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Automotive Parts Die Casting Market 2018
Automotive Parts Die Casting Market Share, Size, Trends, And Business Opportunity
Analysis Report 2018 include historic data, with forecast data to 2023. Automotive Parts
Die Casting Market report is helpful for future strategy development, and to know about
Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends,
key players forecast to 2023
Automotive Parts Die Casting Market Research Report, by Production Process Type
(Pressure, Vacuum, Squeeze and Semi-Solid), Raw Material Type (Aluminum, Zinc,
Magnesium and Others), By Application Type, Vehicle Type, and by Regions - Forecast till
2023
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Market Scenario:
The automotive die casting process is basically a manufacturing process used to
manufacture complex and intricate metal parts and components using reusable molds,
which are called dies. The die casting process used in automobiles makes use of metal, die
casting machine, furnace and die. The metal that is usually a nonferrous alloy like zinc or
aluminum is first melted in the furnace and then injected inside the dies of the die casting
machine.
Several factors are responsible for the growth of automotive parts die casting market over
time in the global scenario. Firstly, industrialization and automation have brought about
the revolution of mass scale production in minimum time. Die casting process provides
precise component specification manufactured in the shortest time possible. Secondly, the
government initiatives are inclined towards energy saving and lowering the carbon
footprint for the automobile manufacturing process which can be achieved using the die
casting process. The global automotive parts die casting market is expected to expand at
~7% CAGR.
Automotive Parts Die Casting Market by Segmentation:
On the basis of production process, the pressure die casting is the most widely used
method. This can be attributed to the simplicity of operation, which makes it suitable for
large-scale manufacturing at affordable rates. Squeeze die casting is similar to pressure die
casting, in which the molten metal is in close contact with the die metal under high
pressure, providing the die at the desired hardness level. On the basis of the raw materials,
aluminum is the most widely used for manufacturing of the dies owing to its high