Automotive Parts Die-Casting Market Size , Share , Trends , Analysis and Forecasts To 2022
The Global Automotive Parts Die-Casting market accounted for $ 7.0 billion in 2014 and is expected to reach $ 12.8 billion by 2022 growing at a Compound Annual Growth Rate ( CAGR ) of 7.8 % during the forecast period 2014 to 2022 . The growing automobile industry and amalgamation of lightweight parts in automobiles has influenced the market growth . The Environmental Protection Agency ( EPA ) regulations raised mile per gallon standards to 35.5 miles per gallon by 2016 , and then 54.5 mpg by 2025 this requirement set by EPA is one of the prominent factors boosting the market growth . Rules imposed by Occupational Safety and Health Administration ( OSHA ) and initiatives by National Air Duct Cleaners Association ( NADCA ) to develop the technical workforce in the die casting industry are anticipated to improve the overall production of the market .
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North America has the largest market and accounts for more than 30 % of the global market share driven by the government initiatives , large-scale domestic production , and availability of resources . In the United States , Aluminum Die-Casting market for automobiles has matured and is witnessing stable growth over the past few years . On the other hand , China with its magnesium reserve is anticipated to emerge as the leading supplier of the magnesium die cast parts . India is progressively growing as a hub for the automobile components manufacturers , particularly for magnesium and zinc die cast auto parts . India and China are expected to boost the global market during the forecast period strongly driven by the rapid growth in automobile industry .
The key players in the Automotive Parts Die-Casting market include Castwel Autoparts Pvt Ltd ., Dynacast , Endurance Group , Mino Industry USA Inc ., Kinetic Die Casting Company , Sunbeam , Auto Pvt . Ltd , Gibbs Die Casting Group , Rockman Industries Ltd ., Texas Die Casting , and Sipra Engineers Pvt . Ltd
Product Types Covered : Pressure die casting Vacuum die casting Squeeze die casting Semi-solid die casting
Raw Material Type of Automotive Parts Die-Casting Covered : Aluminum Zinc Magnesium Others