Press release
Italy Automotive Parts Aluminium Die casting Market Astonishing Growth with Top Influencing Key Players like Sandhar technologies Ltd, Brillcast Manufacturing LLC
Latest research on Italy Automotive Parts Aluminium Die casting Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Italy Automotive Parts Aluminium Die casting market. This report included a special section on the Impact of COVID19. Also, Italy Automotive Parts Aluminium Die casting Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Italy Automotive Parts Aluminium Die casting industry.Italy Automotive Parts Aluminium Die casting market is growing at a CAGR of 6% during the forecast period (2021-2026).
The Italy Automotive Parts Aluminium Die casting market is highly competitive and consists of a number of major players. Top Companies like Sandhar technologies Ltd, Brillcast Manufacturing LLC, Empire Casting Co, Dynacast, Pace Industries, Ningbo Die Casting Company, Kemlows Diecasting Products Ltd, Cascade Die Casting Group Inc, Ashok Minda Group
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Industry News And Developments:
8-Jan2019, Endurance Overseas Srl a subsidiary of Endurance Technologies Ltd has acquired Fonpresmetal Gap Spa for 8.16 million and has now renamed as Endurance Casting Spa.
Scope of the Report
Italy is making good contribution to the automotive industry with die-casting being support pillar for the market growth. Automotive industry is witnessing an upswing, with die casting makers their presence worth. Production of automobile has been witnessing a lucrative growth in Italy, with 915,305 vehicles manufactured in 2019 alone. Aluminium is the widely used raw material in automotive die-casting. Production standards have risen, as die casting features meticulous process types, making the market grow.
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Key Market Trends
Vacuum Die Casting Segment is Expected to Witness the Fastest Growth Rate
The vacuum die casting segment of the market studied is expected to witness a CAGR of nearly 10% during the forecast period.
There have been significant developments and improvements in the conventional die casting process. Currently, the ultra-high-vacuum die casting process is applied for producing large and thin component parts, such as space-frames and pillars, which are usually welded to automobile chassis.
Electrical and hydraulic components in an automobile work simultaneously. Reliability and quality are given prime importance in transmission parts. The transmission system in an automobile is a complex combination of mechanical functions. It is prone to extreme conditions and environments. This enhances the importance of integrity. Valve bodies, stators, and clutch pistons are some of the commonly die casted transmission parts in the automotive industry.
Italy Automotive Parts Aluminum Die Casting Market is Expected to Witness the Fastest Growth Rate than Before
In Europe, Italy is one the major market player in 2019, in competition with Germany and France. In 2019, the European region registered more than 47,000 metal casting plants. The Italy automotive industry accounted for over 37% of the total demand for castings in the country. The country economy is growing, and the disposable income of the middle-class consumers is also increasing. This, in turn, reflects positively on the growing demand for vehicles. Over the past five years, owing to the low production costs in the country, the demand for vehicle production went up drastically. Passenger car sales in 2019 witnessed a 3.5% decline, However, with several initiatives taken by the country to boost the automotive industry, passenger car sales are expected to increase over the forecast period, which, in turn, is expected to drive the demand for aluminum die casting in the country. With the rise in demand for electric vehicles in the country, the demand for aluminum die casted parts is expected to increase in the coming years.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Italy Automotive Parts Aluminium Die casting Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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