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The Australian Automotive Parts Magnesium Die Casting Market is Segmented by Production Process Type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Semi-Solid Die Casting), Application Type (Body Assemblies, Engine Parts, Transmission Parts, and Others)
The Australian automotive parts magnesium die casting market is expected to register a CAGR of over 8% during the forecast period, 2020 - 2025.
The Australian automotive parts magnesium die casting market report covers the growing adoption of magnesium parts in the automotive sector and the technological advancements. The global automotive parts magnesium die casting market has been segmented on the basis of production process type, and application type.
|Production Process Type|
|Pressure Die Casting|
|Vacuum Die Casting|
|Squeeze Die Casting|
|Semi-Solid Die Casting|
|Other Aplication Types|
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Asia-Pacific is a mature market for die casting around the world. The maturity of this market, in the region, is mainly due to the large-scale domestic production, government initiatives, and availability of resources.
The new Ford Explorer, which was considered the truck of the year uses magnesium seat frames. The strategic use of magnesium parts enabled the Ford Motor Company to deliver quality, fuel efficiency, and reliability to its customers. Magnesium, being the lightest material, is now becoming a key element for powertrain and body applications in the vehicles produced by leading automakers, such as Ford, Lincoln, and others. It is home to over 13 major auto manufacturers. With an average of eight million passenger vehicle production, per annum, and regulations pertaining to the emission standards, automakers are sourcing components for manufacturing lightweight vehicles, by employing alloy and die-cast parts, which, in turn, is driving the market for the overall automotive parts magnesium die casting, in the country
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Key body structure applications, such as floor rails, shock towers, and pillars, are now being manufactured using high-pressure non-ferrous castings. The use of magnesium in automotive body parts is limited, but it has recently been observed to be expanding.
GM has been employing a single-piece die-cast roof frame, since the introduction of C-5 Corvette in 1997. Cadillac XLR roadster's retractable hardtop convertible roof and top frame employ magnesium alloys. SUVs and Ford F-150 trucks are coated with magnesium castings, for the vehicles' radiator support, and Dodge Viper is coated with one-piece magnesium front-of-dash die casting. In Europe, for body panel applications, the German auto giants, Volkswagen and Mercedes, have employed thin-wall magnesium die castings. Thin-wall casing application constitutes a major part of magnesium usage in the automotive industry. Thin-wall die castings, such as closure inners, can often offset the material cost penalty of magnesium, over steel sheet metal construction, due to part consolidation.
The first magnesium die-cast closure to ever meet 55 mph rear crash requirements is used in liftgate inner panel, and the part is found in 2010 Lincoln MKT. The key aspect of manufacturing thin-wall castings, which are approximately less than 2mm, lies in the design of casting, using proper radii, and smooth die-filling of the ribs to stiffen the parts.
Thus, depending on the application and the area of employment, magnesium die casting components are gaining popularity within the body part segment, and their usage is expected to increase during the forecast period.
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Meridian Light Weight Technologies, Pace Industries, Shiloh Industries, Inc., Georg Fischer AG, Gibbs Die Casting (Koch Enterprises), and Dynacast are some of the major players in the global automotive parts magnesium die casting market.
The Australian market for automotive parts magnesium die casting is highly consolidated. Meridian Light Weight Technologies emerged as the single largest supplier of magnesium automotive die-cast components, in 2019. The key players in the market have focused their revenues on R&D to come up with better production processes and alloys. This strategy will assist in the production of premium quality die-cast parts for the automotive and industrial sectors. The key players have also expanded their reign, globally, by various mergers, expansions, and acquisitions.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Production Process Type
5.1.1 Pressure Die Casting
5.1.2 Vacuum Die Casting
5.1.3 Squeeze Die Casting
5.1.4 Semi-Solid Die Casting
5.2 Application Type
5.2.1 Body Assemblies
5.2.2 Engine Parts
5.2.3 Transmission Parts
5.2.4 Other Aplication Types
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Sandhar technologies Ltd
6.2.2 Brillcast Manufacturing LLC
6.2.3 Empire Casting Co
6.2.5 Pace Industries
6.2.6 Ningbo Die Casting Company
6.2.7 Kemlows Diecasting Products Ltd
6.2.8 Cascade Die Casting Group Inc
6.2.9 Ashook Minda Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS