Mexico Aluminum Casting Market Size & Outlook, 2022-2030
Mexico aluminum casting market, 2017-2030 (US$M)
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Mexico aluminum casting market highlights
- The Mexico aluminum casting market generated a revenue of USD 2,117.1 million in 2022 and is expected to reach USD 2,894.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4% from 2023 to 2030.
- In terms of segment, permanent mold casting was the largest revenue generating process in 2022.
- Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
Aluminum casting market data book summary
| Market revenue in 2022 | USD 2,117.1 million |
| Market revenue in 2030 | USD 2,894.2 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Permanent mold casting |
| Fastest growing segment | Die Casting |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Die Casting, Permanent Mold Casting, Other Processes |
| Key market players worldwide | Alcoa Corp, Ramaco Resources Inc Class A, Bravo Mining Corp, Redwire Corp, Georg Fischer AG, Dynatrace Inc Ordinary Shares, Gibb River Diamonds Ltd, Ryobi Ltd, Martinrea International Inc, Toyota Industries Corp, Aluminum Corp of China Ltd Class H |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.3% of the global aluminum casting market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aluminum casting market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 17,914.3 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico aluminum casting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum casting market will help companies and investors design strategic landscapes.
Permanent mold casting was the largest segment with a revenue share of 48.69% in 2022. Horizon Databook has segmented the Mexico aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
Mexico has presence of 26 lightweight vehicle plants that caters to OEMs such as Ford, Toyota, Honda, Mazda, BMW, Audi, Kia, and others. The operations of Mexico automotive industry were impacted in 2020 on account of COVID-19 pandemic.
For example, in July 2020, Ford faced shortages in the U.S. as the Chihuahua engine plant in Mexico was operating at 50% capacity owing to the COVID-19 pandemic. The situation is however recovering in the country with resumption in operations and new investments.
For instance, in January 2021, Volkswagen de México started operations to produce the new EA211 engine at its Silao plant, in Guanajuato. A sum of USD 233.5 million was invested in the new production line. The new investment will create more jobs in the region and benefit entire automotive cluster supply sector.
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Our clientele includes a mix of aluminum casting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into Mexico aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico aluminum casting market size, by process, 2017-2030 (US$M)
Mexico Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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