Magnesium Thixomolding Machine Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The Global Magnesium Thixomolding Machine Market Size is to grow at a CAGR of 5.8% during the forecast period 2022 to 2030.
Magnesium Thixomolding Machine Market Overview:
Demand for magnesium thixoforming machines in various applications such as alloy and plastic molding is driving the growth of this market globally. Additionally, increasing application coverage of Thixomolder Magnesium in various regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa is contributing to the growth of this market globally.
Magnesium thixomolding is a fluid bed mold process for producing magnesium components. Magnesium alloy parts produced in this way are lighter than steel but offer similar strength properties at much lower densities.
Magnesium Thixomolding Machine market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Magnesium Thixomolding Machine market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Segments Covered in Magnesium Thixomolding Machine Market Research:
Market Key Players:
JSW, Kunshan Shengshida Machinery, Buchanan Sales Company, LTC GmbH, Yizumi Machinery, Designfax, ASM International, AB Technology, And Others.
- Type I
- Type II
- Plastic Molding
North America is expected to dominate the global market during the forecast period. In 2021, North America accounted for the largest market share in the global magnesium thixomolding machine industry and is projected to be the fastest-growing regional segment during the forecast period. Among all regions, Asia Pacific is expected to register the highest CAGR from 2021 to 2030 in Latin America. Additionally, the Latin America region is further segmented into Brazil, Argentina, and the Rest of Latin America. In the European region, the magnesium thixomolding machine market includes countries such as Russia, France, Italy, Germany, and United Kingdom. Asia Pacific covers China India Korea Thailand Malaysia Indonesia Vietnam Philippines Singapore Hong Kong Japan Taiwan Middle Eastern and African countries.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
There are various factors driving the growth of the magnesium thixomolding machine market. One factor is the growing demand for magnesium alloy parts in the automotive industry, especially in North America and Europe. There are several key factors expected to drive the growth of the global magnesium thixomolding machine market. Firstly, increasing demand for magnesium alloys in end-use industries such as transportation and construction is one of the major drivers for this market. Second, the increasing R&D activity for magnesium alloys in the automotive industry is another factor. Growing Demand for Eco-Friendly and Cost-Effective Processes - Growing demand for lightweight parts has increased the use of magnesium thixomolding machines.
Magnesium Thixomolding Machine Market report scope:
CAGR of 5.8% from 2022 to 2030.
Type I, Type II
Alloys, Plastic Molding
JSW, Kunshan Shengshida Machinery, Buchanan Sales Company, LTC GmbH, Yizumi Machinery, Designfax, ASM International, AB Technology
Regions and Countries Covered
2017 to 2022
2023 to 2030
Important Points from this Magnesium Thixomolding Machine Market Report
- Estimate Magnesium Thixomolding Machine market potential by analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Magnesium Thixomolding Machine market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions-
What is the CAGR of Magnesium Thixomolding Machine market?
The Magnesium Thixomolding Machine Market is growing at a CAGR of 5.8% During Forecast Period.
What are the key types of Magnesium Thixomolding Machine market?
Type I, Type II
What are the key applications of Magnesium Thixomolding Machine market?
Alloys, Plastic Molding
Who are the key players in Magnesium Thixomolding Machine market?
JSW, Kunshan Shengshida Machinery, Buchanan Sales Company, LTC GmbH, Yizumi Machinery, Designfax, ASM International, AB Technology, And others.