Mexico Automotive Parts Zinc Die Casting Market Outlook 2031
The Mexico Automotive Parts Zinc Die Casting Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 3% during 2023–2031. The growth of the market is attributed to the growing domestic and international demand for low-cost and high-quality zinc die-cast components.
A die casting machine is a machine that uses high pressure to force molten metal into a recyclable die. Single cavity, multiple cavity, and combined dies are different types of dies. This procedure is used to make surface alloy and metal pieces that are precisely planned and designed, defined, polished, and patterned. Chassis, air valve, crankshaft & bracket, smart locks, and car appliances are examples of metal parts.
Additionally, the automobile industry, which uses zinc die casting for inertia discs, retractor gears, and other applications, accounts for more than 26% of all zinc die casting utilization, followed by the construction and hardware industries. Zinc die casting generates low-level emissions in air and water. The benefits of using zinc casting including high resistance, adaptability, and toughness and low cost.
Automotive Parts Zinc Die Casting Market Trends, Drivers, Restraints, and Opportunities
- Expanding demand for light-weight vehicles is expected to drive the Mexico automotive parts zinc die casting market.
- Rising trend of development of light weight metals in the automotive sector is boosting the market growth.
- The volatile prices of raw material can hamper the expansion of the die casting machine industry.
- Technological advancements in die casting machines are likely to provide attractive growth opportunities for the market during the projected period.
Scope of Automotive Parts Zinc Die Casting Market Report
The report on the Mexico automotive parts zinc die casting market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Parts Zinc Die Casting Market - Mexico Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Production Process Types (Vacuum Die Casting, Pressure Die Casting, and Others) and Application Types (Body Assemblies, Transmission Parts, Engine Parts, and Others)
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Country
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Mexico
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Dynacast; Pace Industries; Sandhar Technologies Ltd; Brillcast Manufacturing LLC; and Ashok Minda Group
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Mexico Automotive Parts Zinc Die Casting Market Segment Insights
Vacuum die casting segment is projected to expand at a healthy CAGR
On the basis of production process types, the market is segregated into vacuum die casting, pressure die casting, and others. The vacuum die casting segment is projected to expand at a healthy CAGR during the forecast period due to its better welding characteristics, higher mechanical strength, and lower gas porosity.
Moreover, transport businesses and fleet owners are putting a lot of efforts into developing technology that can cut the average emission rate. As a result of the implementation of emission rules in a number of countries, OEMs throughout the world are required to investigate new technologies that aid in the reduction of emissions in vehicles.
Engine parts segment is anticipated to account a significant market share.
Based on application types, the market is divided into body assemblies, transmission parts, engine parts, and others. The engine Parts segment is estimated to account for a significant market share during the forecast period owing to the expansion of the industrial and manufacturing sectors, as well as the development of light-weight vehicles.
Segments
The Mexico automotive parts zinc die casting market has been segmented on the basis of
Production Process Types
- Vacuum Die Casting
- Pressure Die Casting
- Others
Application Types
- Body Assemblies
- Transmission Parts
- Engine Parts
- Others
Country
Key Players
Competitive Landscape
Key players competing in the Mexico automotive parts zinc die casting market are Dynacast; Pace Industries; Sandhar Technologies Ltd; Brillcast Manufacturing LLC; and Ashok Minda Group. By investing in R&D projects and executing certification processes, the firms are concentrating on supplying high quality products to their clients.
For instance, Sandhar Technologies Ltd's goal is striving to be the market leader in its chosen processes and products, and is providing competitive rates to clients through new advancements and process standardization
Brillcast Manufacturing LLC developed a thorough certification program me for zinc die-cast factory operators in collaboration with local colleges. Employees are encouraged to be more productive at work, at home, and in their communities, and the corporation aims to offer an atmosphere that encourages them to the same.
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