Market Size of UK 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 | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Automotive Parts Aluminium Die Casting Market Analysis
The UK Automotive Parts Aluminum Die Casting Market is projected to grow with a CAGR of more than 5 % during the forecast period.
- Owing to the high demand of automobiles in the region, United Kingdom is one of the largest markets for automobiles in the world. the presence of leading automobile manufacturers as well as the component manufacturers is driving the growth in the region.
- With the growing pollution levels around the world car makers are looking for light weight components for reducing the fuel consumption and curbing the emission of harmful pollutants into the atmosphere.
- However, the low availability of aluminum in the country and the high imports of the metal because of the growing demand of aluminum and related products can be a restraint.
- Because of the ongoing Covid-19 pandemic all around the world, the aluminum die casting industry is badly hurt because of the spread of virus. The lockdown imposed has forced all the players in the industry to shut down their operations and also has weakened the demand for automobiles in the country. The April-June quarter witnesses high negative rates in sales figures for the automobiles and the industry is expected to revive in second half of 2021.
UK Automotive Parts Aluminium Die Casting Industry Segmentation
The United Kingdom Automotive Parts Aluminum Die Casting Market report covers a detailed study on the latest trends and innovations in the market which is Segmented by Production Process Type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting), by Application Type (Body Assemblies, Engine Parts, Transmission Parts and Others). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
| Production Process | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Squeeze Die Casting | |
| Semi-solid Die Casting |
| Application Type | |
| Body Assemblies | |
| Engine Parts | |
| Transmission Parts | |
| Others |
UK Automotive Parts Aluminium Die Casting Market Size Summary
The UK Automotive Parts Aluminum Die Casting Market is experiencing growth driven by the high demand for automobiles and the presence of leading manufacturers in the region. As one of the largest automotive markets globally, the UK is witnessing a shift towards lightweight components to reduce fuel consumption and emissions, aligning with global pollution reduction efforts. Despite challenges such as the limited availability of aluminum and the impact of the COVID-19 pandemic, which temporarily disrupted operations and weakened demand, the market is poised for recovery. The UK's passenger vehicle market remains robust, with a diverse range of models and a notable shift towards hybrid and electric vehicles, spurred by environmental regulations and initiatives like London's ultra-low emission zone.
The industry is characterized by significant investment in pressure die casting techniques, which offer advantages in terms of volume production, accuracy, cost-effectiveness, and time efficiency. This has led to expansions and strategic partnerships among key players to enhance their market presence. Companies such as Midland Pressure Diecasting and Alucast are actively investing in new technologies and securing contracts to meet the growing demand for aluminum parts. The market is fragmented, with numerous players holding small shares, but major companies are leveraging partnerships with global leaders to increase their influence. This dynamic landscape underscores the ongoing evolution and potential of the UK Automotive Parts Aluminum Die Casting Market.
UK 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 Forces 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
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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 Squeeze Die Casting
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2.1.4 Semi-solid Die Casting
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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 Others
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UK Automotive Parts Aluminium Die Casting Market Size FAQs
What is the current UK Automotive Parts Aluminium Die Casting Market size?
The UK Automotive Parts Aluminium Die Casting Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in UK Automotive Parts Aluminium Die Casting Market?
Amtek Group, Buvo Castings, Castwel Autoparts, Endurance Group and GEORG FISCHER LIMITED are the major companies operating in the UK Automotive Parts Aluminium Die Casting Market.
