Automotive Parts Magnesium Die Casting Market (By Type: Bracket, Housing, and Others; By Application: Passenger Vehicles and Commercial Vehicles; By Region: North America, Europe, Asia Pacific, and LAMEA) Industry Size, Share, Growth, Trends 2025 to 2034
The global automotive parts magnesium die casting market size with valued at USD 1,841 million in 2024, is projected to reach approximately USD 5,088 million by 2034. This robust growth, driven by increasing demand for lightweight and fuel-efficient automotive components, is expected at a CAGR of 10.7%.
| Reports Attributes | Statistics |
| Market Size in 2024 | USD 1,841 Million |
| Market Size in 2025 | USD 2,038 Million |
| Market Size in 2031 | USD 3,750 Million |
| Market Size by 2034 | USD 5,088 Million |
| CAGR 2025 to 2034 | 10.7% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
The automotive parts magnesium die-casting market is evolving rapidly as the EV segment is growing and demanding greater vehicle mass reduction to increase battery range, and as die-casting technology continues to advance in precision, speed, and defect control. Asia-Pacific, especially the European regions, is also experiencing tremendous growth, driven by the expansion of automotive manufacturing, rising local foundry investments, and the growing use of magnesium alloys. Growth is checked by these issues, however, such as the relatively high price of magnesium relative to aluminum, volatility of supply chains and raw materials (particularly in the context of the concentrated global supply base of magnesium), and the technical difficulty of manufacturing in significant volumes and thin-walled magnesium die-cast components to automotive quality.
Smart manufacturing, artificial intelligence AI-controlled process management, automated multi-axis casting lines, and scrap magnesium recycling are also expected to accelerate market development, aiming to reduce costs and improve sustainability. With lightweighting, electrification, and sustainability requirements escalating, magnesium die casting for the automotive parts market will become a highly significant enabler of future vehicle performance, regulatory, and cost requirements.
| Regions | Shares (%) |
| North America | 25% |
| Asia Pacific | 50% |
| Europe | 20% |
| LAMEA | 5% |
| Segments | Shares (%) |
| Bracket | 50% |
| Housing | 40% |
| Others | 10% |
| Segments | Shares (%) |
| Passenger Vehicles | 70% |
| Commercial Vehicles | 30% |
Published by Ajit Bansod
