12 NOVEMBER 2015www.prnewswire.com
UK automotive parts aluminium die-casting market to reach $273.98 million by 2020
Edited by : AL CIRCLE
1 min read
Britain's auto industry witnessed an increase of 6.6% from 2013 and recorded revenue of 69.5 billion GBP in 2014. This clearly demonstrated the health of the carsin UK and commercial vehicle manufacturers, along with the supply chains of business. Growing popularity for fuel-efficient vehicles, coupled with a need to reduce the vehicle weight greatly influenced the employment of aluminium die casting parts in the UK automotive industry.
UK market for automotive parts aluminiumdie-casting will reach $273.98 million by 2020 from $210.94 million in 2015 at a slower CAGR of 5.37%. Companies such as Kemlows, Norfran Ltd., Daften, and MRT Castings are slowly expanding their product range and trying to gain their market share in the region.
The market is segmented based on the production process type, and by application type. In a nutshell, automobile makers are now focusing on collaborating with the part die casting manufacturers in order to produce fuel-efficient and lightweight automobiles.
UK market for automotive parts aluminiumdie-casting will reach $273.98 million by 2020 from $210.94 million in 2015 at a slower CAGR of 5.37%. Companies such as Kemlows, Norfran Ltd., Daften, and MRT Castings are slowly expanding their product range and trying to gain their market share in the region.
The market is segmented based on the production process type, and by application type. In a nutshell, automobile makers are now focusing on collaborating with the part die casting manufacturers in order to produce fuel-efficient and lightweight automobiles.
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