Automotive Parts Magnesium Die Casting Market Segmented By Production Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Gravity Die Casting), By Application (Body Parts, Engine Parts, Transmission Parts, and Other Applications), By Region, By Competition Forecast & Opportunities, 2018-2028F

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 5.22 billion

CAGR (2023-2028)

7.2%

Fastest Growing Segment

Pressure Die Casting

Largest Market

Asia-Pacific


Market Overview

The Automotive Parts Magnesium Die Casting Market size reached USD 5.22 billion in 2022 and is expected to reach USD 7.86 billion by 2028.

The global automotive parts magnesium die casting market has emerged as a critical segment within the automotive manufacturing industry, driven by the unique properties of magnesium as a lightweight and durable material. Magnesium die casting plays a pivotal role in producing a wide range of automotive components, contributing to vehicle weight reduction, improved fuel efficiency, and overall performance enhancement.

The market's growth is primarily fueled by the automotive industry's continuous pursuit of weight reduction to meet stringent emission regulations and consumer demands for more fuel-efficient vehicles. Magnesium's remarkable strength-to-weight ratio makes it an ideal material choice for manufacturing components like engine blocks, transmission cases, and structural components. This trend aligns with automakers' efforts to achieve better fuel economy and reduce the carbon footprint of vehicles.

Furthermore, the global trend toward electric vehicles (EVs) has further catalyzed the demand for magnesium die-cast automotive parts. EV manufacturers prioritize lightweight designs to maximize battery efficiency and extend driving range. Magnesium's lightweight properties contribute to these objectives by enabling EVs to balance the weight of the battery pack, electric motors, and other components. As the EV market continues to expand, the demand for magnesium die-cast parts is expected to grow correspondingly.

Additionally, advancements in magnesium die casting technology have played a significant role in shaping the market's growth trajectory. Improved casting techniques, such as high-pressure die casting (HPDC) and vacuum-assisted high-pressure die casting (VHPDC), have enabled the production of intricate and high-quality components with minimal defects. These advancements ensure that magnesium parts meet stringent quality and safety standards, positioning them as reliable alternatives to traditional materials like aluminum and steel. However, challenges such as magnesium's susceptibility to corrosion and the need for specialized protective coatings must be addressed. Moreover, the automotive parts magnesium die casting market is influenced by cost considerations, as magnesium's production and processing can be more expensive than traditional materials. Nonetheless, the long-term benefits of weight reduction and improved vehicle performance often outweigh the initial investment.

the global automotive parts magnesium die casting market is characterized by the vital role that lightweight magnesium components play in enhancing vehicle performance, fuel efficiency, and the evolution of electric mobility. As the automotive industry continues to evolve to meet environmental regulations and consumer preferences, the demand for high-quality magnesium die-cast parts is poised to remain strong, driven by the ongoing emphasis on innovation, sustainability, and enhanced driving experiences.

Key Market Drivers

Stringent Emission Regulations and Fuel Efficiency

One of the primary drivers of the automotive parts magnesium die casting market is the stringent emission regulations imposed by governments worldwide. Automakers are tasked with reducing the carbon footprint of their vehicles and improving fuel efficiency to meet these regulations. Magnesium's remarkable strength-to-weight ratio positions it as an exceptional material choice for manufacturing lightweight components, contributing to overall vehicle weight reduction and subsequently enhancing fuel efficiency. The demand for magnesium die-cast parts is further fueled by the automotive industry's continuous efforts to achieve better fuel economy and lower emissions, making it a critical driver of market growth.

Transition to Electric Mobility

The global shift toward electric vehicles (EVs) has significantly impacted the automotive parts magnesium die casting market. EV manufacturers are keen on minimizing the weight of electric powertrains, battery packs, and other components to extend driving range and optimize battery efficiency. Magnesium's lightweight properties make it an ideal solution for reducing the overall weight of EVs without compromising structural integrity. As the demand for EVs continues to surge, the need for magnesium die-cast components for lightweighting becomes paramount, driving growth in the market.

Advancements in Die Casting Technology

The continuous advancements in die casting technology have played a crucial role in propelling the automotive parts magnesium die casting market. Techniques such as high-pressure die casting (HPDC) and vacuum-assisted high-pressure die casting (VHPDC) have revolutionized the production process, enabling the creation of intricate and high-quality components with minimal defects. These techniques ensure that magnesium parts meet stringent quality and safety standards, positioning them as reliable alternatives to conventional materials like aluminum and steel. The improvements in die casting technology have expanded the scope of applications for magnesium components, further boosting the market's growth prospects.

Focus on Lightweight Design

The industry's growing emphasis on lightweight design to enhance vehicle performance and handling is another key driver. Magnesium's unique combination of strength and low weight has made it a favored material for manufacturing critical automotive components, including engine blocks, transmission housings, and suspension components. These lightweight components contribute to improved vehicle dynamics, responsiveness, and overall driving experience. As automakers increasingly recognize the value of lightweight design, the demand for magnesium die-cast parts is expected to escalate, driving market growth.

 

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Key Market Challenges

Corrosion and Environmental Concerns a Significant Obstacle To Market Expansion

One of the primary challenges in the automotive parts magnesium die casting market is magnesium's susceptibility to corrosion, especially in harsh environments. Magnesium is inherently more reactive than materials like aluminum and steel, making it vulnerable to corrosion when exposed to moisture, salt, and other corrosive elements. Manufacturers need to invest in advanced corrosion-resistant coatings and treatments to ensure the longevity and durability of magnesium components. Addressing corrosion challenges is essential to ensure the long-term reliability and performance of magnesium die-cast parts, particularly in regions with challenging weather conditions.

Cost Considerations Is One of The Major Threat to Market Expansion

While magnesium offers numerous advantages, including weight reduction and improved performance, its production and processing can be more expensive than traditional materials like aluminum or steel. The cost of magnesium alloy feedstock, as well as the specialized equipment and processes required for die casting, can contribute to higher manufacturing costs. To remain competitive, manufacturers must find ways to optimize production processes, reduce waste, and improve operational efficiency. Balancing the benefits of weight reduction and performance enhancements against the initial investment is a critical challenge that the industry must navigate.

Limited Supply and Recycling Infrastructure

The availability of high-quality magnesium feedstock is another challenge facing the automotive parts magnesium die casting market. While magnesium is abundant in nature, extracting and refining it to meet the stringent requirements of the automotive industry can be complex and energy-intensive. Moreover, the lack of well-established recycling infrastructure for magnesium alloys poses challenges for sustainable manufacturing practices. Developing efficient recycling processes is crucial to minimize the environmental impact of magnesium die casting and ensure a continuous supply of raw materials. Overcoming these challenges requires collaborative efforts across the supply chain to establish reliable sourcing and recycling practices.

The global automotive parts magnesium die casting market offers significant opportunities for lightweighting and improved vehicle performance, it also faces challenges related to corrosion, cost considerations, and raw material supply. Addressing these challenges requires a multi-faceted approach that involves advancements in corrosion-resistant coatings, cost-effective manufacturing techniques, and sustainable sourcing and recycling practices. As the industry works to overcome these hurdles, magnesium die-cast components have the potential to contribute significantly to the automotive sector's goals of enhanced efficiency, reduced emissions, and improved driving experiences.

Environmental Considerations

Magnesium's lightweight properties make it an attractive choice for automotive components as it contributes to fuel efficiency and reduced emissions. However, the environmental considerations associated with magnesium are multifaceted. The extraction and processing of magnesium can be energy-intensive and require significant resources. Mining magnesium ores, such as magnesite or dolomite, involves processes like heating, electrolysis, and carbon emissions. These processes can lead to environmental impacts including greenhouse gas emissions, resource depletion, and habitat disruption. Addressing these concerns requires a proactive approach to sustainability. Manufacturers need to explore ways to minimize the environmental footprint of magnesium production. This can include adopting cleaner extraction methods, optimizing energy consumption during processing, and exploring recycling options to reduce the demand for primary magnesium production. As the automotive industry increasingly emphasizes eco-friendly practices, finding sustainable solutions for magnesium sourcing and processing becomes a critical challenge to overcome.

Limited Material Availability and Cost

The limited availability of magnesium resources compared to other metals like aluminum presents a challenge in terms of material supply and cost stability. Magnesium extraction and production capacity are lower than other metals, leading to potential supply constraints and price fluctuations. The global market for magnesium is also influenced by factors such as geopolitical events and economic dynamics.

This challenge affects the cost-effectiveness of magnesium die casting. Manufacturers need to carefully manage their material sourcing strategies to secure a consistent supply while mitigating the impact of price fluctuations. This can involve building relationships with multiple suppliers, exploring alternative sourcing options, and negotiating stable supply contracts. Additionally, manufacturers may need to optimize their production processes to minimize material wastage and maximize the value extracted from each unit of magnesium used.

Balancing material availability, cost considerations, and production efficiency is essential for the long-term viability of magnesium die casting within the automotive industry. Collaborating with suppliers, closely monitoring market trends, and adopting flexible sourcing strategies can help manufacturers navigate the challenges posed by limited material availability and cost fluctuations.

Key Market Trends

Growing Embrace of Lightweighting

One of the prominent trends in the automotive industry is the growing emphasis on lightweighting to enhance vehicle performance, fuel efficiency, and sustainability. Magnesium's exceptional strength-to-weight ratio positions it as a prime candidate for replacing heavier materials like steel and aluminum in various automotive applications. As automakers seek to meet stringent emission regulations and consumer demands for fuel-efficient vehicles, the adoption of magnesium die-cast components is rising. This trend aligns with the industry's goal to reduce overall vehicle weight while maintaining structural integrity and safety standards.

Advancements in Die Casting Technology

The evolution of die casting technology is another key trend shaping the automotive parts magnesium die casting market. High-pressure die casting (HPDC) and vacuum-assisted high-pressure die casting (VHPDC) techniques have evolved, enabling the production of complex and high-quality magnesium components with minimal defects. These advancements enhance the overall quality, precision, and reliability of magnesium die-cast parts, making them suitable for critical applications such as engine blocks, transmission cases, and structural components. As die casting technology continues to evolve, it paves the way for expanding the scope of magnesium's use in the automotive sector.

Customization and Design Flexibility

The trend toward customization and design flexibility in vehicles is driving the demand for magnesium die-cast components. Magnesium's excellent castability allows manufacturers to create intricate and geometrically complex shapes, enabling innovative designs that cater to both aesthetic and functional requirements. Automakers can leverage this flexibility to optimize component layouts, integrate advanced features, and improve vehicle ergonomics. Additionally, the ability to produce lightweight yet durable components allow for greater design freedom while maintaining safety and performance standards.

Sustainability and Recycling Initiatives

Sustainability is a driving force in the automotive industry, and it extends to magnesium die casting. Manufacturers are exploring eco-friendly production methods and emphasizing the recyclability of magnesium components. This aligns with both regulatory requirements and consumer preferences for environmentally responsible products. The trend toward sustainable practices highlights the industry's commitment to reducing the environmental impact of automotive manufacturing.

Collaborative Research and Development

Collaborative partnerships between manufacturers, material suppliers, and research institutions are becoming increasingly prevalent. This trend fosters joint efforts to overcome challenges related to magnesium die casting, such as corrosion prevention, design complexities, and efficient production processes. By pooling expertise and resources, stakeholders can accelerate the development of innovative solutions, enhancing the overall competitiveness of magnesium die-cast components.

Segmental Insights

One of the lightest and ductile metals utilized in alloy die casting and machining is magnesium. The market for magnesium die cast automotive components has been divided based on location, application, and production method.

The market is divided into Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Gravity Die Casting based on the production method. The market is divided into Body Parts, Engine Parts, Gearbox Parts, and Other Applications based on the application. The market is divided into four regions based on geography: North America, Europe, Asia-Pacific, and Rest of World. The market size in dollars (USD Billion) for each of the segments is covered in the report.

Geographical segmentation offers insights into regional variations in market trends and demands. Different regions have varying levels of automotive manufacturing, technological adoption, and regulatory standards. Developed regions like North America and Europe are early adopters of magnesium die casting due to their mature automotive industries. Emerging markets in Asia-Pacific are experiencing increased adoption driven by economic growth and a shift toward EVs. South America and the Middle East show potential for growth due to infrastructure development and industrial expansion.

 

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Regional Insights

North America's automotive parts magnesium die casting market benefits from the region's well-established automotive industry and technological prowess. The United States and Canada are key players in adopting lightweight materials to meet stringent emission regulations and enhance fuel efficiency. The prevalence of electric vehicles (EVs) and the drive toward sustainable transportation further amplify the demand for magnesium die-cast components. Additionally, the region's focus on innovation and research contributes to advancements in die casting technology, ensuring the production of high-quality magnesium parts.

Europe boasts a mature automotive market known for its engineering excellence and commitment to sustainability. European automakers are at the forefront of adopting magnesium die casting to reduce vehicle weight and carbon emissions. The region's stringent emission regulations and emphasis on electric mobility drive the demand for lightweight components in EVs. European countries like Germany and Italy are known for their expertise in advanced manufacturing techniques, contributing to the growth of magnesium die casting technologies. As the automotive sector evolves toward cleaner and more efficient vehicles, Europe remains a significant hub for magnesium die casting adoption.

The Asia-Pacific region is witnessing a surge in the adoption of automotive parts magnesium die casting, driven by its thriving automotive industry, economic growth, and technological innovation. Countries such as China, Japan, and South Korea are home to major automotive manufacturers and suppliers that prioritize lightweighting to enhance vehicle performance and fuel efficiency. China's aggressive push toward electric mobility amplifies the demand for magnesium components in EVs. Additionally, the region's expertise in manufacturing and supply chain management contributes to cost-effective production of magnesium die-cast parts, making it a crucial player in the global market.

The Middle East and Africa region are gradually embracing magnesium die casting within the automotive sector, driven by economic growth, industrialization, and infrastructure development. While the automotive industry is still evolving in this region, the construction and logistics sectors drive the demand for commercial vehicles, where lightweight magnesium components contribute to improved performance and fuel efficiency. As the region's automotive ecosystem evolves, magnesium die casting is poised to play a role in enhancing vehicle capabilities and reducing environmental impact.

South America's automotive parts magnesium die casting market is influenced by economic conditions and regulatory variations across countries within the region. The focus on cost-efficient manufacturing and local sourcing presents opportunities for magnesium die casting adoption in commercial vehicles and entry-level passenger cars. Government initiatives aimed at improving fuel efficiency and reducing emissions further drive the integration of lightweight materials like magnesium.

Recent Developments

  • In February 2022, By joining the Mass Challenge program, GF will have access to the best start-ups in Switzerland to create cutting-edge business plans, goods, and services.
  • According to GF Linamar, the Mills River building extension 1B will be expanded. The building's additional addition will increase the facility's capacity for machining and assembling magnesium HPDC components.

Key Market Players

  • Chicago White Metal Casting Inc.
  • Sandhar Group
  • Georg Fischer AG
  • Gibbs Die Casting Group
  • Magic Precision Ltd.
  • Meridian Lightweight Technologies Inc.
  • Morimura Bros Ltd.
  • Tadir-Gan Group (Ortal Ltd)
  • Pace Industries
  • Shiloh Industries Inc.

 By Production Process

By Application

By Geography
  • Pressure Die Casting
  • Vacuum Die Casting
  • Squeeze Die Casting
  • Gravity Die Casting
  • Body Parts
  • Engine Parts
  • Transmission Parts
  • Other Applications
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Automotive Parts Magnesium Die Casting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Parts Magnesium Die Casting Market By Production Process:

o   Pressure Die Casting

o   Vacuum Die Casting

o   Squeeze Die Casting

o   Gravity Die Casting

  • Automotive Parts Magnesium Die Casting Market, By Application:

o   Body Parts

o   Engine Parts

o   Transmission Parts

o   Other Applications

  • Automotive Parts Magnesium Die Casting Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

§  Iran

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Parts Magnesium Die Casting Market.

Available Customizations:

Global Automotive Parts Magnesium Die Casting Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive Parts Magnesium Die Casting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Automotive Parts Magnesium Die Casting Market

5.    Global Automotive Parts Magnesium Die Casting Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Production Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Gravity Die Casting)

5.2.2.    By Application (Body Parts, Engine Parts, Transmission Parts, and Other Applications)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        Asia-Pacific Market Share Analysis

5.2.3.2.        Europe Market Share Analysis

5.2.3.3.        North America Market Share Analysis

5.2.3.4.        South America Market Share Analysis

5.2.3.5.        Middle East & Africa Market Share Analysis

5.2.4.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Automotive Parts Magnesium Die Casting Market Mapping & Opportunity Assessment

5.3.1.    By Production Process Market Mapping & Opportunity Assessment

5.3.2.    By Application Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive Parts Magnesium Die Casting Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Production Process Market Share Analysis

6.2.2.    By Application Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        China Market Share Analysis

6.2.3.2.        India Market Share Analysis

6.2.3.3.        Japan Market Share Analysis

6.2.3.4.        Indonesia Market Share Analysis

6.2.3.5.        Thailand Market Share Analysis

6.2.3.6.        South Korea Market Share Analysis

6.2.3.7.        Australia Market Share Analysis

6.2.3.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Automotive Parts Magnesium Die Casting Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.            By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.            By Production Process Market Share Analysis

6.3.1.2.2.            By Application Market Share Analysis

6.3.2.    India Automotive Parts Magnesium Die Casting Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.            By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.            By Production Process Market Share Analysis

6.3.2.2.2.            By Application Market Share Analysis

6.3.3.    Japan Automotive Parts Magnesium Die Casting Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.            By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.            By Production Process Market Share Analysis

6.3.3.2.2.            By Application Market Share Analysis

6.3.4.    Indonesia Automotive Parts Magnesium Die Casting Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.            By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.            By Production Process Market Share Analysis

6.3.4.2.2.            By Application Market Share Analysis

6.3.5.    Thailand Automotive Parts Magnesium Die Casting Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.            By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.            By Production Process Market Share Analysis

6.3.5.2.2.            By Application Market Share Analysis

6.3.6.    South Korea Automotive Parts Magnesium Die Casting Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.            By Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.            By Production Process Market Share Analysis

6.3.6.2.2.            By Application Market Share Analysis

6.3.7.    Australia Automotive Parts Magnesium Die Casting Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.            By Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.            By Production Process Market Share Analysis

6.3.7.2.2.            By Application Market Share Analysis

7.    Europe Automotive Parts Magnesium Die Casting Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Production Process Market Share Analysis

7.2.2.    By Application Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        Germany Market Share Analysis

7.2.3.2.        Spain Market Share Analysis

7.2.3.3.        France Market Share Analysis

7.2.3.4.        Italy Market Share Analysis

7.2.3.5.        United Kingdom Market Share Analysis

7.2.3.6.        Belgium Market Share Analysis

7.2.3.7.        Rest of EuropeS Market Share Analysis

7.3.  Europe: Country Analysis

7.3.1.    Germany Automotive Parts Magnesium Die Casting Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.            By Production Process Market Share Analysis

7.3.1.2.2.            By Application Market Share Analysis

7.3.2.    Spain Automotive Parts Magnesium Die Casting Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.            By Production Process Market Share Analysis

7.3.2.2.2.            By Application Market Share Analysis

7.3.3.    France Automotive Parts Magnesium Die Casting Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.            By Production Process Market Share Analysis

7.3.3.2.2.            By Application Market Share Analysis

7.3.4.    Italy Automotive Parts Magnesium Die Casting Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.            By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.            By Production Process Market Share Analysis

7.3.4.2.2.            By Application Market Share Analysis

7.3.5.    United Kingdom Automotive Parts Magnesium Die Casting Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.            By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.            By Production Process Market Share Analysis

7.3.5.2.2.            By Application Market Share Analysis

7.3.6.    Belgium Automotive Parts Magnesium Die Casting Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.            By Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.            By Production Process Market Share Analysis

7.3.6.2.2.            By Application Market Share Analysis

8.    North America Automotive Parts Magnesium Die Casting Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Production Process Market Share Analysis

8.2.2.    By Application Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        United States Market Share Analysis

8.2.3.2.        Canada Market Share Analysis

8.2.3.3.        Mexico Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Automotive Parts Magnesium Die Casting Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Production Process Market Share Analysis

8.3.1.2.2.            By Application Market Share Analysis

8.3.2.    Canada Automotive Parts Magnesium Die Casting Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Production Process Market Share Analysis

8.3.2.2.2.            By Application Market Share Analysis

9.    South America Automotive Parts Magnesium Die Casting Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Production Process Market Share Analysis

9.2.2.    By Application Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        Brazil Market Share Analysis

9.2.3.2.        Colombia Market Share Analysis

9.2.3.3.        Argentina Market Share Analysis

9.2.3.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Automotive Parts Magnesium Die Casting Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Production Process Market Share Analysis

9.3.1.2.2.            By Application Market Share Analysis

9.3.2.    Colombia Automotive Parts Magnesium Die Casting Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Production Process Market Share Analysis

9.3.2.2.2.            By Application Market Share Analysis

9.3.3.    Argentina Automotive Parts Magnesium Die Casting Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.            By Production Process Market Share Analysis

9.3.3.2.2.            By Application Market Share Analysis

10.  Middle East & Africa Automotive Parts Magnesium Die Casting Market Outlook

10.1.   Market Size & Forecast

10.1.1. By Value

10.2.   Market Share & Forecast

10.2.1. By Production Process Market Share Analysis

10.2.2. By Application Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     Turkey Market Share Analysis

10.2.3.2.     Iran Market Share Analysis

10.2.3.3.     Saudi Arabia Market Share Analysis

10.2.3.4.     UAE Market Share Analysis

10.2.3.5.     Rest of Middle East & Africa Market Share Analysis

10.3.   Middle East & Africa: Country Analysis

10.3.1. Turkey Automotive Parts Magnesium Die Casting Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Production Process Market Share Analysis

10.3.1.2.2.         By Application Market Share Analysis

10.3.2. Iran Automotive Parts Magnesium Die Casting Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Production Process Market Share Analysis

10.3.2.2.2.         By Application Market Share Analysis

10.3.3. Saudi Arabia Automotive Parts Magnesium Die Casting Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Production Process Market Share Analysis

10.3.3.2.2.         By Application Market Share Analysis

10.3.4. UAE Automotive Parts Magnesium Die Casting Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Production Process Market Share Analysis

10.3.4.2.2.         By Application Market Share Analysis

11.  SWOT Analysis

11.1.   Strength

11.2.   Weakness

11.3.   Opportunities

11.4.   Threats

12.  Market Dynamics

12.1.   Market Drivers

12.2.   Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.   Company Profiles (Up to 10 Major Companies)

14.1.1. Chicago White Metal Casting Inc.

14.1.1.1.     Company Details

14.1.1.2.     Product & Services

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Sandhar Group

14.1.2.1.     Company Details

14.1.2.2.     Product & Services

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Georg Fischer AG

14.1.3.1.     Company Details

14.1.3.2.     Product & Services

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Gibbs Die Casting Group

14.1.4.1.     Company Details

14.1.4.2.     Product & Services

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Magic Precision Ltd.

14.1.5.1.     Company Details

14.1.5.2.     Product & Services

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Meridian Lightweight Technologies Inc.

14.1.6.1.     Company Details

14.1.6.2.     Product & Services

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Morimura Bros Ltd.

14.1.7.1.     Company Details

14.1.7.2.     Product & Services

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Tadir-Gan Group (Ortal Ltd)

14.1.8.1.     Company Details

14.1.8.2.     Product & Services

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Pace Industries

14.1.9.1.     Company Details

14.1.9.2.     Product & Services

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.               Shiloh Industries Inc

14.1.10.1.   Company Details

14.1.10.2.   Product & Services

14.1.10.3.   Financials (As Per Availability)

14.1.10.4.   Recent Developments

14.1.10.5.   Key Management Personnel

15.  Strategic Recommendations

15.1.   Key Focus Areas

15.1.1. Target Regions & Countries

15.1.2. Target Production Process

15.1.3. Target Application Type

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Figures and Tables

Frequently asked questions

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The market size of the Global Automotive Parts Magnesium Die Casting Market reached USD 5.22 billion in 2022.

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The Pressure Die Casting dominating the market. Pressure die casting is emerging as a dominant manufacturing process within the global automotive parts magnesium die casting market. This technique involves injecting molten magnesium into a mold at high pressures to create intricate and precise automotive components. Pressure die casting offers several advantages that make it well-suited for the automotive industry's demands for efficiency, quality, and cost-effectiveness.

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The Asia-Pacific region is asserting its dominance in the global automotive parts magnesium die casting market, emerging as a leading force in the adoption and production of magnesium components for the automotive industry.

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The major drivers for the global automotive parts magnesium die casting market include the automotive industry's relentless pursuit of lightweight materials to enhance fuel efficiency, meet emission standards, and improve vehicle performance. The rise of electric vehicles (EVs) is amplifying demand for lightweight components to optimize battery efficiency and extend driving range. The efficiency and precision offered by magnesium die casting technology appeal to manufacturers aiming for cost-effective, high-quality production of intricate automotive parts. Growing consumer preference for sustainable and eco-friendly vehicles aligns with magnesium's contribution to emission reduction. Additionally, advancements in die casting techniques and material science are expanding the application scope of magnesium components in various vehicle categories.

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Srishti Verma

Business Consultant
Press Release

Automotive Parts Magnesium Die Casting Market to Grow with a CAGR of 7.2% through 2028

Oct, 2023

Rise in automotive industry''s focus on lightweighting for fuel efficiency and regulatory compliance, coupled with the growing demand for electric vehicles (EVs) are the factors driving Globa

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