Automotive Parts Magnesium Die Casting Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 5.82 Billion
CAGR (2026-2031)	7.24%
Fastest Growing Segment	Pressure Die Casting
Largest Market	Asia Pacific
Market Size (2031)	USD 8.85 Billion

Market Overview

The Global Automotive Parts Magnesium Die Casting Market will grow from USD 5.82 Billion in 2025 to USD 8.85 Billion by 2031 at a 7.24% CAGR. Automotive parts magnesium die casting is a precision manufacturing process involving the injection of molten magnesium alloys into reusable steel molds to create highly durable and extremely lightweight vehicle components. The primary driver supporting this market is the automotive industry's critical need for weight reduction which directly correlates with improved fuel efficiency for internal combustion engines and extended driving range for electric vehicles. These structural requirements for lightweighting act as permanent industry pillars rather than temporary market trends by addressing long term regulatory mandates for lower emissions and higher performance.

A significant challenge that could impede market expansion is the susceptibility of magnesium to galvanic corrosion which necessitates expensive surface treatments and complicates assembly with other metals. Despite this technical hurdle the production of the primary material for these components has shown robust growth. According to the China Magnesium Association, in 2024, the annual production of magnesium alloys increased by approximately 15 percent from the previous year to reach 396,800 tonnes.

Key Market Drivers

Accelerating Adoption of Electric and Hybrid Vehicles serves as the foremost catalyst propelling the Global Automotive Parts Magnesium Die Casting Market. As manufacturers strive to offset the substantial mass of battery packs, magnesium’s superior strength-to-weight ratio becomes indispensable for extending driving range without compromising structural integrity. This demand for extreme lightweighting has shifted magnesium from a niche material to a core element in powertrain and structural components, encouraging Tier 1 suppliers to expand their specialized production capacities. According to Wanfeng Auto Wheel, February 2025, in the '2024 Annual Report', the company's Aluminum-Magnesium Alloy lightweight automotive metal components business achieved a revenue of 13.45 billion yuan in 2024, highlighting the immense capital flowing into this sector to meet the electrification mandate.

Advancements in High-Pressure Die Casting Technologies are simultaneously revolutionizing the market by enabling the production of larger, thinner-walled, and more complex integrated components. Modern casting techniques allow for the consolidation of multiple parts into single mega-castings, significantly reducing assembly time and manufacturing costs while enhancing vehicle rigidity. This technological maturation has validated the commercial viability of magnesium in critical automotive applications, evidenced by significant valuations of specialized casting divisions. According to GF Casting Solutions, August 2025, in the press release 'GF sells automotive business to Nemak', the division specializing in these lightweight casting solutions generated annual sales of approximately 622 million Swiss francs in 2024. Furthermore, the broader material supply chain is recovering to support this technological expansion; according to Light Metal Age, May 2025, in the article 'Global Magnesium Market: Supply, Demand, and Future Outlook', the global primary magnesium market rebounded to reach 1 million tonnes in 2024.

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Key Market Challenges

Galvanic corrosion represents a substantial technical obstacle restricting the scalability of the global automotive parts magnesium die casting market. Magnesium possesses a high electrochemical potential, causing it to degrade rapidly when coupled with dissimilar metals like steel or aluminum in the presence of electrolytes. This inherent characteristic compels manufacturers to implement rigorous isolation techniques and apply advanced protective coatings, introducing significant complexity to the vehicle assembly process. The requirement for these additional processing steps directly increases unit costs, often negating the value proposition of weight reduction for cost-sensitive economy vehicle platforms.

This challenge creates a noticeable gap between raw material availability and its actual application in finished auto parts. While the upstream supply chain remains active and capable of supporting higher volumes, downstream absorption is tempered by these fabrication-related expenses. According to the International Magnesium Association, in 2024, China's overall magnesium exports increased by 13%, reflecting a growing global availability of the metal. However, the persistent need for expensive corrosion mitigation strategies forces automotive OEMs to limit magnesium adoption to specific structural applications, thereby hampering the market's potential for broader expansion into high-volume segments.

Key Market Trends

The Implementation of Large-Scale Integrated Gigacasting Techniques is fundamentally restructuring the competitive landscape by necessitating significant capital consolidation among suppliers to support the deployment of massive die-casting cells. Unlike the technical validation of larger components, the current market phase is defined by the financial imperative to acquire the specialized infrastructure required for these mega-castings, driving a wave of strategic mergers and acquisitions. This consolidation is exemplified by major cross-border transactions aimed at securing high-tonnage casting assets. According to Nemak, July 2025, in the announcement regarding the acquisition of GF Casting Solutions, the company agreed to an enterprise value of approximately $336 million to acquire the division’s specialized facilities, explicitly positioning itself to meet the growing OEM demand for large-scale, integrated lightweight structures.

Simultaneously, the Adoption of Secondary Magnesium Alloys for Circular Economy Compliance is gaining momentum as manufacturers seek to decouple material sourcing from energy-intensive primary production methods. This trend is moving beyond simple recycling to the commercial validation of high-purity alloys derived entirely from industrial waste streams, effectively closing the loop for automotive supply chains facing stringent carbon footprint mandates. The viability of this sustainable sourcing model has recently been confirmed by operational breakthroughs in recovery technologies. According to Latrobe Magnesium, December 2025, in the 'Projects Australia' update, the company's demonstration facility successfully validated a production capacity of 1,000 tonnes per annum using waste materials, underscoring the scalability of secondary magnesium as a critical feedstock for the next generation of eco-compliant vehicle components.

Segmental Insights

Pressure Die Casting represents the fastest growing segment in the Global Automotive Parts Magnesium Die Casting Market due to the imperative shift toward vehicle lightweighting. This growth is largely fueled by the need to comply with rigorous emission and fuel efficiency targets mandated by authorities such as the US Environmental Protection Agency. The method is extensively utilized because it enables the high-volume production of complex and durable components with excellent dimensional accuracy. Manufacturers increasingly rely on this technique to produce lighter parts that enhance vehicle performance and range while maintaining structural strength.

Regional Insights

Asia Pacific maintains a leading position in the global automotive parts magnesium die casting market due to the robust automotive manufacturing sector in countries like China and India. This dominance is largely supported by China controlling a significant portion of the global magnesium supply, which provides regional manufacturers with distinct cost advantages and raw material security. Additionally, the increasing focus on vehicle lightweighting to meet stringent fuel economy standards and enhance electric vehicle range drives the adoption of magnesium die cast components for body and powertrain applications across the region.

Recent Developments

In August 2025, Nemak announced an agreement to acquire the automotive business of GF Casting Solutions in a transaction valued at approximately US$336 million. This acquisition encompasses a network of high-pressure die casting plants across Europe, China, and the United States, which specialize in complex magnesium and aluminum components. The deal is designed to bolster the company's capabilities in producing lightweight structural and e-mobility parts. By integrating these assets, the organization aims to diversify its product portfolio and accelerate its growth in the sustainable mobility sector, catering to the evolving needs of premium global automakers.
In November 2024, SAIC Motor publicly launched its second-generation magnesium alloy electric drive housing, marking a significant technological advancement in automotive manufacturing. This component is the world's first mass-produced magnesium alloy electric drive housing utilized in a semi-solid die casting process. Weighing only 13.7 kg and crafted from AZ91D alloy, the housing provides superior strength and substantial weight reduction for electric drivetrains. This breakthrough highlights the successful industrial application of semi-solid magnesium casting techniques, which are essential for enhancing the performance and sustainability of modern electric vehicles through effective weight management.
In July 2024, Baowu Magnesium Industry collaborated with Suzhou Inovance Joint Power System Co., Ltd. to jointly release a lightweight magnesium alloy electric drive assembly. Unveiled at a prominent industry exhibition, this new product offers a weight reduction of 2.5 kg to 7 kg compared to conventional aluminum alternatives. This innovation addresses the critical need for lightweighting in new energy vehicles to improve driving range and efficiency. The cooperation illustrates the growing trend of utilizing magnesium die casting technologies for complex powertrain components, establishing a new benchmark for material application in the electric vehicle supply chain.
In May 2024, GF Casting Solutions announced a capital investment of more than $184 million to build a new manufacturing facility in Augusta, Georgia. This modern plant will focus on producing high-pressure die cast aluminum and magnesium parts, specifically targeting large structural components for the automotive industry. The initiative is intended to meet the rising demand for lightweight solutions in the e-mobility sector. By establishing this facility, the company aims to strengthen its global presence and provide advanced manufacturing capabilities to North American automotive customers, ensuring the supply of critical components for next-generation vehicles.

Key Market Players

Chicago White Metal Casting Inc.
Sandhar Group
Georg Fischer AG
Gibbs Die Casting Group
Magic Precision Ltd.
Meridian Lightweight Technologies Inc.
Morimura Bros Ltd.
Tadir-Gan Group
Pace Industries
Shiloh Industries Inc.

By Production Process	By Application	By Region
Pressure Die Casting Vacuum Die Casting Squeeze Die Casting Gravity Die Casting	Body Parts Engine Parts Transmission Parts Other Applications	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Automotive Parts Magnesium Die Casting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Automotive Parts Magnesium Die Casting Market, By Production Process:

Pressure Die Casting
Vacuum Die Casting
Squeeze Die Casting
Gravity Die Casting

Automotive Parts Magnesium Die Casting Market, By Application:

Body Parts
Engine Parts
Transmission Parts
Other Applications

Automotive Parts Magnesium Die Casting Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Parts Magnesium Die Casting Market.

Available Customizations:

Global Automotive Parts Magnesium Die Casting Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Automotive Parts Magnesium Die Casting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Automotive Parts Magnesium Die Casting Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Production Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, Gravity Die Casting)

5.2.2. By Application (Body Parts, Engine Parts, Transmission Parts, Other Applications)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Automotive Parts Magnesium Die Casting Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Production Process

6.2.2. By Application

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Automotive Parts Magnesium Die Casting Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Production Process

6.3.1.2.2. By Application

6.3.2. Canada Automotive Parts Magnesium Die Casting Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Production Process

6.3.2.2.2. By Application

6.3.3. Mexico Automotive Parts Magnesium Die Casting Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Production Process

6.3.3.2.2. By Application

7. Europe Automotive Parts Magnesium Die Casting Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Production Process

7.2.2. By Application

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Automotive Parts Magnesium Die Casting Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Production Process

7.3.1.2.2. By Application

7.3.2. France Automotive Parts Magnesium Die Casting Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Production Process

7.3.2.2.2. By Application

7.3.3. United Kingdom Automotive Parts Magnesium Die Casting Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Production Process

7.3.3.2.2. By Application

7.3.4. Italy Automotive Parts Magnesium Die Casting Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Production Process

7.3.4.2.2. By Application

7.3.5. Spain Automotive Parts Magnesium Die Casting Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Production Process

7.3.5.2.2. By Application

8. Asia Pacific Automotive Parts Magnesium Die Casting Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Production Process

8.2.2. By Application

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Automotive Parts Magnesium Die Casting Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Production Process

8.3.1.2.2. By Application

8.3.2. India Automotive Parts Magnesium Die Casting Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Production Process

8.3.2.2.2. By Application

8.3.3. Japan Automotive Parts Magnesium Die Casting Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Production Process

8.3.3.2.2. By Application

8.3.4. South Korea Automotive Parts Magnesium Die Casting Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Production Process

8.3.4.2.2. By Application

8.3.5. Australia Automotive Parts Magnesium Die Casting Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Production Process

8.3.5.2.2. By Application

9. Middle East & Africa Automotive Parts Magnesium Die Casting Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Production Process

9.2.2. By Application

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Automotive Parts Magnesium Die Casting Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Production Process

9.3.1.2.2. By Application

9.3.2. UAE Automotive Parts Magnesium Die Casting Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Production Process

9.3.2.2.2. By Application

9.3.3. South Africa Automotive Parts Magnesium Die Casting Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Production Process

9.3.3.2.2. By Application

10. South America Automotive Parts Magnesium Die Casting Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Production Process

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Automotive Parts Magnesium Die Casting Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Production Process

10.3.1.2.2. By Application

10.3.2. Colombia Automotive Parts Magnesium Die Casting Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Production Process

10.3.2.2.2. By Application

10.3.3. Argentina Automotive Parts Magnesium Die Casting Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Production Process

10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Automotive Parts Magnesium Die Casting Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Chicago White Metal Casting Inc.

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Sandhar Group

15.3. Georg Fischer AG

15.4. Gibbs Die Casting Group

15.5. Magic Precision Ltd.

15.6. Meridian Lightweight Technologies Inc.

15.7. Morimura Bros Ltd.

15.8. Tadir-Gan Group

15.9. Pace Industries

15.10. Shiloh Industries Inc.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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