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PUNE, India, March 15, 2022 /PRNewswire/ -- Automotive Part Die Casting Market is slated to cross USD 20.31 Billion By 2028, as per new research study by Zion Market Research Private Limited. It earned USD 11.1 Billion in 2021 and will register CAGR of about 7.8% in 2022-2028. Additionally, growth of automotive part die casting market over forecast timespan is subject to increase in per capita income of middle-income groups along with rise in sale of passenger vehicles. In addition to this, automotive die casting components help automotive in weight reduction, thereby minimizing fuel emissions along with enhancing fuel efficiency. Eco-friendly features of product will steer market growth trends.

Zion Market Research published the latest report titled as "Automotive Part Die Casting Market- By Production Type (Squeeze Die-Casting, Semi-Solid Die-Casting, Pressure Die-Casting, and Vacuum Die-Casting), By Raw Material Type (Aluminum, Magnesium, and Zinc), By Application Type (Body Assemblies, Transmission Components, and Engine Components), By End-User (OEMs and Independent Manufacturers), and By Vehicle Type (Passenger Vehicle and Commercial Vehicle): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028." into their research database.

Automotive Part Die Casting Market: Overview

Increase in middle-income group population coupled with rise in standard of living in emerging countries as well as developed nations have resulted into surge in sale of passenger vehicles. This has resulted in humungous demand for automotive part die casting across globe. Reportedly, a die casting in automotive sector is a special tool that is utilized for cutting automotive parts in uniform shapes through use of a press. Product manufacturers prefer flexible die casting services that can suit original equipment manufacturer configuration set up along with meeting quality of products & volume output needs. Owing to launching of automated die casting production processes, the consumption of time in vehicle manufacture has come down drastically.

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Automotive Part Die Casting Market: Segmentation

Market is divided into production type, raw material type, application type, end-user, and vehicle type.

Based on different segments, automotive part die casting market is divided into production type, raw material type, application type, end-user, and vehicle type. On basis of production type, market is sectored into squeeze die-casting, semi-solid die-casting, pressure die-casting, and vacuum die-casting. Raw material type wise, automotive part die casting industry is divided into aluminum, magnesium, and zinc. In terms of application type, industry is segregated into body assemblies, transmission components, and engine components. Based on end-user, automotive part die casting sector is divided into automotive OEMs and Independent Manufacturers. In Vehicle type terms, the industry is sectored into passenger vehicle and commercial vehicle.

Automotive Part Aluminum Die Casting Segment To Contribute Majorly Towards Market Share By 2028

Mechanical features of the raw material as well as its thermal & electric conductivity will drive segmental surge.

Growth of segment over next six years is subject to its light weight and corrosion resistance properties of aluminum. In addition to this, mechanical features of the raw material as well as its thermal & electric conductivity will drive segmental surge. Apart from this, low density aluminum is required for die casting and hence finds massive application in automotive part die casting industry. Moreover, aluminum die casting method possesses high strength at extreme temperatures.

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Vacuum Die-Casting To Lead Production Process Segment In 2022-2028

Rise in demand for vacuum die-casting in aluminum part die casting process is due to former's ability in manufacture of effective weldable vehicle products in comparison to other processes.  Automotive products produced in this way are very big.

List of Key Players of Automotive Part Die Casting Market:

Key Industry Insights & Finding of the Automotive Part Die Casting Market Reports:

Key questions answered in this report:

By Product Type, By Application, and By End Use

Value (USD Billion), and Volume (Units)

Revenue in USD million/billion and CAGR from 2022 to 2028

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Consolidated Metco, Inc., Endurance Technologies Limited, Rockman Industries, Ryobi Die-casting Inc., Alcast Technologies, Dynacast, and Howmet Aerospace Inc.

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

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Breakthroughs Taking Place in Automotive Part Die Casting Industry:

Asia Pacific To Dominate Automotive Part Die Casting Market Over 2022-2028

Growth of regional market over forecasting timespan is due to thriving automotive vehicle sector in countries such as China with massive vehicle production & sale. Rise in sale of passenger cars in countries such as Malaysia , India , China , and Indonesia will drive regional market trends.

Global Automotive Part Die Casting Market is segmented as follows:

 Automotive Part Die Casting Market: By Production Type Outlook (2022-2028)

 Automotive Part Die Casting Market: By Raw Material Type Outlook (2022-2028)

Automotive Part Die Casting Market: By Application Type Outlook (2022-2028)

Automotive Part Die Casting Market: By End-User Outlook (2022-2028)

Automotive Part Die Casting Market: By Vehicle Type Outlook (2022-2028)

Automotive Part Die Casting Market: By Region Outlook (2022-2028)

Press Release For  Automotive Part Die Casting Market: https://www.zionmarketresearch.com/news/automotive-part-die-casting-market-to-accrue-revenue

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