Aluminum Parts Gravity Die Casting Market Revenues to Reach … – GlobeNewswire

| Source: Mordor Intelligence Mordor Intelligence
Hyderabad, INDIA
Hyderabad, Aug. 07, 2023 (GLOBE NEWSWIRE) — According to a new market research report titled “Aluminum Parts Gravity Die Casting Market Report (2023-2028),” the market is estimated at USD 6.44 billion in 2023. It is expected to register a CAGR of 4.82% during the forecast period.
Gravity die casting is a casting process where molten metal is poured into a mold using gravity, and filling is controlled by tilting the mold. This is one of the oldest methods of casting, which offers high production speed. Supply chain complexities in die-casting, automotive industry expansion, increased use of die-cast parts in industrial machinery, growth in the construction sector, and aluminum castings in electronics are driving the growth of the market. Automakers require lightweight metals for weight reduction, which is expected to drive the use of die-cast parts in the automotive sector in the coming years.
Report Summary:


Who are the Top Companies in the Global Aluminum Parts Gravity Die Casting Market?
The market is fragmented, with the presence of many regional small-medium scale players across several countries, as well as large-scale/international players. Key players have also expanded their operations globally through various mergers, expansions, partnerships, joint ventures, and acquisitions. They are focusing their revenues on R&D to come up with better production processes and alloys.
The significant players in the global aluminum parts gravity die casting market are,
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Key Highlights from the Global Aluminum Parts Gravity Die Casting Market Report:
Influence of Stringent Regulations and Standards
Asia-Pacific Dominating the Market
What are the Latest Developments in the Global Aluminum Parts Gravity Die Casting Market?
Mordor Intelligence has Segmented the Global Aluminum Parts Gravity Die Casting Market Based on Application and Geography.
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Global Aluminum Parts Gravity Die Casting Market Report (2023-2028).
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