Global
Automotive
Magnesium Alloy Market is
expected to grow at a significant CAGR in the upcoming years as the scope and
its applications are increasing across the globe. Automotive Magnesium Alloy is
light metal alloys which are widely utilized in automobiles original equipment
manufacturing (OEM). The most striking features associated with magnesium
alloys include rigidity, higher strength, ductility, higher specific strength,
high thermal stability, and it is light in weight.
The
factors that propel the growth of the Automotive Magnesium Alloy Market include
increasing demand, rapid urbanization & industrialization, and product
development & technological innovations. Automotive Magnesium Alloy
Industry is classified on the basis of product type, applications, distribution
channel and geography. This market is segmented by product type as wrought
magnesium alloy, cast magnesium alloy and others.
Automotive
Magnesium Alloy Market is classified on applications as passenger vehicles and
commercial vehicles. Automotive Magnesium Alloy Industry is segmented by
distribution channel as online stores, specialty stores and others. Automotive
Magnesium Alloy Market is classified on the basis of geography as North
America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and
Middle East and Africa.
The
North American region consists of the U.S., and Canada. Latin America region
consists of Mexico and Brazil. The Western European region consists of Germany,
Italy, France, England and Spain. The Eastern European region consists of
Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and
Australia & New Zealand. The Middle East and African region consists of
GCC, South Africa and North Africa.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Automotive Magnesium Alloy in these regions,
from 2012 to 2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Automotive Magnesium Alloy market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
STOLFIG
•
TAKATA
•
Autoliv
•
GF
•
Nanjing Yunhai Special Metals
•
DongGuan Eontec
•
Faw Foundry
•
DY Group
•
Shanghai Meridian Magnesium
•
Qingoo Technology
In
case of geographical region, Asia Pacific is expected to account a significant
share of the Automotive Magnesium Alloy. The key factors that attribute to the
growth of this region include growth in vehicle production, rise in disposable
income and ever increasing population. Some of the key players that fuel the
growth of the Automotive Magnesium Alloy Industry include Autoliv, DongGuanEontec,
DY Group, Faw Foundry, GF, Qingoo Technology, Nanjing Yunhai Special Metals,
Shanghai Meridian Magnesium, STOLFIG, TAKATA, and others. The key players are
focusing on inorganic growth to sustain themselves amidst fierce competition.
As such, mergers, acquisitions, and joint ventures are the need of the hour.
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