1. Market Research
  2. > Manufacturing
  3. > Metal Manufacturing Market Trends
Automotive Parts Magnesium Die Casting Market - Growth, Trends, and Forecasts (2020 - 2025)

Automotive Parts Magnesium Die Casting Market - Growth, Trends, and Forecasts (2020 - 2025)

  • August 2020
  • 103 pages
  • ID: 5954263
  • Format: PDF
  • Mordor Intelligence LLP


Table of Contents

Search Inside

The automotive parts magnesium die casting market is expected to register a CAGR of 9.55% during the forecast period.

- 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 increasing investment in innovation and automation, etc., is propelling the growth of the market studied. The ongoing research and development activities are leading to the discovery of new magnesium alloys and efficient manufacturing techniques. For instance, the Indian Institute of Technology, Madras, the US Army Research Laboratory, and the University of North Texas developed a new magnesium alloy that can replace aluminum and steel alloys in the automotive industry and increase the fuel efficiency of vehicles.
- However, the growth of the market can be impacted by the high cost of magnesium and associated manufacturing processes and the ongoing impact of the Covid-19 outbreak.

Key Market Trends
Increased Application of Magnesium Die Casting in Body Parts

Key body structure applications, such as floor rails, shock towers, and pillars, are now being manufactured, using high-pressure non-ferrous castings. The use of magnesium in automotive body parts was limited earlier, but it has been observed to be expanding significantly since 2013. However, GM has been employing a single-piece die-cast roof frame made of magnesium, since the introduction of C-5 Corvette in 1997.

SUVs and Ford F-150 trucks make use of magnesium castings for radiator support, and Dodge few vehicle models use a one-piece magnesium front-of-dash magnesium die casting part. The first magnesium die-cast closure to ever meet 55 mph rear crash requirements is used in liftgate inner panel, and the part has been used initially in 2010 Lincoln MKT.

In Europe, for body panel applications, the German auto giants, Volkswagen and Mercedes, have employed thin-wall magnesium die castings.

Thin-wall die castings, such as closure inners, can often offset the material cost penalty of magnesium, over steel sheet metal construction, due to part consolidation. Thus, depending on the application and the area of employment, magnesium die casting components are gaining popularity within the body part segment, and their usage is expected to increase during the forecast period.

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 64.90% 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. China 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. Industrial restructuring, the upgrade of existing players, the development of the latest technologies, and improved production rates have contributed to the Chinese high-pressure die casting market’s growth. 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.

India has the world’s second-largest foundry industry. Foundries in India can produce die casting products that serve a wide range of applications conforming to international standards. The Government’s focus on Make in India, developing the automotive industry, and the stringent emission norms are driving the market for automotive parts magnesium die casting in the country. The castings consumed by the automotive sector accounted for 35% of the country’s production. India witnessed a declining trend in passenger vehicle sales, owing to numerous reasons, such as economic slowdown, rise in fuel, and insurance costs. However, despite numerous pressures, such as revised axel norms and NBFC crisis, the overall commercial vehicle sales increased and showcased a robust 27.28% growth. Additionally, the increasing focus of central and state government on the usage of electric buses as a mode of urban transit, along with the drive to make transportation more sustainable, the demand for electric buses in the country is expected to accelerate, in turn, propelling the demand for magnesium die casted automotive parts in the country.

On the other hand, the growing automobile industry, stabilizing industrial sector, consumer popularity for fuel-efficient vehicles, and latest advancements in die casting techniques are expected to drive the growth of the Japanese automotive part magnesium die casting market. All these factors are expected to drive the automotive part magnesium die casting market’s growth in the Asia-Pacific region.

Competitive Landscape
The global automotive parts magnesium die casting market is highly fragmented with many regional small- and medium-scale players across both developing and developed countries around the world.

Major recognized players, such as Georg Fischer Automotive, Ryobi Die Casting, Shiloh Industries, and Pace Industries, accounted for over 28% of the overall global market share. Gibbs Die Casting Group, Sandhar Group, Sundaram Clayton Ltd, and Meridian Lightweight Technologies Inc, Dynacast (Form Technologies Inc.) are few other key players in the market.

These key players have focused their revenues on R&D to develop better production processes and alloys. This strategy may assist in the production of premium quality die-cast parts for the automotive industry. Key players have also expanded their reign globally by various mergers, expansions, partnerships, joint-ventures, and acquisitions. For instance, in December 2019, Bharat Forge announced that it would break ground for its upcoming plant in North America in 2020. It is expected to be ready for production by about June 2021. The construction of its plant in Germany was completed, and soon, Bharat Forge will start trial production. The plant in Nellore, Andhra Pradesh, was expected to begin commercial production by December 2019. The first setup is with the die-casting machine, which can undertake both aluminum and magnesium casting on the same machines.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on