The global Automotive Part Die Casting Market was worth about 11.1 billion USD in 2021 and is predicted to be worth approximately 20.31 billion USD by 2028, at a CAGR of almost 7.8% from 2022 to 2028.
The global and regional automotive part die-casting markets are analyzed and evaluated in the report. It offers a thorough study of market competition, constraints, revenue forecasts, opportunities, shifting trends, and data that has been independently verified by the industry. The study covers revenue forecasts for the years 2022 to 2028 as well as historical data from 2018 to 2021. (In US Dollars).
A surge in passenger vehicle sales has been caused by an increase in the number of middle-class people and growing living standards in both developing and industrialized nations. As a result, die-casting for automotive parts is in extremely high demand worldwide. In the car industry, specialized equipment called die casting is reportedly used to press-cut vehicle parts into precise shapes. Product manufacturers desire adaptable die-casting solutions that can meet their needs for product quality and output volume while also accommodating the configuration setup of the original equipment manufacturer. The adoption of automated die-casting production technology has resulted in a significant reduction in the amount of time spent on vehicle manufacturing.
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The automotive part die-casting market is divided into product type, raw material type, application type, end-user type, and vehicle type. Based on the method of production, the market is divided into squeeze die-casting, semi-solid die-casting, pressure die-casting, and vacuum die-casting. Aluminum, magnesium, and zinc are the three different categories of raw materials used in the die-casting of automotive parts. The three application kinds in the industry are body assemblies, transmission components, and engine components. According to the end user, the automotive OEMs and Independent Manufacturers are divided into two categories in the automotive part dies casting market. Commercial and passenger vehicles make up the two main categories in the business.
The automotive part die-casting market is divided into product type, raw material type, application type, end-user, and vehicle type. Based on manufacturing type, the market is divided into squeeze die-casting, semi-solid die-casting, pressure die-casting, and vacuum die-casting. The vehicle part die-casting industry is divided into three raw material types: aluminum, magnesium, and zinc. Body assemblies, transmission components, and engine components are the three application kinds in the industry. The automotive part dies casting industry is divided into two categories depending on the end-user: vehicle OEMs and Independent Manufacturers. The industry is separated into two types of vehicles: passenger vehicles and commercial vehicles.
The global automotive part die-casting market is segmented as follows:
By Production Type
Squeeze Die-Casting
Semi-Solid Die-Casting
Pressure Die-Casting
Vacuum Die-Casting
Raw Material Type
Aluminum
Magnesium
Zinc
By Application Type
Body Assemblies
Transmission Components
Engine Components
By End-User
OEMs
Independent Manufacturers
By Vehicle Type
Passenger Vehicle
Commercial Vehicle
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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Read Also:
https://ramneeksidhu.co.uk/global-content-delivery-network-cdn-market-size-share-trend-growth-and-forecast-2028-2/