Canada Automotive Parts Zinc Die casting Market – What do the strategies adopted by (Sandhar Technologies Ltd., Brillcast Manufacturing LLC, Empire Casting Co., Dynacast) mean for the market and beyond

Latest research on Canada Automotive Parts Zinc Die casting Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Canada Automotive Parts Zinc Die casting market. This report included a special section on the Impact of COVID19. Also, Canada Automotive Parts Zinc Die casting Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Canada Automotive Parts Zinc Die casting industry.

Canada Automotive Parts Zinc Die casting market is growing at a CAGR of 2.5% during the forecast period (2021-2026).

The Canada Automotive Parts Zinc Die casting market is highly competitive and consists of a number of major players. Top Companies like Sandhar Technologies Ltd., Brillcast Manufacturing LLC, Empire Casting Co., Dynacast, Pace Industries, Cascade Die Casting Group Inc., Ashok Minda Group, Ridco Zinc Die Casting Company, Northwest Die Casting Company, Carteret Die Casting Corp.

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Scope of the Report

- The usage of zinc die casting is almost 28% in the automotive industry, for applications, like inertia disks, retractor gears, etc., followed by the building and hardware sectors. Along with merits, like resistance, versatility, toughness, and low cost, zinc die casting produces low-level emissions in air and water.

- In order to reduce automobile emissions and increase fuel efficiency, CAF standards and EPA policies are driving the automakers to reduce the weight of the automobile, by employing lightweight non-ferrous metals. Employing die-cast parts as a weight reduction strategy is a major driver for the automotive segment of the market. Although heavier than aluminum, the lower cost of these parts and higher intricacy allowance make them more suitable in certain applications.

- As compared to other die casting parts, zinc die casting parts are usually equipped with better mechanical properties, like toughness, and offer higher surface finish and lower thermal shock during casting (as a result of their lower operating temperature).

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Key Market Trends

Rising Demand for Vacuum Die Casting and Enactment of Stringent Emission Regulations

Globally, countries have formulated stringent emission norms to cater to the cause of reducing global warming. Efforts are being made by governments worldwide, to minimize the negative effects of global warming and reduce the carbon footprint.

A number of countries are implementing emission standards, OEMs worldwide are expected to explore new technologies that help in reducing emission in automobiles. The freight companies and fleet owners are extensively moving toward technologies, which are expected to reduce the average emission rate.

Earlier, pressure die casting was the majorly employed production process. However, the vacuum die casting process has been gaining popularity over the past couple of years, due to its better welding characteristics, higher mechanical strength, and lower gas porosity.

Pressure Die Casting Captures the Market

Owing to the advantages offered by the process of pressure die casting over other casting methods the players in the industry are investing to expand their operations in the country for fulfilling the demand of aluminum parts for automotive in the country.

Using the pressure die casting technique high volumes of parts can be produced with high accuracy over other process also the process is cost effective and less time consuming and other advantages and the demand in the country is enabling the major players in the country to invest heavily and expand their operations. For instance,

In February 2020, Midland Pressure Diecasting (MPD) completed a 250,000 investment drive by boosting its aluminum and zinc casting output via the purchase of automated machines and an additional new Frech die casting machine.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Canada Automotive Parts Zinc Die casting Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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