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Australia Automotive Parts Magnesium Die Casting Market Size: By Process: Vacuum Die Casting, Gravity Die Casting, Squeeze Die Casting, Pressure Die Casting, Others; By Application: Engine Parts, Transmission Parts, Body Parts, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Australia Automotive Parts Magnesium Die Casting Market Outlook
The Australia automotive parts magnesium die casting market size is projected to grow at a CAGR of 4.4% between 2024 and 2032.
Key Takeaways
- The use of magnesium for die casting is increasing at a rapid rate, especially in the automotive sector, due to the demand for lightweight materials that can withstand high temperatures and bear heavy loads.
- The thriving automotive sector will increase the use of Mg in die casting applications in wheels, chassis, suspension systems, and body panels.
- Key players, including A.F. Diecasters, Harrop Engineering, Bühler AG, and Magnium Australia are investing in the country to enhance manufacturing facilities, which is likely to drive Australia automotive parts magnesium die casting market growth.
The growing demand for lightweight and fuel-efficient vehicles is driving the adoption of magnesium die casting in automotive parts, as it provides a high strength-to-weight ratio. Ford Australia has incorporated magnesium die-cast components in their vehicles to reduce weight and improve fuel efficiency. This trend is evident in the automotive industry's shift towards lightweight materials to meet stringent emission regulations and enhance performance.
Advancements in die casting technologies are enabling the production of complex and intricate designs, allowing for increased functionality and performance of automotive parts. This trend is expected to continue, with companies like Harrop Engineering investing in research and development to enhance magnesium's properties and improve die casting processes.
Moreover, manufacturers like Magnesium Australia focusing on reducing their environmental impact and meeting regulatory standards by using magnesium die casting due to its recyclable nature and lower carbon footprint compared to other materials. By prioritising recyclability, they not only reduce waste but also contribute to a more environmentally friendly manufacturing process, aligning with global sustainability goals.
The rise in electric and hybrid vehicles is driving the demand for magnesium die casting, as the lightweight nature of magnesium can help optimise battery performance and extend driving range. Tesla's utilisation of magnesium die-cast components in their electric vehicles exemplifies the industry's shift towards lightweight materials to optimise battery performance.
Pressure die casting segment dominates the Australia automotive parts magnesium die casting market share as it is widely used for complex and precise shapes, such as engine blocks and suspension components. Ford Australia uses pressure die casting in their vehicles to reduce weight and improve fuel efficiency.
Market Segmentation
Australia Automotive Parts Magnesium Die Casting Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Process
- Vacuum Die Casting
- Gravity Die Casting
- Squeeze Die Casting
- Pressure Die Casting
- Others
Market Breakup by Application
- Engine Parts
- Transmission Parts
- Body Parts
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Competitive Landscape
Market players are focused on enhancing production processes, developing innovative solutions, and expanding their market presence.
- Harrop Engineering Pty Ltd.
- Magnium Australia
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Process |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot Australia Automotive Parts Magnesium Die Casting Market
7 Opportunities and Challenges in the Market
8 Australia Automotive Parts Magnesium Die Casting Market Overview
8.1 Key Industry Highlights
8.2 Australia Automotive Parts Magnesium Die Casting Historical Market (2018-2023)
8.3 Australia Automotive Parts Magnesium Die Casting Market Forecast (2024-2032)
9 Australia Automotive Parts Magnesium Die Casting Market by Process
9.1 Vacuum Die Casting
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Gravity Die Casting
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Squeeze Die Casting
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Pressure Die Casting
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Others
10 Australia Automotive Parts Magnesium Die Casting Market by Application
10.1 Engine Parts
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Transmission Parts
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Body Parts
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Australia Automotive Parts Magnesium Die Casting Market by Region
11.1 South Wales
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Victoria
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Queensland
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Western Australia
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australian Capital Territory
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicator for Price
12.4 Key Indicator for Demand
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Harrop Engineering Pty Ltd.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Magnium Australia
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Automotive Parts Magnesium Die Casting Market: Key Industry Highlights, 2018 and 2032
2. Australia Automotive Parts Magnesium Die Casting Historical Market: Breakup by Process (USD Million), 2018-2023
3. Australia Automotive Parts Magnesium Die Casting Market Forecast: Breakup by Process (USD Million), 2024-2032
4. Australia Automotive Parts Magnesium Die Casting Historical Market: Breakup by Application (USD Million), 2018-2023
5. Australia Automotive Parts Magnesium Die Casting Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Australia Automotive Parts Magnesium Die Casting Historical Market: Breakup by Region (USD Million), 2018-2023
7. Australia Automotive Parts Magnesium Die Casting Market Forecast: Breakup by Region (USD Million), 2024-2032
8. Australia Automotive Parts Magnesium Die Casting Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is being driven due to increasing demand for lightweight and fuel-efficient vehicles, advancements in die casting technologies, rising focus on sustainability and recyclability, and increasing adoption of electric and hybrid vehicles.
Key trends aiding the market expansion include shift towards lightweight materials, automation integration, focus on design flexibility, and the growing use of aluminium alloys.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications considered in the market are engine parts, transmission parts, and body parts, others.
Based on process, the market segmentations include vacuum die casting, gravity die casting, squeeze die casting, and pressure die casting, among others.
Key players in the market are Harrop Engineering Pty Ltd. and Magnium Australia, among others.
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