Aluminium Dye Casting Machinery Market Size shall reach a value of $98.34 Billion in 2027, growing with a CAGR of 7.33% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
An aluminum die casting machine is used to generate lightweight metal parts, along with a high-quality surface finish. This device is preferred over forging sand casting. Aluminum die casting machinery is also highly efficient in delivering lightweight metal parts in large quantities, because of its low maintenance and low operational cycle time.
Aluminum die casting machines are significantly used in various end-use industries such as defense equipment, aerospace, and automotive. The machine is known as a non-expendable strategy which can be continually used to generate different sizes, shapes, and thickness of die-cast aluminum. Aluminum die casting machines can produce a diversity of shapes with attractiveness and accuracy.
Aluminum die casting machines are lightweight and they contain high dimensional stability for thin walls and complex part geometries. Aluminum die casting can be made, using either a cold chamber process or a hot chamber.
Aluminum Dye Casting Machinery Market Growth and Trends
Drivers :
• Aluminum die casting machinery is used to manufacture lightweight metal parts with high-quality surface finish. This machinery is favored over sand casting and forging.
• Aluminum die casting machinery is also highly effective in producing lightweight metal parts in large amounts, due to its low operational cycle time and low maintenance
• In addition, lightweight metal parts are significantly employed in various end-use industries including aerospace, defense equipment, and automotive
• Manufacturers of automotive parts, especially those in developed countries, are increasingly incorporating lightweight aluminum die casting machinery and metal parts into their products to improve the overall fuel efficiency
• Aluminum die casting machinery and die casting metal parts show various beneficial results. This is increasing their adoption and, thereby, boosting the global aluminum die casting machinery market
• Currently, pollution of the environment is becoming a matter of great concern in the society. The transportation sector is a major contributor to pollution. In order to reduce the pollution level, a majority of countries across the world are focusing on the introduction on electrification of transportation solutions and ban on fossil fuel vehicles.
• This leads to the development of new energy vehicles built with lightweight aluminum die casting parts. Therefore, shifting from conventional vehicle models to new energy efficient vehicles has increased the demand for aluminum die casting machinery and metal parts, thereby promoting growth of the aluminum die casting machinery market.
• Product-wise the global aluminum die casting machinery market can be segmented into HPDC (high-pressure die casting), LPDC (low-pressure die casting), and others
• HPDC is predicted to be a major product segment of the global aluminum die casting machinery during the forecast period
• The segment is anticipated to gain higher market share and thereby, maintain its leading position in the global aluminum die casting machinery market during the forecast period. Rising demand from the automotive industry for production of lightweight die casting metal parts is expected to be a major factor driving the demand for aluminum die casting machinery during the forecast period.
• The global aluminum die casting machinery market was moderately fragmented in 2018. Key manufacturers operating in the global market are:
o Bühler Holding AG
o Toyo Machinery & Metal Co., Ltd.
o TOSHIBA MACHINE Co., Ltd.
o Ube Industries Ltd.
o L.K. Technology Holdings Ltd.
Restraints :
• Easy availability of alternative casting processes hampers the global market during the forecast period. Forging is used significantly in the manufacture of large-sized, die-cast metal parts with high strength.
• With increase in the large-scale production, recurring costs of individual metal parts decrease, which results in higher adoption of the forging manufacturing process. This limits global aluminum die casting machinery market during the forecast period
Aluminum Dye Casting Machinery Market Regional Analysis
Aluminum Dye Casting Machinery Market Share and Competition
Key companies operating in this industry are: Bühler Holding AG, Toyo Machinery & Metal Co., Ltd., TOSHIBA MACHINE Co., Ltd., Ube Industries Ltd., and L.K. Technology Holdings Ltd. Similar industries in this domain that is growing at a high CAGR include Digital Printing and Dyeing Machine Market and Ferrous Metal Casting Machine Market.
Aluminum Dye Casting Machinery Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2020 - 2027)
• HPDC (High-pressure Die Casting)
• LPDC (Low-pressure Die Casting)
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Aluminum Dye Casting Machinery Market Companies
• Bühler Holding AG
• Toyo Machinery & Metal Co., Ltd.
• TOSHIBA MACHINE Co., Ltd.
• Ube Industries Ltd.
• L.K. Technology Holdings Ltd.
Available Versions: -
United States Aluminum Dye Casting Machinery Market Research Report
Europe Aluminum Dye Casting Machinery Market Research Report
Asia Pacific Aluminum Dye Casting Machinery Market Research Report
India Aluminum Dye Casting Machinery Market Research Report
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