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PUBLISHER: IMARC | PRODUCT CODE: 1451614
PUBLISHER: IMARC | PRODUCT CODE: 1451614
Automotive Parts Magnesium Die Casting Market Report by Production Process (Pressure Die Casting, Vacuum Die Casting, Gravity Die Casting, Squeeze Die Casting), Application (Body Parts, Engine Parts, Transmission Parts, and Others), and Region 2024-2032
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The global automotive parts magnesium die casting market size reached US$ 3.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
Automotive parts die casting represents an economical mechanized metal processing technique, wherein the melted liquid is pressed into a mold under filling speed and high pressure to manufacture various vehicle components. It involves pressure vacuum and squeeze and pressure die casting as standard methodologies, which help discharge mold cavity gas, offer higher tensile strength, and solidify metals. These procedures employ magnesium metal due to its excellent dimensional stability, exceptional dampening capacity, and better corrosion resistance than carbon, steel, and aluminum alloys. Apart from this, automotive parts magnesium die casting ensures the strength-to-weight ratio of structural metals, improves reliability, simplifies designs, minimizes distortion or casting stress, and reduces the effects of thermal fatigue. Based on these properties, it finds extensive applications in the production of engine parts, gearbox, motor covers, auto forks, connectors, and heat sinks.
Automotive Parts Magnesium Die Casting Market Trends:
The considerable expansion in the automotive industry and the increasing need for lightweight commercial and passenger vehicles, owing to changing consumer preferences, are primarily driving the market growth. Automotive parts magnesium die casting is extensively used to manufacture various car components to enhance automobile fuel mileage and reduce vehicle weight without compromising their durability. Furthermore, the rising environmental concerns have encouraged governments to implement stringent green norms for mitigating carbon emissions, which, in turn, is supplementing the demand for magnesium and reinforced plastic dies in the market. In line with this, the fueling utilization of the industrial Internet of Things (IIoT) by key players during the automotive parts magnesium die casting procedure to improve manufacturing efficiency and offer a higher productivity rate is impelling the market growth. Apart from this, strategic collaborations amongst original equipment manufacturers (OEMs) to enhance casting methods and escalating awareness regarding the benefits of using magnesium over other alloys are positively augmenting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive parts magnesium die casting market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on production process and application.
Breakup by Production Process:
Pressure Die Casting
Vacuum Die Casting
Gravity Die Casting
Squeeze Die Casting
Breakup by Application:
Body Parts
Engine Parts
Transmission Parts
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Chicago White Metal Casting Inc., Dynacast International Inc. (Form Technologies Company), Georg Fischer Ltd., Gibbs Die Casting Corporation (Koch Enterprises Inc.), Meridian Lightweight Technologies, Morimura Bros. Inc., Ortal Diecasting Ltd., Pace Industries (Leggett & Platt Incorporated), Ryobi Limited, Sandhar Technologies Limited, Shiloh Industries Inc. and Twin City Die Castings Co.
Key Questions Answered in This Report
- 1. What was the size of the global automotive parts magnesium die casting market in 2023?
- 2. What is the expected growth rate of the global automotive parts magnesium die casting market during 2024-2032?
- 3. What are the key factors driving the global automotive parts magnesium die casting market?
- 4. What has been the impact of COVID-19 on the global automotive parts magnesium die casting market?
- 5. What is the breakup of the global automotive parts magnesium die casting market based on the production process?
- 6. What is the breakup of the global automotive parts magnesium die casting market based on the application?
- 7. What are the key regions in the global automotive parts magnesium die casting market?
- 8. Who are the key players/companies in the global automotive parts magnesium die casting market?
Product Code: SR112024A6303
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Parts Magnesium Die Casting Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Production Process
- 6.1 Pressure Die Casting
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Vacuum Die Casting
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Gravity Die Casting
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Squeeze Die Casting
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Body Parts
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Engine Parts
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Transmission Parts
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Chicago White Metal Casting Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Dynacast International Inc. (Form Technologies Company)
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Georg Fischer Ltd.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 Gibbs Die Casting Corporation (Koch Enterprises Inc.)
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Meridian Lightweight Technologies
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Morimura Bros. Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Ortal Diecasting Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Pace Industries (Leggett & Platt Incorporated)
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Ryobi Limited
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Sandhar Technologies Limited
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.11 Shiloh Industries Inc.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Twin City Die Castings Co.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.1 Chicago White Metal Casting Inc.
Product Code: SR112024A6303
List of Figures
- Figure 1: Global: Automotive Parts Magnesium Die Casting Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Parts Magnesium Die Casting Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Automotive Parts Magnesium Die Casting Market: Breakup by Production Process (in %), 2023
- Figure 5: Global: Automotive Parts Magnesium Die Casting Market: Breakup by Application (in %), 2023
- Figure 6: Global: Automotive Parts Magnesium Die Casting Market: Breakup by Region (in %), 2023
- Figure 7: Global: Automotive Parts Magnesium Die Casting (Pressure Die Casting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Automotive Parts Magnesium Die Casting (Pressure Die Casting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Automotive Parts Magnesium Die Casting (Vacuum Die Casting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Automotive Parts Magnesium Die Casting (Vacuum Die Casting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Automotive Parts Magnesium Die Casting (Gravity Die Casting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Automotive Parts Magnesium Die Casting (Gravity Die Casting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Automotive Parts Magnesium Die Casting (Squeeze Die Casting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Automotive Parts Magnesium Die Casting (Squeeze Die Casting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Automotive Parts Magnesium Die Casting (Body Parts) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Automotive Parts Magnesium Die Casting (Body Parts) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Automotive Parts Magnesium Die Casting (Engine Parts) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Automotive Parts Magnesium Die Casting (Engine Parts) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Automotive Parts Magnesium Die Casting (Transmission Parts) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Automotive Parts Magnesium Die Casting (Transmission Parts) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Automotive Parts Magnesium Die Casting (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Automotive Parts Magnesium Die Casting (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: North America: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: North America: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: United States: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: United States: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Canada: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Canada: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Asia-Pacific: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Asia-Pacific: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: China: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: China: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Japan: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Japan: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: India: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: India: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: South Korea: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: South Korea: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Australia: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Australia: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Indonesia: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Indonesia: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Others: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Others: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Europe: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Europe: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Germany: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Germany: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: France: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: France: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: United Kingdom: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: United Kingdom: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Italy: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Italy: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Spain: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Spain: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Russia: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Russia: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Others: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Others: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Latin America: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Latin America: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Brazil: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Brazil: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Mexico: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Mexico: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Others: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Others: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Middle East and Africa: Automotive Parts Magnesium Die Casting Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Middle East and Africa: Automotive Parts Magnesium Die Casting Market: Breakup by Country (in %), 2023
- Figure 71: Middle East and Africa: Automotive Parts Magnesium Die Casting Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Global: Automotive Parts Magnesium Die Casting Industry: SWOT Analysis
- Figure 73: Global: Automotive Parts Magnesium Die Casting Industry: Value Chain Analysis
- Figure 74: Global: Automotive Parts Magnesium Die Casting Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Parts Magnesium Die Casting Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Automotive Parts Magnesium Die Casting Market Forecast: Breakup by Production Process (in Million US$), 2024-2032
- Table 3: Global: Automotive Parts Magnesium Die Casting Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Automotive Parts Magnesium Die Casting Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Automotive Parts Magnesium Die Casting Market: Competitive Structure
- Table 6: Global: Automotive Parts Magnesium Die Casting Market: Key Players
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