Press release
Magnesium Automotive Parts Market Key Manufacturers, Product Type, Application, Segmentation 2022 to 2028- Meridian Lightweight Technologies, Georg Fischer
Magnesium Automotive Parts Market report helps in making informed business decisions by having complete insights of market and by making a comprehensive analysis of market segments. This recent research compilation on the Magnesium Automotive Parts Market is a versatile and future-ready analytical survey that replicates trend assessment, an in-depth assessment of market valuation and revenue-generating trends with information on profit models, Swot examination, competition spectrum, and associated vendor strategies illustrated by major players and market participants contributing by aggressively investing in the global Magnesium Automotive Parts market to secure a competitive advantage amid staggering competition, potential threats from new entrants, as well as technological innovations leading to market substitutes.The Magnesium Automotive Parts Market is expected to register a CAGR of 9.7% over the forecast period 2022 - 2028.
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Top Companies:
Meridian Lightweight Technologies, Georg Fischer, Handtmann Metallgusswerk GmbH, KSM Casting Group (CITIC), Ryobi Group, Shiloh Industries, DGS Druckgussysteme AG, Gibbs Die Casting, Sundaram Clayton Limited (SCL), Jiangsu Favour Automotive New Stuff Sci-Tech,
By the product type, the market is primarily split into:
Interior Systems
Engine & Powertrain
Front-/Rear-End
Steering
Others
By the end-users/application, this report covers the following segments:
Passenger Cars
Commercial Vehicle
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Key Market Trends
Increasing automobile sales will help the market grow
Indian automotive manufacturers have been successful in the local market. India's automotive components industry is at the forefront of many segments-by volumes, ranks first in two-wheelers, segment A cars and tractors. India is renowned for engineering and manufacturing industry. The Indian automotive component industry has experienced healthy growth over the last few years. It accounted for nearly 2.3% of India's GDP.
Indian Government Ensures Automotive Sector Development
The Government of India has been focused on implementing India's Automotive mission plan, ensuring the growth of the industry. As per the Union budget 2019-2020, the government has reduced GST on electric vehicles from 12% to 5%. Also, the government is providing tax deduction on electric vehicles of Rs 1,50,000 on the interest paid. The electric vehicle parts segment is expected to have high growth in the forecasted period.
Geographical Analysis
The report provides geographical as well as country-level analysis of the Magnesium Automotive Parts market demonstrating the dominance of companies in different regions and countries. Also, in this section, the report presents the market revenue of specific products in specific regions to get informed about the dominating region in the market. Some of the regions and countries mentioned in the report are, the US, Canada, Mexico, Brazil, in North America; China, India, Korea, Japan, Singapore in the Asia Pacific; Germany, UK, Italy, France in Europe, GCC countries, Qatar in the Middle East and Africa, Latin America, South America, etc.
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Research Methodology
All the data presented in the report from valuation to revenue, drivers, growth areas of the Magnesium Automotive Parts market, etc., is aided by thorough research from press releases, announcements by companies, news updates, reports from company websites, government verified websites, research publications, articles by researchers, etc. All this data is scanned thoroughly by analysts in the company and the summary and collaterals are presented in the report precisely. This research helps in offering well authenticated, verified, data with exact facts and figures. The report is then forwarded to in-house analysts, top-level experts, veterans, industry persons, third parties for feedback, verification, and editing, thus, providing the reader with well written, praised report.
Key takeaways from the report
The report provides drivers, restraints, challenges, and growth points of the Magnesium Automotive Parts market and how the market can be grown from 2022-to 2028.
The report helps in figuring out the impact of covid-19 on the Magnesium Automotive Parts market and what measures can be taken for its development.
The Magnesium Automotive Parts market players are assisted from the report for investing in the right product or application from the market.
The report also mentions applications, product offerings, types, key marketing trends of the Magnesium Automotive Parts
The research includes historic data from 2016 to 2021 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization services available with the report:
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Five Companies can have added as per your choice.
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The client will get one free update on the purchase of a Corporate User License.
Quarterly Industry Update for 1 Year at 40% of the report cost per update.
One dedicated research analyst was allocated to the client.
Fast Query resolution within 48 hours.
Industry Newsletter at USD 100 per month per issue.
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