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The dynamics and growth trajectory of the automotive parts die casting market can be explained by several factors. One major factor is that there has been an increasing demand for lightweight, durable and high-performance automotive components. Die castings have brought about very light yet strong components used on cars because they use a metal manufacturing method which produces complex shaped metal parts required for automobiles. In addition to this aspect, growing interest in reducing emissions through fuel efficiency has led car makers to adopt lightweight materials resulting into increased demand for die casted automobile parts thereby making this market grow.
The technological advancements, on the other hand, are vital in influencing the automotive parts die casting market. This is composed of a number of innovations that manufacturers use to improve the process of die casting, make better parts as well as increase the rate at which they are produced. The new developments in machinery for die-casting processes, materials and tools have made it possible to produce more complex and very accurate parts. The injection molding technology has also been used to produce intricate products with high precision due to its integration with robot automation in addition to automating peripheral devices.
Moreover, electric cars and hybrid vehicles are major consumers of castings today. Electric Vehicles (EVs) require specialized components that can withstand high voltages, offer thermal efficiency while supporting overall vehicle performance as well as safety. Die casting supports production of such special components like motor housings, battery enclosures and structural parts that meet the unique criteria for electric/hybrid only vehicles.
Also, there are stringent government rules and standards about auto safety, emissions and fuel efficiency that push up demand for advanced automobile components. In this regard die casting provide an avenue through which manufacturers can ensure adherence to required specifications. Manufacturers also continue investing in technologies that enable them to cast strong parts with dimensional accuracy resistance to wear & corrosion meeting industry-changing benchmarks.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | By Technology, By Application, By Vehicle type, By End MarketGeographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the WorldCountries CoveredThe US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and BrazilKey Companies ProfiledAlcast Company (U.S.), Dynacast, LLC (U.S.), Endurance Technologies Limited (India), Gibbs Die Casting Corp (U.S.), and Rockman Industries (India). Ryobi Die Casting Inc. (U.S.), Kinetic Die Casting Company, Inc. (U.S.), Magic Precision, Inc. (China), Meridian Lightweight Technologies Inc. (England), and Mino Industry USA, Inc. (U.S.)Key Market OpportunitiesGovernment initiatives are inclined towards energy saving Lowering the carbon footprint for the automobile manufacturing processKey Market DynamicsPrecise component specification manufactured in the shortest time possible. |
Automotive Parts Die Casting Market Highlights:
 Automotive Parts Die Casting Market Scenario :
The Automotive Parts Die Casting Market industry is projected to grow from USD 62748.4 Million in 2021 to USD 90479.4 Million by 2032, exhibiting a compound annual growth rate (CAGR) 6.2% during the forecast period (2023 - 2032). Several factors are responsible for the growth of automotive parts die casting market over time in the global scenario. Firstly, industrialization and automation have brought about the revolution of mass scale production in minimum time. Die casting process provides precise component specification manufactured in the shortest time possible. Secondly, the government initiatives are inclined towards energy saving and lowering the carbon footprint for the automobile manufacturing process which can be achieved using the die casting process.
Market Segmentation:
On the basis of production process, the pressure die casting is the most widely used method. This can be attributed to the simplicity of operation, which makes it suitable for large-scale manufacturing at affordable rates. Squeeze die casting is similar to pressure die casting, in which the molten metal is in close contact with the die metal under high pressure, providing the die at the desired hardness level. On the basis of the raw materials, aluminum is the most widely used for manufacturing of the dies owing to its high malleability. On the basis of application type, the die casting process is most widely used for manufacturing engine parts and transmission parts owing to the high complexity and intricacy involved in the design and production process.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific market is expected to drive the growth of the automotive parts die casting market. The automotive industry in this region is expected to grow rapidly owing to the increasing population, increasing purchase power of the people, growing middle class. Countries such as India and China are expected to emerge as major automotive hubs in the next decade. To cater to the large number of automotive sales and sell automobiles at affordable prices, die casting is the ideal manufacturing process. The Europe market has been the global automotive hub for research and innovation. The die casting process helps in manufacturing the components of required intricate design. The North America market is the largest market in terms of the ratio of automobile sales per person. All these reasons, aptly justify the usage and high growth potential for the global automotive parts die casting market.
 
The automotive die casting process is basically a manufacturing process used to manufacture complex and intricate metal parts and components using reusable molds, which are called dies. The die casting process used in automobiles makes use of metal, die casting machine, furnace and die. The metal that is usually a nonferrous alloy like zinc or aluminum is first melted in the furnace and then injected inside the dies of the die casting machine.
The report for Global Automotive Parts Die Casting Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Key Players
The key players in automotive parts die casting market are
- Alcast Company (U.S.),
- Dynacast, LLC (U.S.),
- Endurance Technologies Limited (India),
- Gibbs Die Casting Corp (U.S.),
- Rockman Industries (India).
- Ryobi Die Casting Inc. (U.S.),
- Kinetic Die Casting Company, Inc. (U.S.),
- Magic Precision Inc. (China),
- Meridian Lightweight Technologies Inc. (England),
- Mino Industry USA, Inc. (U.S.)
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