Automotive Casting Market Growth Prospects by Growth Trends, Regions and Top Key Players Analysis to 2027
Europe automotive casting market is expected to capture over 15% industry share during the projected span. The regional growth is chiefly ascribed to continuous research and development initiatives related to automotive production and stringent regulatory environment related to the reduction of vehicle weight and levels of emission.
The SARS-CoV-2 pandemic has impacted the global automotive casting market for a short term. This is mainly due to the implementation of lockdown measures comprising complete as well as a partial shutdown of production facilities by governments across the globe.
Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/5052
On this note, as per the latest study by Global Market Insights, Inc., the automotive casting market size is anticipated to reach USD 169 billion through 2027.
This growth is attributed to the increasing demand for cast wheels owing to their easy workability, low weight, and excellent strength. In view of these advantages, the brakes and wheels segment is set to register a share of more than 15% through 2027.
In the wave of strict regulatory rules, several players in the automotive industry are opting for improvements in casting techniques for consolidating market share and maintaining their position in the industry.
Speaking of an instance, in April 2021, Toyota Industries Corporation entered into a collaboration with Siemens for the development of AI (artificial intelligence) that can help in the prediction of product abnormalities in aluminum die casting. The method forms a key process in the production of automotive air conditioning compressors.
Considering another instance, in September 2020, Tesla announced plans for the replacement of 70 components that are riveted and glued into its car’s rear underbody by means of a single module made using an aluminum casting machine. The move replaces robots at Tesla’s new Germany-based car factory with giant aluminum automotive casting machines for building simpler chassis parts.
In a nutshell, the rising preference for die casting on account of its ability to produce complex parts with high dimensional accuracy will augment automotive casting market size through the analysis period.
Prominent automotive casting companies include Sunrise Metal, Gibbs Die, Dawang Steel Castings, Ferralloy Inc., Endurance Technologies, Dynacast, and others.
Request for a Customization of this research report @ https://www.decresearch.com/roc/5052
Partial Chapter of the Table of Content
Chapter 4 Automotive Casting Market, By Material
4.1 Global market material insights
4.2 Iron
4.2.1 Market estimates and forecast, 2017 – 2027
4.2.2 Market estimates and forecast, by region, 2017 – 2027
4.3 Steel
4.3.1 Market estimates and forecast, 2017 – 2027
4.3.2 Market estimates and forecast, by region, 2017 – 2027
4.4 Aluminum
4.4.1 Market estimates and forecast, 2017 – 2027
4.4.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 5 Automotive Casting Market, By Process
5.1 Global market process insights
5.2 Sand casting
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Market estimates and forecast, by region, 2017 – 2027
5.3 Die casting
5.3.1 Market estimates and forecast, 2017 – 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
5.4 Investment casting
5.4.1 Market estimates and forecast, 2017 – 2027
5.4.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 6 Automotive Casting Market, By Application
6.1 Global market application insights
6.2 Engine
6.2.1 Market estimates and forecast, 2017 – 2027
6.2.2 Market estimates and forecast, by region, 2017 – 2027
6.3 Transmission and suspension
6.3.1 Market estimates and forecast, 2017 – 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
6.4 Brakes and wheels
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-casting-market