The global Automotive Magnesium Alloy market size was valued at US$ 1153 million in 2023. With growing demand in downstream market, the Automotive Magnesium Alloy is forecast to a readjusted size of US$ 1909.2 million by 2030 with a CAGR of 7.5% during review period.
The research report highlights the growth potential of the global Automotive Magnesium Alloy market. Automotive Magnesium Alloy are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive Magnesium Alloy. 麻豆原创 players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive Magnesium Alloy market.
A combination of light weight, high specific strength, and good castability makes magnesium alloys a promising engineering material for the automotive and aerospace industries. Mg-Al-based alloys, especially the AZ and AM series, combine good room-temperature strength and ductility with satisfying salt-spray corrosion resistance and excellent castability.
Vehicle weight reduction is one of the major means available to improve automotive fuel efficiency. High-strength steels, aluminum (Al), and polymers are already being used to reduce weight significantly, but substantial additional reductions could be achieved by greater use of low-density magnesium (Mg) and its alloys. Magnesium alloys are currently used in relatively small quantities for auto parts, generally limited to die castings, e.g., housings.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Key Features:
The report on Automotive Magnesium Alloy market reflects various aspects and provide valuable insights into the industry.
麻豆原创 Size and Growth: The research report provide an overview of the current size and growth of the Automotive Magnesium Alloy market. It may include historical data, market segmentation by Type (e.g., AZ 锛圡g-Al-Zn锛�, AM 锛圡g-AlMn锛�), and regional breakdowns.
麻豆原创 Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive Magnesium Alloy market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive Magnesium Alloy market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Automotive Magnesium Alloy industry. This include advancements in Automotive Magnesium Alloy technology, Automotive Magnesium Alloy new entrants, Automotive Magnesium Alloy new investment, and other innovations that are shaping the future of Automotive Magnesium Alloy.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive Magnesium Alloy market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive Magnesium Alloy product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive Magnesium Alloy market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive Magnesium Alloy market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive Magnesium Alloy market.
麻豆原创 Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive Magnesium Alloy industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive Magnesium Alloy market.
麻豆原创 Segmentation:
Automotive Magnesium Alloy market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
AZ 锛圡g-Al-Zn锛�
AM 锛圡g-AlMn锛�
AS 锛圡g-Al-Si锛�
Other types
Segmentation by application
Steering Wheel
Seat Frames
Powertrain Parts
Others
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 analyzing the company's coverage, product portfolio, its market penetration.
Meridian
Dynacast
STOLFIG
GF
DongGuan Eontec
Faw Foundry
Nanjing Yunhai Special Metals
Yinguang Magnesium Industry
Million and Precision Industrial Holdings
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Magnesium Alloy market?
What factors are driving Automotive Magnesium Alloy market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Magnesium Alloy market opportunities vary by end market size?
How does Automotive Magnesium Alloy break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Automotive Magnesium Alloy Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Automotive Magnesium Alloy by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Automotive Magnesium Alloy by Country/Region, 2019, 2023 & 2030
2.2 Automotive Magnesium Alloy Segment by Type
2.2.1 AZ 锛圡g-Al-Zn锛�
2.2.2 AM 锛圡g-AlMn锛�
2.2.3 AS 锛圡g-Al-Si锛�
2.2.4 Other types
2.3 Automotive Magnesium Alloy Sales by Type
2.3.1 Global Automotive Magnesium Alloy Sales 麻豆原创 Share by Type (2019-2024)
2.3.2 Global Automotive Magnesium Alloy Revenue and 麻豆原创 Share by Type (2019-2024)
2.3.3 Global Automotive Magnesium Alloy Sale Price by Type (2019-2024)
2.4 Automotive Magnesium Alloy Segment by Application
2.4.1 Steering Wheel
2.4.2 Seat Frames
2.4.3 Powertrain Parts
2.4.4 Others
2.5 Automotive Magnesium Alloy Sales by Application
2.5.1 Global Automotive Magnesium Alloy Sale 麻豆原创 Share by Application (2019-2024)
2.5.2 Global Automotive Magnesium Alloy Revenue and 麻豆原创 Share by Application (2019-2024)
2.5.3 Global Automotive Magnesium Alloy Sale Price by Application (2019-2024)
3 Global Automotive Magnesium Alloy by Company
3.1 Global Automotive Magnesium Alloy Breakdown Data by Company
3.1.1 Global Automotive Magnesium Alloy Annual Sales by Company (2019-2024)
3.1.2 Global Automotive Magnesium Alloy Sales 麻豆原创 Share by Company (2019-2024)
3.2 Global Automotive Magnesium Alloy Annual Revenue by Company (2019-2024)
3.2.1 Global Automotive Magnesium Alloy Revenue by Company (2019-2024)
3.2.2 Global Automotive Magnesium Alloy Revenue 麻豆原创 Share by Company (2019-2024)
3.3 Global Automotive Magnesium Alloy Sale Price by Company
3.4 Key Manufacturers Automotive Magnesium Alloy Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Automotive Magnesium Alloy Product Location Distribution
3.4.2 Players Automotive Magnesium Alloy Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Automotive Magnesium Alloy by Geographic Region
4.1 World Historic Automotive Magnesium Alloy 麻豆原创 Size by Geographic Region (2019-2024)
4.1.1 Global Automotive Magnesium Alloy Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Automotive Magnesium Alloy Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Automotive Magnesium Alloy 麻豆原创 Size by Country/Region (2019-2024)
4.2.1 Global Automotive Magnesium Alloy Annual Sales by Country/Region (2019-2024)
4.2.2 Global Automotive Magnesium Alloy Annual Revenue by Country/Region (2019-2024)
4.3 Americas Automotive Magnesium Alloy Sales Growth
4.4 APAC Automotive Magnesium Alloy Sales Growth
4.5 Europe Automotive Magnesium Alloy Sales Growth
4.6 Middle East & Africa Automotive Magnesium Alloy Sales Growth
5 Americas
5.1 Americas Automotive Magnesium Alloy Sales by Country
5.1.1 Americas Automotive Magnesium Alloy Sales by Country (2019-2024)
5.1.2 Americas Automotive Magnesium Alloy Revenue by Country (2019-2024)
5.2 Americas Automotive Magnesium Alloy Sales by Type
5.3 Americas Automotive Magnesium Alloy Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Automotive Magnesium Alloy Sales by Region
6.1.1 APAC Automotive Magnesium Alloy Sales by Region (2019-2024)
6.1.2 APAC Automotive Magnesium Alloy Revenue by Region (2019-2024)
6.2 APAC Automotive Magnesium Alloy Sales by Type
6.3 APAC Automotive Magnesium Alloy Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Automotive Magnesium Alloy by Country
7.1.1 Europe Automotive Magnesium Alloy Sales by Country (2019-2024)
7.1.2 Europe Automotive Magnesium Alloy Revenue by Country (2019-2024)
7.2 Europe Automotive Magnesium Alloy Sales by Type
7.3 Europe Automotive Magnesium Alloy Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Automotive Magnesium Alloy by Country
8.1.1 Middle East & Africa Automotive Magnesium Alloy Sales by Country (2019-2024)
8.1.2 Middle East & Africa Automotive Magnesium Alloy Revenue by Country (2019-2024)
8.2 Middle East & Africa Automotive Magnesium Alloy Sales by Type
8.3 Middle East & Africa Automotive Magnesium Alloy Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Automotive Magnesium Alloy
10.3 Manufacturing Process Analysis of Automotive Magnesium Alloy
10.4 Industry Chain Structure of Automotive Magnesium Alloy
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Automotive Magnesium Alloy Distributors
11.3 Automotive Magnesium Alloy Customer
12 World Forecast Review for Automotive Magnesium Alloy by Geographic Region
12.1 Global Automotive Magnesium Alloy 麻豆原创 Size Forecast by Region
12.1.1 Global Automotive Magnesium Alloy Forecast by Region (2025-2030)
12.1.2 Global Automotive Magnesium Alloy Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Automotive Magnesium Alloy Forecast by Type
12.7 Global Automotive Magnesium Alloy Forecast by Application
13 Key Players Analysis
13.1 Meridian
13.1.1 Meridian Company Information
13.1.2 Meridian Automotive Magnesium Alloy Product Portfolios and Specifications
13.1.3 Meridian Automotive Magnesium Alloy Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Meridian Main Business Overview
13.1.5 Meridian Latest Developments
13.2 Dynacast
13.2.1 Dynacast Company Information
13.2.2 Dynacast Automotive Magnesium Alloy Product Portfolios and Specifications
13.2.3 Dynacast Automotive Magnesium Alloy Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Dynacast Main Business Overview
13.2.5 Dynacast Latest Developments
13.3 STOLFIG
13.3.1 STOLFIG Company Information
13.3.2 STOLFIG Automotive Magnesium Alloy Product Portfolios and Specifications
13.3.3 STOLFIG Automotive Magnesium Alloy Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 STOLFIG Main Business Overview
13.3.5 STOLFIG Latest Developments
13.4 GF
13.4.1 GF Company Information
13.4.2 GF Automotive Magnesium Alloy Product Portfolios and Specifications
13.4.3 GF Automotive Magnesium Alloy Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 GF Main Business Overview
13.4.5 GF Latest Developments
13.5 DongGuan Eontec
13.5.1 DongGuan Eontec Company Information
13.5.2 DongGuan Eontec Automotive Magnesium Alloy Product Portfolios and Specifications
13.5.3 DongGuan Eontec Automotive Magnesium Alloy Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 DongGuan Eontec Main Business Overview
13.5.5 DongGuan Eontec Latest Developments
13.6 Faw Foundry
13.6.1 Faw Foundry Company Information
13.6.2 Faw Foundry Automotive Magnesium Alloy Product Portfolios and Specifications
13.6.3 Faw Foundry Automotive Magnesium Alloy Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Faw Foundry Main Business Overview
13.6.5 Faw Foundry Latest Developments
13.7 Nanjing Yunhai Special Metals
13.7.1 Nanjing Yunhai Special Metals Company Information
13.7.2 Nanjing Yunhai Special Metals Automotive Magnesium Alloy Product Portfolios and Specifications
13.7.3 Nanjing Yunhai Special Metals Automotive Magnesium Alloy Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Nanjing Yunhai Special Metals Main Business Overview
13.7.5 Nanjing Yunhai Special Metals Latest Developments
13.8 Yinguang Magnesium Industry
13.8.1 Yinguang Magnesium Industry Company Information
13.8.2 Yinguang Magnesium Industry Automotive Magnesium Alloy Product Portfolios and Specifications
13.8.3 Yinguang Magnesium Industry Automotive Magnesium Alloy Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Yinguang Magnesium Industry Main Business Overview
13.8.5 Yinguang Magnesium Industry Latest Developments
13.9 Million and Precision Industrial Holdings
13.9.1 Million and Precision Industrial Holdings Company Information
13.9.2 Million and Precision Industrial Holdings Automotive Magnesium Alloy Product Portfolios and Specifications
13.9.3 Million and Precision Industrial Holdings Automotive Magnesium Alloy Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Million and Precision Industrial Holdings Main Business Overview
13.9.5 Million and Precision Industrial Holdings Latest Developments
14 Research Findings and Conclusion
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*If Applicable.