Automotive Parts Die Casting Market

Automotive Parts Die Casting Market Size by Product Type (Vacuum Die-Casting, Pressure Die-Casting, Squeeze Die-Casting, Gravity Die-Casting, & Semi-Solid Die-Casting), Raw Material Type (Aluminum, Magnesium, Zinc, & Others), Application, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12791
  • Published Date: Jun, 2022
  • Pages: 238
  • Category: Automotive & Transportation
  • Format: PDF
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The global automotive parts die casting market is expected to reach USD 28.40 billion by 2030, at a CAGR of 7.13% from 2022 to 2030. The rising disposable income of the population has increased the demand for automobiles in the market, which could drive the growth of the global automotive parts die casting market. The increasing government initiatives encouraging the adoption of environmentally friendly automotive parts die castings to reduce carbon footprints will also drive the global market for automotive parts die castings. The ability of die castings to reduce the weight of vehicles resulting in a decrease in carbon emissions will significantly contribute to the market's growth.

Market Overview:

A car or an automobile is constructed by assembling various automotive parts in a structured way. The assemblage enables the automotive parts to function in sync, allowing the car to perform its primary movement objectives. Besides aiding in the car's movement, automotive parts are also responsible for the vehicle's entertainment, navigation, cooling, and other electrical systems. The prominent parts of an automobile are the engine, transmission, chassis, fuel, cooling, and lubrication systems, among others. A further categorization of automotive parts would include the steering wheel, braking system, clutch, axle, gearbox, and auxiliaries. These automotive parts are manufactured in large numbers with the die casting technique. The die casting process involves using metal casts or molds to produce various automotive parts. Molten non-ferrous alloys are poured into these molds or cast at high speed and pressure, facilitating the creation of automotive parts in a standardized and rapid way. Magnesium, aluminum, and zinc are the primary metals or materials used for the die casting process of automotive parts. Automotive parts die casting parts are gaining popularity in the automobile industry owing to their environmentally friendly and cost-effective nature. Automotive parts die casting also enables automobile manufacturers to reduce the vehicle's weight as these casts/molds are lightweight. Reduction in vehicular weights improved fuel efficiency and decreased carbon emissions. Every part produced with the die casting method is high quality with the exact dimensions, weight, and strength. The entire process is standardized and enables the manufacturers to reduce their scrap or automotive waste production, which is beneficial for the environment. New technological advancements have introduced die castings with more flexibility to allow customization and better quality of products manufactured with the technique. Therefore, automotive parts die castings will gain popularity in the automotive industry in the coming years, driving the growth of the global automotive parts die casting market.

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Market Dynamics:

Drivers:
  • Increasing demand for automobiles

The demand for vehicles is on the rise in developing economies such as China & India, attributed to the increase in disposable income of the population. The rising consumer awareness about climate is driving the demand for vehicles that emit fewer carbon footprints. The increasing consumer demand for automobiles with better fuel efficiency and enhanced sustainability will drive the automotive parts die casting market. The automotive parts die casting market help in reducing the weight of the vehicle. Lightweight vehicles emit less exhaust, thereby reducing the carbon footprints of the economies. The growing trend of buying environmentally friendly commodities to save the environment from the drastic consequences of climate change is anticipated to drive the demand for the automotive parts die casting market.

Restraints:
  • Volatile market prices of raw materials

Automotive parts die casting market growth would be hampered by the increasing volatility in aluminum, magnesium, and zinc prices. The raw materials are essential in the die casting process, and the supply chain disruptions cause capital losses to the manufacturers in the automotive industry. Such price volatility can also reduce the adoption of automotive parts die casting in the future, further hindering the market's growth.

Opportunities:
  • Government regulations

The increased pace of climate change has created an urgency to drastically cut down carbon emissions. The failure to do so will have devasting & irreversible consequences for humanity. Automobiles on the road contribute vast amounts of greenhouse gases to the environment. The automobile sector needs to be targeted to achieve emission cuts. All countries adopt new eco-friendly guidelines and regulations; leading to market players adopting technologies that help reduce emissions. These policies will provide lucrative opportunities for the automotive parts die casting market as it allows vehicles to achieve fuel efficiency & lowering emissions.

Challenges:
  • Lack of skilled workforce 

The operation & maintenance of automotive parts die casting devices & processes used in the industry require skilled professionals. Traditional automotive production did not require extensive technological knowledge. The laborers who worked traditional automotive parts production systems & processes are not equipped with the skills needed to operate the automotive parts die casting industry; this skill gap will create challenges for the market players. Hiring skilled professionals to perform the die castings will add to the operational costs of the market players, neutralizing the gains made from the adoption of the automotive parts die casting method.

Segmentation Analysis:

The global automotive parts die casting market has been segmented based on product type, raw material type, application, and regions.

  • The product type segment is divided into vacuum die-casting, pressure die-casting, squeeze die-casting, gravity die-casting, & semi-solid die-casting. The pressure die-casting segment dominated the market, with a market share of around 45% in 2021. The pressure die-casting segment is the most popular product in the industry. The easy accessibility worldwide makes it the dominant sub-segment in the product category. It is also ideal for producing a large number of automotive parts.
  • The raw material type segment is divided into magnesium, aluminum, zinc, and others. Over the forecast period, the aluminum segment is expected to grow at the fastest CAGR of 9.61%. The highly malleable and ductile nature of aluminum makes it the most flexible raw material to work in the manufacture of automotive parts. The ability of aluminum to convert into thin sheets and wires has increased its adoption in the automotive industry, thereby contributing to the growing popularity of aluminum. The lightweight nature of aluminum makes it the ideal choice to reduce vehicular weight resulting in improved fuel efficiency.
  • The application segment is divided into transmission parts, engine parts, body assemblies, battery, and related components, & among others. In 2021, the transmission parts segment dominated the market, accounting for around 44% of global revenue. Transmission parts are involved in the primary function of a vehicle, i.e., movement. The critical importance of transmission makes it the most dominant sub-segment. It is produced on a larger scale than other automotive parts for new vehicles and repairing/replacing. The complex designs of transmissions can be manufactured with ease, with die casting methods contributing significantly to the development of this segment.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region emerged as the largest market for the global automotive parts die casting market, with a 35% share of the market revenue in 2021.

  • The Asia Pacific currently dominates the automotive parts die casting market due to an increase in the disposable income of consumers, which has led to a rise in demand for vehicles. Asia-Pacific is expected to rise in the forecast period due to the adoption of new policies by the government. The new policies encourage the adoption of automotive parts die casting.

Asia Pacific region Automotive Parts Die Casting Market Share in 2021 - 35%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global automotive parts die casting industry.

Sandhar Technologies and Unicast Autotech signed a non-binding Memorandum of Understanding in March 2021 to acquire Unicast Autotech's aluminum die-casting business.

List of Key Market Players:

  • Dynacast
  • Endurance Technologies Limited
  • Gibbs Die Casting Group
  • Linmar Corporation
  • Georg Fischer Limited
  • Nemak
  • Sandhar Technologies Limited
  • Castwel Auto Parts Private Limited
  • Alcast Company
  • Kinetic Die Casting Company

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)

Report Description:

  • Global Automotive Parts Die Casting Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global automotive parts die casting market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global automotive parts die casting market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of automotive parts die casting based on product type, raw material type, application, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global automotive parts die casting market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global automotive parts die casting market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter's five forces analysis coupled with SWOT analysis to provide business related data and informations. Porter's five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company's growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related, i.e., global automotive parts die casting market) are covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the automotive parts die casting market was valued at USD 15.28 billion in 2021 to USD 28.40 billion by 2030.

Global automotive parts die casting market is growing at a CAGR of 7.13% during the forecast period 2022-2030.

The global automotive parts die casting market has been segmented based on product type, raw material type, application, and regions. The pressure die-casting segment led the market in 2021.

Asia Pacific region emerged as the largest market for the automotive parts die casting.

The market's growth will be influenced by the increasing demand for automobiles.

Volatile market prices of raw materials could hamper the market growth.

Government regulations will provide huge opportunities to the market.

Key players are Dynacast, Endurance Technologies Limited, Gibbs Die Casting Group, Linmar Corporation, Georg Fischer Limited, Nemak, Sandhar Technologies Limited, Castwel Auto Parts Private Limited

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Product Type
          4.3.2. Market Attractiveness Analysis By Raw Material Type
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing demand for automobiles
    5.3. Restraints
          5.3.1. Volatile market prices of raw materials
    5.4. Opportunities
          5.4.1. Government regulations
    5.5. Challenges
          5.5.1. Lack of skilled workforce

6. Global Automotive Parts Die Casting Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Vacuum Die-Casting
    6.3. Pressure Die-Casting
    6.4. Squeeze Die-Casting
    6.5. Gravity Die-Casting
    6.6. Semi-Solid Die-Casting

7. Global Automotive Parts Die Casting Market Analysis and Forecast, By Raw Material Type
    7.1. Segment Overview
    7.2. Magnesium
    7.3. Aluminum
    7.4. Zinc
    7.5. Others

8. Global Automotive Parts Die Casting Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Transmission Parts
    8.3. Engine Parts
    8.4. Body Assemblies
    8.5. Battery And Related Products
    8.6. Others

9. Global Automotive Parts Die Casting Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Automotive Parts Die Casting Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Automotive Parts Die Casting Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Dynacast
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Endurance Technologies Limited
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Gibbs Die Casting Group
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Linmar Corporation
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Georg Fischer Limited
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Nemak
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Sandhar Technologies Limited
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Castwel Auto Parts Private Limited
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Alcast Company
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Kinetic Die Casting Company
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
 

List of Table

1. Global Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

2. Global Vacuum Die-Casting Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

3. Global Pressure Die-Casting Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

4. Global Squeeze Die-Casting Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

5. Global Gravity Die-Casting Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

6. Global Semi-Solid Die-Casting Automotive Parts Die Casting Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

7. Global Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

8. Global Magnesium Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

9. Global Aluminum Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

10. Global Zinc Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

11. Global Others Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

12. Global Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

13. Global Transmission Parts Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

14. Global Engine Parts Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

15. Global Body Assemblies Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

16. Global Battery and Related Components Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

17. Global Others Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

18. Global Automotive Parts Die Casting Market, By Region, 2019-2030 (USD Billion) 

19. North America Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

20. North America Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

21. North America Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

22. U.S. Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

23. U.S. Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

24. U.S. Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

25. Canada Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

26. Canada Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

27. Canada Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

28. Mexico Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

29. Mexico Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

30. Mexico Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

31. Europe Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

32. Europe Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

33. Europe Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

34. Germany Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

35. Germany Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

36. Germany Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

37. France Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

38. France Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

39. France Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

40. U.K. Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

41. U.K. Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

42. U.K. Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

43. Italy Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

44. Italy Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

45. Italy Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

46. Spain Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

47. Spain Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

48. Spain Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

49. Asia Pacific Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

50. Asia Pacific Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

51. Asia Pacific Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

52. Japan Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

53. Japan Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

54. Japan Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

55. China Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

56. China Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

57. China Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

58. India Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

59. India Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

60. India Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

61. South America Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

62. South America Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

63. South America Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

64. Brazil Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

65. Brazil Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

66. Brazil Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

67. Middle East and Africa Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

68. Middle East and Africa Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

69. Middle East and Africa Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

70. UAE Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

71. UAE Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

72. UAE Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

73. South Africa Automotive Parts Die Casting Market, By Product Type, 2019-2030 (USD Billion) 

74. South Africa Automotive Parts Die Casting Market, By Raw Material Type, 2019-2030 (USD Billion) 

75. South Africa Automotive Parts Die Casting Market, By Application, 2019-2030 (USD Billion) 

List of Figures 

1. Global Automotive Parts Die Casting Market Segmentation

2. Automotive Parts Die Casting Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Automotive Parts Die Casting Market Attractiveness Analysis By Product Type

9. Global Automotive Parts Die Casting Market Attractiveness Analysis By Raw Material Type

10. Global Automotive Parts Die Casting Market Attractiveness Analysis By Application

11. Global Automotive Parts Die Casting Market Attractiveness Analysis By Region

12. Global Automotive Parts Die Casting Market: Dynamics

13. Global Automotive Parts Die Casting Market Share by Product Type (2022 & 2030)

14. Global Automotive Parts Die Casting Market Share by Raw Material Type (2022 & 2030)

15. Global Automotive Parts Die Casting Market Share by Application (2022 & 2030)

16. Global Automotive Parts Die Casting Market Share by Regions (2022 & 2030)

17. Global Automotive Parts Die Casting Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global automotive parts die casting market based on below mentioned segments:

Global Automotive Parts Die Casting Market by Product Type:

  • Vacuum Die-Casting
  • Pressure Die-Casting
  • Squeeze Die-Casting
  • Gravity Die-Casting
  • Semi-Solid Die-Casting 

Global Automotive Parts Die Casting Market by Raw Material Type:

  • Magnesium
  • Aluminum
  • Zinc
  • Others 

Global Automotive Parts Die Casting Market by Application:

  • Transmission Parts
  • Engine Parts
  • Body Assemblies
  • Battery And Related Components
  • Others

Global Automotive Parts Die Casting Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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