AUTOMOTIVE PARTS ALUMINUM DIE CASTING MARKET
Aluminum die casting is a process of casting aluminum alloy under high pressure. It is widely used in the automotive industry because of its advantages over other metals. Die-casting aluminum auto parts are lighter in weight, have better mechanical properties, and can be easily cast into complex shapes.
The automotive industry is the largest consumer of die casting car parts. In 2015, it consumed around 40% of the total aluminum die-casting production. The demand for automotive aluminum die-casting is growing at a rapid pace owing to the increasing production of vehicles.
The Asia-Pacific region is the largest automotive metal die-casting market. China is the largest market in the region and is also the largest producer of die-casting aluminum auto parts. China has a large automotive industry and is also the largest exporter of aluminum die-casting parts.
AUTOMOTIVE PARTS ALUMINUM DIE CASTING MARKETOVERVIEW
The automotive parts aluminum die casting market is projected to register a CAGR of over 5%, during the forecast period (2020 - 2025). The automotive industry is one of the major end-users of aluminum die casting.
Aluminum die casting is widely used in the automotive industry, owing to its superior mechanical properties, such as a high strength-to-weight ratio and good dimensional stability. Aluminum die casting is used in a variety of automotive applications, such as powertrain, suspension, and body components.
The increasing demand for lightweight vehicles is one of the major factors driving the growth of the automotive metal die casting market. The rising fuel prices and stringent emission regulations are compelling automotive manufacturers to focus on reducing the weight of vehicles.
Aluminium die casting is one of the most widely used methods for manufacturing lightweight automotive components. The automotive parts aluminium die-casting market is consolidated in nature.
The key players in the market of auto die casting companiesinclude Aisin Seiki Co., Ltd., Alcoa Corporation, China Light Industry Machinery Association (CLIMA), and Dynacast International, Inc. The Asia-Pacific region is the largest market for automotive parts aluminium die casting, due to the presence of a large number of automotive manufacturing facilities in the region.
The automotive metal die-casting market is expected to witness significant growth in the Asia-Pacific region, during the forecast period. The growing automotive industry in the region is one of the major factors driving the growth of the market of auto parts die casting manufacturer in the region. China is the largest market for automotive parts aluminium die casting in the Asia-Pacific region, followed by India and Japan.
AUTOMOTIVE PARTS ALUMINUM DIE CASTING MARKET DYNAMICS
The automotive parts aluminum die casting market comprises establishments primarily engaged in manufacturing aluminum die-castings. Die casting is a process in which molten aluminum is injected under high pressure into a mold cavity. The automotive parts aluminum die casting market also includes establishments primarily engaged in aluminum casting using non-die-casting methods.
The automotive parts die casting market is segmented based on type, process, and application.
Based on type, the automotive parts aluminum die casting market is segmented into gravity die casting, low-pressure die casting, and high-pressure die casting.
Based on the process, the auto parts die casting manufacturer market is segmented into hot chamber die casting and cold chamber die casting.
Based on application, the automobile parts made by casting are segmented into engine parts, transmission parts, body parts, and other parts.
There are many types of aluminum alloys used for die casting, but the most popular alloys used in automotive applications are A356 and A380.
Die casting is a very versatile manufacturing process that can produce parts with very tight tolerances and very smooth surfaces.
Automotive parts aluminum die casting components in automobile is used to produce a wide variety of parts for the automotive industry.
Some of the most common casting parts in automobile produced using die casting are engine blocks, cylinder heads, transmissions, and suspension components, auto parts casting.
Die casting is also used to produce a variety of other parts for automobile casting components, including body panels, doors, windows, and wheels.
GLOBAL AUTOMOTIVE PARTS ALUMINUM DIE CASTING MARKET OPPORTUNITIES
The Global Automotive Parts Aluminum Die Casting Market was valued at $15,616.7 million in 2017 and is projected to reach $22,913.9 million by 2023, at a CAGR of 6.29% from 2018 to 2023.
The global automotive die-casting parts are driven by the rising demand for light weight vehicles with improved fuel efficiency, emission control, and safety features. Moreover, with the stringent government regulations for vehicle emission and fuel economy, The automotive metal die-casting market is segmented based on process, product, vehicle type, and geography.
Based on the process, the market is categorized into low-pressure die casting, vacuum die casting, hot-chamber die casting, gravity dies casting, and semi-solid die casting automotive parts.
Based on product, the market is classified into engine parts, transmission parts, suspension parts, body parts, and others. Based on vehicle type, it is bifurcated into passenger cars (PC) and commercial vehicles (CV).
The key players profiled in this automotive die casting manufacturers and automotive die casting suppliers report include Nemak, Martinrea International, Inc., Cosma International, Inc., Endurance Technologies Limited, Alcast Technologies Limited, Aisin Seiki Co., Ltd., Gestamp Automation S.A., Asahi India Glass Limited, Elringklinger AG, and Chassix, Inc.
Key Benefits:
This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the global die casting aluminium auto parts market.
It offers a detailed quantitative analysis of the current market and estimations through 2017-2023, which assists in identifying the prevailing market opportunities for automotive castings manufacturers.
An extensive analysis of the competitive landscape of the global aluminium die-casting car parts market is provided with company profiling of the key players.
A comprehensive analysis of all geographical regions is provided that determines the prevailing opportunities of the automotive metal die-casting market for die-cast auto parts.
CONCLUSION
The demand for quality die-casting auto spare parts is expected to increase owing to the growing automotive casting market. Moreover, the rise in demand for lightweight vehicles is expected to fuel market growth. The die-casting automotive process involves the use of metal moulds to create metal parts.
This process is widely used in the automotive industry as it offers several benefits, such as high dimensional accuracy, good surface finish, and increased strength. There is a growing demand for aluminium die-casting auto parts from the automotive casting industry owing to the benefits offered by the process. The aluminium auto die casting in the automobile industry process offers several benefits such as high dimensional accuracy, good surface finish, increased strength, and lower production costs.
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