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The automotive parts die-casting market is highly driven by the growing automobile industry and is poised to reach $10.83 billion by 2020. Integration of lightweight parts inautomobileshas influenced the market growth.
The move by Environmental Protection Agency (EPA)to raise the mile per gallons'' standard to 35.5 miles per gallon by 2016, and CAFE standards becoming increasingly rigid, forced automobile manufacturers to seek for an interim solution to increase the fuel economy and reduce emissions.Reducing the weight of the automobile was found to improve the fuel economy. This solution was a game-changer for the automobile industry and resulted in the auto makers identifying ways to lighten the weight of their produce, like by employing die cast parts of light weight non-ferrous metals such as aluminum, magnesium and zinc. The requirement from the automotive industry due to the EPA regulations was the major factor driving the market for automobile parts die-casting.
Aluminum parts die-casting was the major market, accounting to over 60% of the market share in 2014, while that of magnesium is expected to grow at a higher CAGR of 12% in the emerging economies such as India and China. China with its magnesium reserve is expected to emerge as the leading supplier of the magnesium die cast parts in the coming decade. India is steadily growing as a hub for the manufacture of automobile components, especially for magnesium and zinc die cast auto parts.
壓鑄展-鑄造展-2016第十七屆廣州國際壓鑄、鑄造及工業(yè)爐展覽會-中國最受關(guān)注的壓鑄鑄造展會-巨浪展覽
-The
17th Guanzhou Die-casting,Foundry&Industry Furnace Exhibition
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