Aluminum Die Casting Market Research Insights Tyron Smith Jersey , 2019-2025 by sarajames · November 11, 2019
The global聽Aluminum Die Casting Market聽size is anticipated to reach USD 48.93 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 10.1% during the forecast period. Increasing demand for lightweight parts in the automotive sector is anticipated to drive the growth.
Recycled aluminum has widely gained popularity, as the demand for products with low carbon footprint escalates. The momentum towards reducing carbon footprint is already gaining prominence in the market. For instance, in 2016 Demarcus Lawrence Jersey , Jaguar Land Rover launched a project to return used vehicle parts to Novelis after the end of the vehicle鈥檚 lifecycle.
Industrial Internet of Things (IIoT) and industry 4.0 are emerging technologies in the aluminum die casting market. Industrial IoT offers benefits across various areas such as efficiency, new business models, new revenue streams and risk management and safety compliance. With integration of electronic devices in casting manufacturing, products can be obtained with improved functionality at an enhanced productivity rate. Also, sensors can be embedded in the castings to detect, measure and evaluate mechanical loads such as deformations Jason Witten Jersey , tensile forces and vibrations in casting products.
Over the years to come, digital platforms are likely to play a major role especially for the small or medium level manufacturers. The rising prominence of such platforms has encouraged the vendors to develop highly interactive websites to attract new customers with their product range.
Many countries are making efforts to control the pollution caused by the manufacturing sector. For instance, the Government of China is offering increased incentives to the companies implementing various steps to curb pollution. The scheme shall be applicable for the industries such as metal, cement, glass, coking Dak Prescott Jersey , and waste to energy. In addition, province of Hebei in China is offering a pace setter scheme for the industries which impose stricter norms to limit pollution than necessary emission standards, consume low levels of coal and water, and implement green supply chain system.
As per the International Aluminum Institute, aluminum die castings for sub-frames and body parts are projected to grow from 1.1 kg per vehicle in 2015 to 6.5 kg per vehicle in 2020. While aluminum castings for steering knuckles are anticipated to increase from 5.4 kg per vehicle in 2015 to 7.4 kg per vehicle in 2020. Thus, the increase of aluminum content in vehicles to remain a key driving factor for the market.
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Further key findings from the report suggest :
In terms of revenue Ezekiel Elliott Jersey , pressure die casting accounted for 58.6% of market share in 2018 on account of increasing vehicle production High pressure die casting is expected to witness a CAGR of 10.3% from 2019 to 2025 due to increased production of automotive components Consumer durables are expected to witness the fastest growth over the forecast period due to increasing disposable income in emerging countries Transportation application accounted for a revenue share of 61.5% in 2018 and is expected to witness considerable growth over the forecast period. Increasing production capacities of automakers is a key growth driver Asia Pacific is expected to witness the fastest growth in automotive production in the forthcoming years Key players in the aluminum die casting market are focused on acquisitions to expand their presence across different regions New Energy Vehicle (NEV) Taxi Market to Set Remarkable Growth in Coming Years
by radiantmarketresearch · December 27, 2018
December 27, 2018: This report studies the global New Energy Vehicle (NEV) Taxi market status and forecast, categorizes the global New Energy Vehicle (NEV) Taxi market size (value & volume) by manufacturers, type, application Michael Gallup Jersey , and region. This report focuses on the top manufacturers in North America, Europe, China, Japan, South Korea, India and other regions (Southeast Asia Amari Cooper Jersey , Central & South America, and Middle East & Africa)
The major manufacturers covered in this report
Anhui Jianghuai Automobile Co Ltd (JAC) Changan Automobile Co. Ltd Beijing Automotive Industry Holding Co. Ltd. (BAIC) Dongfeng Nissan Passenger Vehicle Company Beiqi Foton Motor Co. Ltd.
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Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value Tony Pollard Jersey , consumption, market share and growth opportunity in these key regions, covering
North America Europe China Japan Southeast Asia India
We can also provide the customized separate regional or country-level reports, for the following regions:聽
North America United States Canada Mexico Asia-Pacific China India Japan South Korea Australia Indonesia Singapore Rest of Asia-Pacific Europe Germany France UK Italy Spain Russia Rest of Europe Central & South America Brazil Argentina Rest of South America Middle East & Africa Saudi Arabia Turkey Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue Connor McGovern Jersey , price, market share and growth rate of each type, primarily split into
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