South Korea Automotive Parts Aluminum Die Casting Market

South Korea Automotive Parts Aluminum Die Casting Market by 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), Country (South Korea) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-3744
  • Author: Growth Market Reports
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  • No. Of Pages: 201
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The South Korea automotive aluminum die casting market size is estimated to register a substantial CAGR during the forecast period, 2021-2028. 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.


South Korea Automotive Parts Aluminum Die Casting Market summary

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.

Market Trends, Drivers, Restraints, and Opportunities

  • Increased strength and ensure the safety by absorbing the impact better than the traditional metal is driving the market in the coming years.
  • Rising pollution and reducing fuel consumption is estimated to boost the market during the forecast period.
  • Growing awareness towards environment and emission of toxic pollutants into the atmosphere is anticipated to propel the market during projected period.
  • 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.
  • Rising awareness of recycling process of aluminum parts into alloys is estimated to augments the market during forecast period.
  • 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.
  • 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 the market

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.

Attributes

Details

Report Title

Automotive Parts Aluminum Die Casting Market – South Korea Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

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)

Country

South Korea

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

AMTEK GROUP; Pace Industries; Dynacast Inc.; Samkee Automotive; Kemlows Die Casting Products Ltd.

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.


South Korea Automotive Parts Aluminum Die Casting Market applications

Segments

Segments Covered in the Report
South Korea automotive parts aluminum die casting market has been segmented on the basis of
Production Process Types

  • Vacuum Die Casting
  • Pressure Die Casting
  • Squeeze Die Casting
  • Semi-solid Die Casting

Applications

  • 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.

South Korea Automotive Parts Aluminum Die Casting Market keyplayers

1. Executive Summary
2. 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.

Segments Covered in the Report
South Korea automotive parts aluminum die casting market has been segmented on the basis of
Production Process Types

  • Vacuum Die Casting
  • Pressure Die Casting
  • Squeeze Die Casting
  • Semi-solid Die Casting

Applications

  • 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.

 

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.

South Korea Automotive Parts Aluminum Die Casting Market keyplayers

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