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Argentina Automotive Parts Aluminium Diecasting Market - Growth, Trends, Forecast (2020 - 2025)

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Argentina Automotive Parts Aluminium Diecasting Market

The automotive parts aluminum die casting market in Argentina is expected to grow at a CAGR of XX% over the coming 5 years. Upon a thorough understanding of Argentina’s automotive industry, it is suggested that the automakers get into long-term strategic partnerships with aluminum die casting players with raised inventory levels of aluminum. This is expected to secure supply for years to come. For a reduced cost of casting, the automotive players can get into a fixed price agreement with the aluminum die casting players.

Argentina’s market for automotive parts aluminum die casting is quite strategic due to its higher access to MERCOSUR countries. Furthermore, the industry will benefit from the various trade agreements in place with countries including Bolivia, Chile, Colombia, Peru, and Ecuador. However, during recent times, high borrowing costs, higher inflation, and tightening of credit availability have caused a drastic decline in automobile sales in the country. The industry-wide shut down during the FIFA World Cup has further added to the losses of the automotive industry.

The domestic auto parts promotion law in Argentina includes benefits for purchases of locally manufactured parts for domestic automobile manufacturing, internal combustion engines, gearboxes, and axis differential. Programa de Desarrollo de la Industria Autopatista Nacional, a national program launched to foster the local auto parts industry, is a good omen for the future of automotive parts die casting industry in Argentina, as the automotive industry is seeking parts that are lightweight and durable to incorporate fuel efficiency.

The market is segmented based on the production process type and application type. In a nutshell, automobile makers are now focusing on collaborating with the part die casting manufacturers in order to produce fuel-efficient and lightweight automobiles.

Some of the key players in the market are:

  • Castwel Autoparts Pvt. Ltd.
  • Endurance Group
  • Georg Fischer Ltd.
  • Gibbs Die Casting Group
  • Rockman Industries Ltd.
  • Sandhar Technologies Ltd.

 

What the Report Offers

  • This report on Argentina’s automotive parts aluminum die casting market analyzes the current market trends within Argentina in detail.
  • This report offers the technical aspects and economic data of the market and its forecast for the next 5 years (2015-2020).
  • It also discusses the latest technologies in the Argentina automotive aluminum die casting materials and parts that are under development and in the research pipeline.
  • This report provides the list of major players in the market and gives an in-depth analyst perspective of what makes the products and strategies of these players stand out.

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