Lucintel's latest market report analyzed that automotive parts die casting provides attractive opportunities in transmission parts, engine parts, body assemblies, battery and related components, and others market. The automotive parts die casting market is expected to reach $XX billion by 2027 with a CAGR of 7% to 9%. In this market, pressure die-casting is the largest segment by production process type, whereas transmission part is largest by application. Rising demand from the electric vehicles, surge in demand for aluminium die casting, and government initiatives towards vehicle weight and emission reduction to increase fuel efficiency provides strategic growth path in this market.
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Based on production process type, the automotive parts die casting market is segmented into vacuum die-casting, pressure die-casting, squeeze die-casting, gravity die-casting, and semi-solid die-casting. The pressure die-casting segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to its easy accessibility worldwide, is ideal for producing a large number of automotive parts, and has unique advantage in manufacturing high-volume goods.
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The Automotive Parts Die Casting Market is marked by the presence of several big and small players. Some of the prominent players offering automotive parts die casting include Alcast Technologies Ltd., Alcoa Corporation, Bodine Aluminum Inc., Consolidated Metco Inc., GF Casting Solutions, Gibbs Die Casting Corporation, Rheinmetall Automotive AG, Shiloh Industries Inc., and Walbro LLC.
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Brandon Fitzgerald
Lucintel
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