Market Summary
Research Methodology on Automotive Metal Die Casting Market
1. Introduction
This research report is about the global automotive metal die casting market. Die casting is a metal working process that requires high precision and great accuracy. It is widely used in the manufacturing of automobile parts. This report seeks to detail the current market trends and study their impact on the growth of the automotive metal die casting market.
2. Research Design
The research design employed for this report has relied heavily on primary and secondary data. Additionally, a triangulation approach has been used by focusing on and incorporating three different perspectives, namely; top-down, bottom-up, and in-depth interviews.
At the primary level, data and information regarding the global market are gathered through questionnaire surveys, interviews with industry experts, and by taking into account the value, volume, and pricing dynamics across various regions and countries. This process has been continued to get a deeper understanding of the market and its associated dynamics.
At the secondary level, the data from published reports, white papers, and other reliable sources have been studied, compiled and compared with existing data, along with primary data obtained through the above-mentioned primary research process, to validate and verify the authenticity of the existing datasets and gain a sharper view of the global automotive metal die casting market.
In order to understand the micro and macro dynamics of the global market, in-depth interviews have been conducted with industry experts. These interviews have helped to have a better understanding of the trends of the market, and competition landscape, and arrive at the estimated figures of the current market size.
3. Data Collection
Data were collected from both primary and secondary sources. Primary data was collected through numerous questionnaires and survey forms among industry experts, while secondary data was collected from published reports and other reliable sources.
At the primary level, a questionnaire was developed with queries and questions pertaining to different aspects such as market size, market dynamics, market structure, product segmentation and application segmentation, regional segmentation, competitive landscape and vendor analysis. Moreover, in-depth interviews were conducted to comprehend the current market trends and their possible impact on the automotive metal die casting market.
At the secondary level, numerous articles, reports, magazines and other industry periodicals were referred to, after verifying their accuracy and authenticity. Moreover, the financial data obtained from the annual reports and other documents of companies and other sources were also studied and reviewed to strengthen the data set obtained from the primary phase.
4. Data Analysis
The collected data has been analyzed in the report using both qualitative and quantitative approaches. At the qualitative level, the market was analyzed and further segmented based on product types, applications and end-user. Additionally, Porter's Five Forces Model and Value Chain Analysis were used to study the competitive landscape and trends prevailing in the industry.
At the quantitative level, a statistical analysis of the data was carried out using MS Excel. Various graphs and tables were used to facilitate an easier understanding and interpretation of the data. The data obtained through the primary and secondary sources were validated and verified, and then further analyzed to arrive at the market size figure and compound annual growth rate.
Market Size & Forecast
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 42.9 billion |
| Market Size 2024 | USD 46.65 billion |
| Market Size 2032 | USD 84.0 billion |
| Compound Annual Growth Rate (CAGR) | 7.63% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Metal, Process Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Endurance Technologies Limited (India), Rockman Industries Ltd (India), Nemak (Mexico), Sandhar (India), Martinrea International, Inc (Canada), Dynacast (US). Buhler AG (Switzerland), Ryobi Limited (Japan), Shiloh Industries, Inc (US), GF Casting Solutions AG (Switzerland), Minda Corporation Limited (India), Tadir-Gan Group (Israel), PHB Corp. (US), Gibbs (US), and Eco die casting Co., Ltd (China). |
| Key Market Opportunities | Automotive die casting also finds applications in electric vehicles (EVs) owing to its lightweight. |
| Key Market Dynamics | Rising sales of electric tric & hybrid vehicles boost the demand for metal casting market. |
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