United States Automotive Parts Die Casting Market Growth, Size, Trends Analysis- By Process, By Raw Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
United States Automotive Parts Die Casting Market Introduction and Overview
According to SPER Market Research, ‘United States Automotive Parts Die Casting Market Size – By Process, By Raw Material – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the United States Automotive Parts Die Casting Market is estimated to reach USD XX billion by 2033 with a CAGR of 6.25%.
Automotive Parts Die casting is a metal casting process that includes placing molten metal into a mould cavity under high pressure. Die castings are often made of nonferrous metals like copper, aluminium, zinc, lead, tin, and magnesium. Die casting is one of the most cost-effective and efficient moulding processes. The advantage of this manufacturing process is that hundreds of castings may be produced quickly utilising a single mould.
The supply and demand in the US die casting market for automobile parts were impacted by the Covid-19 outbreak. Manufacturers were compelled to halt production due to global lockdowns, issues with the supply chain, and fluctuations in the price of raw materials, which regrettably resulted in a drop in market growth.
Scope of the report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Process, By Raw Material
Regions covered Northeast, South, Midwest, West
Companies Covered Nemak, Endurance Technologies, Shiloh Industries, Georg Fischer Limited, Bocar Group, Rheinmetall AG, Rockman Industries, Ryobi Die Casting LTD.
United States Automotive Parts Die Casting Market Segmentation:
By Process: Based on the Process, United States Automotive Parts Die Casting Market is segmented as; Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, Others.
By Raw Material: Based on the Raw Material, United States Automotive Parts Die Casting Market is segmented as; Aluminium, Magnesium, Zinc.
By Region: This research also includes data for Northeast, South, Midwest, West.
This study also encompasses various drivers and restraining factors of this market for the forecast