Related Posts
According to the report, global demand for automotive part die casting market was valued at around USD 7.54 billion in 2015 and is expected to reach approximately USD 11.86 billion in 2021, growing at a CAGR of slightly above 7.8% between 2016 and 2021.The growth of automotive part die casting market is mainly attributed to increasing demand for lightweight automobiles coupled with rapidly growing automotive industry across the globe. In addition, energy saving trend, favorable government initiative and industry regulations, various initiative by EPA to raise the mile per gallons standards from 35.5 miles per gallon (mpg) till 2016 and 54.5 mpg by 2025 have open up alluring opportunities for automotive part die casting industry. Initiatives by NADCA to improve the technical workforce and NADCA’s work with several community colleges in the U.S. to create a die-casting farm system is expected to improve the performance of whole die casting market.
[wptab name=’Report Description’ active=”1″ ]
According to the report, global demand for automotive part die casting market was valued at around USD 7.54 billion in 2015 and is expected to reach approximately USD 11.86 billion in 2021, growing at a CAGR of slightly above 7.8% between 2016 and 2021.
Die casting is a process which is used to produce metal parts by forcing molten metal under high pressure into a die cavity. This manufacturing process allows products to be made with the high degree of accuracy and repeatability. Die casting process also can produce fine details such as textured surfaces or names without any need for further processing.
Global automotive part die casting market is primarily driven by increasing demand for lightweight automobiles, energy saving trend, rapidly growing automotive industry across the globe paired with favorable government initiative and industry regulations. In addition, the initiative by the EPA (Environmental Protection Agency) to raise the mile per gallons standards from 35.5 miles per gallon (mpg) till 2016 and 54.5 mpg by 2025 have created lots of opportunities for automotive die casting industry to grow tremendously. Initiatives by NADCA to improve the technical workforce and strategy of working with several community colleges in the U.S. to create a die-casting farm system is expected to improve the performance of whole die casting market.
Based on the type, global automotive part die casting market is bifurcated into the pressure die casting, vacuum die casting, semi-solid die casting and squeeze die casting. Aluminum, zinc, magnesium and others are the raw material segment of the automotive part die casting market. Aluminum emerged as a leading raw material segment in 2015.Aluminum is lightweight and can be easily customized with heat treatment. These properties make aluminum as an ideal raw material for automotive die casting. Different application segments of this market include body assemblies, engine parts, transmission parts and others. Body assemblies and engine part are expected to be fastest growing application segment in coming years.
North America emerged as leading region for automotive part die casting market in 2015. This growth is mainly attributed to the availability of resources, government initiative, and large-scale domestic production. North America is expected to grow with decent CAGR of more than 5.8%. North America was closely followed by Asia pacific in the same year. Rising automotive industry paired with robust industrialization in India and China are the major contributing factors for the growth of the automotive part die casting market.
Major participants in the automotive part die casting space include Consolidated Metco, Endurance Group, Alcoa Howmet, Rockman Industries Inc., Ryobi Die-casting Inc., Alcast Technologies, Dynacast and Texas Die Casting amongst others.
[/wptab]
[wptab name=’Table of content’]
List of Figures
1. Global automotive parts die casting market segmentation by type, raw material, application and geography
2. Global automotive parts die casting market, 2015 – 2021 (USD Billions)
3. Porter’s five forces analysis: Automotive parts die casting market
4. Global automotive parts die casting market attractiveness, by type, 2015
5. Global automotive parts die casting market attractiveness, by raw material, 2015
6. Global automotive parts die casting market attractiveness, by application, 2015
7. Global automotive parts die casting market attractiveness, by regional, 2015
8. Global automotive parts die casting market revenue share, by type, 2015 & 2021
9. Global automotive parts die casting market by pressure die casting, 2015 – 2021 (USD Billions)
10. Global automotive parts die casting market by vacuum die casting, 2015 – 2021 (USD Billions)
11. Global automotive parts die casting market by squeeze die casting, 2015 – 2021 (USD Billions)
12. Global automotive parts die casting market by semi solid die casting, 2015 – 2021 (USD Billions)
13. Global automotive parts die casting market revenue share, by raw material, 2015 & 2021
14. Global automotive parts die casting market for aluminum, 2015 – 2021 (USD Billions)
15. Global automotive parts die casting market for zinc, 2015 – 2021 (USD Billions)
16. Global automotive parts die casting market for magnesium, 2015 – 2021 (USD Billions)
17. Global automotive parts die casting market for others, 2015 – 2021 (USD Billions)
18. Global automotive parts die casting market revenue share, by application, 2015 & 2021
19. Global automotive parts die casting market for body assemblies, 2015 – 2021 (USD Billions)
20. Global automotive parts die casting market for engine parts, 2015 – 2021 (USD Billions)
21. Global automotive parts die casting market for transmission parts, 2015 – 2021 (USD Billions)
22. Global automotive parts die casting market for others application, 2015 – 2021 (USD Billions)
23. Global automotive parts die casting market revenue share, by region, 2015 – 2021
24. North America automotive parts die casting market, 2015 – 2021, (USD Billions)
25. Europe automotive parts die casting market, 2015 – 2021, (USD Billions)
26. Asia Pacific automotive parts die casting market, 2015 – 2021(USD Billions)
27. Latin America automotive parts die casting market, 2015-2021 (USD Billions)
28. Middle East & Africa automotive parts die casting market, 2015 – 2021, (USD Billions)
List of Tables
1. Global automotive parts die casting market snapshot
2. Drivers for automotive parts die casting market: Impact analysis
3. Restraints of automotive parts die casting market: Impact analysis
4. North America automotive parts die casting market revenue, by type, 2015 – 2021 (USD Billions)
5. North America automotive parts die casting market revenue, by raw material, 2015 – 2021 (USD Billions)
6. North America automotive parts die casting market revenue, by application, 2015 – 2021 (USD Billions)
7. Europe automotive parts die casting market revenue, by type, 2015 – 2021 (USD Billions)
8. Europe automotive parts die casting market revenue, by raw material, 2015 – 2021 (USD Billions)
9. Europe automotive parts die casting market revenue, by application, 2015 – 2021 (USD Billions)
10. Asia-Pacific automotive parts die casting market revenue, by type, 2015 – 2021 (USD Billions)
11. Asia-Pacific automotive parts die casting market revenue, by raw material, 2015 – 2021 (USD Billions)
12. Asia-Pacific automotive parts die casting market revenue, by application, 2015 – 2021 (USD Billions)
13. Latin America automotive parts die casting market revenue, by type, 2015 – 2021 (USD Billions)
14. Latin America automotive parts die casting market revenue, by raw material, 2015 – 2021 (USD Billions)
15. Latin America automotive parts die casting market revenue, by application, 2015 – 2021 (USD Billions)
16. Middle East & Africa automotive parts die casting market revenue, by type, 2015 – 2021 (USD Billions)
17. Middle East & Africa automotive parts die casting market revenue, by raw material, 2015 – 2021 (USD Billions)
18. Middle East & Africa automotive parts die casting market revenue, by application, 2015 – 2021 (USD Billions)
[/wptab]
[wptab name=’Request For Sample’]
[contact-form-7 id=”7″ title=”Request For Sample”]
[/wptab]
[end_wptabset]
