UK Automotive Parts Magnesium Die Casting Market by Production Process Types (Vacuum Die Casting, Squeeze Die Casting, Pressure Die Casting, and Semi-solid Die Casting), Applications (Transmission Components, Body Parts, Engine Parts, and others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The UK automotive parts magnesium die casting market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for automobiles due to rising disposable income.
Magnesium is a vital base for various alloys. Most common magnesium alloy for die casting is AZ91D, which offers high toughness and cast ability. Magnesium is most abundant element in earth crust. It naturally occurs in carnallite, dolomite, magnesite, and chloride. Magnesium die casting is used in various components of modern automobiles, especially for high performance vehicles, additionally; it is also used in camera bodies and in lenses.
The COVID-19 outbreak affected the production of automobiles, impacting the growth of the market. However, the relaxation in restriction owing to acceleration in vaccination drive is anticipated to positively influence the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing adoption of light weight material to reduce the weight of automobile vehicles is anticipated to drive the market growth.
- CAFÉ standard imposed policies to cut the emission and increase fuel efficiency of automobiles is estimated to propel the growth of the market.
- Magnesium alloy is lighter than any other alloy, and also offers features such as seamless integration and high dimensional stability, which improves finishing factor in vehicles. Thus, awareness of such benefits is expected to proliferate the growth of the market during the forecast period.
- High production cost of magnesium die casting process can restraint the growth of the market.
- Less consumption of magnesium in modern vehicles can hamper the market growth.
- Rising trend of electric vehicles (EVs) is anticipated to foster the growth of the market in the projected timeline.
Scope of the Report
The report on the UK 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.
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Attributes |
Details |
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Report Title |
UK Automotive Parts Magnesium Die Casting Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Production Process Types (Vacuum Die Casting, Squeeze Die Casting, Pressure Die Casting, and Semi-solid Die Casting), and Applications (Transmission Components, Body Parts, Engine Parts, and Others) |
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Country |
The UK |
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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 |
Shiloh Industries, Inc.; Gibbs Die Casting Corporation company; Georg Fischer; Sundaram - Clayton Limited; and Pace Industries |
UK Automotive Parts Magnesium Die Casting Market Segment Insights
Pressure die casting is anticipated to exhibit a high CAGR
In terms of production process types, the market is segregated into vacuum die casting, squeeze die casting, pressure die casting, and semi-solid die castings. The pressure die casting market is projected to expand at a considerable CAGR during the forecast period. As the application of magnesium is expanding in the shock tower, floor rails, and pillars, the use of pressure die casting is further expanding at a healthy rate. On the other hand, the vacuum die casting segment is expected to grow at a robust rate in the projected timeline.
Body parts segment to hold a major market share
Based on applications, the UK automotive parts magnesium die casting market is divided into transmission components, body parts, engine parts, and others. The body parts segment is expected to constitute a key share of the market during the projected period due to rising use of magnesium die casting in assembling the automotive body. Magnesium has excellent dimensional stability and also provided high impact and provides the dent resistance to body parts. It gives consistency to automotive body parts and minimal rate of distortion.
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 Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Types
5.3.1. Vacuum Die Casting
5.3.2. Squeeze Die Casting
5.3.3. Pressure Die Casting
5.3.4. Semi-Solid Die Casting
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Parts Magnesium Die Casting Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
7. North 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
7.2. North America Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Types
7.4.1. Vacuum Die Casting
7.4.2. Squeeze Die Casting
7.4.3. Pressure Die Casting
7.4.4. Semi-Solid Die Casting
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
8.2. Latin America Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Types
8.4.1. Vacuum Die Casting
8.4.2. Squeeze Die Casting
8.4.3. Pressure Die Casting
8.4.4. Semi-Solid Die Casting
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
9.2. Europe Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Types
9.4.1. Vacuum Die Casting
9.4.2. Squeeze Die Casting
9.4.3. Pressure Die Casting
9.4.4. Semi-Solid Die Casting
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Types
10.4.1. Vacuum Die Casting
10.4.2. Squeeze Die Casting
10.4.3. Pressure Die Casting
10.4.4. Semi-Solid Die Casting
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Parts Magnesium Die Casting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Automotive Parts Magnesium Die Casting Market Size and Volume Forecast by Types
11.4.1. Vacuum Die Casting
11.4.2. Squeeze Die Casting
11.4.3. Pressure Die Casting
11.4.4. Semi-Solid Die Casting
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Automotive Parts Magnesium Die Casting Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Automotive Parts Magnesium Die Casting Market: Market Share Analysis
12.2. Automotive Parts Magnesium Die Casting Distributors and Customers
12.3. Automotive Parts Magnesium Die Casting Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Shiloh Industries, Inc.
12.4.2. Gibbs Die Casting Corporation Company
12.4.3. Georg Fischer
12.4.4. Sundaram - Clayton Limited
12.4.5. Pace Industries