The global Automotive Part Die Casting Market was valued at roughly 11.1 billion USD in 2021 and is expected to be valued at approximately 20.31 billion USD by 2028, expanding at a CAGR of almost 7.8% between 2022 and 2028.
The study studies and evaluates the worldwide and regional markets for automobile part die-casting. It thoroughly investigates market rivalry, constraints, revenue projections, opportunities, shifting trends, and industry-verified data. Revenue forecasts from 2022 to 2028 are included in the analysis, as well as historical data from 2018 to 2021. (Priced in US dollars). Die casting is employed in numerous automotive applications. Because most cars are made up of several metal elements that must be molded into precise shapes, die casting is the best method for producing these components. Aluminum and zinc are the most commonly utilized metals in casting.
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Passenger vehicle sales have increased as the middle class has grown and living standards have improved in both developing and developed countries. As a result, die-casting for vehicle parts has grown in popularity around the world. Die casting is claimed to be utilized in the automobile industry to use sophisticated gear to press-cut vehicle parts into precise shapes. Product designers want adaptable die-casting systems that can match their product quality and output volume needs while also adhering to the configuration layout of the original equipment manufacturer. The advancement of automated die-casting production technologies has significantly reduced vehicle production time.
Many factors have led to the global expansion of the automotive die-casting business throughout time. To begin with, industrialization and automation have heralded a new era of mass manufacturing. Die casting enables the creation of precise component requirements in the quickest possible period. Second, government rules stress energy conservation and reducing the carbon footprint of the automobile manufacturing process, both of which die-casting technology can accomplish.
The automotive part die-casting market is divided by product, raw material, application, end-user, and vehicle types. Squeeze die-casting, semi-solid die-casting, pressure die-casting, and vacuum die-casting are the market segments. Aluminum, magnesium, and zinc are the three principal elements used in die-casting automobile parts. The three application kinds in the industry are body assemblies, transmission components, and engine components. In the automotive part dies casting market, the automotive OEMs and Independent Manufacturers are classified into two categories based on the end user. Commercial and passenger automobiles are the industry’s two primary segments.
Automotive Part Die Casting Market: Dynamics
The market for automotive part die-casting is segmented by product type, raw material type, application type, end-user, and vehicle type. Squeezing die-casting, semi-solid die-casting, pressure die-casting, and vacuum die-casting are the four manufacturing methods. Aluminum, magnesium, and zinc are the three raw material types used in the automotive die-casting business. The three application kinds in the industry are body assemblies, transmission components, and engine components. Based on the end-user, the automotive part dies casting sector is classified into two categories: car OEMs and Independent Manufacturers. There are two sorts of vehicles in the industry: passenger vehicles and commercial vehicles.
The global automotive part die-casting market is segmented as follows:
By Production Type
Raw Material Type
By Application Type
By Vehicle Type
Rest of Europe
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