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Market Overview of Global Aluminum magnesium alloy parts castings market:
According to our latest research, the global Aluminum magnesium alloy parts castings market looks promising in the next 5 years. As of 2022, the global Aluminum magnesium alloy parts castings market was estimated at USD 2439.85 million, and it's anticipated to reach USD 3536.61 million in 2028, with a CAGR of 6.38% during the forecast years.
Aluminum magnesium alloy usually refers to the aluminum alloy with magnesium as the main addition element, which has the advantages of high strength, small density, good heat dissipation, etc. Aluminum magnesium alloy parts castings refer to castings made of aluminum magnesium alloy as metal materials. The production process of products can mainly include pressure casting, metal mold casting, sand casting, etc. Aluminum magnesium alloy castings are widely used in automobile, ship, aerospace and national defense, engineering machinery, rail transit, electronic communication and other fields.
Drive
The downstream of the aluminum magnesium alloy castings is mainly in the fields of automobiles, ships, aerospace and national defense, engineering machinery, rail transit, electronic communications, etc. From the perspective of the global market, with the development of the trend of environmental protection and energy conservation, governments of all countries have issued a series of policies to support the development of lightweight vehicles and new energy vehicles. At present, the United States, Germany, Japan and other international automobile powers have introduced relevant policy support to guide the application of automobile lightweight, and introduced a number of policies and measures from technical standards, fiscal and tax policies, science and technology plans and other aspects to promote the rapid development of automobile lightweight materials and products. At present, the United States, Japan, Europe, South Korea and other countries have put forward clear development indicators and technical routes for automobile lightweight. For example, the United States has not only put forward the goal of vehicle lightweight, but also split the goal of the entire system, including body system, chassis, powertrain, focusing on high-strength steel, aluminum, magnesium, titanium alloy nickel alloy, composite materials and other automotive lightweight materials. Due to its early use in automobiles and relatively mature process, aluminum alloy is the preferred lightweight material for many automobile enterprises, and is committed to building an all aluminum body. With the support of governments around the world for the development of automobile lightweight, the demand for aluminum magnesium alloy castings in the global automotive field will continue to increase. According to the data in this research report, among the global aluminum magnesium alloy parts castings, aluminum magnesium alloy parts castings have the largest application market in the automotive field. In the shipbuilding field, aluminum alloy has been used in the shipbuilding industry for nearly a hundred years. With the rapid development of the global shipbuilding industry, more and more attention has been paid to the lightweight of ships. Due to the low density, high strength, high rigidity and corrosion resistance of aluminum, ships built with aluminum by ship designers are 15-20% lighter than ships built with steel or other synthetic materials. The high toughness, corrosion resistance and weldability of aluminum alloy provide a good choice for building ships with strict weight requirements. Therefore, with the continuous development of the ship market, the demand for aluminum magnesium alloy castings in this field will continue to increase.
Region Overview:
In 2021, the share of the Aluminum magnesium alloy parts castings market in China stood at 39.11%.
Company Overview:
Georg Fisher and its three divisions, GF Piping Systems, GF Casting Solutions and GF Machining Solutions, provide products and solutions that can safely transport liquids and gases, as well as light cast parts and high-precision manufacturing technologies. As a leader in sustainable development and innovation, Georg Fisher has been committed to achieving profitable growth for many years while ensuring excellent value for its customers.
Xusheng Co., Ltd. was established in August, 2003, and is committed to the field of new energy vehicles and lightweight automobiles. It is mainly engaged in R&D, production and sales of precision aluminum alloy automobile parts and industrial parts. Its main application areas include precision machining parts of core systems such as transmission system, transmission system, battery system and suspension system of new energy vehicles.
Georg Fisher is one of the major players operating in the Aluminum magnesium alloy parts castings market, holding a share of 5.76% in 2022.
Segmentation Overview:
Pressure casting belongs to precision casting in casting technology, which is a method of filling the cavity with liquid or semi-liquid metal at high pressure and high speed, and forming and solidifying under pressure to obtain castings.
Mold casting is a casting method in which liquid metal is poured into a metal mold to obtain castings.
Sand casting process is a kind of casting method which uses sand as the main molding material to prepare casting mold. Sand casting is the most traditional casting method.
By type, Pressure casting segment accounted for the largest share of market in 2021.
Application Overview:
Its downstream applications are very extensive, including automobile, shipping, aerospace and national defense, construction machinery, rail transit, electronic communication and other fields.
The market's largest segment by application is the segment automobile, with a market share of 63.82%in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Aluminum magnesium alloy parts castings market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Aluminum magnesium alloy parts castings Market Report:
Market Size Estimates: Aluminum magnesium alloy parts castings market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Aluminum magnesium alloy parts castings market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Aluminum magnesium alloy parts castings market
Segment Market Analysis: Aluminum magnesium alloy parts castings market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Aluminum magnesium alloy parts castings market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Aluminum magnesium alloy parts castings Market: Revenue and sales volume of major countries in each region
Aluminum magnesium alloy parts castings Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Aluminum magnesium alloy parts castings market in major regions.
Aluminum magnesium alloy parts castings Industry Value Chain: Aluminum magnesium alloy parts castings market raw materials & suppliers, manufacturing process, distributors, downstream customers
Aluminum magnesium alloy parts castings Industry News, Policies & Regulations
Key players in the global Aluminum magnesium alloy parts castings market are covered in Chapter 12:
NANJING YUNHAI SPECIAL METALS CO., LTD.
Ningbo Xusheng Group Co., Ltd
Ningbo Sinyuan Zm Technology CO.,LTD.
Zhejiang Wanfeng Auto Wheel CO., LTD
Georg Fisher
Wencan Group Co.,Ltd
DGS
Ka Shui International Holdings Ltd
Dongguan Eontec Co.,Ltd
Suzhou Mingzhi Technology Co., Ltd
KSM
In Chapter 2 and Chapter 15.1, based on types, the Aluminum magnesium alloy parts castings market from 2018 to 2028 is primarily split into:
P[ressure casting
Mould casting
Sand mould casting
other
In Chapter 3 and Chapter 15.2, based on applications, the Aluminum magnesium alloy parts castings market from 2018 to 2028 covers:
Automobile
Ship
Aerospace and National Defense
Engineering Machinery
Rail Transit
Electronic Communications
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Aluminum magnesium alloy parts castings market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028