Kenneth Research published a report titled “Automotive Metal Die Casting Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global automotive metal die casting market in terms of market segmentation by end-users, metal, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive metal die casting market is expected to grow at ~7% CAGR over the forecast period, i.e., 2022-2031. The market is segmented by metal into magnesium, zinc, and aluminum, out of these, the aluminum segment is expected to hold the largest share by the end of 2031 in the global automotive metal die casting market. This can be attributed to the increase in the demand for aluminum in the manufacturing process of light weight vehicles.
Government initiatives to reduce the emission of carbon dioxide in the environment is anticipated to increase the growth of the global automotive metal die casting market. Moreover, the advancement in technology owing to which more industries are adopting automotive metal die casting in the manufacturing and transition process.
Geographically, the global automotive metal die casting market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of them, the market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period owing to the rapid development in the economy and the growth of the automotive industry.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increase in the Demand for Light Vehicles in the Automotive Sector to Drive the Growth of the Market
As per the National Oceanic and Atmospheric Administration (NOAA), the global average atmospheric carbon emission in 2020 was 412.5 parts per million.
Backed by the rise in the carbon dioxide emission, there has been increase in the demand of light weight vehicles in the automotive sector. Furthermore, the light weight vehicles emits less carbon dioxide as compared to the heavy weight vehicles. Therefore, it is anticipated to drive the growth of the global automotive metal die casting market.
However, instability in the raw materials prices and negative impact of COVID-19 pandemic are expected to operate as key restraint to the growth of global automotive metal die casting market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global automotive metal die casting market which includes company profiling of Endurance Technologies Limited, Nemak., Shiloh Industries, Ryobi Limited., PHB Corp., Martinrea International Inc., MINO Industry Co., Ltd, Dynacast., Buhler AG, Oskar Frech GmbH + Co. KG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive metal die casting market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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