Automotive Part Die Casting Market Size To Accrue US$ 20.31 Bn globally By 2028

Automotive Part Die Casting Market Size To Accrue US$ 20.31 Bn globally By 2028

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Zion Market Research

15 Mar, 2022, 18:39 IST

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PUNE, India, March 15, 2022 /PRNewswire/ -- Automotive Part Die Casting Market is slated to cross USD 20.31 Billion By 2028, as per new research study by Zion Market Research Private Limited. It earned USD 11.1 Billion in 2021 and will register CAGR of about 7.8% in 2022-2028. Additionally, growth of automotive part die casting market over forecast timespan is subject to increase in per capita income of middle-income groups along with rise in sale of passenger vehicles. In addition to this, automotive die casting components help automotive in weight reduction, thereby minimizing fuel emissions along with enhancing fuel efficiency. Eco-friendly features of product will steer market growth trends.

Zion Market Research published the latest report titled as "Automotive Part Die Casting Market- By Production Type (Squeeze Die-Casting, Semi-Solid Die-Casting, Pressure Die-Casting, and Vacuum Die-Casting), By Raw Material Type (Aluminum, Magnesium, and Zinc), By Application Type (Body Assemblies, Transmission Components, and Engine Components), By End-User (OEMs and Independent Manufacturers), and By Vehicle Type (Passenger Vehicle and Commercial Vehicle): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028." into their research database.

Automotive Part Die Casting Market: Overview

Increase in middle-income group population coupled with rise in standard of living in emerging countries as well as developed nations have resulted into surge in sale of passenger vehicles. This has resulted in humungous demand for automotive part die casting across globe. Reportedly, a die casting in automotive sector is a special tool that is utilized for cutting automotive parts in uniform shapes through use of a press. Product manufacturers prefer flexible die casting services that can suit original equipment manufacturer configuration set up along with meeting quality of products & volume output needs. Owing to launching of automated die casting production processes, the consumption of time in vehicle manufacture has come down drastically.

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166 + Pages Research Report (Inclusion of Updated Research)

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2021 Updated Regional Analysis with Graphical Representation of Size, Share & Trends

Includes Updated List of tables & figures

Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis

Zion Market Research methodology

Industry Dynamics:

Drivers: Surge in per capita income of population in emerging economies and rise in vehicle production will drive growth of automotive part die casting market. Need for reducing GHG emissions and focus on enhancing fuel efficiency will drive market trends.

Restraints: Fluctuations in raw material costs and negative impact of COVID-19 on sales of the product will impede growth of industry.

Opportunities: With product playing a key role in weight reduction and need for effective designing as well as suppleness in creating complex components will open new growth avenues for automotive part die casting industry.

Challenges: Transportation activities are hit by COVID-19 pandemic and changes in policies of governments regarding product approval & dales post COVID conditions will impact demand-supply growth curvature and can pose a challenge to the business.

Directly Purchase a Copy of the Automotive Part Die Casting Market Report @ https://www.zionmarketresearch.com/buynow/su/automotive-part-die-casting-market

Automotive Part Die Casting Market: Segmentation

Market is divided into production type, raw material type, application type, end-user, and vehicle type.

Based on different segments, automotive part die casting market is divided into production type, raw material type, application type, end-user, and vehicle type. On basis of production type, market is sectored into squeeze die-casting, semi-solid die-casting, pressure die-casting, and vacuum die-casting. Raw material type wise, automotive part die casting industry is divided into aluminum, magnesium, and zinc. In terms of application type, industry is segregated into body assemblies, transmission components, and engine components. Based on end-user, automotive part die casting sector is divided into automotive OEMs and Independent Manufacturers. In Vehicle type terms, the industry is sectored into passenger vehicle and commercial vehicle.

Automotive Part Aluminum Die Casting Segment To Contribute Majorly Towards Market Share By 2028

Mechanical features of the raw material as well as its thermal & electric conductivity will drive segmental surge.

Growth of segment over next six years is subject to its light weight and corrosion resistance properties of aluminum. In addition to this, mechanical features of the raw material as well as its thermal & electric conductivity will drive segmental surge. Apart from this, low density aluminum is required for die casting and hence finds massive application in automotive part die casting industry. Moreover, aluminum die casting method possesses high strength at extreme temperatures.

As per the analysis shared by our research analyst, the Automotive Part Die Casting Market is expected to grow annually at a CAGR of around 7.8% (2022-2028).

Through the primary research, it was established that the Automotive Part Die Casting Market was valued approximately USD 11.1 billion in 2021 and is projected to reach to roughly USD 20.31 billion by 2028.

Rise in sale of passenger cars in countries such as Malaysia, India, China, and Indonesia will drive regional market trends.

Key questions answered in this report:

What is the growth rate forecast and market size for Automotive Part Die Casting Market?

What are the key driving factors propelling the Automotive Part Die Casting Market forward?

What are the most important companies in the Automotive Part Die Casting Market Industry?

What segments does the Automotive Part Die Casting Market cover?

How can I receive a free copy of the Automotive Part Die Casting Market sample report and company profiles?

Report Scope:

Report Attribute

Details

Market size value in 2021

USD 11.1 Billion

Revenue forecast in 2028

USD 20.31 Billion

Growth Rate

CAGR of almost 7.8% 2022-2028

Base Year

2020

Historic Years

2016 - 2021

Forecast Years

2022 - 2028

Segments Covered

By Product Type, By Application, and By End Use

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2022 to 2028

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Companies Covered

Consolidated Metco, Inc., Endurance Technologies Limited, Rockman Industries, Ryobi Die-casting Inc., Alcast Technologies, Dynacast, and Howmet Aerospace Inc.

Report Coverage

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Customization Scope

Avail customized purchase options to meet your exact research needs.  

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Breakthroughs Taking Place in Automotive Part Die Casting Industry:

In February 2021, Endurance Technologies Limited – a key manufacturer of aluminum die casting products- based in Maharashtra, India opened its commercial product unit in Tamil Nadu in Country. The establishment is predicted to increase volume of production of aluminum die castings and will supply machine aluminum castings to firms such as Royal Enfield and Hyundai.

In December 2020, a UK-based firm referred as Ryobi Aluminum Casting Limited declared that it secured a multi-million pound contract with a new transmission supplier in electrified drivetrains business. The deal is worth UK pound of 15 million yearly and is likely to produce nearly 1, 50,000 clutch & transmissions units annually for new hybrid automotive from 2023.

Regional Dominance:

Asia Pacific To Dominate Automotive Part Die Casting Market Over 2022-2028

Growth of regional market over forecasting timespan is due to thriving automotive vehicle sector in countries such as China with massive vehicle production & sale. Rise in sale of passenger cars in countries such as Malaysia, India, China, and Indonesia will drive regional market trends.

Global Automotive Part Die Casting Market is segmented as follows:

 Automotive Part Die Casting Market: By Production Type Outlook (2022-2028)

Squeeze Die-Casting

Semi-Solid Die-Casting

Pressure Die-Casting

Vacuum Die-Casting

 Automotive Part Die Casting Market: By Raw Material Type Outlook (2022-2028)

Aluminum

Magnesium

Zinc

Automotive Part Die Casting Market: By Application Type Outlook (2022-2028)

Body Assemblies

Transmission Components

Engine Components

Automotive Part Die Casting Market: By End-User Outlook (2022-2028)

OEMs

Independent Manufacturers

Automotive Part Die Casting Market: By Vehicle Type Outlook (2022-2028)

Passenger Vehicle

Commercial Vehicle

Automotive Part Die Casting Market: By Region Outlook (2022-2028)

North America

The U.S.

Canada

Europe

France

The UK

Spain

Germany

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Southeast Asia

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

GCC

South Africa

Rest of Middle East & Africa

Press Release For  Automotive Part Die Casting Market: https://www.zionmarketresearch.com/news/automotive-part-die-casting-market-to-accrue-revenue

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