Die Casting in Automotive Industry | COVID-19 Analysis

[sagar]

The surge in industrialization and automation is adding to the Die Casting in Automotive Industry considerably. The need for components made to precise specifications is stimulating the Die Casting in Automotive Industry.

Regional Analysis   

The regional evaluation of the Die Casting in Automotive Industry includes regions such as North America, APAC, Europe, and Rest of the World. The Asia Pacific market is anticipated to push the progress of the Die Casting in Automotive Industry. The automotive industry in this region is anticipated to develop rapidly due to the growing population, the collective purchasing power of the people, and a growing middle-class base. Nations such as India and China are anticipated to develop as a main automotive hub in the following decade. The European regional market has been the automotive hub globally for research and innovation. The die casting process aids in manufacturing the apparatuses that are of intricate design. Though the North American regional market is the principal market in terms of the ratio of automobile sales per person during the forecast period.

Segmental Analysis

The segmentation of the Die Casting in Automotive Industry is carried out on the basis of production process type, raw material type, application type, vehicle type, and region. On the basis of production process type, the Die Casting in Automotive Industry is segmented into squeeze die casting, pressure die casting, vacuum die casting and semi-solid die casting. Based on the raw material type, the Die Casting in Automotive Industry is segmented into zinc, magnesium, aluminium, and others. Based on the application type, the Die Casting in Automotive Industry is engine parts, body assemblies, transmission parts, and others. On the basis of vehicle types, the Die Casting in Automotive Industry is segmented into heavy commercial vehicle (HCV), passenger vehicle and commercial vehicle (LCV). Based on the region, the Die Casting in Automotive Industry is segmented into North America, Europe, Asia Pacific and Rest of the World.

Competitive Analysis

The noteworthy contenders in the Die Casting in Automotive Industry are Dynacast, LLC (U.S.), Endurance Technologies Limited (India), Alcast Company (U.S.), Gibbs Die Casting Corp (U.S.), Kinetic Die Casting Company, Inc. (U.S.).