A bright future for the UK auto parts aluminium die casting market
In 2014, the UK auto industry grew by 6.6% year-on-year, with sales of £69.5 billion hitting a record high. This phenomenon reflects the healthy development of the UK automotive industry, commercial vehicle production and supply chain. The continuous popularity of energy-saving vehicles and the lightweight of automobiles have greatly affected the utilization rate of aluminum die castings in the British automotive industry.
The UK automotive aluminum die casting market will grow from the current US$210.94 million to US$273.98 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 their market share.
Automakers are focusing on partnering with die-casting makers to produce energy-efficient, lightweight vehicles.
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