United Kingdom Automotive Parts Magnesium Die Casting Market Report and Forecast 2024-2032

United Kingdom Automotive Parts Magnesium Die Casting Market Outlook

The United Kingdom automotive parts magnesium die casting market size is projected to grow at a CAGR of 5.20% between 2024 and 2032. The market expansion is being propelled by the rising focus on enhancing the efficiency of vehicles.

Key Trends in the Market

Die casting is a process involving molten metal which is poured or injected into moulds under high pressure to create detailed and complex parts. In this case of manufacturing, magnesium is utilised to produce various automotive parts. Magnesium is a lightweight metal known for its excellent strength-to-weight ratio, which makes it a desirable material for automotive applications.

• One of the primary factors propelling the United Kingdom automotive parts magnesium die casting market growth is the growing need for lightweight vehicles due to stringent environmental regulations. These regulations are imposed to control CO2 emissions, leading to a shift in interest among automotive manufacturers to focus on utilising lightweight metals.

• The United Kingdom is ranked among the largest markets for automobiles in the world. This can be credited to several factors such as the high income of the population and the presence of prominent automobile manufacturers and component producers. With the increase in the adoption of lightweight vehicles, the United Kingdom automotive parts magnesium die casting market demand is expected to grow during the forecast period.

• Automotive design is undergoing rapid evolution, with an emphasis on aerodynamics, aesthetics, and functionality. The versatility of magnesium in die casting allows for the production of intricate and complex designs. This is a crucial United Kingdom automotive parts magnesium die casting market trend as it provides automotive designers with the freedom to create unique and streamlined components that meet both aesthetic and performance requirements.

Market Analysis

Based on the production process, the market is segmented into pressure die casting, vacuum die casting, and gravity die casting, among others. The United Kingdom automotive parts magnesium die casting market segmentation, based on application, includes body parts, engine parts, and transmission parts, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom automotive parts magnesium die casting market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Inodus Ltd 

• The Rencol Group 

• Georg Fischer Ltd. 

• Sinotech Ltd 

• Arrk Europe Ltd. 

• Ibex Engineering Pvt. Ltd. 

• Aeromet International Ltd. 

• Creasey Castings Ltd. 

• Dynacast

• Others

Market Share by Production Process

According to the United Kingdom automotive parts magnesium die casting market analysis, pressure die casting is likely to grow rapidly during the forecast period. With the ever-rising demand for fuel-efficient and high-performance vehicles, pressure die casting is increasingly used in manufacturing processes. It allows manufacturers to create complex components without sacrificing speed and precision.

Market Share by Application

Body parts are likely to hold a significant portion of the United Kingdom automotive parts magnesium die casting market share. The lightweight and durable characteristics of the metal and other advantages such as high strength-to-weight ratio, good dimensional stability, and excellent machinability make it an attractive choice for manufacturing various automotive body parts.

Competitive Landscape

Dynacast is a global leader in manufacturing known for its expertise in metal injection moulding and precision die casting. The company’s history dates to 1912 beginning its operations in a small shop. It specialises in producing small, complex metal components for a wide range of sectors, including automotive, electronics, healthcare, consumer goods, and more.

Creasey Castings Ltd. is a United Kingdom-based magnesium and aluminium sand-casting company. The company manufactures components mainly for the automotive sector. It also provides different services including chromate and powder coating, casting, and pattern equipment manufacturing.

Aeromet International Ltd. is a United Kingdom-based company specialising in the design and production of high-performance aluminium and magnesium castings. It is known for its innovative casting solutions, particularly in the aerospace and defence sectors. The company was established in 1974 and has since manufactured various advanced casting alloys.

Other United Kingdom automotive parts magnesium die casting market players include Inodus Ltd, The Rencol Group, Georg Fischer Ltd., Sinotech Ltd, Arrk Europe Ltd., and Ibex Engineering Pvt. Ltd, among others.

Key Highlights of the Report