Press release
Automotive Metal Casting Market: 2018 Size, Trends, Share, Growth Factors, Regional Analysis, Competitive Landscape Forecast To 2023
Automotive Metal Casting Market Scenario:Automotive Metal Casting Market rapidly growing With a Staggering CAGR by end of 2023. According to latest research report published on Automotive Metal Casting Market 2018 - Global Forecast To 2023, this Automotive Metal Casting Market is driven by factors such as automotive production, across the globe the automotive chassis and exterior account for a major share in the development of the automotive metal casting market. Weight reduction in vehicles is another major trend in the market that is expected to boost the demand, with manufacturers opting for lightweight materials to ensure reduction in emission rates. As a result, the use of lightweight materials such as aluminum, magnesium and zinc, has increased in the automotive industry. With major manufacturers and suppliers in the automotive industry competing at globally, the intensity of competition within the automotive industry has increased.
This published research report of 110 pages analyzes Automotive Metal Casting Market Information by Application (Body Assembly, Engine, and Transmission), Material (Aluminum Casting, Cast Iron, Magnesium Casting and Zinc Casting), and by Regions - Global Forecast To 2023.
Get Sample Copy of Automotive Metal Casting Market 2018 - Global Forecast to 2023 at: https://www.marketresearchfuture.com/sample_request/5447
The automotive industry is in the nascent stage in the Middle East and the South America. The market for automotive metal casting is expected to have a steady growth during the forecast period. Overall shift in the global automotive industry is favoring the Asia Pacific region as a whole in leading the charge to be the next automotive powerhouse.
Automotive Metal Casting Market Key Industry Players Analyzed In Report Are: The key players of global automotive metal casting market are Nemak (Mexico), Ryobi Limited (Japan), Rheinmetall Automotive (Germany), GF Automotive (Switzerland), Ahresty Corporation (Japan), and Dynacast (U.S.). In 2016, these companies accounted for a share of XX% of the global market.
With manufacturers focusing on development of lightweight components for automobiles, the demand for fuel efficient vehicles, is rising across the globe. Stringent government policies in the form of emission taxes and penalties, and rising awareness regarding the environment, are expected aid the growth of automotive metal casting market. With manufacturers investing in development of lightweight structural sheet metal to be integrated in vehicles to reduce emissions, the market is poised for rapid growth during the forecast period.
Weight reduction in vehicles is a major trend in the market that is expected to boost the demand, with manufacturers opting for lightweight materials to ensure reduction in emission rates. With major manufacturers and suppliers in the automotive industry competing at a global level, the intensity of competition within the automotive industry has increased. Such intense competition is pushing various manufacturers and suppliers across the supply chain to develop high quality structural sheet metal to acquire greater market share.
Intended Audience:
Automotive connector’s manufacturers
Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Regional Analysis:
The automotive metal casting market is currently booming in the Asia Pacific region. Rapidly rising vehicle production in this region is one of the primary driving factors. Improving infrastructure in this region combined with improving living standards, have positively impacted the automotive industry, as a whole. Additionally a global shift has been witnessed in the Asia Pacific region providing opportunities to major manufacturers in the market in the form of tax cuts and government subsidies. Availability of cheap labor in this region has also been a key factor in the automotive metal casting market. China is the key growth driver as it is expected that its body safety structures will be adapted to European standards, including wider use of metal casting components.
North America and Europe are the other two leading regions, mainly due to the established automotive industry. Existence of major manufacturers in this region is also a key driver of the automotive metal casting industry. Heavy investment in research and development enables manufacturers in this region to develop new techniques and products to utilize the future market trends. A key trend in this region has been the development of the lightweight material so as to tackle the problem of high emission rates.
The report for Global Automotive Metal 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.
Browse more details on this “Automotive Metal Casting Market Research Report - Global Forecast to 2023” report at: https://www.marketresearchfuture.com/reports/automotive-metal-casting-market-5447
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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