Automotive Parts Die-Casting Market
Automotive Parts Die-Casting Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0551
Segments Covered
By
Production Process Type Pressure Die-casting, Vacuum Die-casting, Squeeze Die-casting, Semi-solid Die-casting
-
By
Raw Material Aluminum, Zinc, Magnesium, Others
-
By
Application Type Body Assemblies, Engine Parts, Transmission Parts, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
38.53 Billion |
 Revenue 2028:
|
57.54 Billion |
 Revenue CAGR
(2021 - 2028): |
6.82% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Automotive Parts Die-Casting Market - Global Market Assessment, 2021 - 2028
The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Moreover, the information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Parts Die-Casting market.
Secondary Research
Primary Research:
In the primary research process, the information gained/procured from the secondary data sources is validated after primary interviews with industry experts across the Automotive Parts Die-Casting supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Automotive Parts Die-Casting market size at regional and country level
- Strategic analysis of , , and
- Key industry players and their market share
- Understanding market developments, future growth prospects, and upcoming challenges
Data Triangulation and Market Size Estimations
After the complete market engineering process and arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Automotive Parts Die-Casting market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Automotive Parts Die-Casting market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Parts Die-Casting in terms of revenue?
-
The global Automotive Parts Die-Casting valued at 38.53 Billion in 2020 and is expected to reach 57.54 Billion in 2028 growing at a CAGR of 6.82%%.
Which are the prominent players in the market?
-
The prominent players in the market are Ningbo Zhenhai Xinxie Machinery, Sibar, NORTHWEST DIE CASTING, Pacific Die Casting, Kinetic Die Casting Company, Dynacast, Ningbo Parison Die Casting, Alu Die Casting, Rockman, GF Automotive, Sandhu Auto Engineers, Wotech, Mino, Ryobi Die Casting, Aisin Auto..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.82%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Parts Die-Casting include
- The increasing automobile sales have is anticipated to augment the growth of the automotive parts die casting market during the forecast period. This is attributable to the rapid urbanization, rising disposable income of the consumers, regulations associated to fuel efficiency, and improvement in dynamics. Furthermore, increase in global sales of automobiles has also caused a major inclination towards the adoption of personal vehicles which is in turn expected to support the growth of the automotive parts die casting market in the forecast period.
- The government initiatives to implement laws and regulations for vehicular emission mandated automobile manufacturers to use advanced technologies to confine high emission levels in vehicles in various countries. Recent guidelines by environmental protection agency (EPA) have induced automotive to source components for manufacturing lightweight vehicles. This in turn is expected to drive the market for automotive parts die casting industry in the country. Furthermore, initiatives taken by national air duct cleaners association (NADCA) towards advancing the technical workforce in the industry of die casting are also supporting the growth of the market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automotive Parts Die-Casting in 2020.
