5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
Japan’s market for automotive parts magnesium die casting is expected to grow at a CAGR of 12.08% during the forecast period. The market is primarily driven by the automotive industry of the country, which is one of largest industries in the global market. The country is one of the leading magnesium raw material importers globally. Japan is also one of the largest car producing nations in the world. The country is home to some of the major automotive component manufacturers to the OEMs like Aisin Seiki, Alpine Electronics, Sumitomo, Denso Corporation. Demand for lightweight and fuel efficient components as well as sturdy components primarily in the manufacturing of passenger automotive vehicles has helped to steer the demand of the magnesium automotive parts die casting market from the component manufacturers in the country.
Magnesium, being the lightest of all structural materials, becomes a preferred choice of material used in the die casting process. The benefits of using magnesium components in the vehicles are compelling. Magnesium is around 70% lighter than steel, and 33% lighter than aluminum. In addition, it also offers component and feature integration and provides a high dimensional stability that improves fit and finish. Therefore, with the advantage of greater strength, stability and rigidity along with inherent EMI/RFI shielding, durability, heat-dissipation, and full recyclability features, magnesium is the most preferred die-casting alloy.
Japan’s Automotive Parts Magnesium Die Casting Industry- Drivers
The market is segmented based on the production process type (pressure die casting, vacuum die casting, squeeze die casting, semi-solid die casting) and application type (engine parts, transmission parts, body parts). Among the production process types, pressure die-casting is expected to continue to dominate the market in the forecast period. Vapour die-casting is one of the most commonly used die-casting methods in Japan and is expected to dominate the market at the end of the forecast period.
Some of the key players in the market are:
What the Report Offers
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
+1 617-765-2493
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.
Interested? Please email us
[email protected]© 2020. All Rights Reserved to Mordor Intelligence.