Global Automotive Parts Aluminium & Magnesium Die Casting Market Outlook

Global Automotive Parts Aluminium & Magnesium Die Casting Market Outlook

  • Published: November 2015
  • ID: SMRC15422

The Global Automotive Parts Aluminium & Magnesium Die-Casting market accounted for around $6.2 billion in 2014 and is expected to reach $10.8 billion by 2022 growing at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period 2014 to 2022.

Aluminum is becoming popular material gradually due to its ability to be easily recycled. Around 70% of aluminum consumed can be reused. North America is the leading market for automotive aluminum die casting worldwide. More than 90% of the aluminum die-casting produced in the United States is made from post-consumer recycled aluminum. Rising esteem for fuel-efficient vehicles and a need to reduce the vehicle weight significantly influenced the aluminium die casting parts in the UK automotive industry.

Though Aluminium is dominating the current market, it is expected that Magnesium will be gaining a significant market share during the forecast period by growing at the highest CAGR. Capability to form casting with EMI and RFI shielding, complete recyclability, more electrical conductivity are some of the factors propelling the growth of magnesium market. China produces more than 50% of the global magnesium metal. Being magnesium cheap in China collapsed the main supply base of the western world. The International Magnesium Association (IMA) provided a forum for substitution of magnesium manufacturing and trade supporting the market growth.

The key players in the Automotive Parts Aluminium & Magnesium Die-Casting market include Magic Precision Inc., Kinetic Die Casting Company, Texas Die Casting, Endurance Group, Sandhar technologies limited, Meridian Lightweight Technologies Inc, Sunbeam Auto Pvt. Ltd, Dynacast, Rockman Industries Ltd., and Castwel Autoparts Pvt Ltd.

Product types Covered:
• Pressure die casting
• Semi-solid die casting
• Squeeze die casting
• Vacuum die casting

Applications Covered:
• Body assemblies
• Engine Parts
• Transmission parts
• Others

Regions Covered:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o UK 
o Spain       
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia      
• Rest of the World
o Latin America
o Middle East      
o Africa       
o Others      

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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