South Korea Automotive Parts Aluminum Die Casting Market 2031
South Korea Automotive Parts Aluminum Die Casting Market 2031
Segments - South Korea Automotive Parts Aluminum Die Casting Market by Production Process Type (Vacuum Die Casting, Pressure Die Casting, Squeeze Die Casting, and Semi-solid Die Casting), Application (Engine Parts, Transmission Parts, Body Assembly, and Others), Country (South Korea) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AL-3744
| 4.2 Rating
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| 201 Pages
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Report Description
The South Korea automotive aluminum die casting market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 13% during 2023–2031. The growth of market is attributed to enhance the fuel efficiency and curbs the emission of harmful pollutants, along with reducing weight of automotive parts.
With the growing rate of pollution globally, manufactures seeking an alternate for a lightweight material for less fuel consumption and reduces emission of fumes into the environment. By using aluminum manufacturers can reduce the weight of any materials by 50% in comparison with traditional mild steel.
Comparing aluminum with traditional mild steel in terms of strength it is either equal of more than and have the tendency incorporated to absorb twice the impact energy. Reducing the weight of the vehicles allows them to compress the size of vehicle parts such as engines, transmissions, wheels, and suspensions.
Due to rapid industrialization, especially in the automotive industry in the last few years the per capita consumption of aluminum solely in South Korea is 46, 7 kg which is higher than the most of the developed countries.
Cars are comprised of electrical and electromagnetic components which are needed to be protected from changing external environment, and aluminum die casting is promising to provide protection and ensures the safety of the components in such scenarios, aluminum is considered as a most sustainable and resource-efficient material in nature.
Due to its availability in wide range of application, such as it can be recycled and can be process to form aluminum alloys makes the die casting more popular within the industry.
However, with the sudden emergence of COVID-19 pandemic, led to the downfall of both production and consumption activities which impacted adversely for the economy. But even during that phase, the acquisition activities increased exponentially where the global leaders started targeting the regional players.
South Korea Automotive Parts Aluminum Die Casting Market Trends, Drivers, Restraints, and Opportunities
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Increased strength and ensure the safety by absorbing the impact better than the traditional metal is driving the market in the coming years.
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Rising pollution and reducing fuel consumption is estimated to boost the market during the forecast period.
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Growing awareness towards environment and emission of toxic pollutants into the atmosphere is anticipated to propel the market during projected period.
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Increasing use of aluminum die casting as it ensure the protection of components from harsh weather conditions is expected to impel the market in the coming years.
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Rising awareness of recycling process of aluminum parts into alloys is estimated to augments the market during forecast period.
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Increased fuel efficiency when incorporated with light material are been used by the manufactures of transportation industry expected to spur the market in the coming years.
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Decreasing demand for passenger cars among the population act as one of the major factor that can hinder the growth of the market during the projected period.
Scope of South Korea Automotive Parts Aluminum Die Casting Market Report
The report on the South Korea 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 |
Details |
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Report Title |
Automotive Parts Aluminum Die Casting Market – South Korea Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Production Process Types (Vacuum Die Casting, Pressure Die Casting, Squeeze Die Casting, and Semi-solid Die Casting), Applications (Engine Parts, Transmission Parts, Body Assembly, and Others) |
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Country |
South Korea |
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Report Coverage |
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 |
AMTEK GROUP; Pace Industries; Dynacast Inc.; Samkee Automotive; Kemlows Die Casting Products Ltd. |
South Korea Automotive Parts Aluminum Die Casting Market Segment Insights
The pressure die segment is expected to exhibit high CAGR
Based on the production process types, the market is segregated into vacuum die casting, pressure die casting, squeeze die casting, and semi-solid die casting. The pressure die casting segment is expected to exhibit high CAGR in the coming years due to casting technique some of the components can be manufactured at high volume and accuracy, cost effective and consumes less time, and favorable government policies across the globe which ensures the great adoption of such technique are some of the factor responsible for the market growth.
The transmission parts segment is estimated to hold key share of the market
On the basis of applications, the market is categorized into engine parts, transmission parts, body assembly, and others. The transmission parts segment is estimated to hold key share of the market during the forecast period owing to its most complex and mechanical combination function which is immune to face any of the difficult conditions, which allows transmission parts segment hold a significant part within the segment.
Segments
South Korea automotive parts aluminum die casting market has been segmented on the basis of
Production Process Type
- Vacuum Die Casting
- Pressure Die Casting
- Squeeze Die Casting
- Semi-solid Die Casting
Application
- Engine Parts
- Transmission Parts
- Body Assembly
- Others
Country
- South Korea
Key players
- AMTEK GROUP
- Pace Industries
- Dynacast Inc.
- Samkee Automotive
- Kemlows Die Casting Products Ltd.
Competitive Landscape
Key players competing in the South Korea automotive parts aluminum die casting market include AMTEK GROUP; Pace Industries; Dynacast Inc.; Samkee Automotive; Kemlows Die Casting Products Ltd.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Parts Aluminum Die Casting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Parts Aluminum Die Casting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Parts Aluminum Die Casting Market - Supply Chain
4.5. Global Automotive Parts Aluminum Die Casting Market Forecast
4.5.1. Automotive Parts Aluminum Die Casting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Parts Aluminum Die Casting Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Parts Aluminum Die Casting Market Absolute $ Opportunity
5. Global Automotive Parts Aluminum Die Casting Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Automotive Parts Aluminum Die Casting Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Automotive Parts Aluminum Die Casting Demand Share Forecast, 2019-2026
6. North America Automotive Parts Aluminum Die Casting Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Automotive Parts Aluminum Die Casting Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Automotive Parts Aluminum Die Casting Demand Share Forecast, 2019-2026
7. Latin America Automotive Parts Aluminum Die Casting Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Automotive Parts Aluminum Die Casting Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Automotive Parts Aluminum Die Casting Demand Share Forecast, 2019-2026
8. Europe Automotive Parts Aluminum Die Casting Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Automotive Parts Aluminum Die Casting Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Automotive Parts Aluminum Die Casting Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Parts Aluminum Die Casting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Automotive Parts Aluminum Die Casting Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Automotive Parts Aluminum Die Casting Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Parts Aluminum Die Casting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Automotive Parts Aluminum Die Casting Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Automotive Parts Aluminum Die Casting Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Automotive Parts Aluminum Die Casting Market: Market Share Analysis
11.2. Automotive Parts Aluminum Die Casting Distributors and Customers
11.3. Automotive Parts Aluminum Die Casting Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. AMTEK GROUP
11.4.2. Pace Industries
11.4.3. Dynacast Inc.
11.4.4. Samkee Automotive
11.4.5. Kemlows Die Casting Products Ltd.
Methodology
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