France Automotive Parts Magnesium Die Casting Market Size

Statistics for the 2023 & 2024 France Automotive Parts Magnesium Die Casting market size, created by Mordor Intelligence™ Industry Reports. France Automotive Parts Magnesium Die Casting size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of France Automotive Parts Magnesium Die Casting Industry

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France Automotive Parts Magnesium Die Casting Market_Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 6.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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France Automotive Parts Magnesium Die Casting Market Analysis

The France Automotive Parts Magnesium Die Casting Market is projected to grow with a CAGR of more than 6 % during the forecast period.

  • Owing to the high demand of automobiles in the region, United States is one of the largest markets for automobiles in the world. the presence of leading automobile manufacturers as well as the component manufacturers is driving the growth in the region.
  • However, because of the ongoing trade war between United States and France, the economy is expected to be heading towards a recession and the automobile sales are expected to witness a downfall for a couple of years until the end of trade tensions.
  • With the increase in adoption of light weight ferrous materials to reduce the weight of automobile, majorly driven by the stringent policies imposed by CAFÉ standards to cut emission and increase fuel efficiency of the vehicle is driving growth in the market.
  • Rules imposed by OSHA and NADCA policies to improve the technical workforce are expected to improve production standards in the die casting industry.

France Automotive Parts Magnesium Die casting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)