China Automotive Parts Aluminum Die Casting Market Revenues to … – GlobeNewswire

| Source: Mordor Intelligence Mordor Intelligence
Hyderabad, INDIA
Hyderabad, Aug. 21, 2023 (GLOBE NEWSWIRE) — According to a new market research report titled “China Automotive Parts Aluminum Die Casting Market Report (2023-2028),” the market is estimated at USD 9.62 billion in 2023. It is expected to register a CAGR of 8.26% during the forecast period.
China’s booming automotive market and increasing production of passenger cars and commercial vehicles are driving the demand for aluminum die-cast parts. The COVID-19 pandemic led to reduced automotive production in China. However, the market is showing positive trends and is expected to recover completely in the next five years. Manufacturers are implementing contingency plans for business uncertainties and maintaining client relationships. In the long term, increasing R&D investments, sales of electric and hybrid vehicles, and rising demand for commercial vehicles are expected to influence the market’s growth.
Report Summary:
Who are the Top Companies in the China Automotive Parts Aluminum Die Casting Market?
It is a fragmented market, with many players accounting for a small market share. Some prominent players have secured long-term supply contracts with major automotive OEMs. They use strategic partnerships with global leaders, joint ventures, mergers and acquisitions, new product launches, and product development to expand their brand portfolios and sustain their market positions.
The significant players in the Chinese automotive parts aluminum die casting market are,
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Key Highlights from the China Automotive Parts Aluminum Die Casting Market Report:
Need for Lightweight Materials
Pressure Die Casting Dominates the Market
What are the Latest Developments in the China Automotive Parts Aluminum Die Casting Market?
Mordor Intelligence has Segmented the China Automotive Parts Aluminum Die Casting Market Based on Production Process Type and Application Type.
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 China Automotive Parts Aluminum Die Casting Market Report (2023-2028).
Mordor Intelligence constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:
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Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
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