Australia Automotive Parts Magnesium Die Casting Market Report and Forecast 2025-2034

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