| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Russia Automotive Parts Magnesium Die Casting Market Analysis
The Russia Automotive Parts Magnesium Die Casting Market is expected to register a CAGR of greater than 6% during the forecast period.
- Owing to the high demand of automobiles in the region, Russia 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.
Russia Automotive Parts Magnesium Die Casting Market Trends
Increased Application in Body Assemblies
Key body structure applications, such as floor rails, shock towers, and pillars, are now being manufactured using high-pressure non-ferrous castings. The use of magnesium in automotive body parts is limited, but it has recently been observed to be expanding.
GM has been employing a single-piece die-cast roof frame, since the introduction of C-5 Corvette in 1997. Cadillac XLR roadster's retractable hardtop convertible roof and top frame employ magnesium alloys. SUVs and Ford F-150 trucks are coated with magnesium castings, for the vehicles' radiator support, and Dodge Viper is coated with one-piece magnesium front-of-dash die casting. In Europe, for body panel applications, the German auto giants, Volkswagen and Mercedes, have employed thin-wall magnesium die castings. Thin-wall casing application constitutes a major part of magnesium usage in the automotive industry. Thin-wall die castings, such as closure inners, can often offset the material cost penalty of magnesium, over steel sheet metal construction, due to part consolidation.
The first magnesium die-cast closure to ever meet 55 mph rear crash requirements is used in liftgate inner panel, and the part is found in 2010 Lincoln MKT. The key aspect of manufacturing thin-wall castings, which are approximately less than 2mm, lies in the design of casting, using proper radii, and smooth die-filling of the ribs to stiffen the parts.
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Environmental Regulations
The growing market for light weight vehicles to reduce CO emissions is identified as one of the primary drivers for growth in this market. Recent regulations, such as, the decision of Environmental Protection Agency (EPA) to raise mile per gallon standards to 35.5 miles per gallon by 2016, and then 54.5 mpg by 2025 have induced automotive manufacturers to shift their focus to the use of light-weight metals for producing automobile parts.
Rules imposed by Occupational Safety and Health Administration (OSHA) to develop the technical workforce in the die casting industry are expected to improve the overall production of the market. Moreover, initiatives by National Air Duct Cleaners Association (NADCA) to advance the technical workforce in the industry of die casting are also anticipated to foster the market growth.
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Russia Automotive Parts Magnesium Die Casting Industry Overview
Meridian Light Weight Technologies, Pace Industries, Shiloh Industries, Inc., Georg Fischer AG, Gibbs Die Casting (Koch Enterprises), and Dynacast are some of the major players in the global automotive parts magnesium die casting market.
The Russia market for automotive parts magnesium die casting is Fragmented. Meridian Light Weight Technologies emerged as the single largest supplier of magnesium automotive die-cast components, in 2019, followed by Brazil-based Rima. The key players in the market have focused their revenues on R&D to come up with better production processes and alloys. This strategy will assist in the production of premium quality die-cast parts for the global automotive and industrial sectors. The key players have also expanded their reign, globally, by various mergers, expansions, and acquisitions.
Russia Automotive Parts Magnesium Die Casting Market Leaders
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Gibbs Die Casting Group
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Pace Industries
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Shiloh Industries
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George Fischer Ag
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Meridain Lightweight Technologies
- *Disclaimer: Major Players sorted in no particular order
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Russia Automotive Parts Magnesium Die Casting Industry Segmentation
The Russia 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 |
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Russia Automotive Parts Magnesium Die Casting Market Research FAQs
What is the current Russia Automotive Parts Magnesium Die Casting Market size?
The Russia Automotive Parts Magnesium Die Casting Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)
Who are the key players in Russia Automotive Parts Magnesium Die Casting Market?
Gibbs Die Casting Group, Pace Industries, Shiloh Industries, George Fischer Ag and Meridain Lightweight Technologies are the major companies operating in the Russia Automotive Parts Magnesium Die Casting Market.
What years does this Russia Automotive Parts Magnesium Die Casting Market cover?
The report covers the Russia Automotive Parts Magnesium Die Casting Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Russia Automotive Parts Magnesium Die Casting Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Russia Automotive Parts Magnesium Die Casting Industry Report
Statistics for the 2025 Russia Automotive Parts Magnesium Die Casting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Automotive Parts Magnesium Die Casting analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
