Press release
Automotive Metal Casting Market: 2018 Global Industry Size, Share, Competitive Landscape, Key Players Outlook To 2023
Get Sample Copy of Automotive Metal Casting Market 2018 to 2023 Report@ https://www.marketresearchfuture.com/sample_request/5447
Automotive Metal Casting Market Companies Analyzed in report are:
Nemak (Mexico), Ryobi Limited (Japan), Rheinmetall Automotive (Germany), GF Automotive (Switzerland), Ahresty Corporation (Japan), and Dynacast (U.S.).
Over the past decade, it has been experienced that the price of crude oil barrels is increasing very rapidly and also the availability the crude oil is decreasing. Due to these factors, the mind-set of a large pool of population is shifting their preference towards electric vehicles. In the last 3 to 4 years, the demand for electric vehicles in the United States is rapidly increasing and there has been around 70% of year-over-year growth in the sales. Along with the United States, Norway has also put a step ahead and has shifted more focus towards electric vehicles. As per the market statistics, every third of a new car is electric and also the country has the highest proportion of 6.4%, worldwide, followed by Sweden i.e. 3.4%. Such a shift towards electric vehicles due to rapidly rising fuel prices, is expected to positively impact the automotive metal casting market.
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.
On the basis of applications, the global automotive metal casting market has been segmented as chassis and exterior. On the basis of vehicle type the market has been segmented as passenger vehicle and commercial vehicle. On the basis of regions the market has been segmented as North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.
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.
Geographic 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.
Browse Full Report on Automotive Metal Casting Market @ https://www.marketresearchfuture.com/reports/automotive-metal-casting-market-5447
Target Audience of Report:
This report mainly focuses on Automotive Metal Casting Market Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Metal Casting Market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Metal Casting Market studied.
Global Automotive Metal Casting Market Research Insights:
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.
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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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