Market Size of Brazil Automotive Parts Aluminum Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.93 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Automotive Parts Aluminum Die Casting Market Analysis
The Brazil automotive parts aluminum die casting is valued at USD 1.12 billion in the current year and is anticipated to grow to USD 4.64 billion by the next five years, registering a CAGR of 5.93% in terms of revenue during the forecast period.
Brazil includes an aluminum consumption of 8.6 Kg per capita, while the world average is 11 kg. Brazil ranks 14th on the list for aluminum production across the world. With the increasing pollution levels around the world, carmakers are looking for lightweight components to reduce fuel consumption and curb the emission of harmful pollutants into the atmosphere. Aluminum provides weight savings of up to 50% compared to the traditional mild steel structure.
Aluminum contains equal or more superior strength and absorbs twice crash-induced energy. Lowering the vehicle weight will allow a downsizing engine, transmission, suspension, and wheels. OEMs are trying to reduce the weight of automobiles by employing lightweight, non-ferrous metals to meet the emissions regulations and policies. Using aluminum die-casting parts is adapted as the main strategy. Aluminium is a sustainable and resource-efficient material. It can be recycled, and the world average remains 45%. Aluminum pressure parts are later used in the recycling process to form aluminum alloys with very large applications.
