Dublin, July 01, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific Automotive Gigacasting Market: Focus on Application, Locking Force, and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific automotive gigacasting market was valued at $43.1 million in 2023, and it is expected to grow at a CAGR of 49.11% and reach $2.34 billion by 2033. The market is in its early stages but is anticipated to see consistent growth. Companies that invest in research, infrastructure, and strategic partnerships are likely to benefit from the rising demand within the automotive gigacasting industry.
The Asia-Pacific automotive gigacasting market is poised for significant growth, driven by the region's robust automotive manufacturing sector and increasing demand for electric vehicles (EVs). Gigacasting, a process that allows the production of large single-piece metal castings, is revolutionizing car manufacturing by reducing vehicle weight, enhancing structural integrity, and lowering production costs.
Key players in countries like China, Japan, and South Korea are investing heavily in advanced gigacasting technologies and infrastructure. These investments are supported by favorable government policies and incentives aimed at promoting sustainable automotive innovations. As a result, the APAC region is expected to become a leading hub for gigacasting, driving efficiency and innovation in the automotive industry.
How can this report add value to an organization?
Product/Innovation Strategy: The product strategy helps the readers understand the different aftermarket solutions provided by the industry participants.
Growth/Marketing Strategy: The automotive gigacasting market is growing at a significant pace and holds enormous opportunities for market players. Some of the strategies covered in this segment are product launches, partnerships, collaborations, business expansions, and investments.
Competitive Strategy: The key players in the Asia-Pacific automotive gigacasting market analyzed and profiled in the study include automotive gigacasting machine manufacturers. Moreover, a competitive landscape of the players operating in the automotive gigacasting market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as launches, synergies, and mergers and acquisitions will aid the reader in understanding the untapped revenue pockets in the market.
Industry Outlook
- Trends: Current and Future Impact Assessment
- The Growing Adoption of Gigacasting for EV Parts
- Achieving Cost Savings through Consolidated Body Module Casting
- Supply Chain Overview
- Value Chain Analysis
- Market Map
- Pricing Forecast
- Research and Development
- Patent Filing Trend
- Regulatory Landscape
- Stakeholder Analysis
- Use Case
- End User and Buying Criteria
- Impact Analysis for Key Global Events: COVID-19 and Russia/Ukraine War
- Comparative Analysis of Traditional Die Casting and Gigacasting Technique
- Automotive OEMs Embracing Gigacasting Technology for Enhanced Manufacturing
- Market Dynamics Overview
- Market Drivers
- Market Restraints
- Market Opportunities
Competitive Landscape and Company Profiles
- Company Overview
- Top Products/Product Portfolio
- Top Competitors
- Target Customers
- Key Personnel
- Market Share
- Analyst View
- HAITIAN DIE CASTING
- Huachen Precision Manufacturing Co.,Ltd
- L.K. Technology Holdings Limited
- Shibaura Machine CO., LTD.
- SUZHOU SANJI FOUNDRY EQUIPMENT CO.,LTD.
- Yizumi Holdings Co., Ltd.
- ZITAI PRECISION MACHINERY CO., LTD.
Market Segmentation:
Application
- Body Part
- Engine Part
- Transmission Part
- Others
Locking Force
- 10,000 kN to 30,000 kN
- 30,000 kN to 60,000 kN
- Above 60,000 kN
Country
- China
- Japan
- South Korea
- Rest-of-Asia-Pacific
For more information about this report visit https://www.researchandmarkets.com/r/clqbg9
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