Market Size of China Automotive Parts Aluminum Die Casting Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 10.41 Billion |
| Market Size (2029) | USD 15.49 Billion |
| CAGR (2024 - 2029) | 8.26 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Automotive Parts Aluminum Die Casting Market Analysis
The China Automotive Parts Aluminum Die Casting Market size is estimated at USD 10.41 billion in 2024, and is expected to reach USD 15.49 billion by 2029, growing at a CAGR of 8.26% during the forecast period (2024-2029).
Over the long term, increasing investments in research and development by major industry players, a rise in sales of electric and hybrid vehicles, and the rising demand for commercial vehicles have been creating demand in the Chinese automotive and transportation industry with a surge in sales of automotive parts with aluminum die-casting.
China is one of the largest markets for automobiles in the world and is expected to grow more in the future. An increase in the production of passenger cars and commercial vehicles is expected to drive the market for automotive parts developed through aluminum die casting. Pollution is becoming a serious concern, and governing bodies are focused on curbing the pollution caused by vehicles. At the same time, automobile manufacturers are opting for lightweight components to reduce fuel consumption and curb the emission of harmful pollutants into the atmosphere.
The government is pushing automobile manufacturers and encouraging customers to adopt electric vehicles by providing subsidies as the country is planning to completely ban diesel and petrol vehicles. An increase in the production of electric vehicles, such as passenger cars and commercial vehicles, is expected to boost the sales of automotive parts developed through aluminum die casting.
