The UK automotive parts aluminum die casting market has a bright future
In 2014, the UK automotive industry saw a year-on-year growth of 6.6%, with sales reaching a historic high of £ 69.5 billion. This phenomenon reflects the healthy development of the British automotive industry, commercial vehicle production, and supply chain. The continuous popularity of energy-saving vehicles and the significant impact of vehicle lightweighting have greatly affected the usage rate of aluminum die castings in the UK automotive industry.
The UK automotive aluminum die casting market is expected to grow from the current $210.94 million to $2739.8 million by 2020, with a compound annual growth rate of 5.37%. International companies such as Kemlows, Norfran Ltd., Daften, and MRT Castings are slowly expanding their product range and increasing market share.
Automobile manufacturers are focusing on collaborating with die-casting manufacturers to produce energy-efficient lightweight cars.