Asia Pacific Automotive Parts Die Casting Market
The Asia-Pacific market for automobile parts die casting registered estimated revenue USD 17.1 billion in 2015 and is expected to touch USD XX billion by 2022, with a CAGR of XX% over the forecasted period. Increased automation in the die casting industry has spiked the productivity and a parallel demand for die casting from the automotive industry is drawing the attention of automotive manufacturers towards highly durable die casting parts.
With demand for lightweight automobiles and energy saving trends on the rise, the automotive parts die casting market has grown substantially in the Asia-Pacific region. Cheaper labor and low manufacturing costs in India and China have further propelled the growth of the market in these countries. Over the past 2 decades, small privately-run factories in this region have become much more competitive and professional in producing die-cast automobile parts. However, the market in Asia-Pacific for automobiles and related products was subjected to imperfect competition and resulted in huge capacity, the large number of competitors, high redundancy, and overlap.
Thailand is emerging as a major automobile exporting country, driven by Japanese FDI. The Chinese automobile sector is growing very fast and is poised to make its impact in the international trade arena. India is consolidating its position with strong domestic and external demand for high-quality parts at lower prices. All these factors together are driving the market for automotive die casting parts market in the Asia-Pacific region.
The market is segmented based on the production process type, raw material type, application type and geography. In a nutshell, automobile makers are now focusing on collaborating with the parts die casting manufacturers in order to produce fuel-efficient and lightweight automobiles.
Some of the key players in the market are:
- Castwel Autoparts Pvt. Ltd.
- Die Casting Solutions GmbH
- Dynacast
- Endurance Group
- Gibbs Die Casting Group
- Rockman Industries Ltd.
- Sandhar Technologies Ltd.
What the Report Offers
- This report on Asia-Pacific automotive parts die casting market analyzes the current market trends of the die casting industry of India, China, Japan, Korea and Australia markets in details.
- This report offers the technical aspects and economic data of the market and its forecast for the next 5 years (2015-2020).
- It also discusses the latest technologies in the Asia-Pacific automotive die casting materials and parts that are under development and in the research pipeline.
- This report provides the list of major players in the regional market and gives an in- depth analyst perspective of what makes the products and strategies of these players stand out and how these players are planning to expand their reign in the region.
