Market Size of Italy Automotive Parts Aluminium Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Italy Automotive Parts Aluminium Die Casting Market Analysis
The Italy automotive parts aluminium die casting market is expected to grow at a CAGR of over 6% during the forecasted period (2020 - 2025)
Italy is making good contribution to the automotive industry with die-casting being support pillar for the market growth. Automotive industry is witnessing an upswing, with die casting makers their presence worth. Production of automobile has been witnessing a lucrative growth in Italy, with 915,305 vehicles manufactured in 2019 alone. Aluminium is the widely used raw material in automotive die-casting. Production standards have risen, as die casting features meticulous process types, making the market grow.
Automotive lightening and energy saving trends are developing in this sectors and the automotive parts die-casting market grew in Italy, with much competitive technology in producing die cast automobile parts. The Italy market for automotive parts aluminium die casting is expected to touch $200 million in 2020 and is expected to see a upward trend during the forecasted period. The automobile industry is highly dependent on the Environmental Protection Agency (EPA) regulations, owing to the high emissions of the automotive units. The move by the EPA to raise the mile per gallons (mpg) standards to 35.5 mpg by 2016, and then to 54.5 mpg by 2025, helped the die casting industry, as the automotive industry concluded that the only way to get to those mileage standards was by manufacturing lightweight vehicles. Use of aluminum, specifically aluminum die casting, in many of the power train and engine areas, is an important way to achieve this. This is one of the major reasons for the predicted growth of the industry in the area of structural die-casting
However, volatility of aluminium prices, due to sanctions and trade wars between countries, and the increasing employment of zinc die casting, is acting as a major hindrance in the growth of the market studied.
Italy Automotive Parts Aluminium Die Casting Industry Segmentation
The Italy automotive parts aluminium die casting market report contains the latest trends and technological developments in the market, demand by production process type, application type, and share of major players across the country
| Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Other Productino Process Types |
| Application Type | |
| Body Assemblies | |
| Engine Parts | |
| Transmission Parts | |
| Other Aplication Types |
Italy Automotive Parts Aluminium Die Casting Market Size Summary
The Italy automotive parts aluminium die casting market is experiencing significant growth, driven by the increasing demand for lightweight vehicles and the need to meet stringent environmental regulations. The automotive industry in Italy is a crucial contributor to this market, with aluminium being the preferred material due to its properties that support energy efficiency and vehicle performance. The market is characterized by advancements in die casting technologies, such as the ultra-high-vacuum process, which enhances the quality and weldability of automotive components. Despite challenges like fluctuating aluminium prices and competition from zinc die casting, the market is poised for expansion, supported by the growing automotive sector and the rise in electric vehicle production.
Italy stands as a key player in the European automotive die casting market, competing with countries like Germany and France. The country's economic growth and increasing disposable income among the middle class are boosting vehicle demand, which in turn fuels the need for aluminium die casted parts. The market is consolidated, with major players engaging in competitive strategies such as mergers and acquisitions to strengthen their market position. The demand for fuel-efficient and compact vehicles, along with national legislation promoting safety and environmental protection, further propels the market's growth trajectory. As the automotive industry continues to evolve, the Italy automotive parts aluminium die casting market is expected to witness sustained upward momentum.
Italy Automotive Parts Aluminium Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Production Process Type
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2.1.1 Pressure Die Casting
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2.1.2 Vacuum Die Casting
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2.1.3 Other Productino Process Types
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2.2 Application Type
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2.2.1 Body Assemblies
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2.2.2 Engine Parts
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2.2.3 Transmission Parts
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2.2.4 Other Aplication Types
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Italy Automotive Parts Aluminium Die Casting Market Size FAQs
What is the current Italy Automotive Parts Aluminium Die Casting Market size?
The Italy Automotive Parts Aluminium Die Casting Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Italy Automotive Parts Aluminium Die Casting Market?
Martinrea Honsel, Ryobi Die Casting, Georg Fischer, Theinmetall Automotive and Buhler group are the major companies operating in the Italy Automotive Parts Aluminium Die Casting Market.
