REPORT HIGHLIGHT
Automotive Parts Die Casting Market size was valued at USD 62,504.7 Million in 2022, expanding at a CAGR of 7.7% from 2023 to 2030.
Market Dynamics:
Automotive Parts Die Casting market is anticipated to witness substantial growth over forecasted period. 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
Due to significant advancements and improvements made to the traditional die casting process, vacuum die casting is expected to experience quick growth in the production type segment of the market.
Regional Insights:
North America has a significant share of the global market. Due to increased CO2 emissions and the country's accompanying tight CAFE and EPA legislation, major market participants are anticipated to use aluminium die casting as a part of their production process. The North America Die Casting Association claims that over 30 die casting firms, encompassing over 400 independent die casting facilities, manufacture vehicle engine and transmission parts in the United States. Moreover, the United States is one of the world's largest automotive markets with over 13 major automakers based here and an average annual production of 11 million vehicles. The market for aluminium die-casting for automotive parts is therefore expected to grow optimistically over the course of forecasted period as a result of the aforementioned factors and developments in the United States.
Segment Dynamics:
The Automotive Parts Die Casting market is fragmented into the type, raw material and applications segments. Based on the type, the Pressure Die-casting segment is anticipated to dominate the market. By application, the Body Assemblies segment is projected to grow at highest CAGR during the forecasted period.
Competitive Insights:
The Automotive Parts Die Casting market is highly competitive in nature with the presence of local & international players. Major manufacturers are engaged in strategic collaborations, and new product launches to remain competent in the market. For example, in March 2021, order to acquire the aluminium die casting company, Sandhar Technologies Limited signed a non-binding MoU Memorandum of Understanding with Unicast Autotech. In April 2021, Toyota Industries Corporation and Siemens worked together to create artificial intelligence that could foresee product faults in aluminium die casting, a crucial step in the manufacturing of car air conditioning compressors.
Key features of the study:
- This proposed research study on Automotive Parts Die Casting market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
- The report provides the client the latest up-to-date and trending insights about the Automotive Parts Die Casting market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Automotive Parts Die Casting market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Automotive Parts Die Casting market
- Impact of COVID-19 on Automotive Parts Die Casting market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Automotive Parts Die Casting market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Automotive Parts Die Casting market, we have also included competitive landscape and key innovator analysis for the Automotive Parts Die Casting market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Automotive Parts Die Casting market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Automotive Parts Die Casting market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL AUTOMOTIVE PARTS DIE CASTING MARKET KEY PLAYERS
- Castwel Auto Parts Pvt Ltd
- Die-casting Solutions GmbH
- Dynacast International Inc.
- Endurance Group
- Gibbs Die-casting Group
- Kinetic Die-casting Company
- Mino Industry USA, Inc.
- Ningbo Parison Die-casting Co. Ltd
- Raltor Metal Technik
- Others
GLOBAL AUTOMOTIVE PARTS DIE CASTING MARKET, BY PRODUCT TYPE
- Pressure Die-casting
- Vacuum Die-casting
- Squeeze Die-casting
- Semi-solid Die-casting
GLOBAL AUTOMOTIVE PARTS DIE CASTING MARKET, BY APPLICATION
- Body Assemblies
- Engine Parts
- Transmission Parts
- Others
GLOBAL AUTOMOTIVE PARTS DIE CASTING MARKET, BY RAW MATERIAL
- Aluminium
- Zinc
- Magnesium
- Others
GLOBAL AUTOMOTIVE PARTS DIE CASTING MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA