China Automotive Parts Magnesium Die Casting Market [2031]
China Automotive Parts Magnesium Die Casting Market [2031]
Segments - China Automotive Parts Magnesium Die Casting Market by Production Processes (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Semi-solid Die Casting), and Applications (Engine Parts, Transmission Components, Body Parts, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AL-3780
| 4.5 Rating
| 62 Reviews
| 189 Pages
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Report Description
China Automotive Parts Magnesium Die Casting Market Outlook
The China Automotive Parts Magnesium Die Casting Market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031 expanding at a CAGR of 6% during 2023 – 2031. The growth of market is attributed to growing automotive industry during the forecast period.
The die casting is the metal casting process which forces the molten metal under a high pressure into a mold cavity. The various automotive parts have been made from the die casting such as engine cylinder head, gas engine parts, stator, brackets and electronic covers. Some of the advantages of die casting such as more design flexible and freedom to create complex parts, a wide variety of finishing get due to die casting.
The COVID-19 pandemic affected the demand and supply of the China automotive parts magnesium die casting market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines and used of infusion pump in the COVID-19 treatment is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- The government initiative and reserve of magnesium in the automotive sector is projected to drive the China automotive parts magnesium die casting market.
- The availability of leading automobile manufacturer as well as the component manufacturing is estimated to drive the market during the forecast period.
- To reduce the weight of automobile the adoption of light weight ferrous material increasing this boosts the China automotive parts magnesium die casting market.
- The ongoing trade war between United States and China has slowdown the automobile sales for couple of year. This is hindering the China automotive parts magnesium die casting market.
- High cost of raw materials is hampering the market growth during the forecast period.
- The light weight automotive parts to reduce fuel consumption and energy saving mode is fueling the China automotive parts magnesium die casting market.
Scope of China Automotive Parts Magnesium Die Casting Market Report
The report on the China 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.
The demand for Automotive Parts Zinc Die Casting has been on the rise due to its superior strength and lightweight properties. Zinc die casting is particularly favored for its ability to produce complex shapes with high precision, which is crucial in the automotive industry where efficiency and performance are paramount. This process not only enhances the durability of automotive components but also contributes to the overall reduction in vehicle weight, leading to improved fuel efficiency. As the automotive industry continues to evolve, the role of zinc die casting in manufacturing critical components is expected to grow, supporting the industry's shift towards more sustainable and efficient vehicles.
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Attributes |
Details The introduction of Magnesium Engine Cover in the automotive sector represents a significant advancement in vehicle design and manufacturing. Magnesium, known for its lightweight and robust characteristics, is increasingly being used to produce engine covers that contribute to the overall reduction of vehicle weight. This reduction not only enhances fuel efficiency but also supports the growing demand for environmentally friendly vehicles. Furthermore, magnesium's excellent thermal conductivity helps in effective heat dissipation, which is crucial for maintaining engine performance and longevity. As the automotive industry continues to prioritize efficiency and sustainability, the use of magnesium engine covers is likely to become more prevalent. |
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Report Title |
Automotive Parts Magnesium Die Casting Market - China Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Production Processes (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Semi-Solid Die Casting), and Applications (Engine Parts, Transmission Components, Body Parts, and Others) |
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Regional Scope |
China |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Gibbs Die Casting Group; Pace Industries; Shiloh Industries Inc.; George Fischer AG; Meridian Lightweight Technologies |
China Automotive Parts Magnesium Die Casting Market Segment Insights
The pressure die casting segment is expected to grow at a rapid pace
Based on production processes, the China automotive parts magnesium die casting market is segmented into pressure die casting, vacuum die casting, squeeze die casting, and semi-solid die casting. The pressure die casting segment is expected to grow at a rapid pace during the forecast period because of the high pressure die casting is used to make automobile body parts such as pillars, floor rails, and shock towers.
Cadillac XLR roadster's retractable hardtop convertible roof and top frame made from the magnesium alloys. Due to the high productivity and easy to manufacture the automotive parts is driving the market during the forecast period. However, the vacuum die casting segment is anticipated to hold a key share market during the forecast period due to productivity and flexibility of making large automobile parts.
The body parts segment is projected to expand at a considerable CAGR
On the basis of applications, the China automotive parts magnesium die casting market is divided into engine parts, transmission components, body parts, and others. The body parts segment is projected to expand at a considerable CAGR during the forecast period owing to rising use of magnesium die casting to making automotive body parts.
GM has been used a single-piece die-cast roof frame, since the introduction of C-5 Corvette in 1997. In Europe German auto giants Mercedes and Volkswagen have used thin wall magnesium die castings. The purpose of manufacturing thin-wall castings, which are approximately less than two mm, lies in the design of casting, using proper radii, and smooth die-filling of the ribs to stiffen the parts.
On the other hand, the engine parts segment is anticipated to account for a major market share during the forecast period owing to making light weight engine parts.
Segments
The China automotive parts magnesium die casting market has been segmented on the basis of
Production processes
- Pressure Die Casting
- Vacuum Die Casting
- Squeeze Die Casting
- Semi-Solid Die Casting
Applications
- Engine Parts
- Transmission Components
- Body Parts
- Others
Key Players
- Gibbs Die Casting Group
- Shiloh Industries Inc.
- Pace Industries
- George Fischer AG
- Meridian Lightweight Technologies
Competitive Landscape
Some of the key market players competing in the China automotive parts magnesium die casting market are Gibbs Die Casting Group; Pace Industries; Shiloh Industries Inc.; George Fischer AG; Meridian Lightweight Technologies
These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.
Frequently Asked Questions
The pressure die casting segment is expected to grow at a rapid pace due to its high productivity and suitability for manufacturing automotive body parts.
The report covers the forecast period from 2023 to 2031, with historic data from 2016 to 2021 and a base year of 2022.
Magnesium die casting offers design flexibility, the ability to create complex parts, lightweight components for better fuel efficiency, and a variety of finishing options.
Challenges include high raw material costs, the ongoing US-China trade war affecting automobile sales, and supply chain disruptions.
Major companies covered in the report include Gibbs Die Casting Group, Pace Industries, Shiloh Industries Inc., George Fischer AG, and Meridian Lightweight Technologies.
The body parts segment is projected to expand at a considerable CAGR due to the increasing use of magnesium die casting for automotive body components.
The main production processes are pressure die casting, vacuum die casting, squeeze die casting, and semi-solid die casting.
The COVID-19 pandemic disrupted demand and supply chains, causing production shutdowns and a decline in market growth. However, market recovery is expected as conditions stabilize and automotive production resumes.
Key drivers include the growing automotive industry, government initiatives, abundant magnesium reserves, and the increasing adoption of lightweight materials to reduce vehicle weight and fuel consumption.
The China automotive parts magnesium die casting market was valued at USD XX Billion in 2022 and is expected to reach USD XX Billion by 2031, expanding at a CAGR of 6% during 2023–2031.
Table Of Content
1. Executive Summary2. 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. Gibbs Die Casting Group
11.4.2. Pace Industries
11.4.3. Shiloh Industries Inc.
11.4.4. George Fischer AG
11.4.5. Meridian Lightweight Technologies
Methodology
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