Market Size of Germany Automotive Parts Aluminium Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Automotive Parts Aluminum Die Casting Market Analysis
The Germany Automotive Parts Aluminum Die Casting Market is projected to grow with a CAGR of more than 5 % during the forecast period.
- Owing to the high demand of automobiles in the region, Germany is one of the largest markets for automobiles in the world. the presence of leading automobile manufacturers as well as the component manufacturers is driving the growth in the region.
- With the growing pollution levels around the world car makers are looking for light weight components for reducing the fuel consumption and curbing the emission of harmful pollutants into the atmosphere.
- However, the low availability of aluminum in the country and the high imports of the metal because of the growing demand of aluminum and related products can be a restraint.
- Because of the ongoing Covid-19 pandemic all around the world, the aluminum die casting industry is badly hurt because of the spread of virus. The lockdown imposed has forced all the players in the industry to shut down their operations and also has weakened the demand for automobiles in the country. The April-June quarter witnesses' high negative rates in sales figures for the automobiles and the industry is expected to revive in second half of 2021.
