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(Transportation-News.com, February 19, 2018 ) Envision Inteligence estimates that Middle East & Africa Automotive Parts Aluminum Die Casting market is projected to reach $75.10 billion by the end of 2024 with a CAGR of 7.21% from $53.52 billion in 2018.
Introduction: Process used to manufacture the metal parts with high reliability and accuracy by the use of moulds is called die casting and is used in the different automotive companies to manufacture different parts. Aluminum die casting is done by Aluminum metal which is mostly preferred. The moulds which are prepared by aluminum die casting are having the advantages like aluminum is recyclable and resistant to corrosion. So the markets related to aluminum die casting are having inclined growth.
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Due to political reasons, economic crisis, CO2 emission and reduction in the fuel consumption has become major advantage to keep manufacturers focused on the lightweight materials so that increasedautomation in the die casting industry spiked the productivity and is dragging the attention of automotive manufacturers towards highly durable die casting parts.
The durability and ability to bear high temperature are influencing the application of cast aluminum products in the transportation and other sectors. Characteristics such as lightweight and strength of cast aluminum are the major factors driving the demand for aluminum casting.
Key players in the market include:
• Chicago White Metal Casting Inc.
• Sipra Engineers Pvt. Ltd.
• Endurance Technologies Private Limited
• Jaya Hind Industries Pvt. Ltd
• Officine Meccaniche Rezzatesi
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Key pointers in the report include:
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•A complete 360-degree analysis including product portfolio, business portfolio, developmental strategies, and key developments from the companies in the historical period for the key players operating in the market is included in the report.
Related Reports:
North America Automotive Parts Magnesium Die Casting Market: https://www.envisioninteligence.com/industry-report/north-america-automotive-parts-magnesium-die-casting-market/
Asia-Pacific Metal Working and Fabrication Equipment Market: https://www.envisioninteligence.com/industry-report/asia-pacific-metal-working-fabrication-equipment-market/
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