Europe Automotive Casting Market 2022 Industry Trends | Growth Dynamics To 2027

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Europe Automotive Casting Market To Witness
Accelerated Growth by 2027
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• 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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• 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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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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