Automotive Parts Aluminum Die Casting Market
Automotive Parts Aluminum Die Casting Market Forecasts to 2028 – Global Analysis By Production Process (Semisolid Die Casting, Vacuum Die Casting, Pressure Die Casting, Squeeze Die Casting), Application, End User, and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $50910.50 MN |
|
Projected Year Value (2028) |
US $99210.15 MN |
|
CAGR (2021 - 2028) |
10.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Automotive Parts Aluminum Die Casting Market is accounted for $50,910.50 million in 2021 and is expected to reach $99,210.15 million by 2028 growing at a CAGR of 10.0% during the forecast period. Aluminum die castings are lightweight and possess high dimensional stability for complex part geometries and thin walls. Aluminum withstands good corrosion resistance and mechanical properties as well as high thermal and electrical conductivity, making it a good alloy for die casting. Low-density aluminum metals are essential to the die casting industry. The Aluminum Die Casting process retains a durable strength at very high temperatures, requiring the use of cold chamber machines. The molten metal is still contained in an open holding pot which is placed into a furnace, where it is melted to the necessary temperature. The open holding pot is kept separate from the die casting machine and the molten metal is ladled from the pot for each casting because these high temperatures would damage the normal pumping system. The pressure requirements for cold chamber castings are typically higher than those of hot chamber die castings.
Market Dynamics:
Driver:
Increasing adoption in automotive industry
The automotive industry is highly efficient in adopting new technologies to make their vehicles faster and safe at the same time. They use modern technologies and incorporate mechanisms to ensure every component used within vehicles is of perfect shape, quality, and size. Aluminium die casting is one such mechanism that can help in the delivery of intricate components that can be used within breaking mechanism and for manufacturing other parts of different types of vehicles. Aluminium die casting company makes use of reliable metals like aluminium and zinc to make dedicated structures and components which ultimately can be used of vehicles for better reliability and durability. Automobile manufacturers can make vehicles lighter and safer by ensuring the perfect quality of their internal as well as external components. Moreover, the use of aluminium as a material for creating different components for vehicles can help in the delivery of better resistance to heat infection with better effectiveness.
Restraint:
Cost issues and resource inefficiencies
Although die-casting being an energy-intensive processes the die-casting companies cannot apply for an exemption from, or reduction of the reallocation charge. Almost 8% of the production costs in die casting go to energy costs; hence, the uncertainties in natural gas and petroleum price also influence the industry, drastically increasing overall production cost. Die-cast tooling and die-cast engineering require a significant degree of capital. Additionally, the usage of metals as raw materials comes with price instability and any fluctuations in the global economy, influx in exchange rates, make the cost of raw materials volatile. Demand side of the aluminium and zinc alloy market is pressurizing the supply side and prices are further expected to grow up during the forecast period.
Opportunity:
Rising demand from the electric vehicles
Electric vehicle industry has been rapidly developing internationally due to a confluence of factors such as emission norms, industry shifts and shift in consumer preferences. Electric or hybrid vehicles also benefit significantly, where drive and power train elements such as electric motors can be manufactured using structural components made of die-cast aluminium, zinc and copper. Demand for electric and hybrid vehicles is increasing because of growing environmental concerns regarding CO2 emissions and efforts by government authorities (EC) and programs (such as Europe NCAP) to make vehicles more fuel-efficient. With the recovery of the economy in many countries, real income of the people is expected to grow up, along with the shift of consumer preference to fuel efficient vehicles, which will further increase the adoption of electric vehicles in the forecast period.
Threat:
Disrupted supply chain due to covid-19
The automotive die casting manufacturing industry has faced a heavy challenge due to less revenue generating and decreased demand for OEMs. Dearth of functional capital and stoppage of production of the automotive sector is worsening the situation of automotive market and its component. Besides, consumers are being unable to visit car showrooms due to social distancing and government-enforced closures. In addition, the increasing contribution from shared mobility to automotive sector will reduce due to various norms imposed by governments. Additionally, disrupted supply chain would stop the exchange of goods, which in turn would affect the automotive Die Casting market.
The commercial vehicles segment is expected to be the largest during the forecast period
The commercial vehicles segment is estimated to have a lucrative growth. A huge demand of the production of commercial die casting products rose due to the magnification of various industries. This growth opened up various markets for the die casting industry to expand into diverse markets. For Commercial Vehicles, an attempt is made to replace existing Gear Shift Fork from FC Iron (Ferro Cast Iron) to ADC (Aluminum Die Casting) without compromising its strength & stiffness, considering/bearing all the worst road load cases and severe environmental conditions. ADC has good mechanical and thermal properties compared to FC Iron. In addition, die cast components are also making inroads into commercial vehicles and are therefore capturing new market segments.
The pressure die casting segment is expected to have the highest CAGR during the forecast period
The pressure die casting segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the growing adoption of and consumer interest in the segment across the world. The process is accessible globally because of its unique advantage in manufacturing high-volume goods. Moreover, steady demand from the automotive sector is likely to contribute to substantial growth of the market over the forecast period. The high-pressure process in the industry is called idle for achieving higher output levels and is primarily used in various industries. The low-pressure process is used in the output of low-volume goods with top unit costs due to the longer casting cycles.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period. In the Asia-Pacific region, major countries like India, China, and Japan are expected to contribute significantly to the development of the market over forecast period. China is one of the major producers of die casting parts, and growing adoption of passenger cars in the region is likely to have an optimistic impact on the market. The Chinese economy is growing and the disposable income of the middle-class consumers is also increasing. This, in turn, reflects positively on the growing demand for vehicles. Over the past five years, owing to the low production costs in the country, the demand for vehicle production has gone up drastically. Moreover, with the rise in demand for electric vehicles in the country, the demand for aluminium die casted parts is expected to increase in the coming years.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. North American countries are making good contribution to the automotive industry with die-casting being support pillar for the market growth. Automotive industry is witnessing an upswing, with die casting makers their presence worth. Production of automobile has been witnessing a lucrative growth in United States, Canada, and Mexico. Over the past five years, owing to the low production costs in the country, the demand for vehicle production went up drastically. With the rise in demand for electric vehicles in these countries, the demand for aluminium die casted parts is expected to increase in the coming years. With technological advancements the manufacturers are expected to see raise in demand for car exports which intern will increase demand for die casting automotive parts as manufacturers are looking to reduce car weight in order to keep up with emission norms across the world.
Key players in the market
Some of the key players profiled in the Automotive Parts Aluminum Die Casting Market include Altizon Inc, Endurance Technologies Ltd (CN), Georg Fischer Limited, Interplex Holdings Ltd, Koch Enterprises, Martinrea Honsel, Nemak, Pace Industries, Rheinmetall AG, Rockman Industries, Ryobi Die Casting Inc, Sandhar Technologies, Shiloh Industries Inc, Sipra Quality Die Casting, and TEKSID SpA.
Key Developments:
In December 2021, Altizon Inc. (Altizon) announced that it is working with Sundaram Clayton Limited (SCL), a subsidiary of TVS Group, to scale up the deployment of its industry-leading Datonis Digital Factory, in casting and machining cells across all SCL plants in India and North America.
In March 2021, Endurance Technologies Limited announced that a new plant at Waluj is being set up to meet the demand of disk brake assembly business. This new plant began in August 2021. The company is also setting up a cylinder-head low-pressure die-casting plant at Pantnagar, which will start operations FY 2022.
In March 2021, Sandhar Technologies entered into a non-binding Memorandum of Understanding with Unicast Autotech for the purpose of acquiring its aluminum die casting business.
In March 2021, Rheinmetall AG group won an engine block supply contract of over EUR 100 million for a German car manufacturer. Full-scale production is planned to begin in 2023. The lifetime of the contract extends beyond 2030.
Production Processes Covered:
• Semisolid Die Casting
• Vacuum Die Casting
• Pressure Die Casting
• Squeeze Die Casting
• Gravity Die Casting
Applications Covered:
• Engine Parts
• Transmission Parts (Wheel)
• Body Parts (Chassis)
• Battery and Related Components
• Other Applications
End Users Covered:
• Commercial Vehicles
• Passenger Vehicles
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Parts Aluminum Die Casting Market, By Production Process
5.1 Introduction
5.2 Semisolid Die Casting
5.3 Vacuum Die Casting
5.4 Pressure Die Casting
5.5 Squeeze Die Casting
5.6 Gravity Die Casting
6 Global Automotive Parts Aluminum Die Casting Market, By Application
6.1 Introduction
6.2 Engine Parts
6.3 Transmission Parts (Wheel)
6.4 Body Parts (Chassis)
6.5 Battery and Related Components
6.6 Other Applications
7 Global Automotive Parts Aluminum Die Casting Market, By End User
7.1 Introduction
7.2 Commercial Vehicles
7.3 Passenger Vehicles
8 Global Automotive Parts Aluminum Die Casting Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Altizon Inc
10.2 Endurance Technologies Ltd (CN)
10.3 Georg Fischer Limited
10.4 Interplex Holdings Ltd
10.5 Koch Enterprises
10.6 Martinrea Honsel
10.7 Nemak
10.8 Pace Industries
10.9 Rheinmetall AG
10.10 Rockman Industries
10.11 Ryobi Die Casting Inc
10.12 Sandhar Technologies
10.13 Shiloh Industries Inc
10.14 Sipra Quality Die Casting
10.15 TEKSID SpA
List of Tables
1 Global Automotive Parts Aluminum Die Casting Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive Parts Aluminum Die Casting Market Outlook, By Production Process (2020-2028) ($MN)
3 Global Automotive Parts Aluminum Die Casting Market Outlook, By Semisolid Die Casting (2020-2028) ($MN)
4 Global Automotive Parts Aluminum Die Casting Market Outlook, By Vacuum Die Casting (2020-2028) ($MN)
5 Global Automotive Parts Aluminum Die Casting Market Outlook, By Pressure Die Casting (2020-2028) ($MN)
6 Global Automotive Parts Aluminum Die Casting Market Outlook, By Squeeze Die Casting (2020-2028) ($MN)
7 Global Automotive Parts Aluminum Die Casting Market Outlook, By Gravity Die Casting (2020-2028) ($MN)
8 Global Automotive Parts Aluminum Die Casting Market Outlook, By Application (2020-2028) ($MN)
9 Global Automotive Parts Aluminum Die Casting Market Outlook, By Engine Parts (2020-2028) ($MN)
10 Global Automotive Parts Aluminum Die Casting Market Outlook, By Transmission Parts (Wheel) (2020-2028) ($MN)
11 Global Automotive Parts Aluminum Die Casting Market Outlook, By Body Parts (Chassis) (2020-2028) ($MN)
12 Global Automotive Parts Aluminum Die Casting Market Outlook, By Battery and Related Components (2020-2028) ($MN)
13 Global Automotive Parts Aluminum Die Casting Market Outlook, By Other Applications (2020-2028) ($MN)
14 Global Automotive Parts Aluminum Die Casting Market Outlook, By End User (2020-2028) ($MN)
15 Global Automotive Parts Aluminum Die Casting Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
16 Global Automotive Parts Aluminum Die Casting Market Outlook, By Passenger Vehicles (2020-2028) ($MN)
17 North America Automotive Parts Aluminum Die Casting Market Outlook, By Country (2020-2028) ($MN)
18 North America Automotive Parts Aluminum Die Casting Market Outlook, By Production Process (2020-2028) ($MN)
19 North America Automotive Parts Aluminum Die Casting Market Outlook, By Semisolid Die Casting (2020-2028) ($MN)
20 North America Automotive Parts Aluminum Die Casting Market Outlook, By Vacuum Die Casting (2020-2028) ($MN)
21 North America Automotive Parts Aluminum Die Casting Market Outlook, By Pressure Die Casting (2020-2028) ($MN)
22 North America Automotive Parts Aluminum Die Casting Market Outlook, By Squeeze Die Casting (2020-2028) ($MN)
23 North America Automotive Parts Aluminum Die Casting Market Outlook, By Gravity Die Casting (2020-2028) ($MN)
24 North America Automotive Parts Aluminum Die Casting Market Outlook, By Application (2020-2028) ($MN)
25 North America Automotive Parts Aluminum Die Casting Market Outlook, By Engine Parts (2020-2028) ($MN)
26 North America Automotive Parts Aluminum Die Casting Market Outlook, By Transmission Parts (Wheel) (2020-2028) ($MN)
27 North America Automotive Parts Aluminum Die Casting Market Outlook, By Body Parts (Chassis) (2020-2028) ($MN)
28 North America Automotive Parts Aluminum Die Casting Market Outlook, By Battery and Related Components (2020-2028) ($MN)
29 North America Automotive Parts Aluminum Die Casting Market Outlook, By Other Applications (2020-2028) ($MN)
30 North America Automotive Parts Aluminum Die Casting Market Outlook, By End User (2020-2028) ($MN)
31 North America Automotive Parts Aluminum Die Casting Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
32 North America Automotive Parts Aluminum Die Casting Market Outlook, By Passenger Vehicles (2020-2028) ($MN)
33 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Country (2020-2028) ($MN)
34 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Production Process (2020-2028) ($MN)
35 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Semisolid Die Casting (2020-2028) ($MN)
36 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Vacuum Die Casting (2020-2028) ($MN)
37 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Pressure Die Casting (2020-2028) ($MN)
38 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Squeeze Die Casting (2020-2028) ($MN)
39 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Gravity Die Casting (2020-2028) ($MN)
40 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Application (2020-2028) ($MN)
41 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Engine Parts (2020-2028) ($MN)
42 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Transmission Parts (Wheel) (2020-2028) ($MN)
43 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Body Parts (Chassis) (2020-2028) ($MN)
44 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Battery and Related Components (2020-2028) ($MN)
45 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Other Applications (2020-2028) ($MN)
46 Europe Automotive Parts Aluminum Die Casting Market Outlook, By End User (2020-2028) ($MN)
47 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
48 Europe Automotive Parts Aluminum Die Casting Market Outlook, By Passenger Vehicles (2020-2028) ($MN)
49 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Country (2020-2028) ($MN)
50 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Production Process (2020-2028) ($MN)
51 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Semisolid Die Casting (2020-2028) ($MN)
52 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Vacuum Die Casting (2020-2028) ($MN)
53 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Pressure Die Casting (2020-2028) ($MN)
54 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Squeeze Die Casting (2020-2028) ($MN)
55 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Gravity Die Casting (2020-2028) ($MN)
56 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Application (2020-2028) ($MN)
57 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Engine Parts (2020-2028) ($MN)
58 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Transmission Parts (Wheel) (2020-2028) ($MN)
59 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Body Parts (Chassis) (2020-2028) ($MN)
60 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Battery and Related Components (2020-2028) ($MN)
61 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Other Applications (2020-2028) ($MN)
62 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By End User (2020-2028) ($MN)
63 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
64 Asia Pacific Automotive Parts Aluminum Die Casting Market Outlook, By Passenger Vehicles (2020-2028) ($MN)
65 South America Automotive Parts Aluminum Die Casting Market Outlook, By Country (2020-2028) ($MN)
66 South America Automotive Parts Aluminum Die Casting Market Outlook, By Production Process (2020-2028) ($MN)
67 South America Automotive Parts Aluminum Die Casting Market Outlook, By Semisolid Die Casting (2020-2028) ($MN)
68 South America Automotive Parts Aluminum Die Casting Market Outlook, By Vacuum Die Casting (2020-2028) ($MN)
69 South America Automotive Parts Aluminum Die Casting Market Outlook, By Pressure Die Casting (2020-2028) ($MN)
70 South America Automotive Parts Aluminum Die Casting Market Outlook, By Squeeze Die Casting (2020-2028) ($MN)
71 South America Automotive Parts Aluminum Die Casting Market Outlook, By Gravity Die Casting (2020-2028) ($MN)
72 South America Automotive Parts Aluminum Die Casting Market Outlook, By Application (2020-2028) ($MN)
73 South America Automotive Parts Aluminum Die Casting Market Outlook, By Engine Parts (2020-2028) ($MN)
74 South America Automotive Parts Aluminum Die Casting Market Outlook, By Transmission Parts (Wheel) (2020-2028) ($MN)
75 South America Automotive Parts Aluminum Die Casting Market Outlook, By Body Parts (Chassis) (2020-2028) ($MN)
76 South America Automotive Parts Aluminum Die Casting Market Outlook, By Battery and Related Components (2020-2028) ($MN)
77 South America Automotive Parts Aluminum Die Casting Market Outlook, By Other Applications (2020-2028) ($MN)
78 South America Automotive Parts Aluminum Die Casting Market Outlook, By End User (2020-2028) ($MN)
79 South America Automotive Parts Aluminum Die Casting Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
80 South America Automotive Parts Aluminum Die Casting Market Outlook, By Passenger Vehicles (2020-2028) ($MN)
81 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Country (2020-2028) ($MN)
82 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Production Process (2020-2028) ($MN)
83 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Semisolid Die Casting (2020-2028) ($MN)
84 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Vacuum Die Casting (2020-2028) ($MN)
85 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Pressure Die Casting (2020-2028) ($MN)
86 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Squeeze Die Casting (2020-2028) ($MN)
87 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Gravity Die Casting (2020-2028) ($MN)
88 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Application (2020-2028) ($MN)
89 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Engine Parts (2020-2028) ($MN)
90 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Transmission Parts (Wheel) (2020-2028) ($MN)
91 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Body Parts (Chassis) (2020-2028) ($MN)
92 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Battery and Related Components (2020-2028) ($MN)
93 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Other Applications (2020-2028) ($MN)
94 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By End User (2020-2028) ($MN)
95 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
96 Middle East & Africa Automotive Parts Aluminum Die Casting Market Outlook, By Passenger Vehicles (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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