Magnesium is an attractive material for automotive use, primarily because of its light weight - 36% lighter per unit volume than aluminum and 78% lighter than iron
This report contains market size and forecasts of Automotive Magnesium Components in global, including the following market information:
Global Automotive Magnesium Components Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Automotive Magnesium Components Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Automotive Magnesium Components companies in 2021 (%)
The global Automotive Magnesium Components market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Chassis Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Magnesium Components include Wanfeng Auto Holding Group, Ryobi Group, TSUKUBA DIECASTING, Jiangsu Zhongyi, Dowell, EONTEC and Nanjing Yunhai Special Metals, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive Magnesium Components manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Magnesium Components Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Magnesium Components Market Segment Percentages, by Type, 2021 (%)
Chassis
Rim
Steering Wheel
Seat Frame
Door Frame
Instrument Panel Frame
Engine Block
Others
Global Automotive Magnesium Components Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Magnesium Components Market Segment Percentages, by Application, 2021 (%)
Passenger Car
Commercial Vehicle
Global Automotive Magnesium Components Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Magnesium Components Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Magnesium Components revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Automotive Magnesium Components revenues share in global market, 2021 (%)
Key companies Automotive Magnesium Components sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Automotive Magnesium Components sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Wanfeng Auto Holding Group
Ryobi Group
TSUKUBA DIECASTING
Jiangsu Zhongyi
Dowell
EONTEC
Nanjing Yunhai Special Metals