The market of die-casting structural parts under globalization
Release time:
2023-02-07 09:22
Source:
Today, when foundries face many challenges, the die casting process has become an economical and effective way to manufacture structural parts.
What is the impact of globalization on the industry? What are the challenges facing the foundry? One solution could be collaboration between companies in the industry on modern manufacturing techniques.
Magnesium and aluminum light metal die casting is an important part of automobile body and chassis. These components can be manufactured by die casting, and the die castings meet the requirements in terms of lightweight construction, strength and crashworthiness, while they can be fully recycled by the time they reach their useful life. And one of the advantages of die casting technology is that it can produce a variety of functional parts based on different geometric shapes, local reinforcement or reduction of wall thickness.
Strong market growth
Experts expect the die cast structural parts market to continue to grow strongly in the coming years. The overall global demand for automotive die casting 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 percent expected between 2016 and 2021.
The industry faces challenges
Automakers demand that suppliers deliver high-quality parts not only on time, but consistently. And they want suppliers to set up factories near the Oems to make their own parts. This requirement becomes the influence factor and challenge that die casting factory must consider.
In addition, the "globalization" factor is also a challenge. Under globalization, mature auto suppliers must cope with strong international competition from aggressive new companies.
Die casting structural parts have large surface area and thin thickness, which is different from the production process of steel and aluminum sheets and profiles. This has become another challenge for die casting plants.
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