|
Zion Research has published a new report titled “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, 2015-2021”. According to the report, global demand for automotive part die casting market was valued at around USD 7.54 billion in 2015 and is expected to reach approximately USD 11.86 billion in 2021, growing at a CAGR of slightly above 7.8% between 2016 and 2021.
The growth of automotive part die casting market is mainly attributed to increasing demand for lightweight automobiles coupled with rapidly growing automotive industry across the globe. In addition, energy saving trend, favorable government initiative, and industry regulations, various initiative by EPA to raise the mile per gallons standards from 35.5 miles per gallon (mpg) till 2016 and 54.5 mpg by 2025 have opened up alluring opportunities for automotive part die casting industry. Initiatives by NADCA to improve the technical workforce and NADCA’s work with several community colleges in the U.S. to create a die-casting farm system is expected to improve the performance of the whole die casting market.
Browse through 18 Market Tables and 28 Figures spread over 110 Pages and in-depth TOC on “Global Automotive Part Die Casting Market: Type, Material, Application, Size, Share, Growth, Trends, Analysis, Segment and Forecast 2015-2021”.
Pressure die casting and vacuum die casting are major process types involved in the die casting market. In 2015, vacuum die casting process is expected to attain acceptance at a faster pace, due to minimal porosity and tensile strength of the end product from the process. Pressure die casting segment is also expected to achieve significant growth in coming years.
The shift towards lightening and easy customization of the part in the automotive industry spiked up the use of aluminum for die casting parts. Technological advancement such as new magnesium thixomolding, a type of semi-solid metal casting by Proto Labs is expected to show tremendous growth for magnesium as a raw material.
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
-The
18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
|
