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United Kingdom Automotive Parts Magnesium Die Casting Market: By Production: Pressure Die Casting, Vacuum Die Casting, Gravity Die Casting, Others; By Application: Body Parts, Engine Parts, Transmission Parts, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
United Kingdom Automotive Parts Magnesium Die Casting Market Outlook
The United Kingdom automotive parts magnesium die casting market size is projected to grow at a CAGR of 5.20% between 2024 and 2032. The market expansion is being propelled by the rising focus on enhancing the efficiency of vehicles.
Key Trends in the Market
Die casting is a process involving molten metal which is poured or injected into moulds under high pressure to create detailed and complex parts. In this case of manufacturing, magnesium is utilised to produce various automotive parts. Magnesium is a lightweight metal known for its excellent strength-to-weight ratio, which makes it a desirable material for automotive applications.
- One of the primary factors propelling the United Kingdom automotive parts magnesium die casting market growth is the growing need for lightweight vehicles due to stringent environmental regulations. These regulations are imposed to control CO2 emissions, leading to a shift in interest among automotive manufacturers to focus on utilising lightweight metals.
- The United Kingdom is ranked among the largest markets for automobiles in the world. This can be credited to several factors such as the high income of the population and the presence of prominent automobile manufacturers and component producers. With the increase in the adoption of lightweight vehicles, the United Kingdom automotive parts magnesium die casting market demand is expected to grow during the forecast period.
- Automotive design is undergoing rapid evolution, with an emphasis on aerodynamics, aesthetics, and functionality. The versatility of magnesium in die casting allows for the production of intricate and complex designs. This is a crucial United Kingdom automotive parts magnesium die casting market trend as it provides automotive designers with the freedom to create unique and streamlined components that meet both aesthetic and performance requirements.
Market Analysis
Based on the production process, the market is segmented into pressure die casting, vacuum die casting, and gravity die casting, among others. The United Kingdom automotive parts magnesium die casting market segmentation, based on application, includes body parts, engine parts, and transmission parts, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom automotive parts magnesium die casting market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Inodus Ltd
- The Rencol Group
- Georg Fischer Ltd.
- Sinotech Ltd
- Arrk Europe Ltd.
- Ibex Engineering Pvt. Ltd.
- Aeromet International Ltd.
- Creasey Castings Ltd.
- Dynacast
- Others
Market Share by Production Process
According to the United Kingdom automotive parts magnesium die casting market analysis, pressure die casting is likely to grow rapidly during the forecast period. With the ever-rising demand for fuel-efficient and high-performance vehicles, pressure die casting is increasingly used in manufacturing processes. It allows manufacturers to create complex components without sacrificing speed and precision.
Market Share by Application
Body parts are likely to hold a significant portion of the United Kingdom automotive parts magnesium die casting market share. The lightweight and durable characteristics of the metal and other advantages such as high strength-to-weight ratio, good dimensional stability, and excellent machinability make it an attractive choice for manufacturing various automotive body parts.
Competitive Landscape
Dynacast is a global leader in manufacturing known for its expertise in metal injection moulding and precision die casting. The company’s history dates to 1912 beginning its operations in a small shop. It specialises in producing small, complex metal components for a wide range of sectors, including automotive, electronics, healthcare, consumer goods, and more.
Creasey Castings Ltd. is a United Kingdom-based magnesium and aluminium sand-casting company. The company manufactures components mainly for the automotive sector. It also provides different services including chromate and powder coating, casting, and pattern equipment manufacturing.
Aeromet International Ltd. is a United Kingdom-based company specialising in the design and production of high-performance aluminium and magnesium castings. It is known for its innovative casting solutions, particularly in the aerospace and defence sectors. The company was established in 1974 and has since manufactured various advanced casting alloys.
Other United Kingdom automotive parts magnesium die casting market players include Inodus Ltd, The Rencol Group, Georg Fischer Ltd., Sinotech Ltd, Arrk Europe Ltd., and Ibex Engineering Pvt. Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Production |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automotive Parts Magnesium Die Casting Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Parts Magnesium Die Casting Historical Market (2018-2023)
8.3 Global Automotive Parts Magnesium Die Casting Market Forecast (2024-2032)
8.4 Global Automotive Parts Magnesium Die Casting Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 United Kingdom Automotive Parts Magnesium Die Casting Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Automotive Parts Magnesium Die Casting Historical Market (2018-2023)
9.3 United Kingdom Automotive Parts Magnesium Die Casting Market Forecast (2024-2032)
10 United Kingdom Automotive Parts Magnesium Die Casting Market by Production Process
10.1 Pressure Die Casting
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Vacuum Die Casting
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Gravity Die Casting
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United Kingdom Automotive Parts Magnesium Die Casting Market by Application
11.1 Body Parts
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Engine Parts
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Transmission Parts
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Inodus Ltd
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 The Rencol Group
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Georg Fischer Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Sinotech Ltd
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Arrk Europe Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Ibex Engineering Pvt. Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Aeromet International Ltd.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Creasey Castings Ltd.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Dynacast
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Parts Magnesium Die Casting Market: Key Industry Highlights, 2018 and 2032
2. United Kingdom Automotive Parts Magnesium Die Casting Market: Key Industry Highlights, 2018 and 2032
3. United Kingdom Automotive Parts Magnesium Die Casting Historical Market: Breakup by Production Process (USD Million), 2018-2023
4. United Kingdom Automotive Parts Magnesium Die Casting Market Forecast: Breakup by Production Process (USD Million), 2024-2032
5. United Kingdom Automotive Parts Magnesium Die Casting Historical Market: Breakup by Application (USD Million), 2018-2023
6. United Kingdom Automotive Parts Magnesium Die Casting Market Forecast: Breakup by Application (USD Million), 2024-2032
7. United Kingdom Automotive Parts Magnesium Die Casting Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.20% between 2024 and 2032.
The market is being driven by the increasing demand for lightweight vehicles and the presence of large automotive players in the United Kingdom.
The market growth is guided by the implementation of policies to reduce CO2 emissions and the versatility of magnesium alloy for the manufacturing of automotive parts.
Magnesium alloys provide various advantages as a die-casting metal including higher strength, durability, heat transfer, and recyclability.
The various production processes are pressure die casting, vacuum die casting, and gravity die casting, among others.
The different applications of the product include body parts, engine parts, and transmission parts, among others.
The key players in the market are Inodus Ltd, The Rencol Group, Georg Fischer Ltd., Sinotech Ltd, Arrk Europe Ltd., Ibex Engineering Pvt. Ltd., Aeromet International Ltd., Creasey Castings Ltd., and Dynacast, among others.
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