Market Trends of Germany Automotive Parts Aluminium Die Casting Industry
This section covers the major market trends shaping the Germany Automotive Parts Aluminium Die Casting Market according to our research experts:
Pressure Die Casting Captures the Market
Owing to the advantages offered by the process of pressure die casting over other casting methods the players in the industry are investing to expand their operations in the country for fulfilling the demand of aluminum parts for automotive in the country.
Using the pressure die casting technique high volumes of parts can be produced with high accuracy over other process also the process is cost effective and less time consuming and other advantages and the demand in the country is enabling the major players in the country to invest heavily and expand their operations. For instance,
In February 2020, Midland Pressure Diecasting (MPD) completed a £250,000 investment drive by boosting its aluminum and zinc casting output via the purchase of automated machines and an additional new 'Frech' die casting machine.
Passenger Vehicle Sales Driving Growth
Despite of a decline in demand for a couple of years in the region, owing to the factors such as the socio-political situation in the country, the Brexit deal and uncertainty over future environmental regulation, the Germany passenger vehicle market still remains largest market in the European Union. The market is well diverse with around 350 different models available for end users with different fuel types.
Die casters in china now focusing on sourcing for better technologies to improve and enhance the quality of the castings. Further, the country's foundry industry is being recognized and endorsed by foreign enterprises resulting in a full swing development of foreign trade. All these factors together are expected to maintain a steady growth in the power train parts aluminum die casting market in China.
