The global Automotive Part Die Casting Market was valued at roughly 11.1 billion USD in 2021 and is expected to be valued at approximately 20.31 billion USD by 2028, growing at a CAGR of almost 7.8% between 2022 and 2028. The research investigates and assesses the global and regional automotive part die-casting markets. It thoroughly investigates market rivalry, restrictions, revenue estimates, opportunities, shifting trends, and industry-verified data. The analysis includes revenue projections from 2022 to 2028, as well as historical data from 2018 to 2021. (Priced in US dollars).
Die casting is used in a wide range of automotive applications. Because most cars contain several metal elements that must be moulded into precise shapes, die casting is the best method for producing these components. Aluminum and zinc are the most commonly utilized metals in casting.
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The rise of the middle class and rising living standards in both developing and developed countries has resulted in an increase in passenger vehicle sales. As a result, die-casting for car parts is immensely popular around the world. Die casting is claimed to be utilized in the automobile industry to use sophisticated gear to press-cut vehicle parts into precise shapes. Product designers want adaptive die-casting systems that can match their product quality and output volume needs while also meeting the configuration arrangement of the original equipment manufacturer. Vehicle manufacturing time has been significantly reduced since the introduction of automated die-casting production technologies.
Several factors have contributed to the global expansion of the vehicle parts die-casting industry over time. For starters, industrialization and automation have ushered in a new era of large-scale manufacturing. Die casting produces precise component requirements in the lowest amount of time. Second, government rules are focused on conserving energy and lowering the carbon footprint of the automobile manufacturing process, which die-casting technology can accomplish.
The automotive part die-casting market is segmented according to product type, raw material type, application type, end-user type, and vehicle type. The market sectors are squeeze die-casting, semi-solid die-casting, pressure die-casting, and vacuum die-casting. The three primary elements used in die-casting vehicle parts are aluminum, magnesium, and zinc. Body assemblies, transmission components, and engine components are the three application types in the industry. The automotive OEMs and Independent Manufacturers are split into two categories in the automotive part dies casting market based on the end user. The industry’s two main sectors are commercial and passenger vehicles.
Automotive Part Die Casting Market: Dynamics
The market for automotive part die-casting is segmented by product type, raw material type, application type, end-user, and vehicle type. Squeezing die-casting, semi-solid die-casting, pressure die-casting, and vacuum die-casting are the four methods of manufacturing. Aluminum, magnesium, and zinc are the three raw material types used in the automotive die-casting business. The three application kinds in the sector are body assemblies, transmission components, and engine components. Based on the end-user, the automotive part dies casting industry is classified into two categories: automobile OEMs and Independent Manufacturers. There are two sorts of vehicles in the industry: 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
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
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