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Automotive Casting Market Share
- Report ID: GMI5052
- Published Date: May 2021
- Report Format: PDF
Automotive Casting Market Share
Industry players are adopting various strategies including production capacity expansion, mergers & acquisitions and new product development to gain strong foothold in the market. The key automotive casting market players include:
- Dynacast
- Ryobi
- Gibbs Die Casting
- Zollern GmbH
- Bell Foundry
- Impro
- Zetwerk
- CFS Foundry
- Regensburger Druckgusswerk Wolf GmbH
- Endurance Technologies.
Frequently Asked Questions (FAQ) :
The global share of the automotive casting industry was valued at USD 107.2 billion in 2020 and is anticipated to hit a growth rate of 5.8% up to 2027 driven by the expanding automotive production across the world.
The automotive casting market size from the aluminum material segment is poised to expand at a 4% CAGR up to 2027.
The industry share from engine applications is projected to record USD 70 billion in remuneration by 2027 due to the higher penetration of the castings within engines.
Passenger cars accounted for nearly 50% of the automotive casting market share in 2020 and will expand with the introduction of new technologies and increasing focus on reducing the vehicle weight.
Asia Pacific held 50% of the total market share in 2020 and will see a substantial growth number over the next few years owing to the strong presence of an optimum number of automotive production facilities in the region.
Automotive Casting Market Scope
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