Automotive parts aluminum die-casting markets in UK will reach $273.98 million by 2020, says report

Automotive parts aluminum die-casting markets in UK will reach $273.98 million by 2020, says report

The increasing popularity for fuel-efficient vehicles with reduced carbon emissions, coupled with a need to reduce the vehicle weight greatly influenced the trend towards more use of aluminum die casting in automotive parts in UK. The UK auto industry is predicted to reach $273 million by 2020, an increase of 6.6% from 2013 and recorded revenue of 69.5 billion GBP in 2014.

The trend is an offshoot of the growing trend of rise in demand for aluminum as new alloy for specific solutions developed for automotive industry needs. The innovative products lines by automotive manufacturers have resulted in a steady growth of cars and commercial vehicles segment in UK.

According to reports, market for automotive parts aluminium die-casting will have a slower CAGR of 5.37%. In a nutshell, automobile makers are now focusing on collaborating with the part die casting manufacturers in order to produce fuel-efficient and lightweight automobiles.

Availability of the raw materials in a large variety of semi-furnished forms, such as shape, castings, extrusions and sheet has become a major advantage to the die cast manufacturers in Europe. These ancillaries are very suitable for mass production and innovative solutions in the form of compact and highly integrated parts that meet the high demands for performance, quality and cost efficient manufacturability. Thus driving profits for the auminium die-casting in auto industry.

Categories: Automotive, Uncategorized
Tags: Die-casting