Automotive Magnesium Components Market Size, Share, and COVID-19 Impact Analysis by Product Type, Application, Regions, Company Market Share, and Regional Forecast, 2022-2030

Publish Date: Mar 2024
Report ID: AT-1179
Base Year: 2023
Report Format: PDF, Excel
Report Pages: 194
Region: Global

According to the Regional Research Reports, the Global Automotive Magnesium Components Market size was valued at million USD in 2021 and will reach multi-million USD by 2030, at a CAGR of 3.4% from 2022 to 2030.

Using magnesium in vehicles can, and does, lower overall weight and improve these conditions. Many large automotive companies have already replaced steel and aluminum with magnesium in various parts of their products. Magnesium is currently being used in gearbox, front end, IP beams, steering column, and driver’s airbag housings, as well as in steering wheels, seat frames, and fuel tank covers. Using magnesium in automotive applications can provide more than just weight savings.

Global Automotive Magnesium Components Market Segmentation

Regional Research Reports has segmented the Global Automotive Magnesium Components market based on product type and application at a regional and global level. Geographically, the research report has considered the five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Moreover, the research study focuses on the market analysis of the tier-1 countries, such as the USA, China, Germany, India, the UK, Japan, France, Italy, Spain, Russia, South Korea, and other territories.

Global Automotive Magnesium Components Market Analysis by Product Type

  • Chassis
  • Rim
  • Steering Wheel
  • Seat Frame
  • Door Frame
  • Instrument Panel Frame
  • Engine Block
  • Others

Global Automotive Magnesium Components Market Analysis by Application

  • Passenger Car
  • Commercial Vehicle

Global Automotive Magnesium Components Market Growth, by Region and Country, 2018-2021, 2022-2030 (US$ Millions)

Global Automotive Magnesium Components Market Analysis by Region and Country

  • North America (US, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • South America (Brazil, Argentina, Peru, Colombia, Rest of South America)
  • The Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA)

Global Automotive Magnesium Components Market Competitive: Key Players

The report includes a comprehensive analysis of leading market players, such as:

  • Key companies Automotive Magnesium Components revenues in the global market, 2018-2021 (Estimated), (US$ Millions)
  • Key companies Automotive Magnesium Components revenues market share in global market, 2021 (%)
  • Key companies Automotive Magnesium Components sold in the global market, 2018-2021 (Estimated)

Leading Automotive Magnesium Components Manufacturers –

  • Wanfeng Auto Holding Group
  • Grupo Antolin
  • Ryobi Group
  • TSUKUBA DIECASTING
  • Jiangsu Zhongyi
  • Dowell
  • EONTEC
  • Nanjing Yunhai Special Metals

(Note: The list of the key market players can be updated with the latest market state and trends)

Automotive Magnesium Components Market Report Covers Details Analysis On:

  • Market Segmentation & Regional Analysis
  • Market Size of 10 years
  • Pricing Analysis
  • Supply & Demand Analysis
  • Product Life Cycle Analysis
  • Porter's Five Forces & Value/Supply Chain Analysis
  • Developed & Emerging Economies Analysis
  • PESTEL Analysis
  • Market and Forecast Factor Analysis
  • Market Opportunities, Risks, & Trends
  • Conclusion & Recommendation
  • Regulatory Landscape
  • Patent Analysis
  • Competition Landscape
  • 15+ Company Profiles

Automotive Magnesium Components Market Research Methodology

The report is based on analysis through extensive secondary research and primary Interviews.

The secondary data sources include the company website, annual reports, investor presentations, press releases, white papers, journals, certified publications, government websites, and articles from the industry.

Similarly following is the list of a few paid secondary sources/databases,

  • Factiva
  • Statista
  • D&B Hoovers
  • Owler
  • Enlyft
  • HG Insights
  • Bloomberg
  • Crunchbase

The primary sources include CXOs, VPs, directors, technology & innovation directors, product managers, and related executives from key organizations from both the supply and demand sides. Similarly, we have also interviewed various end user organizations. We cannot reveal the end-user organizations due to non-disclosure agreements.

For instance, the region forecast is based on extensive secondary research and primary Interviews. We have conducted primary interviews across the regions to get more region-specific insights. Additionally, primary interviews were conducted with independent consultants and subject matter experts in respective regions. These experts were interviewed to obtain qualitative and quantitative information related to the market and validate the research findings and estimations. The primary and secondary data inputs referred for triangulation and forecast for the region segment are as follows,

  • Top Player's historic revenues and Year on Year Growth
  • Top Players' regional presence and revenue patterns
  • Recent Developments and strategies of vendors and end users (E.g., Mergers & Acquisitions, Partnerships, New Product Launch, and others)
  • R&D Investments & Innovation Landscape
  • Start-up Ecosystem and Funding Initiatives
  • Regulatory Environment and Implications (Country or region Specific)

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