Automotive Parts Magnesium Die Casting Market – Growth & Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Global

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Description Table of Contents Scope of the Report

Automotive Parts Magnesium Die Casting Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Die casting is the method of producing the metal parts formed by the die(mould). The products are made with high degree accuracy and reliability with mass scale of production. Products which are formed by the magnesium die casting has got various advantages likeability to form casting with RFI and EMI shielding, full recyclability high electrical conductivity, exceptional damping capacity, high impact and dent resistance, low inertia. The markets are having less fame when compared with aluminium markets, but this markets are raising their levels in the and will be having the more great outlook shortly.

Global Automotive Parts Magnesium

Automotive Parts Magnesium Die Casting Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Die Casting Market Size & Growth:

Global Automotive parts magnesium die casting market valued at $1345.5 billion in 2018 and estimated to reach a value of $2527.3 billion in 2024 at CAGR of 14.75 %. Key points like growing popularity for fuel-efficient vehicles and need to reduce vehicle weight for different vehicles produced by different companies are propelling this market, and the factors like volatility in the price of raw material are hindering the market growth.

Global Z06 in 2011

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Automotive Parts Magnesium Die Casting Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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