Market Forecast By Machine Type (Cold Chamber Die Casting Machines, Hot Chamber Die Casting Machines), By Industry (Automotive, 3C Industry, Other Industries), By Raw Material (Aluminum, Magnesium, Other Raw Materials) And Competitive Landscape
Product Code: ETC289683 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Mexico Die Casting Machinery Market report thoroughly covers the market by Machine Type, Industry, and Raw Material. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Mexico die casting machinery market is witnessing significant growth due to the country's strong manufacturing sector and increasing demand for lightweight, high-quality products in various industries. Die casting technology offers numerous advantages such as precise and complex product designs, shorter production cycles, and cost efficiency, making it a preferred choice for manufacturers.
According to 6Wresearch, Mexico Die Casting Machinery Market size is expected to grow at a significant CAGR of 4.2% during 2025-2031. The Mexico die casting machinery market is primarily driven by the country's thriving manufacturing sector, which has a significant demand for high-quality and lightweight products. Die casting technology offers precise and intricate product designs, shorter production times, and cost efficiency compared to other methods, making it a preferred choice for manufacturers. The automotive industry's increasing adoption of die-cast components due to the growing demand for fuel-efficient vehicles is also a major driver of the market. Furthermore, government initiatives and investments in advanced manufacturing technologies further promote market growth.
Mexico die casting machinery market faces some challenges that could hinder its growth. The fluctuation of raw material prices, particularly aluminum and zinc, which are commonly used in the die casting process, can significantly impact manufacturing costs and profitability. Another challenge is the increasing competition from alternative casting methods such as 3D printing and investment casting. These methods offer similar benefits but at a lower cost, making them attractive alternatives for manufacturers. Additionally, the shortage of skilled labor and technical expertise in die casting machinery operation and maintenance poses a challenge for market players.
Key players in the Mexico die casting machinery market include Bühler AG, Toshiba Machine Co., Ltd, and Italpresse Gauss, noted for their innovation, comprehensive service offerings, and focus on sustainable production solutions. These companies are instrumental in advancing die casting technologies and meeting the diverse needs of the Mexican manufacturing sector.
The Mexican government has implemented various initiatives and policies to support the growth of the die casting machinery market. One such initiative is the National Program for Sustainable Production, which aims to promote sustainable manufacturing practices and technology adoption in industries. The program includes measures such as tax incentives for companies using environmentally friendly production methods and subsidies for purchasing energy-efficient equipment. Another policy, the National Plan for the Aerospace Industry, provides support for the aerospace sector's development and encourages investment in advanced technologies like die casting. Additionally, the PRODIAT program offers technical assistance and training to small and medium-sized enterprises in implementing sustainable production processes, including die casting. These initiatives showcase the government's commitment to promoting a thriving manufacturing sector and encouraging technological advancements in Mexico.
According to Ravi Bhandari, Research Head, 6Wresearch, In the Mexico die casting machinery market, the cold chamber die casting machines segment is witnessing significant growth within the machine type category. Cold chamber machines are widely preferred for their versatility in producing intricate and high-precision components across various industries, including automotive, aerospace, and consumer electronics. The increasing demand for lightweight and complex parts in the Mexican manufacturing sector has driven the adoption of cold chamber die casting machines, which offer superior dimensional accuracy and surface finish compared to hot chamber machines.
Within the industry segment, the automotive sector is a major growth driver for the Mexico die casting machinery market. The automotive industry's continuous pursuit of lightweight and high-performance components has fueled the demand for die casting solutions. Die-cast parts, such as engine components, transmission housings, and structural components, offer superior strength-to-weight ratios and cost-effectiveness.
In the Mexico die casting machinery market, the aluminum segment is experiencing notable growth within the raw material category. Aluminum is a preferred material for die casting due to its lightweight properties, high strength-to-weight ratio, corrosion resistance, and excellent thermal conductivity. The increasing emphasis on energy efficiency and emission reduction in various industries has driven the demand for aluminum die-cast components, which contribute to weight reduction and improved fuel efficiency.
The report offers a comprehensive study of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Mexico Die Casting Machinery Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Die Casting Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 Mexico Die Casting Machinery Market - Industry Life Cycle |
3.4 Mexico Die Casting Machinery Market - Porter's Five Forces |
3.5 Mexico Die Casting Machinery Market Revenues & Volume Share, By Machine Type, 2021 & 2031F |
3.6 Mexico Die Casting Machinery Market Revenues & Volume Share, By Industry, 2021 & 2031F |
3.7 Mexico Die Casting Machinery Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
4 Mexico Die Casting Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Die Casting Machinery Market Trends |
6 Mexico Die Casting Machinery Market, By Types |
6.1 Mexico Die Casting Machinery Market, By Machine Type |
6.1.1 Overview and Analysis |
6.1.2 Mexico Die Casting Machinery Market Revenues & Volume, By Machine Type, 2021 - 2031F |
6.1.3 Mexico Die Casting Machinery Market Revenues & Volume, By Cold Chamber Die Casting Machines, 2021 - 2031F |
6.1.4 Mexico Die Casting Machinery Market Revenues & Volume, By Hot Chamber Die Casting Machines, 2021 - 2031F |
6.2 Mexico Die Casting Machinery Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 Mexico Die Casting Machinery Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.3 Mexico Die Casting Machinery Market Revenues & Volume, By 3C Industry, 2021 - 2031F |
6.2.4 Mexico Die Casting Machinery Market Revenues & Volume, By Other Industries, 2021 - 2031F |
6.3 Mexico Die Casting Machinery Market, By Raw Material |
6.3.1 Overview and Analysis |
6.3.2 Mexico Die Casting Machinery Market Revenues & Volume, By Aluminum, 2021 - 2031F |
6.3.3 Mexico Die Casting Machinery Market Revenues & Volume, By Magnesium, 2021 - 2031F |
6.3.4 Mexico Die Casting Machinery Market Revenues & Volume, By Other Raw Materials, 2021 - 2031F |
7 Mexico Die Casting Machinery Market Import-Export Trade Statistics |
7.1 Mexico Die Casting Machinery Market Export to Major Countries |
7.2 Mexico Die Casting Machinery Market Imports from Major Countries |
8 Mexico Die Casting Machinery Market Key Performance Indicators |
9 Mexico Die Casting Machinery Market - Opportunity Assessment |
9.1 Mexico Die Casting Machinery Market Opportunity Assessment, By Machine Type, 2021 & 2031F |
9.2 Mexico Die Casting Machinery Market Opportunity Assessment, By Industry, 2021 & 2031F |
9.3 Mexico Die Casting Machinery Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
10 Mexico Die Casting Machinery Market - Competitive Landscape |
10.1 Mexico Die Casting Machinery Market Revenue Share, By Companies, 2024 |
10.2 Mexico Die Casting Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |