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Automotive Parts Die Casting Industry 2020-2023

Automotive Parts Die Casting Industry – Overview

The automotive industry was dependent on manual tasks for the manufacture of precision components for the longest time. The global industry dynamics changed with the advent of the die casting technology. The die casting is metal casting process in which, the high-temperature molten metal is forced into the mold cavity at a high pressure in a controlled manner. This mold cavity doesn’t represent the actual size specifications of the component to be manufactured. It is rather designed and manufactured taking into consideration the allowances, clearances and shrinkage or expansion space required by the molten metal upon its cooling.

The market is expected to witness a 7% CAGR in the forecast period.

Key Players

The noteworthy contenders in the Automotive Parts Die Casting Industry are Dynacast, LLC (U.S.), Endurance Technologies Limited (India), Alcast Company (U.S.), Gibbs Die Casting Corp (U.S.), Kinetic Die Casting Company, Inc. (U.S.), Rockman Industries (India), Ryobi Die Casting Inc. (U.S.), Meridian Lightweight Technologies Inc. (England), Magic Precision, Inc. (China), and Mino Industry USA, Inc. (U.S.) among others.

Segmental Analysis

The segmentation of the Automotive Parts Die Casting Industry is carried out on the basis of production process type, raw material type, application type, vehicle type, and region. On the basis of production process type, the Automotive Parts Die Casting Industry is segmented into squeeze die casting, pressure die casting, vacuum die casting and semi-solid die casting. Based on the raw material type, the Automotive Parts Die Casting Industry is segmented into zinc, magnesium, aluminium, and others. Based on the application type, the Automotive Parts Die Casting Industry is engine parts, body assemblies, transmission parts, and othersOn the basis of vehicle types, the Automotive Parts Die Casting Industry is segmented into heavy commercial vehicle (HCV), passenger vehicle and commercial vehicle (LCV). Based on the region, the Automotive Parts Die Casting Industry is segmented into North America, Europe, Asia Pacific and Rest of the World.

Regional Analysis   

The regional evaluation of the Automotive Parts Die Casting Industry includes regions such as North America, APAC, Europe, and Rest of the World. The Asia Pacific market is anticipated to push the progress of the Automotive Parts Die Casting Industry. The automotive industry in this region is anticipated to develop rapidly due to the growing population, the collective purchasing power of the people, and a growing middle-class base. Nations such as India and China are anticipated to develop as a main automotive hub in the following decade. The European regional market has been the automotive hub globally for research and innovation. The die casting process aids in manufacturing the apparatuses that are of intricate design. Though the North American regional market is the principal market in terms of the ratio of automobile sales per person during the forecast period.

Get Full Report @ https://www.marketresearchfuture.com/reports/automotive-parts-die-casting-market-5897


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sagarsagar
Joined: January 20th, 2020
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