Market Size of Mexico Automotive Parts Zinc Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Automotive Parts Zinc Die Casting Market Analysis
The Mexico automotive parts zinc die casting market is anticipated to register a CAGR of over 3%, during the forecast period (2020 - 2025).
- The usage of zinc die casting is almost 28% in the automotive industry, for applications, like inertia disks, retractor gears, etc., followed by the building and hardware sectors. Along with merits, like resistance, versatility, toughness, and low cost, zinc dies casting produces low-level emissions in air and water.
- In order to reduce automobile emissions and increase fuel efficiency, CAFÉ standards and EPA policies are driving the automakers to reduce the weight of the automobile, by employing lightweight non-ferrous metals. Employing die-cast parts as a weight reduction strategy is a major driver for the automotive segment of the market. Although heavier than aluminum, the lower cost of these parts and higher intricacy allowance make them more suitable in certain applications.
- As compared to other die casting parts, zinc die casting parts are usually equipped with better mechanical properties, like toughness, and offer higher surface finish and lower thermal shock during casting (as a result of their lower operating temperature).
- The market witnesses opportunities in the form of the increasing electric vehicle sales, which require higher density of lightweight components. Major companies, like Dynacast, are focusing on identifying affordable raw materials and alloys that offer better durability.
Mexico Automotive Parts Zinc Die Casting Industry Segmentation
The Mexico automotive parts zinc die casting market contains the latest trends and technological developments in the market, demand by production process type, and application type.
| Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Other Productino Process Types |
| Application Type | |
| Body Assemblies | |
| Engine Parts | |
| Transmission Parts | |
| Other Aplication Types |
Mexico Automotive Parts Zinc Die Casting Market Size Summary
The Mexico automotive parts zinc die casting market is poised for growth, driven by the increasing demand for lightweight components in the automotive industry. Zinc die casting is favored for its resistance, versatility, toughness, and cost-effectiveness, making it a suitable choice for applications like inertia disks and retractor gears. The push for reduced automobile emissions and improved fuel efficiency, in line with CAFÉ standards and EPA policies, has led automakers to adopt lightweight non-ferrous metals, with zinc die-cast parts offering a viable solution despite being heavier than aluminum. The market is further bolstered by the rise in electric vehicle sales, which necessitate a higher density of lightweight components. Companies like Dynacast are actively seeking affordable raw materials and alloys to enhance durability, capitalizing on the opportunities presented by the evolving automotive landscape.
Globally, the automotive industry is responding to stringent emission norms, such as the European Union's Euro VI standards and Japan's upcoming regulations, by exploring new technologies to reduce emissions. The shift from pressure die casting to vacuum die casting processes, known for their superior welding characteristics and mechanical strength, is gaining traction. Mexico's strategic position as a manufacturing hub, bolstered by its free trade agreement with the United States, has made it a significant player in the zinc die casting market. The country exports a substantial amount of manufactured dies to Europe, where the automotive industry is focused on reducing fuel consumption and CO2 emissions through lightweight designs. Key players in the Mexican market, including Dynacast, Brillcast Manufacturing LLC, and Sandhar Technologies Ltd, are investing in R&D and certification programs to maintain high-quality standards and enhance customer satisfaction.
Mexico Automotive Parts Zinc 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 Other Productino Process Types
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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 Zinc Die Casting Market Size FAQs
What is the current Mexico Automotive Parts Zinc Die Casting Market size?
The Mexico Automotive Parts Zinc Die Casting Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Mexico Automotive Parts Zinc Die Casting Market?
Sandhar Technologies Ltd, Brillcast Manufacturing LLC, Dynacast, Pace Industries and Ashok Minda Group are the major companies operating in the Mexico Automotive Parts Zinc Die Casting Market.
