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Japanese market for automotive parts aluminium die-casting will reach $268.03 million by the end of 2015, accounting to 13% of the Asia-Pacific market share.
After a massive ramp-up by China in the 2000s and fluctuating U.S output, Japan is now currently the third largest automotive producer in the world with an annual production of 9.9 million automobiles in 2012. As of 2012, Japan was also the third largest consumer for auto parts consumption, accounting for 234,032md following US and China. Further, with 10% of the global auto part export share as of 2012 and 3% of the import, aided by latest innovations, the agenda of reducing emissions and increasing fuel efficiency by lightening vehicleweight, Japanese auto manufacturers are now seeking for lightweight materials in terms of both internal parts and body chassis. This in turn, acted as a driver for the automotive parts die casting market in Japan.
The market is segmented based on the production process type, and by application type. In a nutshell, automobile makers are now focusing on collaborating with the part die casting manufacturers in order to produce fuel-efficient and lightweight automobiles.
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5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
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India
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