Automotive Part Die Casting Market is Set for a Rapid Growth and is Expected to Reach USD 17.23 Billion by 2026

Zion Market Research has published a new report titled “Automotive Part Die Casting Market by Type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting), by Raw Material (Aluminum, Zinc, Magnesium and Others), and by Applications (Body Assemblies, Engine Parts, Transmission Parts and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019-2026.” According to the report, the Automotive Part Die Casting Market accounted for USD 10.18 Billion in 2019 and is expected to reach USD 17.23 Billion by 2026, growing at a CAGR of around 7.8% between 2020 and 2026.

Browse the full “Automotive Part Die Casting Market (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting) by Raw Material (Aluminum, Zinc, Magnesium and Others) Market for Body Assemblies, Engine Parts, Transmission Parts and Others Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2026” report at https://www.zionmarketresearch.com/report/automotive-part-die-casting-market

Requirement for lightweight automobiles to have a towering affect on the development of automotive part die casting market 

As per analysts at Zion Market Research, the development of automotive part die casting market is majorly credited to rising requirement for lightweight automobiles paired with rapidly developing automotive sector all over the world. Moreover, favorable government initiative, energy saving trend, and various initiative 7 industry regulations by EPA to lift the mile per gallons (mpg) standards to 54.5 mpg by 2025 and to 35.5 (mpg) till 2016 have open up alluring avenues for automotive part die casting market. Programs by NADCA to enhance the technical labor force to boost the automotive part die casting market. In addition to this, NADCA’s work with various community colleges in the U.S. to make a die-casting farm network is likely to enhance the demand of automotive part die casting market. Various product launches by market players are set to drive the automotive part die casting market growth. For instance, in September 2017, Chem Trend launched out new die lubricant technology to boost the automotive part die casting market.

In 2019, engine parts and body assemblies surfaced as top application divisions of automotive part die casting market. Rising automotive production is likely to add to the development of both application divisions of automotive part die casting market in the years to come.

Government initiative, large-scale domestic production, and availability of resources to suffice the development of automotive part die casting market in North America

North America surfaced as top region for automotive part die casting market in 2019. The development is majorly credited to government initiative, large-scale domestic production, and availability of resources. North America was closely chased in 2019 by Asia pacific in automotive part die casting market. Increasing automotive industry coupled with industrialization in China and India are the major boosting factors for the development of the automotive part die casting market. India is more and more developing as a center for the automobile components makers for zinc and magnesium die cast auto parts, thereby driving the automotive part die casting market.

Major participants in the automotive part die casting space include Consolidated Metco,  Endurance Group, Alcoa Howmet, Rockman Industries Inc., Ryobi Die-casting Inc., Alcast Technologies, Dynacast and Texas Die Casting amongst others.

The global automotive part die casting market is segmented as follows:

By Type 

• Pressure Die Casting
• Vacuum Die Casting
• Squeeze Die Casting 
• Semi-Solid Die Casting

By Raw Material  

• Aluminum
• Zinc
• Magnesium 
• Others

By Application

• Body Assemblies
• Engine Parts
• Transmission Parts 
• Others

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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