Market Size of Mexico 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 | 7.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Automotive Parts Aluminum Die Casting Market Analysis
The Mexico Automotive Parts Aluminum Die Casting Market is expected to register a CAGR of 7.5%.
Mexico is the seventh-largest producer of aluminum castings in the world. Aluminum die casting accounts for about 80% of the overall automotive parts die castings in the country. Mexico is developing in terms of metalworking industry processes, which is an industry directly linked to car and auto parts manufacturing.
The aluminum die casting industry is growing at a considerate rate in Nuevo Leon, Estado de Mexico, Distrito Federal, Coahuila, and Baja California regions.
The overall Mexican aluminum industry has been growing steadily, at a 13% annual rate, since 2011, and produces around 1.6% of the global production. The aluminum industry is of great importance to the Mexican economy, as the industry contributes to about USD 7 billion to the nation's GDP. The Mexican aluminum industry is likely to welcome technologies that can increase the capacity of recycling scrapped aluminum products, thus strengthening the overall value chain.
