Brazil Automotive Parts Die Casting Market - Growth, Trends, Forecast (2015-2020) - Reportlinker Review

News provided by

Oct 19, 2015, 03:22 ET

NEW YORK, Oct. 19, 2015 /PRNewswire/ -- The Die Casting industry in Brazil is greatly controlled by the factors such as labor wages and electricity price, which are major issues for the automobile industry. However, in the context of Brazil, there seems to be a plenty of potential in the arena of energy saving and overall cost reduction, which can provide necessary impetus to the die casting industry. Key players such as Dynacast and Gibbs have employed resource tools to overcome these issues and now reap much higher benefits through reduction in their energy costs by almost 30-40%.

Brazil had 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 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 to expand their manufacturing footprint beyond the traditional manufacturing zones in South America and now are found to source the individual parts including die casting parts from the suppliers at cheaper prices. Protectionist policies in Brazil are giving the local suppliers further competitive advantage in the region over suppliers located abroad.

The Brazil market for automobile parts die-casting registered revenue $300 million in 2014 and is expected to touch $460 million by 2020 with an estimated CAGR of 7.14% over the forecasted period.

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 and by application 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.

Report offers the following:

This report on Brazil automotive parts die casting market, analyzes the current market trends of the industry in Brazil, in detail.
This report offers the technical aspects and economic data of the market and its forecast to the next 5 years (2015-2020).
It also discusses the latest technologies in the automotive die casting materials and parts that are under development and in research pipeline.
This report provides the list of major players in the market and gives an in depth analyst perspective of what makes the products and strategies of these players stand out from the pack.
This report gives an understanding of the automobile industry in Brazil and gives an in-depth analysis of what makes this region suitable for a profitable venture in the die casting sector that sources to the automobile industry.
Read the full report: http://www.reportlinker.com/p03320478-summary/view-report.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker reviews, finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001