Automotive Parts Magnesium Die Casting Market

Australia Automotive Parts Magnesium Die Casting Market by Production Process Types (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Semi-solid Die Casting), Application Types (Body Assemblies, Engine Parts, Transmission Parts, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-3445
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 175
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The Australia automotive parts magnesium die casting market size is expected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for automotive parts in the country.

Automotive Parts Magnesium Die Casting Market key takeaways

Die casting is a metal casting process that is characterized by forcing molten metal under high pressure into a mold cavity. The mold cavity is created using two hardened tool steel dies that are machined into shape and work similarly to an injection mold during the process. The industrialization and automation have brought the revolution of mass scale production in minimum time. Die casting process provides precise component specification manufactured in the minimum time possible. The government initiatives are inclined toward energy saving and lowering the carbon footprint for the automobile manufacturing process, which can be achieved using the die casting process.

The automotive industry is one of the largest consumers of the magnesium die-casting market. Automobile manufacturers are using lightweight magnesium and magnesium alloys to reduce the overall vehicle weight and improve the fuel economy. Magnesium is a viable alternative to steel, aluminum, and other structural materials, and it has specific attractive properties. It is 36% lighter per unit volume than aluminum and 78% lighter than steel. When mixed with other metals, magnesium has exhibit high strength-to-weight ratio among all structural metals.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing investment in innovation and automation is expected to drive the market growth during the forecast period.
  • Growing automobile industry is projected to spur market growth in the coming years.
  • Increased demand for favorable properties of magnesium is estimated to the market growth during the forecast period.
  • Growing consumer preference for fuel-efficient vehicles is projected to boost the automotive parts magnesium die casting market growth.
  • The third wave of COVID-19 pandemic can create challenges for the market growth.
  • High cost of the magnesium can hamper the market growth.
  • Ongoing research and development activities can create lucrative opportunities for the market players.

Scope of the Report

The report on the Australia automotive parts magnesium die casting market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Australia automotive parts magnesium die casting Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Production Process Types (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Semi-solid Die Casting) and Application Types (Body Assemblies, Engine Parts, Transmission Parts and Others)

Country Scope

Australia

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Pace Industries; Meridian Light Weight Technologies Inc; Georg Fischer AG; Gibbs Die Casting (Koch Enterprises); Shiloh Industries; and Dynacast.

 

Australian Automotive Parts Magnesium Die Casting Market Segment Insights

Pressure die casting segment is projected to hold a significant market share

Based on production process types, the market is divided into pressure die casting, vacuum die casting, squeeze die casting, and semi-solid die casting. The pressure die casting segment is estimated to account for a significant market share during the forecast period. One of the significant benefits of using pressure die casting is resultant of quick, reliable, and cost-effective manufacturing process for production of high volume. Moreover, metal components that are net-shaped have tight tolerances, which is anticipated to drive the demand for pressure die casting process.

Automotive Parts Magnesium Die Casting Market by process type

Body assemblies segment is projected to expand at a considerable CAGR

On the basis of application types, the market is segregated into body assemblies, engine parts, transmission parts and others. The body assemblies segment is projected to expand at a considerable CAGR during the forecast period due to expanding factors such as expanding interest for vehicles in emerging countries. The high complexity and intricacy involved in the design and production process are further expanding the market growth.

Automotive Parts Magnesium Die Casting Market by application types

Segments

Segments Covered in the report
The Australia automotive parts magnesium die casting market has been segmented on the basis of

Production Process Types

  • Pressure Die Casting
  • Vacuum Die Casting
  • Squeeze Die Casting
  • Semi-solid Die Casting
Application Types
  • Body Assemblies
  • Engine Parts
  • Transmission Parts
  • Others
Key Players
  • Meridian Lightweight Technologies
  • Shiloh Industries Inc.
  • Pace Industries
  • Georg Fischer AG
  • Gibbs Die Casting Group.

Competitive Landscape

Key players in the Australian automotive parts magnesium die casting Market are Pace Industries; Meridian Light Weight Technologies Inc; Georg Fischer AG; Gibbs Die Casting (Koch Enterprises); Shiloh Industries; and Dynacast.

Organizations are focusing on partnering with local manufacturers and working together with other industry players to expand their market share.

Automotive Parts Magnesium Die Casting Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Parts Magnesium Die Casting Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Parts Magnesium Die Casting Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Parts Magnesium Die Casting Market - Supply Chain
  4.5. Global Automotive Parts Magnesium Die Casting Market Forecast
     4.5.1. Automotive Parts Magnesium Die Casting Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Parts Magnesium Die Casting Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Parts Magnesium Die Casting Market Absolute $ Opportunity
5. Global Automotive Parts Magnesium Die Casting Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
6. North America Automotive Parts Magnesium Die Casting Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
7. Latin America Automotive Parts Magnesium Die Casting Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
8. Europe Automotive Parts Magnesium Die Casting Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Parts Magnesium Die Casting Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Parts Magnesium Die Casting Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Parts Magnesium Die Casting Market: Market Share Analysis
  11.2. Automotive Parts Magnesium Die Casting Distributors and Customers
  11.3. Automotive Parts Magnesium Die Casting Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Meridian Lightweight Technologies
     11.4.2. Shiloh Industries Inc.
     11.4.3. Pace Industries
     11.4.4. Georg Fischer AG
     11.4.5. Gibbs Die Casting Group

Segments Covered in the report
The Australia automotive parts magnesium die casting market has been segmented on the basis of

Production Process Types

  • Pressure Die Casting
  • Vacuum Die Casting
  • Squeeze Die Casting
  • Semi-solid Die Casting
Application Types
  • Body Assemblies
  • Engine Parts
  • Transmission Parts
  • Others
Key Players
  • Meridian Lightweight Technologies
  • Shiloh Industries Inc.
  • Pace Industries
  • Georg Fischer AG
  • Gibbs Die Casting Group.

Key players in the Australian automotive parts magnesium die casting Market are Pace Industries; Meridian Light Weight Technologies Inc; Georg Fischer AG; Gibbs Die Casting (Koch Enterprises); Shiloh Industries; and Dynacast.

Organizations are focusing on partnering with local manufacturers and working together with other industry players to expand their market share.

Automotive Parts Magnesium Die Casting Market by key players

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