Automotive Parts Die Casting Market [Newest Report] Size Booming Insights and Latest Innovations to 2028

Facts and Factors report that the Global Automotive Parts Die Casting Market Size was worth USD 12.2 billion in 2021 and is expected to reach USD 21.5 billion by 2028. Automotive Parts Die Casting is projected to rise 7.5% from 2020 to 2028.

The automotive parts die casting market report analyzes and reports global, regional, and country industry statistics to get a complete picture. Historical and past insights are presented for FY 2016–2028, while anticipated trends are provided for FY 2020–2028. From FY 2016 to 2028, quantifiable data is presented in USD billion.

Market Overview

The process of die casting involves the mechanical infusion of molten metal into a mold at high pressure and filling speed. For the most part, metals that have a relatively low melting point are utilized. Since permanent metal molds are used in this procedure instead of disposable ones, it is great for mass production and series production of components.

📢 𝐅𝐫𝐨𝐦 Automotive Parts Die Casting Market: 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐃𝐢𝐯𝐞𝐫𝐬𝐞 𝐄𝐫𝐮𝐜𝐚𝐦𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝟐𝟎𝟐𝟒 - [FNF 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡] 📊

Production of large, complex parts with very thin walls is certainly feasible. Components made by die casting from nonferrous metals are selected according to weight, budget, and material quality, with the correct alloy depending on the application. Aluminum, zinc, and magnesium are three of the most important materials, with aluminum making up over 80% of the total.

Industry Growth Factor

Rising car sales are likely to boost the automotive parts die casting (aluminum, magnesium, and zinc) market. Cities, disposable income, fuel efficiency laws, and dynamics have contributed to this. A rise in global car sales has led to a move toward personal automobiles, which is expected to drive the automotive components die casting (aluminum, magnesium, and zinc) market over the forecast period.

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Due to government limits on car emissions, several nations compel automakers to use modern technologies to reduce vehicle emissions. Recent EPA rules have forced automakers to buy lightweight components. Thus, the country's car component die casting market may increase. National Air Duct Cleaners Association (NADCA) efforts to train die casting technicians are also helping the sector.

Segmentation Analysis

• By Method: Squeeze, vacuum, pressure, and other die castings comprise the market. The vacuum die casting industry is predicted to grow rapidly. Most die-casting methods provide weldable automobile products, but vacuum die casting is better. It removes air from the mould, allowing the front of the molten metal to merge without closures or holes, a major issue with pressure die casting.
• By Use: The market is divided into gearbox, suspension, engine, and brakes and wheels. Engine-related automotive casting will be worth USD 85 billion by 2028. The automobile sector's good outlook will promote engine casting growth.

🏭 𝑪𝒐𝒎𝒑𝒆𝒕𝒊𝒕𝒊𝒗𝒆 𝑳𝒂𝒏𝒅𝒔𝒄𝒂𝒑𝒆 𝒊𝒏 𝒕𝒉𝒆 𝑮𝒍𝒐𝒃𝒂𝒍 𝑴𝒂𝒓𝒌𝒆𝒕 𝒂𝒓𝒆 📋

• Endurance Group Inc.
• Sandhar Technologies Limited
• CASTWEL AUTO PARTS PRIVATE LIMITED
• Gibbs Die Casting Corporation
• Dynasty Equity
• Metco Consolidated Inc
• Texas Die Casting
• ROCKMAN INDUSTRIES CHENNAI PRIVATE LIMITED
• Endurance Technologies Ltd.
• Alcast Technologies Ltd.
• Alcoa
• Dynacast Italia
• Ryobi Die Casting, Inc.

🌍 Regional Insight by FnF Research ✎

Asia Pacific made up over 55% of the market in 2020 and is expected to expand the quickest throughout the forecast period. The region's many foundries make raw material acquisition easy and cheap. A number of regional governments have taken steps to boost the auto industry.

China's automotive sector accounted for 26.6% of regional casting demand. The Chinese market and middle-class discretionary income are growing. Increasing car demand benefits from this. In the previous five years, the country's low production costs have increased auto output.

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