Mexico Aluminum Die Casting Market Size & Outlook
Mexico aluminum die casting market, 2017-2030 (US$M)
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Mexico aluminum die casting market highlights
- The Mexico aluminum die casting market generated a revenue of USD 901.2 million in 2022 and is expected to reach USD 1,380.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, pressure die casting was the largest revenue generating process in 2022.
- Pressure Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
Aluminum die casting market data book summary
| Market revenue in 2022 | USD 901.2 million |
| Market revenue in 2030 | USD 1,380.1 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Pressure die casting |
| Fastest growing segment | Pressure Die Casting |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pressure Die Casting |
| Key market players worldwide | Aluminum Corp of China Ltd Class H, Amsted Industries, Confluent Inc Class A, Georg Fischer AG, Martinrea International Inc, Madison Industries, Ryobi Ltd |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global aluminum die 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 die 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 14,072.0 million by 2030.
Pressure die casting was the largest segment with a revenue share of 78.21% in 2022. Horizon Databook has segmented the Mexico aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
Mexico is a lucrative market for aluminum die casting as it is attracting various investors and manufacturers owing to good business climate, new political reforms, increased trade, and improved government stability. However, the country was hard hit by the COVID-19 pandemic in 2020 and the severity of the impact is reflected by the decline of 21% in automotive production in the same year.
Before COVID-19, Mexico was an attractive market in terms of foreign direct investments (FDIs). According to the Ministry of Economy, the country received FDI worth USD 32,921 million in 2019. The FDI inflow was mainly in manufacturing sector, followed by financial and insurance services, wholesale and retail trade, communication, mining, and electricity, water, and gas supply.
As the economy recovers, manufacturers from different industries are eyeing Mexico for investments, which is anticipated to be beneficial for the economy and aluminum die casting market growth over the coming years.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico aluminum die casting market size, by process, 2017-2030 (US$M)
Mexico Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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