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(Transportation-News.com, February 09, 2017 ) According to Publisher, the Global Automotive Parts Die-Casting Market is valued at $7.5 billion in 2015 and is expected to reach $11.8 billion by 2022 growing at a CAGR of 9.4% from 2015 to 2022. The growing automobile industry and amalgamation of lightweight parts in automobiles has influenced the market growth. The Environmental Protection Agency (EPA) regulations raised mile per gallon standards to 35.5 miles per gallon by 2016, and then 54.5 mpg by 2025. This requirement set by EPA is one of the prominent factors boosting the market growth. Rules imposed by Occupational Safety and Health Administration (OSHA) to develop the technical workforce in the die casting industry are expected to improve the overall production of the market. Moreover, initiatives by National Air Duct Cleaners Association (NADCA) to advance the technical workforce in the industry of die casting are also anticipated to foster the market growth.
North America has the largest market and accounts for more than 30% of the global market share. This growth is driven by factors such as government initiatives, large-scale domestic production, and availability of resources. In the United States, Aluminium Die-Casting market for automobiles has matured and is experiencing constant growth over the recent years. In Contrast, China with its magnesium reserve is expected to emanate as the leading supplier of the magnesium die cast parts. India is progressively growing as a hub for the automobile components manufacturers, particularly for magnesium and zinc die cast auto parts. India and China are expected to boost the global market during the forecast period strongly driven by the rapid growth in automobile industry.
For more information at http://www.reportsweb.com/automotive-parts-die-casting-global-market-outlook-2016-2022 .
Some of the key players in the market include Alcast Technologies, Alcoa Howmet, Castwel Autoparts Pvt Ltd, Die casting solutions GmbH, Dynacast, Endurance Group, Gibbs Die Casting Group, Kinetic Die Casting Company, Magic Precision Inc, Meridian Lightweight Technologies Inc, Mino Industry USA Inc, Ningbo Parison Die Casting Co., Ltd, Raltor Metal Technik India Pvt. Ltd, Rockman Industries Ltd, Ryobi Die-casting Inc, Sandhar Technologies Limited, Sipra Engineers Pvt. Ltd, Sunbeam Auto Pvt. Ltd, Super Auto India and Texas Die Casting.
Product Types Covered:
- Pressure die casting
- Semi-solid die casting
- Squeeze die casting
- Vacuum die casting
Raw Materials Covered:
- Aluminium
- Zinc
- Magnesium
- Other Raw Materials
Applications Covered:
- Body assemblies
- Commercial Car
- Engine Parts
- Passenger Car
- Transmission parts
- Other Applications
Request Sample Copy: http://www.reportsweb.com/inquiry&RW0001583407/sample .
Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001583407/buying .
ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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