Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Global Automotive Parts Die Casting Market_Written | Page 2

The automotive parts die casting market in the European region accounts for the second largest market in
terms of size owing to the large and well-established automotive sector in the region. Europe has been the
global automotive hub for research and innovation. Certainly, the resurging economy in the region is playing
a vital role in the growth of the automotive parts die casting market in the region.
The North American region is rapidly emerging as a promising market for automotive parts die casting.
Factors such as increasing vehicle production and the growing demand for safety and comfort features in
vehicles drive the regional market. Well-established automotive industry in this region creates opportunities
for the automotive parts die casting market to grow significantly during the forecast period.
Global Automotive Parts Die Casting Market – Competitive Analysis
The highly competitive market of the automotive parts die casting is totally dependent on the automobiles'
sales and is fostered by the increase in automotive production. The market is fragmented owing to the
presence of several large and small key players accounting for a substantial market share.
Well-established players incorporate acquisition, collaboration, partnership, expansion, product &
technology launch to gain the competitive edge and thus, maintain their positions in the market. Competitive
by nature, this market is envisaged to intensify with more entrants get attracted to the mass market.
Market players emphasis on product development initiatives and expansion in the emerging regions. The
market is estimated to witness constant development and innovations of new products, which will
resultantly turn into intensifying the competition among the players.
These players invest heavily in the R&D to develop a technology, entirely on a different level compared to
their competition. They strive to develop products with adept technologies, unique design, and features.
Industry/ Innovation/ Related News:
October 16, 2018 – A group of researchers from the US submitted their study of compassion they carried
out for parts made with 3D printing to parts made with die casting, using the same material. In many studies,
additive manufacturing has been compared with traditional manufacturing techniques.