Global Automotive Parts Magnesium Die Casting Market Growth 2025-2031

Global Automotive Parts Magnesium Die Casting Market Growth 2025-2031

The global Automotive Parts Magnesium Die Casting market size is predicted to grow from US$ 1799 million in 2025 to US$ 3357 million in 2031; it is expected to grow at a CAGR of 11.0% from 2025 to 2031.

Automotive Parts Magnesium Die Castings refer to automotive components produced using magnesium alloys through the die casting process. Magnesium alloys are renowned for their lightweight, high strength, and excellent thermal conductivity, making them suitable for manufacturing automotive parts that demand lightweighting and high performance. Through the die casting process, magnesium alloys can be precisely molded to produce complex-shaped components with high surface quality, such as steering wheel frames, instrument panel brackets, and engine parts. Magnesium die cast parts help reduce the overall weight of the vehicle, enhance fuel efficiency, and improve vehicle handling performance.

The automotive parts magnesium die casting market is growing steadily due to the increasing demand for lightweight materials in the automotive industry. Magnesium alloys, being lighter than aluminum and offering high strength, have become a key focus for manufacturers aiming to reduce vehicle weight, improve fuel efficiency, and meet stringent environmental regulations. The use of magnesium die cast parts in applications such as engine components, steering systems, and interior structures is expanding.

Major drivers of this market include the shift towards electric vehicles (EVs) and hybrid vehicles, which require lighter components to increase battery range and overall efficiency. Additionally, innovations in die casting technology have improved production efficiency, reducing costs and making magnesium components more accessible to automakers.

However, the market faces challenges such as the high cost of raw materials and the complexity of processing magnesium alloys compared to other metals. Despite these hurdles, the adoption of magnesium die cast parts is expected to grow, particularly in regions like Europe, North America, and Asia-Pacific, where automakers are heavily focused on lightweighting and sustainability.

LP Information, Inc. (LPI) ' newest research report, the “Automotive Parts Magnesium Die Casting Industry Forecast” looks at past sales and reviews total world Automotive Parts Magnesium Die Casting sales in 2024, providing a comprehensive analysis by region and market sector of projected Automotive Parts Magnesium Die Casting sales for 2025 through 2031. With Automotive Parts Magnesium Die Casting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Parts Magnesium Die Casting industry.

This Insight Report provides a comprehensive analysis of the global Automotive Parts Magnesium Die Casting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Parts Magnesium Die Casting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Parts Magnesium Die Casting market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Parts Magnesium Die Casting and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Parts Magnesium Die Casting.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Parts Magnesium Die Casting market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Bracket
Housing
Others

Segmentation by Application:
Passenger Vehicles
Commercial Vehicles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Wanfeng Auto Wheel
Georg Fischer
Baowu Magnesium
DGS Druckgussysteme AG
Handtmann Metallgusswerk GmbH
Eontec Co
Pace Industries
Foryou Corporation
Sinyuan Zm Technology
KSM Casting Group
Ka Shui International Holdings
STG

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Parts Magnesium Die Casting market?

What factors are driving Automotive Parts Magnesium Die Casting market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Parts Magnesium Die Casting market opportunities vary by end market size?

How does Automotive Parts Magnesium Die Casting break out by Type, by Application?