Strong market growth

Experts predict that the die-casting structural parts market will continue to grow strongly in the next few years. The overall global demand for automotive die castings is expected to increase from 7.5 billion U.S. dollars in 2015 to nearly 12 billion U.S. dollars in 2021, and the average annual growth rate from 2018 to 2022 is expected to exceed 7.8%.

Industry faces challenges

Automobile manufacturers require suppliers not only to be punctual, but also to consistently deliver high-quality parts. And they hope that suppliers can set up factories to produce their own parts near the automakers. This requirement has become an influencing factor and challenge that the die casting plant must consider aluminum die casting machine

In addition, the "globalization" factor is also one of the challenges. Under globalization, mature auto suppliers must deal with the strong international competition brought about by active emerging companies.

Die-casting structural parts have large surface area and thin thickness, which is different from the production process of steel and aluminum plates and profiles. This has also become another challenge for the die casting plant.