Automotive Parts Magnesium Die Casting Market is set to witness a Huge Growth with a USD 21.76 billion at a CAGR of 7.5%, During the Forecast Period 2029

PRESS RELEASE

Published August 5, 2023

Automotive Parts Magnesium Die Casting Market - decreases the impacts of thermal fatigue, simplifies designs, and increases dependability
Automotive Parts Magnesium Die Casting Market – decreases the impacts of thermal fatigue, simplifies designs, and increases dependability

The automotive parts magnesium die casting market is expected to grow at 7.5% CAGR from 2022 to 2029. It is expected to reach above USD 21.76 billion by 2029 from USD 11.18 billion in 2020.

Exactitude Consultancy research’s “Automotive Parts Magnesium Die Casting Market Forecast” study report focuses at sales and the overall global market for Automotive Parts Magnesium Die Casting in 2022. The sales forecast for Automotive Parts Magnesium Die Casting by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Automotive Parts Magnesium Die Casting market, with sales of Automotive Parts Magnesium Die Casting broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Automotive Parts Magnesium Die Casting Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Market Overview:

Die casting for automotive parts is a cost-effective mechanised metal manufacturing method that produces a variety of vehicle components by rapidly and forcefully pressing melted liquid into a mould. It uses pressure vacuum, squeeze, and pressure die casting as typical procedures to consolidate metals, release mould cavity gas, and increase tensile strength. Due to its superior dimensional stability, great dampening ability, and superior corrosion resistance compared to alloys of carbon, steel, and aluminium, magnesium metal is used in these techniques.

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer’s financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Automotive Parts Magnesium Die Casting market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Automotive Parts Magnesium Die Casting Market are:

A&B die casting , Chicago white metal casting Inc, Georg Die casting group, magic precision Inc, Meridian lightweight technologies Inc ,Morimura Bros. Inc, pace industries, sandhar group, ryobi liited.

Recent Developments:

In February 2021, Nantong Jiangzhong Photoelectricity Co., Ltd. Installed its Italpresse gauss TF5700 high pressure die casting (HPDC) machine at the company’s base in Jiangsu province, China. With its huge 3500 x 3500mm plates, the TF5700’s closing force of 5700 tons making it the ideal solution for large part production. Jiangzhong has also purchased a Westomat 3100 from StrikoWestofen to integrate seamlessly with the machine.

Automotive Parts Magnesium Die Casting Market Segmentation:

Automotive Parts Magnesium Die Casting Market By Type, 2020-2029, (USD Billion), (Thousand Units)

Interior Systems

Engine & Powertrain

Front-/Rear-End

Steering

Automotive Parts Magnesium Die Casting Market By Production Process, 2020-2029, (USD Billion), (Thousand Units)

Pressure Die Casting

Vacuum Die Casting

Squeeze Die Casting

Gravity Die Casting

Automotive Parts Magnesium Die Casting Market By Application, 2020-2029, (USD Billion), (Thousand Units)

Passenger Car

Commercial Vehicle

Automotive Parts Magnesium Die Casting Market By Region, 2020-2029, (USD Billion), (Thousand Units)

North America

Asia Pacific

Europe

South America

Middle East and Africa

Important Countries in All Regions Are Covered.

Our market analysts are professionals at carefully categorizing the global Automotive Parts Magnesium Die Casting market into various categories and assessing each segment’s growth potential in detail. The research study begins with a comparison of the segments’ consumption and growth rates throughout a nine-year assessment period. The report’s segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Automotive Parts Magnesium Die Casting market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market’s present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Automotive Parts Magnesium Die Casting Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive Parts Magnesium Die Casting market
Chapter 2: Exclusive Summary – the basic information of the Automotive Parts Magnesium Die Casting Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automotive Parts Magnesium Die Casting
Chapter 4: Presenting the Automotive Parts Magnesium Die Casting Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Automotive Parts Magnesium Die Casting market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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