Magnesium Automotive Parts Global Market Report 2026

Magnesium automotive parts are components produced from magnesium or its alloys, valued for being lightweight yet strong. They help reduce vehicle weight, improve fuel efficiency, and enhance handling performance. These parts are also preferred for their excellent heat dissipation, wear resistance, and ability to maintain durability under high-stress and high-temperature conditions, making them suitable for demanding automotive applications.

The primary types of magnesium automotive parts include die-cast magnesium parts, extruded magnesium components, sheet magnesium parts, and magnesium alloys. Die-cast magnesium parts are precision-molded components made from molten magnesium alloys, known for their lightweight, high strength, and dimensional accuracy, making them ideal for automotive and industrial uses. They are produced through processes such as sand casting, investment casting, cold chamber die casting, and hot chamber die casting, and are employed in vehicles including passenger vehicles, commercial vehicles, electric vehicles, sport utility vehicles, and crossovers. Their applications include structural components, engine parts, transmission elements, and interior and exterior trim, and they are used by end-user industries including original equipment manufacturers, aftermarket suppliers, product manufacturers, and automotive parts distributors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the magnesium automotive parts market by increasing costs of imported magnesium alloys, die casting equipment, and specialized heat treatment technologies. Automotive manufacturing regions in North America and Europe are particularly impacted due to heavy reliance on imported magnesium raw materials, while Asia-Pacific suppliers face export pricing pressure. These tariffs have increased component costs and influenced material selection strategies among OEMs. At the same time, they are driving investments in domestic magnesium production, recycling infrastructure, and localized component manufacturing, supporting long-term supply security.

The magnesium automotive parts market research report is one of a series of new reports from The Business Research Company that provides magnesium automotive parts market statistics, including magnesium automotive parts industry global market size, regional shares, competitors with the magnesium automotive parts market share, magnesium automotive parts market segments, market trends, and opportunities, and any further data you may need to thrive in the magnesium automotive parts industry. This magnesium automotive parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The magnesium automotive parts market size has grown strongly in recent years. It will grow from $2.73 billion in 2025 to $2.99 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to growth in automotive lightweighting initiatives, rising use of magnesium alloys in vehicles, expansion of die casting capabilities, increasing OEM demand for fuel efficiency, availability of advanced alloy formulations.

The magnesium automotive parts market size is expected to see strong growth in the next few years. It will grow to $4.26 billion in 2030 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing penetration of electric and hybrid vehicles, rising demand for high-strength lightweight materials, expansion of sustainable automotive manufacturing, growing investment in magnesium recycling, increasing adoption of advanced casting automation. Major trends in the forecast period include increasing adoption of lightweight magnesium components, rising use in electric vehicle platforms, growing focus on structural weight reduction, expansion of advanced die casting technologies, enhanced emphasis on thermal performance.

The rising demand for electric vehicles (EVs) is expected to drive the growth of the magnesium automotive parts market going forward. Electric vehicles are powered by electric motors using energy stored in rechargeable batteries, providing an environmentally friendly alternative to traditional internal combustion engines. Demand for EVs is increasing due to strict government environmental regulations and declining battery costs, as global policymakers set emissions reduction targets and technological advancements make EVs more affordable and accessible. Magnesium automotive parts support EVs by reducing overall vehicle weight, improving energy efficiency and driving range, enhancing performance, supporting battery longevity, and contributing to more sustainable and cost-effective vehicle production. For example, in February 2024, the U.S. Department of Energy reported that monthly EV sales showed strong year-over-year growth for the past three years, with peak monthly sales reaching around 80,000 in 2022 and exceeding 100,000 in 2023. Therefore, the rising demand for electric vehicles is driving the growth of the magnesium automotive parts market.

Major companies in the magnesium automotive parts market are adopting innovative techniques such as semi-solid processing to enhance strength, reduce weight, and improve sustainability. Semi-solid processing is a manufacturing method in which metal alloys are shaped while in a partially solid and partially liquid state, improving flowability, casting quality, mechanical strength, and energy efficiency. For instance, in December 2024, SAIC Motor Corp. Ltd., a China-based automotive manufacturer, launched its second-generation magnesium alloy case for electric drive assemblies-the world's first mass-produced magnesium alloy case created using semi-solid processing. This innovation significantly reduces weight, increases strength, ductility, and corrosion resistance, and promotes large-scale adoption in new energy vehicles, supporting lightweight, sustainable, and energy-efficient mobility solutions. The technique also eliminates the need for protective gases and reduces energy consumption, aligning with global green manufacturing standards. This advancement accelerates EV lightweighting and sets new benchmarks for the magnesium alloy industry, positioning China as a leader in magnesium material innovation and strengthening its role in the global automotive supply chain.

In April 2023, Teknia Manufacturing Group SLU, a Spain-based manufacturing company, acquired Svensk Tryckgjutning AB (STG) for an undisclosed amount. This acquisition enables Teknia to enhance its aluminium and magnesium injection moulding capabilities, which are essential for producing lightweight, high-precision components for electric vehicles. It also expands Teknia's production footprint, strengthens its multi-material expertise, and reinforces its position as a benchmark company in the rapidly evolving mobility industry. Svensk Tryckgjutning AB (STG) is a Sweden-based aluminium and magnesium injection moulding company specializing in magnesium automotive parts.

Major companies operating in the magnesium automotive parts market are Georg Fischer AG, Linamar Corporation, Nemak S.A.B. de C.V., Rheinmetall AG, Handtmann Metallgusswerk GmbH, Spartan Light Metal Products Inc., Pace Industries Inc., Dynacast International Inc., Meridian Lightweight Technologies Inc., Ryobi Limited, Endurance Technologies Limited, Rockman Industries Limited, Sandhar Technologies Limited, Mag Specialties Inc., Chicago White Metal Casting Inc., Twin City Die Casting Company, MRT Castings Limited, Zhejiang Wanfeng Auto Wheel Co. Ltd., Zibo Deyuan Metal Materials Co. Ltd., Kobe Steel Ltd., Minda Corporation Limited, Harrison Castings Limited

Asia-Pacific was the largest region in the magnesium automotive parts in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the magnesium automotive parts market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the magnesium automotive parts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The magnesium automotive parts market consists of sales of brake components, suspension parts, fuel system components, body brackets, heat shields, and dashboard supports. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Magnesium Automotive Parts Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses magnesium automotive parts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for magnesium automotive parts ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The magnesium automotive parts market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Die-Cast Magnesium Parts; Extruded Magnesium Components
• 2) By Manufacturing Process: Cold Chamber Die Casting; Hot Chamber Die Casting
• 3) By Vehicle Type: Passenger Vehicles; Commercial Vehicles; Electric Vehicles; Sport Utility Vehicle (SUVs) And Crossovers
• 4) By Application: Structural Components; Interior And Exterior Trim
• 5) By End-User Industry: Original Equipment Manufacturers (OEMs); Product Manufacturers;
• Subsegments:
• 1) By Die-Cast Magnesium Parts: Gearbox Housings; Steering Components; Electronic Housings; Cooling System Components
• 2) By Extruded Magnesium Components: Structural Reinforcement Beams; Crash Management Components; Battery Enclosure Frames and Supports; Interior Structural Frames; Thermal Management Profiles
• Companies Mentioned: Georg Fischer AG; Linamar Corporation; Nemak S.A.B. de C.V.; Rheinmetall AG; Handtmann Metallgusswerk GmbH; Spartan Light Metal Products Inc.; Pace Industries Inc.; Dynacast International Inc.; Meridian Lightweight Technologies Inc.; Ryobi Limited; Endurance Technologies Limited; Rockman Industries Limited; Sandhar Technologies Limited; Mag Specialties Inc.; Chicago White Metal Casting Inc.; Twin City Die Casting Company; MRT Castings Limited; Zhejiang Wanfeng Auto Wheel Co. Ltd.; Zibo Deyuan Metal Materials Co. Ltd.; Kobe Steel Ltd.; Minda Corporation Limited; Harrison Castings Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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