ID: MRFR/IA - E/6778-HCR | 111 Pages | Author: Pradeep Nandi | June 2023
Aluminum Dies Casting Machine market size is expected to rise at a CAGR of 6%, with a value of USD 1.5 billion over 2022-2030
$1.5 Billion
6%
Asia-Pacific
2022-2030
The global aluminum dies casting machine market size is expected to rise at a CAGR of 6%, with a value of USD 1.5 billion over 2022-2030.
The factors such as the growing market for lightweight vehicles and the increase in adoption of high pressure die casting due to technological advancements fuel the die casting machines market growth. However, several automotive component producers utilize aluminum die casting machines to manufacture lightweight aluminum cast parts used in automotive assembly.
The increasing use of aluminum in several applications like transportation and telecommunication is expected to drive the market's growth during the forecasting time. A rising preference for the high strength and the lightweight castings is a prominent driving factor. Manufacturers are required to comply with the regulations to enhance fuel efficiency and reduce the harmful emissions in the transportation industries. This is possible by incorporating lightweight materials into the production of the vehicles. Die casting is a metal casting process in which molten metal is forced into the mold cavity under high pressure; the machine used for that purpose is known as a die casting machine, used to produce complex shapes with high accuracy, consistency, and precision. The report offers details about the latest trends, technologies and recent developments.
The aluminum market dies casting machinery is neither a consolidated nor a fragmented one due to the presence of both established companies as well as the local and regional players. Most of the players have their presence in a limited geographical area, but major companies have an extended footprint, which is expected to tilt the balance in their favor.
Aluminum die casting machines can produce a wide array of shapes and can be precision-engineered for critical applications.
Report Attribute/Metric | Details |
---|---|
Market Size |
|
CAGR | 6% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019 & 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type and Industry Vertical |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Buhler AG (Switzerland), K. Technology Holdings Limited (Hong Kong), Toshiba Machine Co., Ltd (Japan), TOYO Machinery & Metal (Japan), Ube Industries, Ltd (Japan), Walbro (US), Zitai Precision Machinery Co., Ltd (Taiwan), Alcast Company (US), Consolidated Metco, Inc. (US), Gibbs Die Casting Corp. (US), Frech (EN) (Germany), Idra Group Ltd (Italy), HMT Machine Tools Limited (India) |
Key Market Opportunities | New product launches and R&D Amongst major key Players |
Key Market Drivers |
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The market can attain a decent growth rate of 6% during the review period.
By 2025, the market size can be USD 1.5 bn.
Buhler AG (Switzerland), K. Technology Holdings Limited (Hong Kong), Toshiba Machine Co., Ltd (Japan), TOYO Machinery & Metal (Japan), Ube Industries, Ltd (Japan), Walbro (US), Zitai Precision Machinery Co., Ltd (Taiwan), Alcast Company (US), Consolidated Metco, Inc. (US), Gibbs Die Casting Corp. (US), Frech (EN) (Germany), Idra Group Ltd (Italy), HMT Machine Tools Limited (India) and others are the renowned players in the global market.
The automotive industry vertical is in the lead in the global market.
The market growth in North America is projected to be steady in the coming years, given the surging demand for die-cast aluminum in the construction, power, aerospace, packaging and automotive industries.
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