The Asia Oceania region is estimated to lead the metal casting market. It is also the fastest growing market from 2017 to 2025. The market growth in the region can be attributed to higher vehicle production owing to low production cost, increasing presence of established OEMs, increasing sales of premium vehicles as a result of rising disposable income, and increase in demand for lightweight materials.
With demand for lightweight automobiles and energy saving trends on the rise, the automotive parts die casting market has grown substantially in the Asia-Pacific region. Cheaper labor and low manufacturing costs in India and China have further propelled the growth of the market in these countries. The Chinese automobile sector is growing very fast and is poised to make its impact in the international trade arena.
Based on the information of the Industry 4.0 and Made in China 2025, the 2nd Global Casting Summit China 2018 will be launched in Shanghai, China from Oct 25th-26th, 2018. The summit will gather distinguished experts as well as industry leaders for a thorough analysis of the latest regulatory dynamics and industry integration, raw materials trends , casting for lightweight automotive ,smart and next generation casting in the industry 4.0 , castings technology together with good practice sharing in China and Japan to accelerate industry restructuring, upgrading and integration.