Market Size of France Automotive Parts Magnesium Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
France Automotive Parts Magnesium Die Casting Market Analysis
The France Automotive Parts Magnesium Die Casting Market is projected to grow with a CAGR of more than 6 % during the forecast period.
- Owing to the high demand of automobiles in the region, United States is one of the largest markets for automobiles in the world. the presence of leading automobile manufacturers as well as the component manufacturers is driving the growth in the region.
- However, because of the ongoing trade war between United States and France, the economy is expected to be heading towards a recession and the automobile sales are expected to witness a downfall for a couple of years until the end of trade tensions.
- With the increase in adoption of light weight ferrous materials to reduce the weight of automobile, majorly driven by the stringent policies imposed by CAFÉ standards to cut emission and increase fuel efficiency of the vehicle is driving growth in the market.
- Rules imposed by OSHA and NADCA policies to improve the technical workforce are expected to improve production standards in the die casting industry.
France Automotive Parts Magnesium Die Casting Industry Segmentation
The France Automotive Parts Magnesium Die Casting Market report covers a detailed study on the latest trends and innovations in the market which is segmented by is Segmented by Production Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting and Semi-Solid Die Casting), Application Type (Engine Parts, Transmission Components, Body Parts and Others). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.
| Production Process Type | |
| Pressure Die Casting | |
| Vacuum Die Casting | |
| Squeeze Die Casting | |
| Semi-Solid Die Casting |
| Application Type | |
| Engine Parts | |
| Transmission Components | |
| Body Parts | |
| Others |
France Automotive Parts Magnesium Die Casting Market Size Summary
The France Automotive Parts Magnesium Die Casting Market is experiencing a positive growth trajectory, driven by the increasing demand for lightweight vehicles and the adoption of magnesium die casting in automotive applications. This growth is largely attributed to the stringent environmental regulations aimed at reducing CO emissions and enhancing fuel efficiency. The market is characterized by the use of magnesium in various automotive body parts, such as floor rails, shock towers, and pillars, with European automotive giants like Volkswagen and Mercedes leading the way in employing thin-wall magnesium die castings for body panel applications. The market is also influenced by policies from OSHA and NADCA, which are expected to improve production standards and technical workforce capabilities in the die casting industry.
Despite the positive growth outlook, the market faces challenges due to economic tensions, such as the trade war between the United States and France, which could impact automobile sales in the short term. However, the presence of major automotive and component manufacturers in the region continues to drive market expansion. Key players in the market, including Meridian Light Weight Technologies, Pace Industries, and Shiloh Industries, are focusing on research and development to enhance production processes and develop better alloys. This strategic focus, along with global expansions through mergers and acquisitions, is expected to bolster the market's growth and position France as a significant player in the global automotive parts magnesium die casting industry.
France Automotive Parts Magnesium Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Production Process Type
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2.1.1 Pressure Die Casting
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2.1.2 Vacuum Die Casting
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2.1.3 Squeeze Die Casting
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2.1.4 Semi-Solid Die Casting
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2.2 Application Type
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2.2.1 Engine Parts
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2.2.2 Transmission Components
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2.2.3 Body Parts
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2.2.4 Others
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France Automotive Parts Magnesium Die Casting Market Size FAQs
What is the current France Automotive Parts Magnesium Die Casting Market size?
The France Automotive Parts Magnesium Die Casting Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in France Automotive Parts Magnesium Die Casting Market?
Gibbs Die Casting Group, Pace Industries, Shiloh Industries Inc., George Fischer AG and Meridian Lightweight Technologies are the major companies operating in the France Automotive Parts Magnesium Die Casting Market.
