Automotive Parts Magnesium Die Casting Market Size 2022 Manufacturing Size, Share, Opportunities, Trends, Industry Expansion Strategies and Global Analysis by Forecast to 2026 - Meridian Lightweight Technologies, Georg Fischer, Handtmann Metallgusswerk Gm

The Automotive Parts Magnesium Die Casting Market 2022 report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2022 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Automotive Parts Magnesium Die Casting Market with its specific geographical regions.

The Global Automotive Parts Magnesium Die Casting Market Size is Projected to Reach at a CAGR of 10% during 2022-2026.

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Market Overview

The market studied is primarily driven by the expanding automotive market, increasing penetration of magnesium die casting parts in industrial machinery, growing electric mobility, and the employment of magnesium cast for powertrain and housing parts of automobiles. The implementation of stringent emission norms by several countries and regions is propelling the growth of the market. Reducing the vehicle weight is an important step to cut the emissions and, in turn, drives the original equipment manufacturers to opt for lightweight materials, such as magnesium and carbon fiber reinforced plastic, to manufacture vehicle components.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report:

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

Segmentation by type:

Interior Systems
Engine & Powertrain
Front-/Rear-End
Steering

Segmentation by application:

Passenger Car
Commercial Vehicle

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Asia-Pacific Projected to Dominate the Market During the Forecast Period

The large-scale demand, domestic production, government initiatives, and availability of resources are the main drivers for the growth of the Automotive Parts Magnesium Die Casting Market in the Asia-Pacific region. China is one of the major producers of die casting parts and accounts for more than 60% of the regional (Asia-Pacific) die casting market share. The metal casting industry in China has more than 26,000 facilities, out of which 8,000 facilities produce non-ferrous castings. The country produces over 49.3 million metric tons of castings. The advanced and efficient automatic die casting machines supported the demand for metal die castings in the country. The Chinese magnesium die casting market experiences high demand from the automotive industry, which is rapidly growing at the international level. This is expected to drive the Chinese market's growth over the forecast period.

The regions are further sub-divided into:

North America - US, Canada, and Mexico
Europe - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
The Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa

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Highlights of the Automotive Parts Magnesium Die Casting Market Report:

Detailed overview of Automotive Parts Magnesium Die Casting Market
Changing the Automotive Parts Magnesium Die Casting market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Parts Magnesium Die Casting market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Parts Magnesium Die Casting Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

Finally, the Automotive Parts Magnesium Die Casting Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, market development rate and figure, and so on. Automotive Parts Magnesium Die Casting industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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