(2020 - 2023) Global Automotive Parts Magnesium Die Casting Market is Anticipated to Reach US$ XX% Billion by 2023

Automotive Parts Magnesium Die Casting Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Automotive Parts Magnesium Die Casting market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Automotive Parts Magnesium Die Casting Market report is anticipated to register a CAGR of XX% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Automotive Parts Magnesium Die Casting Market are –

  • Brabant Alucast
  • Chicago White Metal Casting Inc
  • Continental Casting Llc
  • Georg Fischer Limited
  • Gibbs Die Casting Group
  • Magic Precision Inc.
  • Meridian Lightweight Technologies
  • Morimura Bros
  • Tadir-Gan Group
  • Pace Industries
  • Shiloh Industries
  • Twin City Die Casting Company

The automotive parts magnesium die casting market is expected to register a high CAGR during the forecast period, 2020 to 2023.

Environmental Regulations
The growing market for light weight vehicles to reduce CO₂ emissions is identified as one of the primary drivers for growth in this market. Recent regulations, such as, the decision of Environmental Protection Agency (EPA) to raise mile per gallon standards to 35.5 miles per gallon by 2016, and then 54.5 mpg by 2025 have induced automotive manufacturers to shift their focus to the use of light-weight metals for producing automobile parts.
Rules imposed by Occupational Safety and Health Administration (OSHA) to develop the technical workforce in the die casting industry are expected to improve the overall production of the market. Moreover, initiatives by National Air Duct Cleaners Association (NADCA) to advance the technical workforce in the industry of die casting are also anticipated to foster the market growth.

Technology Trends
The introduction of simulation-based castings is one of the key trends that will drive the growth prospects for the global die casting market in the forthcoming years. The simulation-based casting process is used to produce components that are cost-effective, have high-precision, and reliable. This casting process involves various benefits such as it ensures an easy and accurate fault detection. Simulation-based manufacturing results in reduced wastage and operational costs. Additionally, they can also predict defects and their location easily and more precisely than the conventional method.

Magnesium
Magnesium is 33% lighter than aluminum by volume and has a quicker ejection time over aluminum castings. Magnesium is also better at casting components with thinner walls and tighter tolerances than aluminum. Almost as light-weight as plastic, magnesium has the advantage of greater strength and rigidity along with inherent EMI/RFI shielding, durability, heat-dissipation, and full recyclability. Currently, magnesium components account for only 1 percent of a typical car’s weight and it is expected to increase with technological developments. China with its magnesium reserve is expected to emanate as the leading supplier of the magnesium die cast parts.

Major players: BRABANT ALUCAST, CHICAGO WHITE METAL CASTING, GEORG FISCHER LIMITED, GIBBS DIE CASTING, MAGIC PRECISION, MERIDIAN LIGHTWEIGHT TECHNOLOGIES, PACE INDUSTRIES, SUNDARAM – CLAYTON LTD

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Scope of the Report:

The report analyses Automotive Parts Magnesium Die Casting market, which includes –

  • Analysis of the growth of Automotive Parts Magnesium Die Casting market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Automotive Parts Magnesium Die Casting market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Automotive Parts Magnesium Die Casting market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Automotive Parts Magnesium Die Casting market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Automotive Parts Magnesium Die Casting Market Report:

  • Varying dynamics of the Automotive Parts Magnesium Die Casting industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Automotive Parts Magnesium Die Casting market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Automotive Parts Magnesium Die Casting market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Automotive Parts Magnesium Die Casting Market Report:

  • The report analyses how stringent emission control norms will drive the global Automotive Parts Magnesium Die Casting market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Automotive Parts Magnesium Die Casting market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Automotive Parts Magnesium Die Casting:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

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