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(Wireless-NewsWire.Com, February 06, 2018 ) Envision Inteligence estimates that North America Automated Parts magnesium Die Casting market is projected to reach $2523.5 billion by the end of 2024 with a CAGR of 14.59% from $1348.5 billion in 2018.
Introduction:
Process used to manufacture the metal parts with high reliability and accuracy by the use of moulds is called die casting and is used in the different automotive companies to manufacture different parts. Magnesium die casting is die casting done by Magnesium metal which is reliable and efficient. The moulds which are prepared by magnesium die casting are having the advantages like full recyclability high electrical conductivity, exceptional damping capacity, high impact and dent resistance. So the markets related to magnesium die casting are having inclined growth.
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North America is the dominant regions after APAC in the markets dealing with the Automotive Parts magnesium die casting market as the regions of United states, Canada and Mexico contain many major key players who manufacture the vehicles frames, body assemblies and the engine parts.
Automated parts magnesium die casting markets are growing gradually because the large variety of raw materials are available in the form of semi-furnished forms, such as shape, castings, extrusions and sheet has become a major advantage to the die cast manufacturers and the products are manufactured with many technological advancements with increased efficiency and strength.
Key players in the market include:
• Chicago White Metal Casting Inc.
• Continental Casting Llc
• Twin City Die Casting Company
• Morimura Bros.
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Key pointers in the report include:
• Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysis are performed to comprehend the market dynamics and key companies’ position during the next five years.
• Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope for the market in end user industries.
• Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
• Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
• A complete 360 degree analysis including product portfolio, business portfolio, developmental strategies, key developments from the companies in the historical period for the key players operating in the market is included in the report.
• Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request. All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.
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