Automotive Parts Magnesium Die Casting Market - Growth, Trends, Forecast (2018 - 2023)

  • ID: 4663592
  • Report
  • 172 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
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Environmental Regulations

The growing market for light weight vehicles to reduce CO₂ emissions is identified as one of the primary drivers for growth in this market. Recent regulations, such as, the decision of Environmental Protection Agency (EPA) to raise mile per gallon standards to 35.5 miles per gallon by 2016, and then 54.5 mpg by 2025 have induced automotive manufacturers to shift their focus to the use of light-weight metals for producing automobile parts.

Rules imposed by Occupational Safety and Health Administration (OSHA) to develop the technical workforce in the die casting industry are expected to improve the overall production of the market. Moreover, initiatives by National Air Duct Cleaners Association (NADCA) to advance the technical workforce in the industry of die casting are also anticipated to foster the market growth.

Technology Trends

The introduction of simulation-based castings is one of the key trends that will drive the growth prospects for the global die casting market in the forthcoming years. The simulation-based casting process is used to produce components that are cost-effective, have high-precision, and reliable. This casting process involves various benefits such as it ensures an easy and accurate fault detection. Simulation-based manufacturing results in reduced wastage and operational costs. Additionally, they can also predict defects and their location easily and more precisely than the conventional method.

Magnesium

Magnesium is 33% lighter than aluminum by volume and has a quicker ejection time over aluminum castings. Magnesium is also better at casting components with thinner walls and tighter tolerances than aluminum. Almost as light-weight as plastic, magnesium has the advantage of greater strength and rigidity along with inherent EMI/RFI shielding, durability, heat-dissipation, and full recyclability. Currently, magnesium components account for only 1 percent of a typical car’s weight and it is expected to increase with technological developments. China with its magnesium reserve is expected to emanate as the leading supplier of the magnesium die cast parts.

Major players: Brabant Alucast, Chicago White Metal Casting, Georg Fischer Limited, Gibbs Die Casting, Magic Precision, Meridian Lightweight Technologies, Pace Industries, Sundaram – Clayton Ltd, amongst others.

Reasons to Purchase This Report
  • The report provides latest insights into the automotive parts magnesium die casting industry.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel
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1. INTRODUCTION
1.1 STUDY DELIVERABLES
1.2 GENERAL STUDY ASSUMPTIONS

2. RESEARCH METHODOLOGY
2.1 INTRODUCTION
2.2 ANALYSIS METHODOLOGY
2.3 STUDY ASSUMPTIONS
2.4 ECONOMETRIC FORECAST MODEL

3. EXECUTIVE SUMMARY

4. KEY FINDINGS OF THE STUDY

5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 CURRENT MARKET SCENARIO
5.2 TECHNOLOGY TRENDS
5.3 PORTER'S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTE PRODUCTS/SERVICES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY

6. MARKET DYNAMICS
6.1 DRIVERS
6.2 RESTRAINTS
6.3 OPPORTUNITIES

7. GLOBAL AUTOMOTIVE PARTS MAGNESIUM DIE CASTING MARKET, BY PRODUCTION PROCESS TYPE
7.1 PRESSURE DIE CASTING
7.2 VACUUM DIE CASTING
7.3 SQUEEZE DIE CASTING
7.4 SEMI SOLID DIE CASTING

8. GLOBAL AUTOMOTIVE PARTS MAGNESIUM DIE CASTING MARKET, BY APPLICATION TYPE
8.1 BODY ASSEMBLIES
8.2 ENGINE PARTS
8.3 TRANSMISSION PARTS
8.4 OTHERS

9. GLOBAL AUTOMOTIVE PARTS MAGNESIUM DIE CASTING MARKET, BY GEOGRAPHY
9.1 NORTH AMERICA
9.1.1 UNITED STATES
9.1.2 CANADA
9.1.3 OTHERS
9.2 EUROPE
9.2.1 THE UNITED KINGDOM
9.2.2 FRANCE
9.2.3 GERMANY
9.2.4 RUSSIA
9.2.5 ITALY
9.2.6 OTHERS
9.3 ASIA-PACIFIC
9.3.1 CHINA
9.3.2 JAPAN
9.3.3 INDIA
9.3.4 SOUTH KOREA
9.3.5 AUSTRALIA
9.3.6 OTHERS
9.4 LATIN AMERICA
9.4.1 BRAZIL
9.4.2 ARGENTINA
9.4.3 MEXICO
9.4.4 REST OF LATIN AMERICA
9.5 AFRICA & MIDDLE EAST
9.5.1 SOUTH AFRICA
9.5.2 EGYPT
9.5.3 UAE
9.5.4 SAUDI ARABIA
9.5.5 OTHERS

10. COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 MARKET SHARE ANALYSIS
10.3 STRATEGIES & RECENT DEVELOPMENTS BY LEADING AUTOMOTIVE PARTS DIE CASTERS

11. KEY VENDOR ANALYSIS (OVERVIEW, STRATEGIES, DEVELOPMENTS)
11.1 BRABANT ALUCAST
11.2 CHICAGO WHITE METAL CASTING INC.
11.3 CONTINENTAL CASTING LLC
11.4 GEORG FISCHER LIMITED
11.5 GIBBS DIE CASTING GROUP
11.6 MAGIC PRECISION INC.
11.7 MERIDIAN LIGHTWEIGHT TECHNOLOGIES
11.8 MORIMURA BROS.,
11.9 TADIR-GAN GROUP
11.10 PACE INDUSTRIES
11.11 SHILOH INDUSTRIES
11.12 SUNDARAM – CLAYTON LTD.
11.13 TWIN CITY DIE CASTING COMPANY

12. DISCLAIMER
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