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South Korea Automotive Parts Aluminium Die casting Market - Growth, Trends, Forecast (2020 - 2025)

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The auto industry as such in Korea hit the largest record in export volume of 3,171 thousand units and export value at $71.8 billion, owing to improved quality and reliability and Korea-US FTA. Reducing the emissions and improving the fuel efficiency of the vehicles by weight reduction has become a priority for major automakers and this propelled automotive parts aluminium die casting market in the country.

Chongqing Yujiang casting limited, Dynacast and Global concepts enterprise limited are now trying to capitalize on the growing Asia-Pacific market by establishing their bases in South Korea. Korean market for automotive parts aluminium die casting will touch $231.26 million by 2020 at a considerable CAGR of 6.99% over the forecasted period.

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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  • This report on South Koreaautomotive aluminum parts die casting market, analyzes the current market trends within South Korea in detail.
  • This report offers the technical aspects and economic data of the market and its forecast to the next 5 years (2015-2020).
  • It also discusses the latest technologies in the South Koreaautomotive aluminum die casting materials and parts that are under development and in research pipeline.
  • This report provides the list of major players in the market and gives an in depth analyst perspective of what makes the products and strategies of these players stand out.

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