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Global Aluminum Parts Gravity Die Casting Market to reach USD 7.4 billion by 2027.

Global Aluminum Parts Gravity Die Casting Market by Application Type (Automotive Electrical and Electronics, Industrial Applications, and Other Applications), Regional Forecasts 2021-2027

Product Code: OIRIME-64342583
Publish Date: 12-10-2021
Page: 200

Global Aluminum Parts Gravity Die Casting Market is valued approximately at USD 5.35 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.82% over the forecast period 2021-2027. Aluminum Die Casting is a most preferred process for the casting of aluminum around the globe due to the high accuracy imparted by this process. Aluminum is a metal that is 2.5 times lighter than steel. Also, increase in uses of end application are increasing continuously, which is expected to drive the aluminum die casting market for the near future. The characteristics of aluminum, such as machinability, resistance to corrosion, and so on, are some further advantages that increase the feasibility of aluminum die casing products for a variety of end – use applications. the market is driven by the key factors such as Increasing penetration of die casting parts in industrial machinery and growing constructional sector. According to Statista, the construction sector in India contributed more than USD 36 billion to the country’s GDP in January 2019. This was an all-time high contribution for the sector. The railway industry in the country received the biggest financial allocation ever in 2019. However, Gradual shifting focus towards zinc die casting, may impede market growth over the forecast period of 2021-2027.

Asia-Pacific is the largest automotive market in the world. China is the world’s leading exporter of aluminum and aluminum products. The region is characterized by the availability of skilled labor at a cheap cost, making it the most accessible location for company to build manufacturing plants. Furthermore, a shift in the global manufacturing environment toward South Asian nations is projected to boost market growth during the forecast period.

Major market player included in this report are:

MAN Group Co. United Kingdom
Rockman Industries
Minda Corporation Limited
Endurance Technologies Limited
Harrison Castings Limited
Hitachi Metals Ltd
MRT Castings Ltd
Vostermans Companies
Sundaram Clayton Ltd
CIE Automotive

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Electrical and Electronics
Industrial Applications
Other Applications
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Aluminium Parts Gravity Die Casting Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Aluminium Parts Gravity Die Casting Market, by region, 2019-2027 (USD Billion)
1.2.2. Aluminium Parts Gravity Die Casting Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Aluminium Parts Gravity Die Casting Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Aluminium Parts Gravity Die Casting Market Dynamics
3.1. Aluminium Parts Gravity Die Casting Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing penetration of die casting parts in industrial machinery Growing construction sector
3.1.2. Market Restraint Gradual shifting focus towards zinc die casting
3.1.3. Market Opportunities Increased usage of aluminium
Chapter 4. Global Aluminium Parts Gravity Die Casting Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Aluminium Parts Gravity Die Casting Market, by Application
5.1. Market Snapshot
5.2. Global Aluminium Parts Gravity Die Casting Market by Application, Performance – Potential Analysis
5.3. Global Aluminium Parts Gravity Die Casting Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
5.4. Aluminium Parts Gravity Die Casting Market, Sub Segment Analysis
5.4.1. Electrical and Electronics
5.4.2. Industrial Applications
5.4.3. Other Applications
5.4.4. Automotive
Chapter 6. Global Aluminium Parts Gravity Die Casting Market, Regional Analysis
6.1. Aluminium Parts Gravity Die Casting Market, Regional Market Snapshot
6.2. North America Aluminium Parts Gravity Die Casting Market
6.2.1. U.S. Aluminium Parts Gravity Die Casting Market Application breakdown estimates & forecasts, 2018-2027
6.2.2. Canada Aluminium Parts Gravity Die Casting Market
6.3. Europe Aluminium Parts Gravity Die Casting Market Snapshot
6.3.1. U.K. Aluminium Parts Gravity Die Casting Market
6.3.2. Germany Aluminium Parts Gravity Die Casting Market
6.3.3. France Aluminium Parts Gravity Die Casting Market
6.3.4. Spain Aluminium Parts Gravity Die Casting Market
6.3.5. Italy Aluminium Parts Gravity Die Casting Market
6.3.6. Rest of Europe Aluminium Parts Gravity Die Casting Market
6.4. Asia-Pacific Aluminium Parts Gravity Die Casting Market Snapshot
6.4.1. China Aluminium Parts Gravity Die Casting Market
6.4.2. India Aluminium Parts Gravity Die Casting Market
6.4.3. Japan Aluminium Parts Gravity Die Casting Market
6.4.4. Australia Aluminium Parts Gravity Die Casting Market
6.4.5. South Korea Aluminium Parts Gravity Die Casting Market
6.4.6. Rest of Asia Pacific Aluminium Parts Gravity Die Casting Market
6.5. Latin America Aluminium Parts Gravity Die Casting Market Snapshot
6.5.1. Brazil Aluminium Parts Gravity Die Casting Market
6.5.2. Mexico Aluminium Parts Gravity Die Casting Market
6.6. Rest of The World Aluminium Parts Gravity Die Casting Market
Chapter 7. Competitive Intelligence
7.1. Top Market Strategies
7.2. Company Profiles
7.2.1. MAN Group Co. United Kingdom Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
7.2.2. Rockman Industries
7.2.3. Minda Corporation Limited
7.2.4. Endurance Technologies Limited
7.2.5. Harrison Castings Limited
7.2.6. Hitachi Metals Ltd
7.2.7. MRT Castings Ltd
7.2.8. Vostermans Companies
7.2.9. Sundaram Clayton Ltd
7.2.10. CIE Automotive
Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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