Japan Automotive Parts Magnesium Die casting Market
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
- Government initiatives to reduce the automobile emissions
- Consumer popularity for fuel efficient cars
- Advancements in the die casting industry
- Go-green agenda in the country
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:
- Georg Fischer Limited
- Gibbs Die Casting Group
- Magic Precision Inc.
- Meridian Lightweight Technologies
- Morimura Bros. Inc.
- Pace Industries
- Ryobi Die Casting Inc.
What the Report Offers
- This report on Japan’s automotive parts magnesium die casting market analyzes the current market trends in Japan, in detail.
- This report offers the technical aspects and economic data of the market and its forecast for the next 5 years (2015-2020).
- It also discusses the latest technologies in Japan’s automotive magnesium die casting alloys and parts that are under development and in the research pipeline.
- This report provides the list of major players in the market and gives an in-depth analyst perspective of what makes the products and strategies of these players stand out.
