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 |
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.
Argentina Automotive Parts Aluminium Die Casting Industry Segmentation
Automotive parts aluminum die casting refers to the manufacturing process of producing various components used in vehicles, such as engine parts, transmission components, structural elements, and more, using the die casting method with aluminum as the primary material.
Argentina automotive parts aluminum die Casting market is segmented by production process type and application type. By production process type, the market is segmented into pressure die casting, vacuum die casting, squeeze die casting, and semi-solid die casting. By application type, the market is segmented into body assemblies, engine parts, transmission parts, and others. The report offers market size and forecasts in value (USD).
| Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Squeeze Die Casting | |
| Semi-Solid Die Casting |
| Application Type | |
| Body Parts | |
| Engine Parts | |
| Transmission Components | |
| Others |
Argentina Automotive Parts Aluminium Die Casting Market Size Summary
The Argentina automotive parts aluminum die-casting market is experiencing steady growth, driven by the country's established automotive sector. This market benefits from the widespread adoption of aluminum die casting in the automotive industry, which is favored for its efficiency, cost-effectiveness, and ability to produce lightweight components. These attributes are crucial for enhancing vehicle fuel efficiency and reducing CO2 emissions. The use of aluminum components, known for their durability and corrosion resistance, extends the lifespan of vehicles and minimizes the need for frequent replacements. Despite previous declines in demand due to socio-political factors, the passenger vehicle market in Argentina is poised for growth, supported by a diverse range of models and fuel types.
The transition to electric vehicles (EVs) is further propelling the demand for aluminum die casting, as aluminum's lightweight properties are ideal for EV components like motor housings and battery enclosures. This shift is aligned with the growing need for environmentally friendly vehicles that comply with stringent emissions standards. The market is characterized by fragmentation, with numerous players holding small shares. Prominent companies such as NEMAK, RYOBI Die Casting, KSPG AG, Interprex Holdings Ltd., and ALCOA Inc. are actively engaging in strategic partnerships to enhance their market presence. Innovations in aluminum alloys, such as those developed by Tesla, are also contributing to the market's evolution, offering high-performance solutions for automotive applications.
Argentina Automotive Parts Aluminium Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Rising Concern For Fuel Efficiency and Emissions Standards
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1.2 Market Restraints
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1.2.1 Supply Chain Disruptions
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value USD)
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2.1 Production Process Type
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2.1.1 Pressure Die Casting
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2.1.2 Vacuum Die Casting
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2.1.3 Squeeze Die Casting
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2.1.4 Semi-Solid Die Casting
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2.2 Application Type
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2.2.1 Body Parts
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2.2.2 Engine Parts
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2.2.3 Transmission Components
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2.2.4 Others
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Argentina Automotive Parts Aluminium Die Casting Market Size FAQs
What is the current Argentina Automotive Parts Aluminium Die Casting Market size?
The Argentina Automotive Parts Aluminium Die Casting Market is projected to register a CAGR of 5.68% during the forecast period (2024-2029)
Who are the key players in Argentina Automotive Parts Aluminium Die Casting Market?
Nemak, Ryobi Die Casting, KSPG AG , Interplex Holdings Ltd. and ALCOA Inc. are the major companies operating in the Argentina Automotive Parts Aluminium Die Casting Market.
