Market Size of Argentina 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 | 5.68 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Automotive Parts Aluminium Die Casting Market Analysis
The Argentina automotive parts aluminum die-casting market is estimated to be valued at 579.62 million in the current year. It is expected to reach 741.34 million by the end of the forecast period, registering a CAGR of 5.68% during the forecast period.
The automotive parts aluminum die casting market in Argentina showed steady growth in line with the country's automotive industry. Argentina includes a well-established automotive sector, which drove the demand for aluminum die-cast components.
Aluminum die casting is a widely adopted technique in the automotive industry due to its efficiency, cost-effectiveness, and ability to produce components. It contributes to vehicle lightweighting and improved fuel efficiency, thus reducing CO2 emissions.
Aluminum components are known for their durability and resistance to corrosion. When used in automotive applications, they can extend the overall lifespan of vehicles, reducing the need for more frequent replacements and the associated emissions from manufacturing new parts.
