Market Size of Mexico Automotive Parts Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Automotive Parts Die Casting Market Analysis
The Mexican Automotive Die Casting Market is expected to register a CAGR of over 6% during the forecast period (2020 - 2025).
- The market studied is largely driven by supply chain complexities in the die casting industry, expanding the automotive market, increasing penetration of die casting parts within the current automotive industry, and future use of die casting in electric vehicles.
- The automotive industry has witnessed dramatic growth over the past couple of years. Owning to inviting new innovation, it has never restricted itself. At present, automotive manufacturers are striving to meet the targets for highly tensile chassis frames and strong automotive parts that are long-standing, lightweight and cost-effective.
- CAFÉ standards and EPA policies, to cut down the automobile emissions and increase fuel efficiency, are driving the automobile manufacturers to reduce the weight of the automobile, by using lightweight non-ferrous metals. Subsequently, the use of die-cast parts as a weight reduction strategy is acting as a major driver for the market studied.
- Rules imposed by the OSHA and the initiatives by the NADCA to improve the technical workforce in the die casting industry are expected to improve the overall production of the market studied.
The automobile industry is highly dependent on the Environment Protection Agency (EPA) regulations, owing to the high emissions of the automotive units. The move by the EPA to raise the miles per gallons (mpg) standards to 54.5 mpg by 2025, has actually helped the die casting industry, as the automotive industry concluded that the only way to get to those mileage standards is by manufacturing lightweight vehicles.
Mexico Automotive Parts Die Casting Industry Segmentation
Mexico Automotive Die Casting Market is segmented By Production Type (Pressure die-casting, Vacuum die-casting, Squeeze die-casting, Semi-solid die-casting), By Raw Material Type (Aluminum, Zinc, Magnesium, Others), and By Application Type (Body Assemblies, Engine Parts, Transmission Parts, Others)
| Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Squeeze Die Casting | |
| Semi-Solid Die Casting |
| Application Type | |
| Body Assemblies | |
| Engine Parts | |
| Transmission Parts | |
| Other Aplication Types |
Mexico Automotive Parts Die Casting Market Size Summary
The Mexican automotive parts die casting market is experiencing significant growth, driven by the complexities of supply chains within the die casting industry and the expanding automotive sector. The increasing use of die casting parts in the automotive industry, particularly in electric vehicles, is a key factor propelling this market forward. Automotive manufacturers are focusing on creating lightweight, durable, and cost-effective parts to meet stringent environmental regulations aimed at reducing emissions and improving fuel efficiency. The adoption of lightweight non-ferrous metals as a weight reduction strategy is a major driver for the market, supported by initiatives from organizations like OSHA and NADCA to enhance the technical workforce in the die casting industry.
The market is characterized by a shift from traditional pressure die casting to vacuum die casting processes, which offer better welding characteristics and higher mechanical strength. This transition is gradual but expected to continue, as vacuum die casting addresses issues like gas porosity. The Mexican market is highly fragmented, with numerous regional players and significant contributions from major global companies such as Nemak, Georg Fischer Automotive, and Ryobi Die Casting. These key players are investing in research and development to improve production processes and alloys, aiming to produce high-quality die cast parts for both automotive and industrial sectors. Their strategic expansions through mergers, partnerships, and acquisitions further bolster their market presence.
Mexico Automotive Parts Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters 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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2. MARKET SEGMENTATION
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2.1 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 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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2.2.4 Other Aplication Types
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Mexico Automotive Parts Die Casting Market Size FAQs
What is the current Mexico Automotive Parts Die Casting Market size?
The Mexico Automotive Parts Die Casting Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Mexico Automotive Parts Die Casting Market?
Castwel Auto Parts Pvt Ltd, Dynacast, Endurance Group, Gibbs Die Casting Group and Sandhar technologies Limited are the major companies operating in the Mexico Automotive Parts Die Casting Market.
