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    01/01-1970 87

    Die casting structural parts market under globalization

    Today, when foundries face many challenges, the die casting process is a cost-effective way to make structural parts.

    What is the impact of globalization on the industry? What are the challenges for foundries? The cooperation of companies in the modern manufacturing technology may be a solution.

    Magnesium and aluminum light metal die castings are an important part of the car body and chassis. These parts can be die-cast and the die-cast parts meet their needs in terms of lightweight construction, strength and impact properties, and they are fully recyclable when they reach their end of life. Moreover, one of the advantages of die casting technology is that the die casting process can produce various functional parts according to different geometric shapes, local reinforcement or thin wall thickness requirements.

    Strong market growth
    Experts predict that the die-cast structural parts market will continue to grow strongly in the next few years. The global demand for automotive die castings is expected to increase from $7.5 billion in 2015 to nearly $12 billion in 2021, with an average annual growth rate of more than 7.8% between 2016 and 2021.
    Industry challenges
    Automakers demand that suppliers not only be on time, but also consistently deliver high quality parts. And they want suppliers to set up factories that produce their own parts near the OEM. This requirement has become an influential factor and challenge that must be considered by die casting plants.

    In addition, the “globalization” factor is also one of the challenges. Under the globalization, mature auto suppliers must deal with the strong international competition brought by active emerging companies.

    The die-cast structure has a large surface area and a thin thickness, which is different from the production process of steel-aluminum sheets and profiles. This has become another challenge for the die casting factory.