Automotive Magnesium Components Market
Automotive Magnesium Components Market Size and Growth
The Automotive Magnesium Components market is experiencing significant growth due to increasing demand for lightweight materials to improve fuel efficiency. As of 2023, the market size is projected to reach approximately $4 billion. Factors such as innovations in manufacturing processes and rising environmental awareness are influencing market dynamics favorably.
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Companies Covered
(Covid 19 Impact Covered)
◍ Wanfeng Auto Holding Group
◍ Ryobi Group
◍ TSUKUBA DIECASTING
◍ Jiangsu Zhongyi
◍ Dowell
◍ EONTEC
◍ Nanjing Yunhai Special Metals
The Automotive Magnesium Components Market features key players like Wanfeng Auto Holding Group, Ryobi Group, and Jiangsu Zhongyi, focusing on lightweight, durable materials. These companies enhance market growth through innovation and production efficiency. Selected sales revenues include:
- Wanfeng Auto Holdings: $1 billion
- Ryobi Group: $4.2 billion Request Sample Report
Market Segmentation
By Application
Passenger Car
Commercial Vehicle Request Sample Report
By Product
Chassis
Rim
Steering Wheel
Seat Frame
Door Frame
Instrument Panel Frame
Engine Block
Others
Market Growth
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$ X Billion USD
