die casting in automotive industry

1. The die casting in automotive industry is enjoying tailwinds from rising disposable income which is spurring the demand for car intakes. This process is known for its precision. At the same time, energy saving and eco-friendly ways of manufacturing are providing momentum to the market. Segmentation MRFR in their latest report on the die casting in automotive industry included a detailed study based on a fitting segmentation. The segmentation includes production process, raw materials, application type, and vehicle type. Based on the raw materials, the die casting in automotive industry can be segmented into aluminum, zinc, magnesium, and others. The aluminum segment is having better traction due to its malleability and its weight is proving beneficial in curbing carbon output. Based on the vehicle type, the die casting in automotive industry encompasses passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment has substantial market coverage due to a hike in the sale of passenger cars. The growth can be attributed to increased disposable income. Regional Analysis North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are regions that have been named in the region-specific analysis of the global die casting in automotive industry. The APAC market is expected to gain the most from the die casting in automotive industry due to recent setting up of several manufacturing units by global players. At the same time, easy availability of labor which is also cost-effective and quick access to raw materials are important factor to determine the market scenario for the coming years. The automotive industry is witnessing rapid growth due to hike in population and surge in disposable income in the hands of the middle class. Countries such as India and China have impacted the global market by becoming major traction providers. Europe has made a name as the global automotive hub for research and innovation. The die casting process has significant contribution in manufacturing components to substantiate required intricate design. North America has the highest automobiles and owner ratio owing to which the market is gaining good grounds. Competitive Landscape Companies to ensure substantial growth for the global die casting in automotive industry are Endurance Technologies Limited (India), Alcast Company (U.S.), Dynacast, LLC (U.S.), Kinetic Die Casting Company, Inc. (U.S.), Mino Industry USA, Inc. (U.S.), Magic Precision, Inc. (China), Meridian Lightweight Technologies Inc. (England), Rockman Industries (India). Ryobi Die Casting Inc. (U.S.), Gibbs Die Casting Corp (U.S.), and others. MRFR enlisted these companies for a better analysis of the upcoming years of the market. The profiling includes latest developments in terms of deployment of strategies which is to get a comprehensive picture of the evolving trends. The global die casting in automotive industry is expecting strong support from latest technologies that have been included in the manufacturing procedure such as 3D printing technology and additive

2. manufacturing. Due to the inclusion of 3D technology, the expected cost of the final products are going to go down further and ensure better market expansion scopes.