India Automotive Parts Magnesium Die Casting Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Automotive Parts Magnesium Die Casting Manufacturers in India and the Market is Segmented by the Production Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting) and by Application (Body Assemblies, Engine Parts, Transmission Parts, and Other Applications). The Market Size and Forecasts for Europe's Automotive Anti-Lock Braking Systems are Provided in Terms of Value (USD) for all the Above Segments.

India Automotive Parts Magnesium Die Casting Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Automotive Parts Magnesium Die Casting Market Size

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India Automotive Parts Magnesium Die Casting Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 243.53 Million
Market Size (2030) USD 335.22 Million
CAGR (2025 - 2030) 6.60 %
Market Concentration Low

Major Players

Major Player

*Disclaimer: Major Players sorted in no particular order

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India Automotive Parts Magnesium Die Casting Market Analysis

The India Automotive Parts Magnesium Die Casting Market size is estimated at USD 243.53 million in 2025, and is expected to reach USD 335.22 million by 2030, at a CAGR of 6.6% during the forecast period (2025-2030).

The COVID-19 pandemic had a significant impact on the automotive parts magnesium die-casting market. The market experienced a decline in demand due to reduced production and sales of vehicles during the pandemic. The disruption in the global supply chain also affected the availability of raw materials, leading to an increase in prices. However, as the automotive industry recovers from the pandemic, the demand for magnesium die-casting parts has shown a rebound, particularly due to the increasing focus on lightweight and fuel-efficient vehicles.

The Automotive industry is a key driver of macro-economic and technological advancements in India. India is expected to grow higher than many fast-growing nations over the coming years. At the same time, original equipment manufacturers (OEMs) and component manufacturers in the country aspire to achieve global eminence. Globally, the Indian automotive components industry is in a strong position and is leading in two-wheeler segment A cars and tractors. India ranked 10th in the list of top magnesium producers in the world.

Magnesium is 33% lighter than aluminum and 75% lighter than steel. Despite the low density, magnesium alloys have a comparable strength-to-weight ratio to aluminum. They also have a high vibration damping capacity making them ideal for usage in automotive. In order to reduce emissions, OEMs have adapted to making lighter vehicles as their strategy, and magnesium is found to be one of the best alternatives to traditional steel and aluminum.

The Government of India aims to develop India as a global manufacturer as well as an R&D hub. It has set up an R&D infrastructure project and national automotive testing (NATRip) and national automotive board to act as a facilitator between industry and government. Owing to the growing interest from the government, changing requirements of OEMs, technological advancements, and shifting market dynamics due to customer demand, the Indian automotive parts magnesium die-casting market is expected to witness significant growth in the forecast period.

India Automotive Parts Magnesium Die Casting Industry Overview

The Indian automotive parts magnesium die-casting market is moderately fragmented. Key players in the industry are Sundaram Clayton Ltd, Meridian Lightweight Technologies Inc, Dynacast, Sandhar Group, Magic Precision, and Pace Industries.

India Automotive Parts Magnesium Die Casting Market Leaders

  1. Sundaram Clayton Limited

  2. Sandhar Group

  3. Dynacast Inc.

  4. Meridian Lightweight Technologies Inc

  5. JPM Group

  6. *Disclaimer: Major Players sorted in no particular order
India Automotive Parts Magnesium Die Casting Market Concentration
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India Automotive Parts Magnesium Die Casting Market News

  • May 2022: GF Casting Solutions announced turnkey solutions to the many complex issues faced by automotive, showcasing its agility with its pioneering approach to developing electric drive components as well as lightweight structural parts.
  • January 2022: Bühler Group, a leading supplier of die-casting equipment, launched a new magnesium die-casting machine called "Carat 560 SM". The machine is designed for the high-volume production of lightweight automotive parts and is equipped with new features that enhance productivity and efficiency.

India Automotive Parts Magnesium Die Casting Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Favorable Properties of Magnesium Led to Increased Adoption in Automobile Sector
    • 4.1.2 Others
  • 4.2 Market Restraints
    • 4.2.1 Cost and Innovation in Alternate Production Processes
    • 4.2.2 Others
  • 4.3 Porter's Five Forces 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 Cating
    • 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 Applications

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 JPM Group
    • 6.2.2 Sundaram Clayton Ltd.
    • 6.2.3 Meridian Lightweight Technologies Inc.
    • 6.2.4 Dynacast Internationa;
    • 6.2.5 Sandhar Group
    • 6.2.6 Pace Industries
    • 6.2.7 Magic Precision
    • 6.2.8 Ryobi Die Casting
    • 6.2.9 Shiloh Industries Inc.
    • 6.2.10 George Fischer Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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India Automotive Parts Magnesium Die Casting Industry Segmentation

Automotive parts magnesium die casting is a manufacturing process that involves injecting molten magnesium into a mold to create high-precision and complex parts used in automobiles. It offers benefits such as lightweight, high strength, and durability, making it an ideal choice for producing parts in the automotive industry.

The Indian automotive parts magnesium die casting market is segmented by the production process and application type. By production process, the market is segmented by pressure die casting, vacuum die casting, squeeze die casting, and semi-solid die casting. By application type, the market is segmented by body assemblies, engine Parts, transmission parts, and other applications.

The report offers market size and forecasts in terms of value (in USD) for all the above segments.

Production Process Type Pressure Die Casting
Vacuum Die Cating
Squeeze Die Casting
Semi-Solid Die Casting
Application Type Body Assemblies
Engine Parts
Transmission Parts
Other Applications
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India Automotive Parts Magnesium Die Casting Market Research Faqs

How big is the India Automotive Parts Magnesium Die Casting Market?

The India Automotive Parts Magnesium Die Casting Market size is expected to reach USD 243.53 million in 2025 and grow at a CAGR of 6.60% to reach USD 335.22 million by 2030.

What is the current India Automotive Parts Magnesium Die Casting Market size?

In 2025, the India Automotive Parts Magnesium Die Casting Market size is expected to reach USD 243.53 million.

Who are the key players in India Automotive Parts Magnesium Die Casting Market?

Sundaram Clayton Limited, Sandhar Group, Dynacast Inc., Meridian Lightweight Technologies Inc and JPM Group are the major companies operating in the India Automotive Parts Magnesium Die Casting Market.

What years does this India Automotive Parts Magnesium Die Casting Market cover, and what was the market size in 2024?

In 2024, the India Automotive Parts Magnesium Die Casting Market size was estimated at USD 227.46 million. The report covers the India Automotive Parts Magnesium Die Casting Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Automotive Parts Magnesium Die Casting Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Automotive Parts Magnesium Die Casting Industry Report

Statistics for the 2025 India Automotive Parts Magnesium Die Casting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Automotive Parts Magnesium Die Casting analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.