Automotive Parts Aluminium Die Casting Market to Grow at 5.5% CAGR from 2022-2030, Boosted by Demand for Fuel-Efficient Vehicles and Rise in Passenger Car Production

The most recent report published by Dataintelo highlights that the Global Automotive Parts Aluminium Die Casting Market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.5% over the period of 2022 to 2030. Leading this impressive growth are factors such as the increasing demand for lightweight and fuel-efficient vehicles, rising production of passenger cars, and the growing penetration of Aluminum Die Casting within the automotive industry. The report further indicates that the pressure die-casting segment is projected to dominate the global automotive parts aluminium die-casting market in 2022.

Advanced technological innovations driving the requirements for lightweight vehicles and the increasing usage of aluminum for casting automotive parts are key factors propelling market growth. Lightweight vehicles significantly enhance fuel efficiency and reduce greenhouse gas emissions. As such, automakers across the globe are emplacing a keen focus on vehicle light-weighting, leading to the increased requirement for aluminum die-casting parts and consequently, growth in the market.

Continued rise in the production of passenger vehicles is another key factor contributing to the growth of the aluminium die-casting market. As per the report, the global automotive industry is witnessing a surge in the production of both electric and internal combustion engine (ICE) passenger vehicles which in turn is positively impacting the aluminium die-cast parts market.

Further, the rising penetration of aluminum die casting in the automotive industry is a significant trend shaping the market. This is mainly attributed to the benefits of aluminum die casting which includes high dimensional stability, high thermal and electrical conductivity, corrosion resistance, good stiffness and strength-to-weight ratio at elevated temperatures.

In 2022, as mentioned in the report, the pressure die casting segment is predicted to hold the largest share in the global market. The dominance of this segment can be attributed to its ability to produce automotive parts with precise dimensional control, defined surface finish, and require less machining.

This report from Dataintelo underscores the importance and potential of the automotive parts aluminium die casting market in the global landscape. The evaluations and findings of the report provide invaluable insights for stakeholders in the automotive industry, guiding their strategic decision-making processes

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𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The automotive parts aluminium die casting market has been segmented on the basis of𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞
● Pressure Die Casting
● Vacuum Die Casting
● Squeeze Die Casting
● Semi-Solid Die Casting

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Body Assemblies
● Engine Parts
● Transmission Parts
● Others

𝐏𝐫𝐨𝐜𝐞𝐬𝐬
● Hot Chamber Die Casting
● Cold Chamber Die Casting

𝐑𝐚𝐰 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥
● Primary
● Secondary

𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞
● Passenger Cars
● Commercial Vehicles

𝐒𝐚𝐥𝐞𝐬 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
● OEM
● Aftermarket

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Texas Die Casting
● Amtek Group
● Gibbs Die Casting Group
● Georg Fischer Limited
● Aluminium Die Casting (China) Ltd.
● Ryobi Die Casting Inc.
● Tyche Diecast Pvt. Ltd.
● Ningbo Parison Die Casting Co.
● Ltd.
● Mino Industry Usa
● Inc.
● Castwel Autoparts Pvt. Ltd.
● Hicom Die Casting Sdn Bhd
● Endurance Group
● Nemak
● Sun Beam Auto Pvt. Ltd.
● Voit Automotive



Segment Analysis:

The Automotive Parts Aluminium Die Casting market is divided into several segments that include Product Type, Application, Process, Raw Material, Vehicle Type, Sales Channel and key players in the industry.

In terms of product type, it is separated into Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting. The application of these product types is seen across various parts of vehicles such as Body Assemblies, Engine Parts, Transmission Parts and others areas, demonstrating the broad applications of automotive parts produced through aluminium die casting. The process in manufacturing includes a spectrum from Hot Chamber Die Casting to Cold Chamber Die Casting. The raw materials used for this purpose are of two types, namely Primary and Secondary. The output from this process is largely used in different types of vehicles, including Passenger Cars and Commercial Vehicles. Regarding the sales channel, the market has been classified into OEM and Aftermarket. Lastly, the key players in this field include leading companies such as Texas Die Casting, Amtek Group, Gibbs Die Casting Group, Georg Fischer Limited, Aluminium Die Casting (China) Ltd, and several others.

Regional Analysis:

The geographical analysis of the Automotive Parts Aluminium Die Casting market has been performed for regions such as Asia Pacific, North America, Latin America, Europe, Middle East & Africa. The Asia Pacific region is projected to lead the market owing to the rapid industrialization and increasing number of automotive manufacturing units especially in emerging economies such as China and India. North America too, holds a significant share in the market due to their massive automotive industry and high adoption of advanced and efficient manufacturing processes. The market in the Europe region is driven by the presence of global automotive leaders like Germany and France. Latin America and Middle East & Africa also contribute to the overall growth of the aluminum die casting market though their shares are comparatively less. The growth in these regions is stimulated by developments in the automotive industry and the growing preference for aluminium die-casted parts

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Market Drivers:

1. Increasing Demand for Lightweight Vehicles: Aluminium die cast parts are lighter than their steel counterparts. As the automotive industry moves towards lightweight vehicles for better fuel efficiency and lower carbon emissions, the demand for these parts is increasing.

2. Technological Advancements: The use of advanced technologies such as high-pressure die casting can produce more complex and precise parts, which is driving the market growth.

3. Growing Automotive Industry: The expanding global automotive industry is creating a greater demand for automotive parts. This, in turn, is propelling the market for aluminium die cast parts.

4. Demand for Durable and Heat-resistant Components: Aluminium die cast parts are preferred over other materials because of their durability and heat resistance, which are essential for the longevity of the vehicle.

Opportunities:

1. Electric Vehicles: The rise in demand for electric vehicles offers an excellent opportunity for aluminium die casting in the automotive industry. These vehicles require lightweight components to enhance the power-to-weight ratio, range, and battery life.

2. High Demand in Emerging Economies: Emerging economies are witnessing rapid industrialization and urbanization. As a result, the demand for automobiles and, subsequently, aluminium die cast parts are expected to be high in these regions.

3. Use of Recyclable Materials: Aluminium is a recyclable material. The use of recyclable materials in automotive manufacturing is a trend that can offer significant opportunities for growth.

4. New Manufacturing Techniques: The development of new manufacturing techniques and technologies, such as 3D printing and advanced robotics, can provide an opportunity to produce more complex and high-quality components

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