Games like Emergent Magic
Games like Emergent Magic include Rust, Warhammer 40,000: Darktide, Medieval Dynasty, Scrap Mechanic, and Black Desert. We matched them by the tags players give Emergent Magic on Steam (Magic, Crafting, Physics, Dungeon Crawler, and Medieval): closest matches first, and among equally close ones the better-known games.

Rust
Shared: Crafting · Building · FPS

Warhammer 40,000: Darktide
Shared: Co-op · FPS · PvE

Medieval Dynasty
Shared: Crafting · Co-op · Building

Scrap Mechanic
Shared: Crafting · Building · Physics

Black Desert
Shared: Crafting · Medieval · Action RPG

Dragon's Dogma 2
Shared: Magic · Action RPG · RPG

Mage Arena
Shared: Magic · Medieval · FPS

Borderlands 4
Shared: FPS · Co-op · PvE

How to Fish
Shared: Co-op · Physics · FPS

PEAK
Shared: Co-op · Physics · Adventure

PAYDAY 2
Shared: Co-op · FPS · Action

Portal Knights
Shared: Crafting · Co-op · Building

Garry's Mod
Shared: Physics · Building · FPS

ARK: Survival Evolved
Shared: Crafting · Co-op · Building

Raft
Shared: Co-op · Crafting · Building

The Forest
Shared: Crafting · Building · Co-op

Valheim
Shared: Crafting · Co-op · Building

Enshrouded
Shared: Crafting · Co-op · Building

Deep Rock Galactic
Shared: Co-op · FPS · PvE

Shape of Dreams
Shared: Co-op · PvE · Dungeon Crawler

Last Epoch
Shared: Action RPG · Co-op · Dungeon Crawler

Once Human
Shared: Co-op · Crafting · Building

Torchlight II
Shared: Co-op · Dungeon Crawler · Action RPG

Cloudheim
Shared: Crafting · Physics · Action RPG