Vehicle Segment

The underlying factor driving the growth of the light commercial vehicle market in Europe is the increased preference for pickup trucks and small vans over heavy-duty trucks and railways for logistics. The demand for lightweight vehicle components to integrate into light commercial vehicles is expected to significantly grow during the forecast period. The market is recovering from its period of a slump during the economic recession of 2010 and is expected to improve further over the forecast period because of the cost-effective benefits associated with using LCVs over other modes of transport especially in countries like Italy. In Italy, most of the farms are organic and family owned. These family-owned businesses lease commercial vehicles to transport their produce to nearby retail outlets, thus driving the market. Also, with new regulations mandating the LCVs to stay within the stipulated weight limit, it has become critical for the OEMs to focus on making LCVs with lighter material. The fast-growing e-commerce market in the region is also creating a huge demand for commercial vehicles to transport goods to different nations.

Germany, Italy, and Russia Expected to be the Three Largest Markets in Europe

The European automotive industry is known to be the most technically advanced and innovative industry in the world. Due to economic crises and political pressures, the reduction of fuel consumption and CO2 emission has become a major agenda for automobile manufacturers and the reducing weight of the automobile, through better design and constructions, seemed to be the most favorable solution. Solutions based on the intensive use of non-ferrous metals as modified or new alloys are being developed specifically for the automotive industry needs.

Country-wise, Germany, Italy, and Russia are expected to occupy the top three spots accounting for nearly 60% of the total market. Although France is the second largest ferrous casting country within the European region, when it comes to non-ferrous castings and die casting in particular, the country lags behind Germany and Italy. The Czech Republic and Poland are the other important markets in the European region.

Competitive Landscape

The European market for automotive parts die casting industry is fairly fragmented. Major players, such as Rheinmetall AG, GF Automotive, Martinrea, Nemak and Brabant Alucast have together accounted for a major share of the market in the region. These companies have focused their revenues on R&D to come up with better production processes and alloys. This strategy will assist in the production of premium quality die-cast parts for the Europe automotive and industrial sectors.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Production Process Type
5.1.1 Vacuum Die Casting
5.1.2 Pressure Die Casting
5.1.3 Others
5.2 By Metal Type
5.2.1 Aluminum
5.2.2 Zinc
5.2.3 Others
5.3 By Application Type
5.3.1 Engine Parts
5.3.2 Transmission Components
5.3.3 Structural Parts
5.3.4 Others
5.4 Geography
5.4.1 Europe Germany United Kingdom France Italy Russia Rest of Europe
6.1 Vendor Market Share**
6.2 Company Profiles
6.2.1 Georg Fischer Limited
6.2.2 Rheinmetall Automotive
6.2.3 Martinrea Honsel
6.2.4 Brabant Alucast
6.2.5 Buhler Group
6.2.6 Nemak
6.2.7 Dynacast
6.2.8 Ryobi Die Casting
6.2.9 GF Automotive

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Georg Fischer Limited
  • Rheinmetall Automotive
  • Martinrea Honsel
  • Brabant Alucast
  • Buhler Group
  • Nemak
  • Dynacast
  • Ryobi Die Casting
  • GF Automotive