Market Size of Mexico Automotive Parts Aluminum Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Automotive Parts Aluminum Die Casting Market Analysis
The Mexico Automotive Parts Aluminum Die Casting Market is expected to register a CAGR of 7.5%.
Mexico is the seventh-largest producer of aluminum castings in the world. Aluminum die casting accounts for about 80% of the overall automotive parts die castings in the country. Mexico is developing in terms of metalworking industry processes, which is an industry directly linked to car and auto parts manufacturing.
The aluminum die casting industry is growing at a considerate rate in Nuevo Leon, Estado de Mexico, Distrito Federal, Coahuila, and Baja California regions.
The overall Mexican aluminum industry has been growing steadily, at a 13% annual rate, since 2011, and produces around 1.6% of the global production. The aluminum industry is of great importance to the Mexican economy, as the industry contributes to about USD 7 billion to the nation's GDP. The Mexican aluminum industry is likely to welcome technologies that can increase the capacity of recycling scrapped aluminum products, thus strengthening the overall value chain.
Mexico Automotive Parts Aluminum Die Casting Industry Segmentation
The Mexico Automotive Parts Aluminum Die Casting Market report covers the growing demand and adoption of aluminum die castings in the country’s Automotive Sector, Technological developments, Latest Product Developments, and market shares of players operating in the market. The scope of the report includes:
| By Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Squeeze Die Casting | |
| Semi-solid Die Casting |
| By Application Type | |
| Body Assemblies | |
| Engine Parts | |
| Transmission Parts |
Mexico Automotive Parts Aluminum Die Casting Market Size Summary
The Mexico Automotive Parts Aluminum Die Casting Market is experiencing significant growth, driven by the country's position as a leading producer of aluminum castings globally. The industry is closely linked to the automotive sector, with aluminum die casting representing a substantial portion of automotive parts manufacturing. Regions such as Nuevo Leon, Estado de Mexico, Distrito Federal, Coahuila, and Baja California are key areas for this industry's expansion. The Mexican aluminum industry, contributing significantly to the national GDP, is poised to adopt advanced technologies to enhance recycling capabilities, thereby strengthening the value chain. Innovations in die casting processes, such as ultra-high-vacuum techniques, are improving the quality and weldability of automotive components, although the transition from traditional methods is gradual due to existing production efficiencies.
The demand for reliable and high-quality transmission parts in automobiles underscores the importance of advanced die casting techniques. The shift towards vacuum die casting is gaining traction, as it minimizes porosity issues, enhancing the integrity of components like valve bodies and clutch pistons. Major manufacturers in Mexico, including Nemak, Bocar, and Dynacast, are expanding their production capacities to meet both domestic and international demands, particularly in Europe and East Asia. The growth of the Mexican automotive industry has led to an increase in the number of suppliers, supporting the trend towards lightweight and durable aluminum parts. This market dynamic is expected to continue evolving, with a focus on high-pressure die casting methods to meet the rising demand for robust automotive components.
Mexico Automotive Parts Aluminum Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Current Market Scenario
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1.2 Technology Trends
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1.3 Industry Attractiveness - Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Market Drivers
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1.5 Market Restraints
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2. MARKET SEGMENTATION
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2.1 By Production Process Type
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2.1.1 Pressure Die Casting
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2.1.2 Vacuum Die Casting
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2.1.3 Squeeze Die Casting
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2.1.4 Semi-solid Die Casting
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2.2 By Application Type
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2.2.1 Body Assemblies
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2.2.2 Engine Parts
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2.2.3 Transmission Parts
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Mexico Automotive Parts Aluminum Die Casting Market Size FAQs
What is the current Mexico Automotive Parts Aluminum Die Casting Market size?
The Mexico Automotive Parts Aluminum Die Casting Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Mexico Automotive Parts Aluminum Die Casting Market?
Dynacast, Nemak, Bocar, S.A. de C.V.,, Ryobi Die Casting and Sandhar Technologies Limited are the major companies operating in the Mexico Automotive Parts Aluminum Die Casting Market.
