Market Overview:
The global commercial vehicle parts magnesium die casting market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles across the globe. Additionally, the growing automotive industry is also fueling the demand for magnesium die casting in commercial vehicle parts. The global commercial vehicle parts magnesium die casting market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into pressure die casting, vacuum die casting, squeeze die casting and gravity diecasting.
Product Definition:
Commercial Vehicle Parts Magnesium Die Casting is the process of pouring molten magnesium into a mold to create a desired shape. The importance of Commercial Vehicle Parts Magnesium Die Casting is that it allows for the production of high-quality, durable parts at a low cost.
Pressure Die Casting:
Pressure die casting is a method of manufacturing metal parts that reduces the cost and time involved in creating complicated shapes. It uses the concept of high pressure to force liquid metal (aluminum or copper) into a die, which contains the desired shape. The process can be used for both large and small parts; however, it is most commonly used for smaller components due to its ability to create intricate details and reduce lead time on complex orders.
Vacuum Die Casting:
Vacuum die casting is a process in which the metal parts are formed under high vacuum conditions. The advantages of this process include low pressure, smooth surfaces, and high efficiency. These factors help to reduce the production cost and time significantly as compared to other conventional processes such as sand casting or lost foam casting.
The global vacuum die castings market was valued at USD 1.8 billion in 2015.
Application Insights:
Body parts application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for lightweight body parts in aircraft, automotive and marine applications. In addition, magnesium die casting finds wide application scope in engine parts including cylinder head, camshafts & push rods along with intake manifolds & exhaust systems on account of its superior properties such as high strength and light weight. Transmission Parts are also expected to witness considerable growth over the forecast period owing to rising demand from various end-use industries such as construction equipment manufacturing, agricultural machinery manufacturing etc.
Magnesium die castings have a variety of uses across all major industry sectors which include aerospace & defense (aircraft components), industrial machinery (compressor stations), energy generation plants (generator sets) along with consumer goods like household appliances that require heavy duty components made up of strong materials capable of handling extreme environments without undergoing any wear or tear.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing automotive production and sales, especially in China, India, Japan and South Korea. In addition, rising per capita income levels are anticipated to fuel automobile demand further driving regional growth during the forecast period.
The European market for commercial vehicle parts magnesium die casting was valued at USD X million in 2017 owing to growing automotive industry coupled with stringent emission norms implemented by governments across countries such as Germany.
Growth Factors:
- Increasing demand for commercial vehicles due to rising population and urbanization
- Growing automotive industry in developing countries
- Rising demand for lightweight and fuel-efficient vehicles
- Technological advancements in die casting processes and products
- Growing popularity of magnesium alloys as a replacement for traditional materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Parts Magnesium Die Casting Market Research Report
By Type
Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, Gravity Die Casting
By Application
Body Parts, Engine Parts, Transmission Parts, Others
By Companies
DGS Druckgussysteme AG, Georg Fischer, Gibbs Die Casting, Handtmann Metallgusswerk GmbH, KSM Casting Group, Meridian Lightweight Technologies, Ryobi Group, Shiloh Industries, Sundaram Clayton Limited, Jiangsu Favour Automotive New Stuff Sci-Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Parts Magnesium Die Casting Market Report Segments:
The global Commercial Vehicle Parts Magnesium Die Casting market is segmented on the basis of:
Types
Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, Gravity Die Casting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Body Parts, Engine Parts, Transmission Parts, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DGS Druckgussysteme AG
- Georg Fischer
- Gibbs Die Casting
- Handtmann Metallgusswerk GmbH
- KSM Casting Group
- Meridian Lightweight Technologies
- Ryobi Group
- Shiloh Industries
- Sundaram Clayton Limited
- Jiangsu Favour Automotive New Stuff Sci-Tech
Highlights of The Commercial Vehicle Parts Magnesium Die Casting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pressure Die Casting
- Vacuum Die Casting
- Squeeze Die Casting
- Gravity Die Casting
- By Application:
- Body Parts
- Engine Parts
- Transmission Parts
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Parts Magnesium Die Casting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial Vehicle Parts Magnesium Die Casting is a manufacturing process that uses magnesium to create parts for commercial vehicles. The parts are often used in the construction and repair of trucks, buses, and other large vehicles.
Some of the major companies in the commercial vehicle parts magnesium die casting market are DGS Druckgussysteme AG, Georg Fischer, Gibbs Die Casting, Handtmann Metallgusswerk GmbH, KSM Casting Group, Meridian Lightweight Technologies, Ryobi Group, Shiloh Industries, Sundaram Clayton Limited, Jiangsu Favour Automotive New Stuff Sci-Tech.
The commercial vehicle parts magnesium die casting market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle Parts Magnesium Die Casting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle Parts Magnesium Die Casting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle Parts Magnesium Die Casting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle Parts Magnesium Die Casting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle Parts Magnesium Die Casting Market Size & Forecast, 2018-2028
4.5.1 Commercial Vehicle Parts Magnesium Die Casting Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle Parts Magnesium Die Casting Market Absolute $ Opportunity
Chapter 5 Global Commercial Vehicle Parts Magnesium Die Casting Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Type
5.2.1 Pressure Die Casting
5.2.2 Vacuum Die Casting
5.2.3 Squeeze Die Casting
5.2.4 Gravity Die Casting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Vehicle Parts Magnesium Die Casting Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Applications
6.2.1 Body Parts
6.2.2 Engine Parts
6.2.3 Transmission Parts
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle Parts Magnesium Die Casting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Commercial Vehicle Parts Magnesium Die Casting Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Type
9.6.1 Pressure Die Casting
9.6.2 Vacuum Die Casting
9.6.3 Squeeze Die Casting
9.6.4 Gravity Die Casting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Applications
9.10.1 Body Parts
9.10.2 Engine Parts
9.10.3 Transmission Parts
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Commercial Vehicle Parts Magnesium Die Casting Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Type
10.6.1 Pressure Die Casting
10.6.2 Vacuum Die Casting
10.6.3 Squeeze Die Casting
10.6.4 Gravity Die Casting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Applications
10.10.1 Body Parts
10.10.2 Engine Parts
10.10.3 Transmission Parts
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Commercial Vehicle Parts Magnesium Die Casting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Type
11.6.1 Pressure Die Casting
11.6.2 Vacuum Die Casting
11.6.3 Squeeze Die Casting
11.6.4 Gravity Die Casting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Applications
11.10.1 Body Parts
11.10.2 Engine Parts
11.10.3 Transmission Parts
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Commercial Vehicle Parts Magnesium Die Casting Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Type
12.6.1 Pressure Die Casting
12.6.2 Vacuum Die Casting
12.6.3 Squeeze Die Casting
12.6.4 Gravity Die Casting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Applications
12.10.1 Body Parts
12.10.2 Engine Parts
12.10.3 Transmission Parts
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Commercial Vehicle Parts Magnesium Die Casting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Type
13.6.1 Pressure Die Casting
13.6.2 Vacuum Die Casting
13.6.3 Squeeze Die Casting
13.6.4 Gravity Die Casting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Commercial Vehicle Parts Magnesium Die Casting Market Size Forecast by Applications
13.10.1 Body Parts
13.10.2 Engine Parts
13.10.3 Transmission Parts
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle Parts Magnesium Die Casting Market: Competitive Dashboard
14.2 Global Commercial Vehicle Parts Magnesium Die Casting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DGS Druckgussysteme AG
14.3.2 Georg Fischer
14.3.3 Gibbs Die Casting
14.3.4 Handtmann Metallgusswerk GmbH
14.3.5 KSM Casting Group
14.3.6 Meridian Lightweight Technologies
14.3.7 Ryobi Group
14.3.8 Shiloh Industries
14.3.9 Sundaram Clayton Limited
14.3.10 Jiangsu Favour Automotive New Stuff Sci-Tech
