TechNavio today launched its report, Global Aluminum Die Casting Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Since the recent global economic recession, there has been steady growth in the economies of several Asian countries including China and India. This has paved the way for the emergence of several cost-driven manufacturing companies. Several companies based in the Americas and the EMEA region are increasingly outsourcing their manufacturing and production work to low-cost manufacturing companies in developing countries across the APAC region. In addition, several global companies have started setting up their manufacturing plants in these countries to take advantage of the availability of low-cost skilled personnel and abundant raw materials. Further, because of the threat of natural calamities such as earthquakes and tsunamis in Japan, several production facilities are being shifted from Japan to other countries in Asia, such as India, China, and Singapore. Thus, it is expected that there will be an increase in investment by both domestic and international vendors to increase their market presence in the APAC region and hence their profitability.”
According to the report, the increasing need for superior-quality products is one of the major factors driving the growth of the Global Aluminum Die Casting market. Aluminum die casting is very cost effective and offers increased ease toward development of products with complex shapes and specifications. It also allows dimensional stability in complex shapes and thin surfaces, which ensures the development of high-precision products. Further, aluminum is a very lightweight non-ferrous metal which has high corrosion resistance as well as high thermal and electricity-conducting capabilities. Thus, the effective adoption of aluminum die casting enables the development of superior-quality products with increased dimensional accuracy, (with desired geometry) enabling the products to compete in the international market.
Further, the report reveals that the need for high initial investment is one of the major challenges hindering the growth of the Global Aluminum Die Casting market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-aluminum-die-casting-market-2012…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Aluminum Die Casting Market 2012-2016
