Italy Automotive Parts Aluminum Die Casting Market Outlook 2031:
The Italy automotive parts aluminum die casting market size was valued at USD 224.72 Million in 2022 and is likely reach to USD 379.66 Million by 2031, expanding at a CAGR of 6% during the forecast period, 2023−2031. The growth of the market is attributed to growing automotive industry during the forecast period.
The die casting is the metal casting process which forces the molten metal under a high pressure into a mold cavity. Various automotive parts have been made from the die casting such as engine cylinder head, gas engine parts, stator, brackets, and electronic covers.
Advantages of die casting include more design flexible and freedom to create complex parts, a wide variety of finishing get due to die casting.
The Covid-19 pandemic affected the demand and supply of the Italy automotive parts aluminum die casting market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth.
Launch of vaccines and used of infusion pump in the Covid-19 treatment is expected to contribute to the market growth over the forecast period.
Automotive Parts Aluminum Die Casting Market Trends, Drivers, Restraints, and Opportunities
- The government initiative and investment in the automotive sector is projected to drive the Italy automotive parts aluminum die casting market.
- Production of automobile in the Italy has increased this is expected to drive the Italy automotive parts aluminum die casting market during the forecast period.
- Use of aluminum parts in the automobile for getting standards and mileage is projected to expand the market during the forecast period.
- Volatility of aluminum due to trade wars and sanctions between countries is hampering the market growth.
- Increasing employment towards zinc die casting is hindering the aluminum die casting market growth during the forecast period.
- The light automotive and energy saving mode is fueling the Italy automotive parts aluminum die casting market.
Scope of Italy Automotive Parts Aluminum Die Casting Market Report
The report on the Italy automotive parts aluminum die casting market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Parts Aluminum Die Casting Market - Italy Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Production Process Types (Vacuum Die Casting, Pressure Die Casting, and Others), and Applications (Engine Parts, Transmission Components, Structural Parts, and Others)
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Regional Scope
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Italy
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Ryobi Die Casting; Martinrea Honsel; George Fischer; Theinmetall Automotive; Buhler Group
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Automotive Parts Aluminum Die Casting Market Segment Insights
The vacuum die casting segment is expected to grow at a rapid pace
Based on production process types, the Italy automotive parts aluminum die casting market is segmented into vacuum die casting, pressure die casting, and others.
The vacuum die casting segment is expected to grow at a rapid pace during the forecast period because of the ultra-high-vacuum die casting process is used to make large and thin components parts such as pillars and space-frames which are used in the automobile chassis.
The ultra-high-vacuum die casting process has better weldability of automotive parts than the other die casting processes. Due to high productivity and easy to manufacturing the automotive parts is driving the market during the forecast period.
The transmission components segment is projected to expand at a considerable CAGR
On the basis of applications, the market is divided into engine parts, transmission components, structural parts, and others. The transmission components segment is projected to expand at a considerable CAGR during the forecast period because of the enhanced integrity.
The transmission parts such as stator, valve bodies, and clutch pistons are used in the automobile. On the other hand, the engine parts segment is anticipated to account for a major market share during the forecast period
Italy is anticipated to constitute a key market share
The Italy is anticipated to constitute a key market share during the forecast period because of the increasing demand of die casting in the country over the 37% of the total demand.
Segments
Production process types
- Vacuum Die Casting
- Pressure Die Casting
- Others
Applications
- Engine Parts
- Transmission Components
- Structural Parts
- Others
Geography
Key Players
Competitive Landscape
Some of the key market players competing in the Italy automotive parts aluminum die casting market are Ryobi Die Casting; Martinrea Honsel; George Fischer; Theinmetall Automotive; Buhler Group.
These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.
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