Automotive Parts Magnesium Die Casting Research:with a compound annual growth rate (CAGR) of 10.56%

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Automotive Parts Magnesium Die Casting- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Automotive Parts Magnesium Die Casting was estimated to be worth US$ 1839 million in 2024 and is forecast to a readjusted size of US$ 3678 million by 2031 with a CAGR of 10.6% during the forecast period 2025-2031.

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Automotive Parts Magnesium Die Casting

Automotive Parts Magnesium Die Castings refer to automotive components produced using magnesium alloys through the die casting process. Magnesium alloys are renowned for their lightweight, high strength, and excellent thermal conductivity, making them suitable for manufacturing automotive parts that demand lightweighting and high performance. Through the die casting process, magnesium alloys can be precisely molded to produce complex-shaped components with high surface quality, such as steering wheel frames, instrument panel brackets, and engine parts. Magnesium die cast parts help reduce the overall weight of the vehicle, enhance fuel efficiency, and improve vehicle handling performance.

Figure00001. Automotive Parts Magnesium Die Casting

Automotive Parts Magnesium Die Casting

According to the latest QYResearch report, the global Automotive Parts Magnesium Die Casting market is expected to reach US$1939.16million in 2024, with a compound annual growth rate (CAGR) of 10.56%.

Manufacturing companies include Wanfeng Auto Wheel, Georg Fischer, Baowu Magnesium, DGS Druckgussysteme AG, Handtmann Metallgusswerk GmbH, Eontec Co, Pace Industries, Foryou Corporation, Sinyuan Zm Technology, KSM Casting Group, Ka Shui International Holdings, STG.

Figure00002. Automotive Parts Magnesium Die Casting
Automotive Parts Magnesium Die Casting

Source: Secondary Sources, Expert Interviews and QYResearch, 2025

The supply chain for automotive parts magnesium die casting is relatively clear: the upstream sector is primarily comprised of magnesium ore mining, raw magnesium smelting, and alloying companies, providing magnesium ingots, alloy materials, and additives (representative companies include Yunhai Metal, Ruige Magnesium, and Magontec). The midstream comprises alloy processing and smelting plants, die-casting machine and mold suppliers, and surface treatment and finishing plants, responsible for alloy formulation, die-casting molding, mold design, heat treatment, and dimensional tolerance control. The downstream sector comprises automobile OEMs and Tier 1/2 component suppliers. Magnesium die-castings are primarily used in engine/transmission housings, battery and motor housings, and body structural components. (Downstream representatives include BYD, SAIC, BMW, Tesla, and their automotive parts supply chain companies.) The quality and price of raw materials upstream of the entire supply chain directly influence midstream costs and process selection, while the mold and process capabilities, yield rate, and surface treatment capabilities of the midstream sector determine whether the stringent downstream requirements for strength, dimensional accuracy, and reliability can be met.

Market Drivers:

Global automakers are increasingly focusing on lightweight design to improve fuel efficiency and meet stringent environmental protection requirements. In this context, magnesium alloys have become an ideal material choice due to their extremely low density and excellent strength, which can effectively reduce the weight of the entire vehicle while ensuring structural performance. With the popularization of magnesium alloys, the demand for high-performance, lightweight components continues to increase, and magnesium alloys have shown broad application prospects in key areas such as battery housings. In recent years, magnesium alloys have gradually matured, and through continuous improvement and innovation in manufacturing processes, production efficiency has been significantly improved, production cycles have been shortened, and costs have been reduced, laying the foundation for large-scale applications. At the same time, the development trend of the global automotive industry emphasizes safety, low carbon and environmental protection. The introduction of the "dual carbon" policy has further accelerated the process of low-carbonization of automobiles. Various regulations have strengthened the requirements for energy conservation and emission reduction, bringing new development opportunities to the magnesium alloy die-casting industry.

Restraint:

The major global automobile markets are affected by macroeconomic fluctuations, and the production and sales base has declined. The industry is facing great downward pressure. If the economic growth rate continues to slow, automobile production and sales may decline further. It has highly active chemical properties. The dust, debris and thin materials generated during the production process are easy to cause combustion or explosion when exposed to open flames, posing a high safety hazard. At the same time, as the lightest commercial metal structural material, its application in lightweight automobiles is growing rapidly, attracting more companies to enter the magnesium alloy die-casting industry, prompting existing manufacturers to expand production capacity, thereby intensifying industry competition. Because new magnesium alloy products are highly innovative and difficult to develop, there is still a risk of R&D failure before they are finally recognized by the market, which places higher demands on the company's R&D investment and strategic layout.

Opportunity:

In the automotive field, it is still in the 0-1 stage, and the overall development of the industry is in its early stages. The output of automotive die-castings still has huge room for growth. As the penetration rate continues to increase, the demand for lightweight materials is growing. Magnesium alloys, as the most promising lightweight materials, are expected to benefit from this trend and the rapid development of the new energy vehicle parts market. According to the published "Energy Saving and New Energy Vehicle Technology Roadmap 2.0", my country has planned phased goals for automobile lightweighting. It is expected that by 2025 and 2030, the sales proportion of new energy vehicles will reach more than 25% and more than 40% respectively; the amount of magnesium alloy used per vehicle will reach 25kg and 35kg respectively, and the proportion of magnesium alloy in the whole vehicle will reach 2% and 4% respectively. Recently, prices have continued to fall back to normal levels. With the continuous expansion of upstream magnesium mining companies, the supply of raw magnesium is expected to increase further, pushing magnesium prices to continue to decline. When the price ratio of magnesium to aluminum reaches 1.29, it is generally believed that the raw material and processing costs of the two alloys in the production of automotive parts are basically the same, which provides good cost conditions for the application of magnesium alloys.

Barriers to Entry:

The industry faces high barriers to entry, primarily in terms of raw materials, technology, and capital. First, raw material prices fluctuate significantly and supply is relatively concentrated, making it challenging for new entrants to secure stable, high-quality raw materials. Second, magnesium die-casting production requires high standards for die design, alloy proportions, and automated production line control, requiring long-term R&D and technical expertise. Furthermore, the industry requires significant initial investment, including die-casting equipment, mold development, environmental protection facility construction, and quality certification. New companies lacking sufficient capital and technical expertise face challenges in establishing competitive advantages and a stable supply chain in the short term.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Automotive Parts Magnesium Die Casting market is segmented as below:
By Company
Wanfeng Auto Wheel
Georg Fischer
Baowu Magnesium
DGS Druckgussysteme AG
Handtmann Metallgusswerk GmbH
Eontec Co
Pace Industries
Foryou Corporation
Sinyuan Zm Technology
KSM Casting Group
Ka Shui International Holdings
STG

Segment by Type
Bracket
Housing
Others

Segment by Application
Passenger Vehicles
Commercial Vehicles

Each chapter of the report provides detailed information for readers to further understand the Automotive Parts Magnesium Die Casting market:

Chapter 1: Introduces the report scope of the Automotive Parts Magnesium Die Casting report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Automotive Parts Magnesium Die Casting manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Automotive Parts Magnesium Die Casting market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Automotive Parts Magnesium Die Casting in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Automotive Parts Magnesium Die Casting in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Automotive Parts Magnesium Die Casting competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Automotive Parts Magnesium Die Casting comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Automotive Parts Magnesium Die Casting market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
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Global Automotive Parts Aluminium and Magnesium Die Casting Market Research Report 2025
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