Title: Europe Automotive Casting Market 2022 Industry Trends | Growth Dynamics To 2027
1 Europe Automotive Casting Market To Witness
Accelerated Growth by 2027
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2 - Europe Automotive Casting Market To Hit USD 28 Bn
By 2027. Europe automotive casting market size is
set to grow at an appreciable rate because of the
rising need among automakers to reduce the
overall weight of vehicles. Some of the most
reputed automotive companies have their
manufacturing plants in Europe and automobile
manufacturers use lighter materials for casting
processes to produce high-quality components. - The focus of governments across Europe is
increasing towards reducing the overall emissions
of automobiles in a bid to create a cleaner and
safer environment. These rules and regulations
set by the regional authorities have prompted
automobile producers to look for and invent
innovative ways to improve the efficiency of
vehicles with regards to fuel consumption.
According to a report by the Office of Energy
Efficiency Renewable Energy (EERE), using
lightweight materials like magnesium alloys,
aluminum, high-strength steel, and carbon fiber
for different components can reduce the vehicles
body and chassis weight by almost 50. This
automatically allows the engines to run
efficiently and consume lesser fuel. - As the demand for energy efficient vehicles is
growing, the need to have lighter components is
seeing an upward trend. The regional automotive
casting market share from aluminum segment was
valued at more than 11.5 billion in 2020. Some
of the great features of aluminum are that it is
lightweight, makes production highly efficient,
is quite ecofriendly and cost-effective at the
same time. It reduces the weight of the vehicle
to a large extent, resulting in higher fuel
efficiency.
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4 - Among the various processes used for producing
automotive castings, the die casting method will
gain significant momentum through 2027. It is a
process that involves heating the desired metal
up to its melting point and pouring it in
different molds. As soon as the molten metal
hardens, the mold is peeled off and the required
auto part is ready to be installed in vehicles.
Some of the reputed automotive casting companies
in Europe are Bell Foundry, Zetwerk, Gibbs Die
Casting, Dynacast, Zollern GmbH, Impro, and
Endurance Technologies, among a few others. - The die casting process is quite an easy one and
is highly cost-effective as compared to other
methods. The parts manufactured with the help of
this procedure are durable and possess high
dimensional accuracy. It reduces the number of
production processes involved in the making of
automobile components, thereby saving time and
raw materials required. - Automotive castings are used for making different
auto parts. But the engine application is
predicted to capture nearly 40 share of Europe
automotive castings market by 2027. Since engines
are quite complex in their design and
functioning, there are many elements that will
make use of casting methods. Aluminum is used in
die casting process to produce different parts of
an engine and make it highly functional,
efficient, and lightweight. - European auto manufacturers will use zinc metal
to produce the external parts of a vehicle like
sunroof windshield wipers and chassis. Zinc has
some incredible features like it offers great
tensile strength which makes it twice as strong
as aluminum. Castings made with this metal have
high thermal and electric conductivity and are
resistant to corrosion, making it suitable for
vehicles that have to endure extreme weather
conditions.
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5 Segments of Europe Automotive Casting Market
- Europe Market, By Process
- Sand Casting
- Die Casting
- Investment Casting
- Others (Centrifugal, lost foam, etc.)
- Europe Market, By Application
- Engine
- Transmission and Suspension
- Brakes and Wheels
- Others (Seat belts, locks, etc.)
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