Key Insights
The North American automotive parts magnesium die casting market is projected for substantial growth. This expansion is driven by increasing demand for lightweight, high-performance components and the automotive industry's commitment to fuel efficiency and emission reduction. With a projected Compound Annual Growth Rate (CAGR) of 8.5%, the market is estimated to reach $1.8 billion by 2024 (base year). Magnesium alloys' superior strength-to-weight ratio enables significant vehicle weight reduction without compromising structural integrity. Manufacturers are increasingly using magnesium die casting for engine components, transmission housings, and complex body parts. Technological advancements in die casting, including enhanced pressure, vacuum, and squeeze methods, alongside semi-solid die casting, are improving fluidity and reducing porosity for higher quality and more intricate designs. The ongoing pursuit of lighter vehicles to meet stringent environmental regulations and consumer demand for better fuel economy is a primary catalyst.
North America Automotive Parts Magnesium Die Casting Market Market Size (In Billion)
Key drivers for this market's robust expansion include the automotive industry's push towards electrification, requiring lighter battery enclosures and powertrain components. The growing adoption of Advanced Driver-Assistance Systems (ADAS) and other electronic components also fuels demand for lightweight, precision-cast housings. Leading companies are investing in research and development to optimize processes and expand product portfolios. Challenges include the cost of raw magnesium and the energy-intensive extraction and processing. Specialized expertise and capital investment for advanced facilities can also be barriers. Despite these hurdles, the trend towards sustainable mobility and continuous technological advancements ensure a positive outlook for the North American automotive parts magnesium die casting market. The United States is expected to lead the regional market due to its extensive automotive manufacturing base and investments in lightweighting technologies.
North America Automotive Parts Magnesium Die Casting Market Company Market Share
This report offers a definitive analysis of the North America Automotive Parts Magnesium Die Casting Market, covering historical data, current trends, and future projections. Designed for industry stakeholders, it utilizes high-traffic keywords and detailed segmentation to provide actionable intelligence for strategic decision-making. The study analyzes the market from 2019 to 2033, with 2024 as the base year and a forecast period of 2024–2033.
North America Automotive Parts Magnesium Die Casting Market Market Concentration & Innovation
The North America Automotive Parts Magnesium Die Casting Market is characterized by a moderate level of market concentration. Key players like Pace Industries, Brabant Alucast, Shiloh Industries Inc, Gibbs Die Casting Group, MK Group Of Companie, Chicago White Metal Casting Inc, Meridian Lightweight Technologies, George Fischer Ltd, Continental Casting LLC, and Magic Precision Inc hold significant market shares. Innovation is a crucial driver, fueled by the increasing demand for lightweight automotive components to enhance fuel efficiency and reduce emissions. Advancements in die casting technologies, such as improved automation, enhanced material fluidity, and precise temperature control, are constantly being developed. Regulatory frameworks, particularly those focused on environmental sustainability and safety standards, influence product development and manufacturing processes. Potential product substitutes, such as aluminum die casting and advanced plastics, pose a competitive challenge, necessitating continuous innovation in magnesium alloy development and casting techniques. End-user trends are heavily influenced by the shift towards electric vehicles (EVs), which require lighter materials for battery enclosures and structural components. Mergers and acquisitions (M&A) activities are present, though not dominant, driven by strategic consolidation and the pursuit of synergistic capabilities. Recent M&A deals in the broader automotive parts sector have seen values in the range of $50 Million to $500 Million, indicating potential for similar consolidation in specialized magnesium die casting.
North America Automotive Parts Magnesium Die Casting Market Industry Trends & Insights
The North America Automotive Parts Magnesium Die Casting Market is experiencing robust growth, driven by an escalating demand for lightweight materials in the automotive industry. This surge is directly linked to stringent fuel efficiency regulations and the growing imperative to reduce vehicle emissions across the United States, Canada, and other North American nations. The market penetration of magnesium die-cast components is steadily increasing as automakers recognize the superior strength-to-weight ratio of magnesium alloys compared to traditional materials like steel and aluminum. The projected Compound Annual Growth Rate (CAGR) for this market is estimated to be in the healthy range of 6% to 8% during the forecast period. Technological disruptions, such as the adoption of Industry 4.0 principles in manufacturing, including advanced robotics, artificial intelligence for process optimization, and sophisticated simulation software for mold design, are enhancing efficiency and precision in magnesium die casting. Consumer preferences are increasingly leaning towards eco-friendly and fuel-efficient vehicles, further accelerating the adoption of lightweight materials. The competitive dynamics are shaped by the continuous pursuit of cost-effectiveness, improved part performance, and a stable supply chain. Manufacturers are investing in research and development to refine casting processes, develop new magnesium alloys with enhanced properties, and expand the application scope of magnesium components beyond traditional engine parts and transmission components to include structural elements and interior parts. The strategic importance of domestic supply chains for critical automotive components also plays a role in market expansion and investment.
Dominant Markets & Segments in North America Automotive Parts Magnesium Die Casting Market
The United States stands out as the dominant market within the North America Automotive Parts Magnesium Die Casting sector. This dominance is underpinned by a mature automotive manufacturing base, significant investment in automotive R&D, and a strong push towards lightweighting for both internal combustion engine (ICE) vehicles and the rapidly expanding electric vehicle (EV) market. The Pressure Die Casting production process type commands the largest market share due to its cost-effectiveness, high production rates, and ability to produce complex shapes with tight tolerances, making it ideal for mass production of automotive parts.
Key drivers for the dominance of the United States include:
- Economic Policies: Favorable government incentives for advanced manufacturing and automotive innovation.
- Infrastructure: Well-established supply chains and logistics networks supporting automotive production.
- Technological Adoption: High rates of adoption for advanced manufacturing technologies.
- EV Manufacturing Hubs: Concentration of major EV manufacturers and battery production facilities.
Within application types, Engine Parts continue to represent a significant segment, benefiting from the inherent heat resistance and lightweight properties of magnesium alloys. However, Transmission Components are also a crucial area of application, where weight reduction directly impacts overall vehicle performance. The growing trend towards unibody construction and advanced chassis designs is also driving demand for magnesium in Body Parts, offering structural integrity with substantial weight savings. "Others" application segment, which includes components like steering wheel frames, seat frames, and interior trim elements, is witnessing substantial growth due to the increasing focus on interior comfort and safety features that can be enhanced by lightweight magnesium components.
In terms of production process type, while Pressure Die Casting is dominant, advancements in Vacuum Die Casting are gaining traction for applications requiring enhanced mechanical properties and surface finish, particularly for critical structural components. Squeeze Die Casting and Semi-Solid Die Casting are emerging technologies, offering further improvements in material integrity and the ability to cast thinner walls, which are being explored for next-generation automotive applications.
North America Automotive Parts Magnesium Die Casting Market Product Developments
Product developments in the North America Automotive Parts Magnesium Die Casting Market are focused on enhancing performance, reducing weight, and expanding application areas. Innovations include the development of advanced magnesium alloys with improved corrosion resistance and higher tensile strength, catering to more demanding structural applications. The integration of magnesium die castings into EV battery enclosures and thermal management systems is a significant trend, leveraging magnesium's excellent thermal conductivity and light weight. Competitive advantages are realized through precision engineering, optimized casting designs for multi-functional parts, and the integration of secondary processes like machining and surface treatments to meet stringent OEM specifications for components like engine blocks, transmission housings, and chassis elements.
Report Scope & Segmentation Analysis
This report provides a comprehensive segmentation of the North America Automotive Parts Magnesium Die Casting Market. The Production Process Type is analyzed across Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Semi-Solid Die Casting, with Pressure Die Casting projected to hold the largest market share due to its established efficiency for high-volume production. The Application Type segmentation includes Engine Parts, Transmission Components, Body Parts, and Others, with Engine Parts currently leading but Body Parts and Others segments expected to witness significant growth. Geographically, the market is segmented into the United States, Canada, and Others, with the United States leading in market size and growth projections. Competitive dynamics vary across these segments, with technological advancements and cost efficiencies being key differentiators.
Key Drivers of North America Automotive Parts Magnesium Die Casting Market Growth
The primary growth drivers for the North America Automotive Parts Magnesium Die Casting Market are:
- Demand for Lightweighting: Stringent fuel economy standards and the increasing prevalence of electric vehicles necessitate the use of lightweight materials like magnesium to improve efficiency and range.
- Technological Advancements: Continuous improvements in magnesium alloys, die casting processes (e.g., automation, simulation), and secondary operations enhance performance and cost-effectiveness.
- Performance Benefits: Magnesium's superior strength-to-weight ratio, excellent thermal conductivity, and vibration damping properties make it ideal for critical automotive components.
- Environmental Regulations: Growing pressure to reduce greenhouse gas emissions from vehicles indirectly supports the adoption of lightweight materials that improve fuel efficiency.
Challenges in the North America Automotive Parts Magnesium Die Casting Market Sector
Despite the growth, the North America Automotive Parts Magnesium Die Casting Market faces several challenges:
- Cost of Raw Material: Fluctuations in magnesium prices can impact manufacturing costs and competitiveness compared to other materials.
- Corrosion Concerns: While improving, the susceptibility of some magnesium alloys to corrosion requires careful alloy selection and protective coatings, adding complexity and cost.
- Supply Chain Volatility: Dependence on global magnesium sources can lead to supply chain disruptions and price instability.
- Skilled Workforce Shortage: The need for specialized skills in advanced die casting technologies and magnesium metallurgy can pose a recruitment challenge.
Emerging Opportunities in North America Automotive Parts Magnesium Die Casting Market
Emerging opportunities within the North America Automotive Parts Magnesium Die Casting Market include:
- Electric Vehicle Components: Significant growth potential exists in magnesium components for EV battery housings, electric motor casings, and structural elements of EVs.
- Advanced Driver-Assistance Systems (ADAS) Housings: The increasing complexity of ADAS sensors and modules presents opportunities for lightweight and thermally conductive magnesium housings.
- Sustainable Manufacturing: Development and adoption of more energy-efficient and environmentally friendly die casting processes.
- Expansion into Interior and Comfort Components: Growing use of magnesium in seats, dashboards, and other interior applications for weight reduction and enhanced aesthetics.
Leading Players in the North America Automotive Parts Magnesium Die Casting Market Market
- Pace Industries
- Brabant Alucast
- Shiloh Industries Inc
- Gibbs Die Casting Group
- MK Group Of Companie
- Chicago White Metal Casting Inc
- Meridian Lightweight Technologies
- George Fischer Ltd
- Continental Casting LLC
- Magic Precision Inc
Key Developments in North America Automotive Parts Magnesium Die Casting Market Industry
- 2023: Increased investment in automation and Industry 4.0 technologies by major die casters to improve efficiency and precision.
- 2022: Development of new high-strength magnesium alloys with enhanced corrosion resistance for critical automotive applications.
- 2021: Growing adoption of simulation software for mold design and process optimization to reduce development cycles and material waste.
- 2020: Focus on lightweighting solutions for electric vehicle powertrains and battery systems.
- 2019: Strategic partnerships formed between die casters and automotive OEMs to co-develop next-generation components.
Strategic Outlook for North America Automotive Parts Magnesium Die Casting Market Market
The strategic outlook for the North America Automotive Parts Magnesium Die Casting Market remains highly positive, driven by the relentless pursuit of vehicle lightweighting and the transformative shift towards electric mobility. Continued investment in advanced manufacturing technologies, research into novel magnesium alloys with superior properties, and the expansion of applications into structural and interior components will be critical growth catalysts. Collaborations between die casters and automotive manufacturers will foster innovation, enabling the development of integrated and highly efficient magnesium solutions. The market is poised for sustained growth as the automotive industry prioritizes sustainability, performance, and cost-efficiency, making magnesium die casting an indispensable manufacturing process.
North America Automotive Parts Magnesium Die Casting Market Segmentation
-
1. Production Process Type
- 1.1. Pressure Die Casting
- 1.2. Vacuum Die Casting
- 1.3. Squeeze Die Casting
- 1.4. Semi-Solid Die Casting
-
2. Application Type
- 2.1. Engine Parts
- 2.2. Transmission Components
- 2.3. Body Parts
- 2.4. Others
-
3. Geography
- 3.1. United States
- 3.2. Canada
- 3.3. Others
North America Automotive Parts Magnesium Die Casting Market Segmentation By Geography
- 1. United States
- 2. Canada
- 3. Others
North America Automotive Parts Magnesium Die Casting Market Regional Market Share
Geographic Coverage of North America Automotive Parts Magnesium Die Casting Market
North America Automotive Parts Magnesium Die Casting Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 8.5% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. The Growth of The Global Automotive Turbocharger Market
- 3.3. Market Restrains
- 3.3.1. Increasing Complexity of Modern Vehicles
- 3.4. Market Trends
- 3.4.1. Increased Application in Body Assemblies
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. North America Automotive Parts Magnesium Die Casting Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Production Process Type
- 5.1.1. Pressure Die Casting
- 5.1.2. Vacuum Die Casting
- 5.1.3. Squeeze Die Casting
- 5.1.4. Semi-Solid Die Casting
- 5.2. Market Analysis, Insights and Forecast - by Application Type
- 5.2.1. Engine Parts
- 5.2.2. Transmission Components
- 5.2.3. Body Parts
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast - by Geography
- 5.3.1. United States
- 5.3.2. Canada
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. United States
- 5.4.2. Canada
- 5.4.3. Others
- 5.1. Market Analysis, Insights and Forecast - by Production Process Type
- 6. United States North America Automotive Parts Magnesium Die Casting Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Production Process Type
- 6.1.1. Pressure Die Casting
- 6.1.2. Vacuum Die Casting
- 6.1.3. Squeeze Die Casting
- 6.1.4. Semi-Solid Die Casting
- 6.2. Market Analysis, Insights and Forecast - by Application Type
- 6.2.1. Engine Parts
- 6.2.2. Transmission Components
- 6.2.3. Body Parts
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast - by Geography
- 6.3.1. United States
- 6.3.2. Canada
- 6.3.3. Others
- 6.1. Market Analysis, Insights and Forecast - by Production Process Type
- 7. Canada North America Automotive Parts Magnesium Die Casting Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Production Process Type
- 7.1.1. Pressure Die Casting
- 7.1.2. Vacuum Die Casting
- 7.1.3. Squeeze Die Casting
- 7.1.4. Semi-Solid Die Casting
- 7.2. Market Analysis, Insights and Forecast - by Application Type
- 7.2.1. Engine Parts
- 7.2.2. Transmission Components
- 7.2.3. Body Parts
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast - by Geography
- 7.3.1. United States
- 7.3.2. Canada
- 7.3.3. Others
- 7.1. Market Analysis, Insights and Forecast - by Production Process Type
- 8. Others North America Automotive Parts Magnesium Die Casting Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Production Process Type
- 8.1.1. Pressure Die Casting
- 8.1.2. Vacuum Die Casting
- 8.1.3. Squeeze Die Casting
- 8.1.4. Semi-Solid Die Casting
- 8.2. Market Analysis, Insights and Forecast - by Application Type
- 8.2.1. Engine Parts
- 8.2.2. Transmission Components
- 8.2.3. Body Parts
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast - by Geography
- 8.3.1. United States
- 8.3.2. Canada
- 8.3.3. Others
- 8.1. Market Analysis, Insights and Forecast - by Production Process Type
- 9. Competitive Analysis
- 9.1. Market Share Analysis 2025
- 9.2. Company Profiles
- 9.2.1 Pace Industries
- 9.2.1.1. Overview
- 9.2.1.2. Products
- 9.2.1.3. SWOT Analysis
- 9.2.1.4. Recent Developments
- 9.2.1.5. Financials (Based on Availability)
- 9.2.2 Brabant Alucast
- 9.2.2.1. Overview
- 9.2.2.2. Products
- 9.2.2.3. SWOT Analysis
- 9.2.2.4. Recent Developments
- 9.2.2.5. Financials (Based on Availability)
- 9.2.3 Shiloh Industries Inc
- 9.2.3.1. Overview
- 9.2.3.2. Products
- 9.2.3.3. SWOT Analysis
- 9.2.3.4. Recent Developments
- 9.2.3.5. Financials (Based on Availability)
- 9.2.4 Gibbs Die Casting Group
- 9.2.4.1. Overview
- 9.2.4.2. Products
- 9.2.4.3. SWOT Analysis
- 9.2.4.4. Recent Developments
- 9.2.4.5. Financials (Based on Availability)
- 9.2.5 MK Group Of Companie
- 9.2.5.1. Overview
- 9.2.5.2. Products
- 9.2.5.3. SWOT Analysis
- 9.2.5.4. Recent Developments
- 9.2.5.5. Financials (Based on Availability)
- 9.2.6 Chicago White Metal Casting Inc
- 9.2.6.1. Overview
- 9.2.6.2. Products
- 9.2.6.3. SWOT Analysis
- 9.2.6.4. Recent Developments
- 9.2.6.5. Financials (Based on Availability)
- 9.2.7 Meridian Lightweight Technologies
- 9.2.7.1. Overview
- 9.2.7.2. Products
- 9.2.7.3. SWOT Analysis
- 9.2.7.4. Recent Developments
- 9.2.7.5. Financials (Based on Availability)
- 9.2.8 George Fischer Ltd
- 9.2.8.1. Overview
- 9.2.8.2. Products
- 9.2.8.3. SWOT Analysis
- 9.2.8.4. Recent Developments
- 9.2.8.5. Financials (Based on Availability)
- 9.2.9 Continental Casting LLC
- 9.2.9.1. Overview
- 9.2.9.2. Products
- 9.2.9.3. SWOT Analysis
- 9.2.9.4. Recent Developments
- 9.2.9.5. Financials (Based on Availability)
- 9.2.10 Magic Precision Inc
- 9.2.10.1. Overview
- 9.2.10.2. Products
- 9.2.10.3. SWOT Analysis
- 9.2.10.4. Recent Developments
- 9.2.10.5. Financials (Based on Availability)
- 9.2.1 Pace Industries
List of Figures
- Figure 1: North America Automotive Parts Magnesium Die Casting Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: North America Automotive Parts Magnesium Die Casting Market Share (%) by Company 2025
List of Tables
- Table 1: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Production Process Type 2020 & 2033
- Table 2: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Application Type 2020 & 2033
- Table 3: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 4: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Region 2020 & 2033
- Table 5: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Production Process Type 2020 & 2033
- Table 6: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Application Type 2020 & 2033
- Table 7: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 8: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Country 2020 & 2033
- Table 9: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Production Process Type 2020 & 2033
- Table 10: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Application Type 2020 & 2033
- Table 11: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 12: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Country 2020 & 2033
- Table 13: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Production Process Type 2020 & 2033
- Table 14: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Application Type 2020 & 2033
- Table 15: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 16: North America Automotive Parts Magnesium Die Casting Market Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the North America Automotive Parts Magnesium Die Casting Market?
The projected CAGR is approximately 8.5%.
2. Which companies are prominent players in the North America Automotive Parts Magnesium Die Casting Market?
Key companies in the market include Pace Industries, Brabant Alucast, Shiloh Industries Inc, Gibbs Die Casting Group, MK Group Of Companie, Chicago White Metal Casting Inc, Meridian Lightweight Technologies, George Fischer Ltd, Continental Casting LLC, Magic Precision Inc.
3. What are the main segments of the North America Automotive Parts Magnesium Die Casting Market?
The market segments include Production Process Type, Application Type, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD 1.8 billion as of 2022.
5. What are some drivers contributing to market growth?
The Growth of The Global Automotive Turbocharger Market.
6. What are the notable trends driving market growth?
Increased Application in Body Assemblies.
7. Are there any restraints impacting market growth?
Increasing Complexity of Modern Vehicles.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "North America Automotive Parts Magnesium Die Casting Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the North America Automotive Parts Magnesium Die Casting Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the North America Automotive Parts Magnesium Die Casting Market?
To stay informed about further developments, trends, and reports in the North America Automotive Parts Magnesium Die Casting Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence