The market is expected to touch USD 864.33 million by 2020, with an estimated CAGR of 6.56% over the forecast period.
Argentina has witnessed a considerable growth in the metallurgy and material die casting market over the past couple of years. The highly mature die casting market in North America and growing automobile sector in the region are the major driving factors for the increasing die casting parts market in Argentina, where the state and local governments have lured foreign investors by providing the auto-manufacturing industry with a variety of incentives such as free land, tax incentives, government-funded education programs and promise of infrastructural investment. This has led OEMs to expand their manufacturing footprint beyond the traditional manufacturing zones in Latin America and sourcing the individual parts including die casting parts from the suppliers at cheaper prices. Protectionist policies in Argentina are giving the local suppliers further competitive advantage over suppliers located abroad.
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 significant step for the future of the automotive parts die casting industry in Argentina, as the automotive industry is seeking parts that are lightweight and durable to enhance fuel efficiency.
The market is segmented based on the production process type, raw material type, and application type. In a nutshell, automobile makers are now focusing on collaborating with the parts die casting manufacturers in order to produce fuel-efficient and lightweight automobiles at an effective price.
Some of the key players in the market are:
What the Report Offers
1.1 Research Methodology
1.2 Key findings of the study
1.3 Report Description
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
3.2 New Developments in R&D/ Latest Technologies
4. MARKET DYNAMICS
4.4 Porter's Five Forces Analysis
5. MARKET SEGMENTATION
5.1 By Production Process Type (Growth, Trends, and Feasibility of the manufacturing process)
5.1.1 Pressure die casting
5.1.2 Vacuum die casting
5.1.3 Squeeze die casting
5.1.4 Semi-solid die casting
5.2 By Raw Material Type (Growth, Innovations, and Durability)
5.3 By Application Type (Market crackdown, trends, and forecasts)
5.3.1 Body assemblies
5.3.2 Engine Parts
5.3.3 Transmission parts
6. COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most active companies in the past five years
6.5 Market Share Analysis
7. KEY PLAYERS (Overview, Strategies, Developments, Analyst Perspective)
7.1 Castwel Autoparts Pvt Ltd.
7.2 Die Casting Solutions GmbH
7.4 Endurance Group
7.5 Gibbs Die Casting Group
7.6 Kinetic Die Casting Company
7.7 Mino Industry USA, Inc.
7.8 Ningbo Parison Die Casting Co., Ltd.
7.9 Raltor Metal Technik India Pvt. Ltd.
7.10 Rockman Industries Ltd.
7.11 Ryobi Die Casting Inc.
7.12 Sandhar Technologies Limited
7.13 Sipra Engineers
7.14 Spark Minda, Ashok Minda Group
7.15 Sunbeam Auto Pvt. Ltd
7.16 Texas Die Casting
7.17 Tyche Diecast Private Limited