Industry Background:
The manufacturing die is used to give the shape to material that are used in manufacturing of automobile. It uses the press to produce a casting equipment. The die cast products are also used to determine the quality of compressor. Additionally, these products are used in inverter cases of hybrid car and the electronic components are mounted on it. There are two types that are pressure and vacuum die which are mostly used. The increasing demand in automobile parts is fueling the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Hisense (China), Shengmei Precision (China), Huawei (China), Ikegami Mold (Brazil), FUJI (Japan), COMAU (Italy), Dongfeng (China), Castwel Auto parts Pvt. Ltd. (India), Dynacast (United States) and Gibbs Die-casting Group (United States) |
This growth is primarily driven by Increasing Requirement of Light Weight Vehicles and Increasing Industrial Operations and Activities Owing to Demand of Light Commercial Vehicles.
Globally, a noticeable market trend is evident Technological Enhancements in Die Castings Major Vendors, such as Hisense (China), Shengmei Precision (China), Huawei (China), Ikegami Mold (Brazil), FUJI (Japan), COMAU (Italy), Dongfeng (China), Castwel Auto parts Pvt. Ltd. (India), Dynacast (United States) and Gibbs Die-casting Group (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. In this market of automobile die the major players are focusing on the increase of production capacities in developing economies. Further the factors such as cost efficient process of manufacturing is driving the market of automobile die.
Key Developments in the Market:
In MARCH 2021 -- Hong Kong A division of the Hisense Group, a major Chinese consumer electronics manufacturer, reached an agreement to purchase a controlling stake in a Japanese auto parts company, raising the subsidiary's share in the mainland deal by 10 percent. made it This transaction marks the second acquisition of a Japanese company by Hisense Group as it seeks new growth drivers. Hisense Visual Technology, the audiovisual division, acquired Toshiba's television division, including the Regza brand, in 2018.
In April 2021, Huawei launched its own electric car. A new industry report finds key technology Huawei is working to build its own electric vehicle for the masses. The company may even come up with the first few models. Just a month after China's Xiaomi announced plans to produce electric vehicles, Huawei appears to be on a similar path. The tech major is said to be planning to build an electric vehicle under its own brand. Interestingly, some of these EV models from Huawei could hit the market.
Influencing Trend:
Technological Enhancements in Die Castings
Market Growth Drivers:
Increasing Requirement of Light Weight Vehicles and Increasing Industrial Operations and Activities Owing to Demand of Light Commercial Vehicles
Challenges:
High Competition Due to the Presence of Major Players and Lack of Skilled Labors
Restraints:
High Costs Associated with the Raw Materials
Opportunities:
Rising Automotive Sector Globally and Rising Industrialization in Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automobile Die Market
- Analysis about New Entrants in Automobile Die Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automobile Die Study Sheds Light on
The Automobile Die Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automobile Die industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automobile Die industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.