Press release
Automotive Parts Die Casting Market Global outlook 2021 to 2026: Gibbs Die-casting Group, Rockman Industries, Texas Die-casting, Ryobi Die-Casting
The Automotive Die Casting Market is expected to register a CAGR of over 6.19% during the forecast period (2020 - 2025).
Top Companies in the global Automotive Parts Die Casting market are Gibbs Die-casting Group, Rockman Industries, Texas Die-casting, Ryobi Die-Casting, Tyche Diecast, Dynacast, Castwel Auto parts, Endurance Group, Sandhar Technologies, Kinetic Die-casting, Ningbo Parison Die-casting, Mino Industry, Sipra Engineers, Sunbeam Auto, etc.
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Industry News:
In September 2019, Largest global manufacturer of medium-and heavy-duty fully automatic transmissions Allison Transmission Holdings Inc has acquired Walker Die Casting and CandR Tool and Engineering in a deal worth approximately USD 103 million
January 2020, Mitsui Kinzoku Die-Casting Technology America, Inc., will build a USD 20 million manufacturing facility in Georgia.
Segment by Type
Aluminum Die Casting
Zinc Die Casting
Magnesium Die Casting
Others
Segment by Application
Body Assemblies
Engine Parts
Transmission Parts
Others
North America is second largest automotive market after Asia-Pacific region. Because of the ongoing trade tensions between two major economies United States and China, there is a slowdown in growth and demand for automobiles all around the world, the situation got more troubling for the automotive players after the rise of COVID-19 pandemic around the world. However, the situation is expected to become normal in the second half of 2021 and the demand is expected to rise again.
In Asia-Pacific, China dominated the market studied, followed by Japan and India. In 2018, the country registered more than 26,000 metal casting plants. The Chinese automotive industry accounted for 27.3% of the total demand for casting in the country. The Chinese economy is growing, and the disposable income of middle-class consumers is also increasing. This, in turn, reflects positively on the growing demand for the vehicle. Over the past five years, owing to the low production costs in the country, the production for vehicle production has gone up drastically.
Regional Analysis:
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
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Highlights of Automotive Parts Die Casting Market:
-The report provides a detailed analysis of current and future market trends to identify the investment opportunities of the Market.
-Key Automotive Parts Die Casting market trends across the business segments, regions and countries
-Key developments and strategies observed in the market
-In-depth company profiles of key players and upcoming prominent players
-Key market dynamics such as drivers, restraints, opportunities and other trends
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Automotive Parts Die Casting Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Automotive Parts Die Casting Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Free customization of the report: This report can be further customized according to the client’s specific requirements. No additional charges will be added for limited additional research.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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