The global Automotive Parts Aluminum Die Casting market is estimated to grow at 7.5% CAGR during the forecast period (2022-2027).
Die casting is a mechanical casting procedure in which liquid melt is poured into a mold at high pressure and filling speed. Typically, low-melting-temperature metals are employed. Unlike sand casting, this casting process uses permanent metal molds that do not have to be discarded after casting, making it ideal for series and mass production of components. With thin walls, it is possible to create large and complex components. Die casting uses nonferrous metals to create components, and the alloy chosen for a particular application is based on weight, budget, and material quality. Aluminum is one of the most important materials, accounting for more than 80% of the total, with zinc and magnesium following closely behind.
Several factors have contributed to the global expansion of the automotive parts die casting market throughout time. To begin with, industrialization and automation have ushered in a revolution of large-scale production in the shortest possible time. Die casting allows for the production of accurate component specifications in the lowest amount of time. Second, government measures are geared on reducing energy consumption and carbon emissions in the automobile manufacturing process, which can be accomplished through the die casting process.
The report aspects discussed the profile of the top manufacturers of the global Automotive Parts Aluminum Die Casting market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Automotive Parts Aluminum Die Casting Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
November 3, 2021: Bühler introduces strongest die-casting machines worldwide--
With the Carat 840 and the Carat 920, Bühler has further extended its portfolio as the automotive industry’s demand for larger and more complex parts continues to increase. These larger parts require new production processes, a new challenge for customers. Building on its experience on current large solutions, Bühler is their partner for innovating the entire production cycle for these even larger parts.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
Asia-Pacific is expected to witness the fastest growth rate during the forecast period. Major Asian countries such as India, China, and Japan are likely to contribute considerably to the market's development over the forecast period. China is one of the world's largest producers of die casting parts, and the region's expanding adoption of passenger automobiles is expected to boost demand. According to the China Association of Automobile Manufacturers, China's car production reached 2.84 million units in December 2020, an increase of 5.7% from 2019.
As one of the world's largest automobile manufacturers, the Asia-Pacific area tends to attract major market makers. To be competitive in this industry, several businesses employ growth methods such as regional expansion and production capacity development. Amidst all the factors promoting the market and the factors which can lead to disruption in the market, the strong preference of the customers toward aluminum products and the ongoing trend of increased usage of aluminum is expected to provide a significant growth opportunity in the market.
The Automotive Parts Aluminum Die Casting Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Automotive Parts Aluminum Die Casting Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.5% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Martinrea Honsel, Rheinmetall Automotive, Shiloh Industries, GF Casting Solutions, Ryobi Die Casting, Nemak, Teksid SPA, Georg Fischer Limited, Endurance Group, Dynacast (Form Technologies Inc), Buhler, Rockman Industries, Castwel Auto Parts, Sandhar Technologies, Die Casting Solution, Sundaram Clayton Ltd, Kochi Enterprises (Gibbs Die Casting Corporation), Bocar Group, Engtek Group, Linmar Corporation, Meridian Light weight Technologies UK Limited |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 113 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Automotive Parts Aluminum Die Casting Market?
The Automotive Parts Aluminum Die Casting Market is growing at a CAGR of 7.5% over the next 5 years.
Who are the key players in Automotive Parts Aluminum Die Casting Market?
Martinrea Honsel, Rheinmetall Automotive, Shiloh Industries, GF Casting Solutions, Ryobi Die Casting, Nemak, Teksid SPA, Georg Fischer Limited, Endurance Group, Dynacast (Form Technologies Inc), Buhler, Rockman Industries, Castwel Auto Parts, Sandhar Technologies, Die Casting Solution, Sundaram Clayton Ltd, Kochi Enterprises (Gibbs Die Casting Corporation), Bocar Group, Engtek Group, Linmar Corporation, Meridian Light weight Technologies UK Limited
What are the significant types of Automotive Parts Aluminum Die Casting Market?
Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, Semisolid Die Casting
What are the major end-use applications of Automotive Parts Aluminum Die Casting Market?
Body Parts, Engine Parts, Transmission Parts, Other
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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