Research and Markets: Latin America Automotive Parts Magnesium Die Casting Market – Growth, Trends, Forecast (2015-2020)
October 20, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/fbbs44/latin_america) has announced the addition of the “Latin America Automotive Parts Magnesium Die Casting Market – Growth, Trends, Forecast (2015-2020)” report to their offering.
Latin America has witnessed a considerable growth in the metallurgy and material die casting market over the past couple of years. Highly matured die casting market in North America and spiking automobile sector in the region were the major driving factors for the increasing Die Casting parts market in the country. Brazil and Argentina state and local governments have lured foreign investors by providing auto manufacturing industry with a variety of incentives such as free land, tax incentives, government-funded education programs and promises of infrastructural investment. This made the OEMs expand their manufacturing footprint beyond the traditional manufacturing zones in Latin America and they now are found to source individual parts, including die casting parts from the suppliers at cheaper prices. Protectionist policies in Brazil and Argentina are giving the local suppliers further competitive advantage in the region over suppliers located abroad.
The Latin America market for automobile parts die-casting is registered revenue $0.74 billion in 2014 and is expected to touch $1.10 billion by 2020 with an estimated CAGR of 6.85% over the forecasted period.
The market for magnesium die cast parts in Latin America automotive industry is expected to grow at a higher CAGR of 11.8% over the coming 5 years, while that of Zinc is expected to grow at a slower pace.
Rockman Industries, Castwel Auto parts Pvt. Ltd., Endurance Group, Dynacast, Sandhar Technologies Limited, Gibbs Die Casting Group and Die Casting Solution GmbH are some of the key players in the market. The market is segmented based on the production process type, by raw material type, by application type and by country type. In a nutshell, automobile makers are now focusing on collaborating with the part die casting manufacturers in order to produce fuel-efficient and lightweight automobiles at an effective price.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Key Players (Overview, Strategies, Developments, Analyst Perspective)
– Brabant Alucast
– Chicago White Metal Casting Inc.
– China Precision Diecasting
– Continental Casting Llc
– Georg Fischer Limited
– Gibbs Die Casting Group
– Kinetic Die Casting
– Magic Precision Inc.
– Meridian Lightweight Technologies
– Mk Group Of Companies
– Morimura Bros. Inc.
– Ortal Die Casting
– Pace Industries
– Ryobi Die Casting Inc.
– Shiloh Industries Inc.
– Sundaram Clayton Ltd.
– Twin City Die Casting Company
– Ningbo Parison Die Casting Co., Ltd.
– Pressure Die Casting (Pty) Ltd. (Africa)
– Rockman Industries Ltd.
– Ryobi Die Casting Inc.
– Sandhar Technologies Ltd.
– Sipra Engineers
– Sun Beam Auto Pvt. Ltd.
– Texas Die Casting
– Tyche Diecast Pvt. Ltd.
– Voit Automotive
– Zealous Automotive
For more information visit http://www.researchandmarkets.com/research/fbbs44/latin_america
View source version on businesswire.com: http://www.businesswire.com/news/home/20151020005790/en/
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Sector: Non Ferrous Metals
