Automotive Part Die Casting Market Analysis and Size:
The automotive industry has been successfully implementing new technologies throughout the world to make cars faster and safer. Modern mechanisms and technologies are being applied, such as aluminium die casting, which helps deliver complex components required in manufacturing other parts and breaking mechanisms.
Die casting for automotive parts is predicted to grow at a CAGR of 7.08% from 2022 to 2028, from a market value of USD 11.01 billion in 2021 to USD 20.31 billion by 2028. Due to significant advancements and improvements made to the traditional die casting process, vacuum die casting is anticipated to have rapid expansion in the production type segment of the market. The market report created by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis in addition to market insights like market value, growth rate, market segments, geographical coverage, market players, and market scenario.
Automotive Parts Die Casting Market Restraints/Challenges:
This market research report on the automotive parts die casting industry details recent developments, trade laws, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product For an analyst brief on the market for automotive components die casting, get in touch with Data Bridge Market Research. To achieve market growth, our staff will assist you in making an informed market selection.
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Automotive Parts Die Casting Market COVID-19:
The COVID-19 had a detrimental effect on the automobile components die casting industry because of the strict lockdowns and social seclusion used to stop the virus’s propagation. The demand for automobile parts and components was hurt by the unstable economy, a partial corporate shutdown, and poor consumer confidence. During the epidemic, the supply chain was impeded along with logistics operations. However, due to the relaxation of regulations and rise in the number of passenger vehicles, the market for automotive parts die casting is anticipated to pick up speed in the post-pandemic environment.
Automotive Parts Die Casting Market Scope:
The production type, raw material type, and application type are used to segment the automotive parts die casting market. The expansion of these divisions will enable you to study the industries’ scarce growth segments and give users a comprehensive market overview and industry insights to aid in the identification of key market applications.
- Pressure Die-Casting
- Vacuum Die-Casting
- Squeeze Die-Casting
- Semi-Solid Die-Casting
Raw Material Type
- Body Assemblies
- Engine Parts
- Transmission Parts
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Automotive Parts Die Casting Market Share Analysis and Competitive Environment
The competitive landscape for the automotive components die casting market includes information by competitor. The company’s financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details that are included. The information above only relates to the companies’ market focus on die casting for automobile parts.
Some of the major players operating in the automotive parts die casting market are
- Castwel Autoparts Private Limited (India)
- GF Casting Solutions. (Switzerland)
- Dynacast. (US)
- Endurance Technologies Limited. (India)
- Gibbs (US)
- Kinetic Die Casting Company, Inc. (US)
- MINO Industry USA , Inc. (US)
- Ningbo Parison Die Casting Co., Ltd. (China)
- Raltor. (US)
- Rockman. (India)
- Ryobi Die Casting (US)
- Sandhar (India)
- Sipra Engineers (India)
- Spark Minda (India)
- Sunbeam Auto Pvt. Ltd. (India)
- Tyche Diecast Pvt. Ltd. (India)
Automotive Parts Die Casting Market By Region
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa