Asia Pacific Automotive Parts Aluminium Die Casting Market – Growth & Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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Home > Reports > Manufacturing Processes > Automotive > Asia Pacific Automotive Parts Aluminium Die Casting Market – Growth & Forecast (2024 – 2032)
Asia Pacific Automotive Parts Aluminium Die Casting Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Die casting is the method of producing the metal parts formed by the die(mould). The products are made with high degree accuracy and reliability with mass scale of production. Products which are formed by the Aluminium die casting mainly are the lightweight materials used in the end-user industries like consumer electronics and military. These markets are having huge fame when compared with magnesium and zinc markets because of the advantages got by Aluminium.

APAC Automotive Parts Aluminium Die

Asia Pacific Automotive Parts Aluminium Die Casting Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Casting Market Size & Growth:

APAC Automotive parts Aluminium die casting market valued at $ 54.5 billion in 2018 and estimated to reach a value of $ 80.12 billion in 2024 at CAGR of 7.30 %. Key points Increased demand for lightweight vehicles and consumer appliances, large-scale investments in industrial & manufacturing units, Aluminium is recyclable and resistant to corrosion are propelling this market, and the factors like an economic downturn in developed regions replacement of Aluminium alloys with magnesium are hindering the market growth.

APAC Automotive the die casting

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Asia Pacific Automotive Parts Aluminium Die Casting Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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