Published Date: 2021-09-06
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European Automotive Casting Market size is expected to reach USD 28 billion by 2027, according to a latest forecast report by Graphical Research.
The growing concern towards the reduction of vehicle emissions has resulted in the shift of manufacturing trends to lightweight vehicles which is anticipated to generate huge revenue gains throughout the forecast period. Europe is home to some of the largest automobile manufacturers across the globe. The growing production in the region along with the presence of stringent regulations has resulted in higher adoption of aluminum in passenger vehicles. The use of aluminum casting provides with economical and efficient process offering for a wide range of shapes and components.
Zinc castings are used in exterior parts including sunroof windshield wiper, and chassis. It provides with excellent tensile strength that twice as strong as aluminum parts. Moreover, zinc casting also allows efficient thermal and electrical conductivity and high corrosion resistance.
In terms of processes, sand casting will hold over 25% market share throughout the study timeframe. This casting process typically has a low production rate however can be utilized to produce complex shapes and sizes. These are widely used in automobile components such as engine manifolds, engine blocks, transmission cases and cylinder heads among others.
Browse detailed statistical insights from the report, “Europe Automotive Casting Market Forecast 2027 By Application (Engine, Transmission & Suspension, Brakes & Wheels), By Material (Iron, Steel, Aluminum), By Process (Sand Casting, Die Casting, Investment Casting), By Distribution Channel (OEM, Aftermarket), By Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1930/europe-automotive-casting-market
The COVID-19 pandemic impacted various industries and automotive industry was no exception. The prevalence of the pandemic created a disruption in the overall automotive industry in terms of both demand and supply. The automotive industry saw manufacturing halt across the globe which created huge discrepancy in the casting industry. The temporary closure of production facilities created the disruption in entire value chain restraining the European market. The sale of passenger cars fell to around 60.5 million units in 2020 from a peak sales of over 70 million units in 2017. Moreover, March 2020 saw decline of over 30% in passenger car sales alone as compared to the previous year.
Germany leads the Europe automotive casting market followed by France and Spain. Germany held over 25% revenue share in 2020 and is anticipated to witness significant growth. The country is one of the largest premium cars manufacturers across the globe and is Europe’s leading passenger car manufacturing country with over 4.6 million produced in 2019.
The European automotive casting market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in kilo tons and revenue in USD Million from 2016 to 2027 for the following segments
Europe Market, By Material
Europe Market, By Process
Europe Market, By Application
Europe Market, By Distribution Channel
Europe Market, By Vehicle
The above information has been provided for the following countries:
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