According to a market report by Lucintel, the future of the global automotive part magnesium die casting market looks promising with opportunities in the body part, engine part, and transmission part markets. The global automotive part magnesium die casting market is expected to reach an estimated $4 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are rising vehicle sales, increasing consumer inclination towards lightweight vehicles, and growing environmental concerns so as to implement stringent green norms for reducing carbon emissions.
A more than 150–page report is developed to understand Trends,
opportunity and forecast in automotive part magnesium die casting market to
2030 by production process (pressure die casting, vacuum die casting, gravity
die casting, and squeeze die casting), application (body parts, engine parts,
transmission parts, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
In this market, pressure die casting, vacuum die casting, squeeze die
casting, and gravity die casting are the major segments of automotive part
magnesium die casting market by production process. Lucintel forecasts that
pressure die casting will remain the largest segment over the forecast period
due to increase in demand for electric vehicles.
Within this market, body part will remain the largest segment due to
increasing use of magnesium in the production of automotive body components.
Download sample by clicking on automotive
part magnesium die casting market.
APAC will remain the largest region over the forecast period due to surge
in vehicle production and swift growth of small and medium manufacturing
industries throughout the region.
Georg Fischer, Shiloh Industries, Pace Industries, Gibbs Die Casting, and
Sundaram Clayton are the major suppliers in the automotive part magnesium die
casting market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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