Market Research Future published a raw research report on Global Automotive Parts Die Casting Market that contains the information from 2017 to 2023. Automotive parts die casting market is expected to expand with the CAGR of approximately 7% from 2017 to 2023.
Taste the market data and market information presented through more than 85 market data tables and 54 figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Automotive Parts Die Casting Market Information” from 2017 to 2023"
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The automotive parts die casting market has seen consistent growth in the last few decades. Die casting is a metal casting process involving forcing a molten metal stream under high pressure into a mold cavity within a precise time interval. The mold cavity is manufactured using machine hardened tool steel dies. These dies work similarly to an injection mold during the process of manufacturing of the automobile components. Majority die castings are manufactured from non-ferrous metals such as zinc, aluminum, copper, magnesium, or alloys of composite metals.
On the basis of production process, the pressure die casting process is the most widely used in the automotive industry. This process is a quick, reliable and cost-effective method for the manufacturing of auto components that have considerable strength, are long-lasting and help in the manufacture of an affordable automobile. The squeeze die casting process is quite similar to the process of pressure die casting. The molten metal is passed through the narrow slits in the die at high pressure. This provides the metal, the required strength and shape along with the hardness level. On the basis of the raw materials, the most commonly used materials that are used to manufacture the die, are aluminum and zinc. Both these metals are highly malleable and can be easily molded into any desired shape. Thus the die manufactured from these metals can be produced if any desired intricate shape, size and possess high strength for repeat multiple use over a period of time. On the basis of the application types, the die casting process is the most commonly used for the manufacture of engine parts and other intricate components such as transmission parts. These parts require precise detailing and are of varied sizes, which are difficult to manufacture on a cutting machine directly.
Passenger vehicles are expected to dominate the Global Automotive Parts Die Casting Market by vehicle type segment during the forecast period
On the basis of vehicle type, the passenger vehicles are expected to drive the automotive parts die casting market due to some reasons. The global automobile manufacturers have adopted mass production for the last couple of decades. Automation and mass production help in reducing the cost of production of the automobile. This lowered cost can be passed to the end consumer and thus the automobile customer can purchase the vehicle at discounted rates. Due to the increase in the purchasing power of the global middle-class customer, the sales of automobiles will consistently grow. The automobile customer is more concerned about the vehicle safety and performance. The vehicle performance and longevity, depend upon the quality production process undertaken for vehicle manufacture. Thus, the die casting process used for the manufacture of critical automobile components will help increase the automobile quality while bringing down the cost.
The key players in automotive parts die casting market are Alcast Company (U.S.), Dynacast, LLC (U.S.), Endurance Technologies Limited (India), Gibbs Die Casting Corp (U.S.), Rockman Industries (India), and Ryobi Die Casting Inc. (U.S.). Kinetic Die Casting Company, Inc. (U.S.), Magic Precision, Inc. (China), Meridian Lightweight Technologies Inc. (England), and Mino Industry USA, Inc. (U.S.) are among others.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global construction lift market, including high-growth regions and/or countries, and political and economic environments. The project report, further provides both – historical market values and pricing & cost analysis.
(China), and Mino Industry USA, Inc. (U.S.) among others.
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