Middle East And Africa Automotive Parts Die Casting Market -Growth, Trends, Forecast (2015-2020)

 The automotive industry in Middle East and African countries such as South Africa is a global, super charged engine for the manufacture and export of vehicles and components. Major multinational firms are now using Sub-Saharan Africa and the middle-eastern countries to source components and assemble vehicles for the local and international markets. This is one of the major propelling factors for the growth of automotive parts die casting market in the region. BMW, Ford, General Motors, Mercedes Benz, Nissan, Renault, Toyota and Volkswagen have production plants in South Africa, while component manufacturers such as Arvin Exhaust, Bloxwitch, Corning, Senior Felxonics have established production bases here. The number of local manufacturers for automotive parts die-casting is on the rise in the middle-east countries such as Saudi Arabia, UAE, Oman and Iran, especially for pressure die casting products.

 
The Middle East and AFrica Automotive Parts Die-Casting Market registered revenue $0.45 billion in 2014 and is expected to touch $0.62 billion by 2020, with an estimated CAGR of 5.59% over the forecasted period.
 
The market is segmented based on the production process type, by raw material type, by application type and by geography type. The automobile makers in this region are now focusing on collaborating with the part die casting manufacturers in order to produce fuel-efficient and lightweight automobiles.
 
Report offers the following:
 
This report on Africa and Middle East automotive parts die casting market, analyzes the current market trends country wise and on a local scale, in detail.
This report offers the technical aspects and economic data of the market and its forecast to the next 5 years (2015-2020).
It also discusses the latest technologies in the automotive die casting materials and parts that are under development and in research pipeline.
This report provides the list of major players in the market and gives an in depth analyst perspective of what makes the products and strategies of these players stand out.
The report also gives an insight of the potential of the market in a particular country and details of local suppliers giving scope for a potential partnership.

Posted on : 29 Apr,2024 | News Source : ABNews

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