(MENAFN- EIN Presswire) Automotive Die Casting Market
OREGAON, PORTLAND, UNITED STATES , May 17, 2023 /einpresswire.com / -- Rise in income of middle-class families and improved standards of living in developing and developed countries have increased the sales of passenger cars. With increase in sales of the automotive sector, the automotive die casting market has proliferated. A die casting is a specialized tool used to cut shape using a press. Manufacturers are looking for flexible die casting solutions that suit the OEMs configuration set-ups and meet their quality and volume output requirements. With introduction of automated die casting manufacturing process, the time-consuming process in vehicle production has reduced significantly.
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The demand for light-weighting of vehicle parts has increased significantly. With use of lightweight parts, the overall weight of vehicle is reduced. Along with it, the emission from vehicle is also reduced. Additionally, the rising adoption of fuel-efficient vehicles has increased the demand for lightweight parts. This has led to increasing adoption of aluminum die casting in vehicle manufacturing.
Rising disposable income in developing economies and increasing production of vehicles is the major driving factor of automotive die casting market. Automotive die casting plays a vital role in manufacturing of automotive industries. Additionally, die casting parts being effective in weight reduction, reduces the emission and increases the fuel-efficiency which in turn is anticipated to propel the growth of market. Moreover, die casting aids in more design freedom and flexibility to create complex parts. However, variation in raw material prices can hinder the market growth. Over the years, die casting manufacturers are in constant search for improvement in quality which is another driving factor in this market.
Key Market Players
Castwel Autoparts,
Dynacast,
Endurance group,
Martinrea Honsel,
Rheinmetall Automotive,
Shiloh Industries,
GF Casting Solutions,
Ryobi Die Casting Inc.,
Nemak,
Italpresse Gauss
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Key benefits
This study presents the analytical depiction of the automotive die casting industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of market share.
The current market is quantitatively analyzed to highlight the automotive die casting market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.
By Region
North America (US, Canada)
Europe (Germany, UK, France, rest of Europe)
Asia-Pacific (China, Japan, India, rest of Asia-Pacific)
Latin America (Brazil, Mexico, rest of LATAM)
The Middle East
Africa
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Questions answered in the automotive die casting market research report:
Q1. What are the leading market players active in the automotive die casting market?
Q2. What are the current trends that will influence the market in the next few years?
Q3. What are the driving factors, restraints, and opportunities in the market?
Q4. What are the projections for the future that would help in taking further strategic steps?
David Correa
Allied Analytics LLP
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