Market Size of South Africa Automotive Parts Aluminium Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Africa Automotive Parts Aluminium Die Casting Market Analysis
The South Africa automotive parts aluminium die casting market is expected to grow at a CAGR of over 5% during the forecasted period (2020 - 2025)
- South Africa is making a good contribution to the automotive industry with die-casting being support pillar for the market growth. Automotive industry is witnessing an upswing, with die casting makers their presence worth. Production of automobile has been witnessing a lucrative growth in France, with 2202460 vehicles manufactured in 2019 alone. Aluminium is the widely used raw material in automotive die-casting. Production standards have risen, as die casting features meticulous process types, making the market grow.
- Automotive lightening and energy saving trends are developing in this sectors and the automotive parts die-casting market grew in France, with much competitive technology in producing die cast automobile parts. The French market for automotive parts aluminium die casting is expected to touch $178.74 million in 2020 and is expected to see a upward trend during the forecasted period.
- However, volatility of aluminium prices, due to sanctions and trade wars between countries, and the increasing employment of zinc die casting, is acting as a major hindrance in the growth of the market studied.
South Africa Automotive Parts Aluminium Die Casting Industry Segmentation
The South Africa automotive parts aluminium die casting market report contains the latest trends and technological developments in the market, demand by production process type, application type, and share of major players across the country
| Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Other Productino Process Types |
| Application Type | |
| Body Assemblies | |
| Engine Parts | |
| Transmission Parts | |
| Other Aplication Types |
South Africa Automotive Parts Aluminium Die Casting Market Size Summary
The South Africa automotive parts aluminium die casting market is poised for significant growth, driven by the country's robust contribution to the automotive industry. The market benefits from the increasing production of vehicles and the rising demand for lightweight and energy-efficient automotive components. Aluminium die casting is a critical process in this sector, with advancements in technology enhancing production standards and efficiency. Despite challenges such as fluctuating aluminium prices and competition from zinc die casting, the market is expected to expand, supported by the growing automotive industry and the demand for electric vehicles. The vacuum die casting segment, in particular, is anticipated to experience substantial growth due to its ability to produce high-quality, weldable automotive parts.
South Africa stands as a key player in the African automotive parts aluminium die casting market, competing with countries like Germany and Italy. The country's economic growth and increasing disposable income among middle-class consumers are contributing to the rising demand for vehicles, which in turn fuels the need for aluminium die-casted parts. The market is characterized by intense competition among major players such as Lupton and Place, KSPG AG, and Endurance Group, who are actively pursuing strategies like acquisitions and new product development to strengthen their market positions. The consolidation of the market, coupled with strategic expansions by companies like Dynacast and Linamar, underscores the dynamic nature of the industry and its potential for continued growth in the coming years.
South Africa Automotive Parts Aluminium 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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South Africa Automotive Parts Aluminium Die Casting Market Size FAQs
What is the current South Africa Automotive Parts Aluminium Die Casting Market size?
The South Africa Automotive Parts Aluminium Die Casting Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in South Africa Automotive Parts Aluminium Die Casting Market?
Martinrea Honsel, Ryobi Die Casting, Georg Fischer, Rheinmetal Automotive and Buhler Group are the major companies operating in the South Africa Automotive Parts Aluminium Die Casting Market.
