DUBLIN, Oct. 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/8ljm7q/global_automotive) has announced the addition of the "Global Automotive Parts Aluminum Die Casting Market - Growth, Trends, Forecast (2015-2020)" report to their offering.
The global market for automobile parts aluminum die casting, registered revenue $5.08 billion in 2015 and is expected to touch $6.64 billion by 2020 with an estimated CAGR of 5.52% over the forecasted period
Increased automation in the die casting industry spiked the productivity and a parallel demand for the former from the automotive industry is dragging the attention of automotive manufacturers towards highly durable aluminum die casting parts.
Automobile industry is highly dependent on the environmental protection agency regulations, owing to the high emissions by the automotive units. The move by EPA of raising the mile per gallons standards to 35.5 miles per gallon by 2016 and then 54.5 mpg by 2025 actually helped the die casting industry as the auto industry concluded the only way they can get to those mileage standards is by light weighting the vehicles. Aluminum, and specifically aluminum die castings, in many of the power train and engine areas, are the only way they've concluded they could achieve this.
This is one of the major reasons for the predicted growth of the industry in the area of structural die-castings too. Further, aluminum is becoming increasingly popular material for this purpose due to its ability to be easily recycled. Approximately 75% of aluminum consumed can be reused, and reclaimed aluminum can be recycled indefinitely, making it's the most popular material for automotive part die-casting.
North America is the largest market for automotive aluminum die casting globally. This huge market in the region was mainly due to large-scale domestic production, government initiative and availability of resources. Rockman Industries, Castwel Auto parts Pvt. Ltd., Endurance Group, Dynacast, Sandhar technologies limited, Gibbs die casting group and Die casting solution GmbH are some of the key players in the market.
The market is segmented based on the production process type, by application type and by geography type. In a nutshell, automobile makers are now focusing on collaborating with the part die casting manufacturers in order to produce fuel-efficient and lightweight automobiles.
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Key Players (Overview, Strategies, Developments, Analyst Perspective)
- Brabant Alucast - Chicago White Metal Casting Inc. - China Precision Diecasting - Continental Casting Llc - Georg Fischer Limited - Gibbs Die Casting Group - Kinetic Die Casting - Magic Precision Inc. - Meridian Lightweight Technologies - Mk Group Of Companies - Morimura Bros. Inc. - Ortal Die Casting - Pace Industries - Ryobi Die Casting Inc. - Shiloh Industries Inc. - Sundaram Clayton Ltd. - Twin City Die Casting Company - Ningbo Parison Die Casting Co., Ltd. - Pressure Die Casting (Pty) Ltd. (Africa) - Rockman Industries Ltd. - Ryobi Die Casting Inc. - Sandhar Technologies Ltd. - Sipra Engineers - Sun Beam Auto Pvt. Ltd. - Texas Die Casting - Tyche Diecast Pvt. Ltd. - Voit Automotive - Zealous Automotive
For more information visit http://www.researchandmarkets.com/research/8ljm7q/global_automotive
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SOURCE Research and Markets