Aluminum Die Casting Machine Market Research Report - Global Forecast till 2030

Aluminum Die Casting Machines Market Research Report: By Product Type (HPC, LPDC, Others), By Industry Vertical (Automotive, Power, Building and Construction, Others) and By Region – Forecast to 2030

ID: MRFR/IA - E/6778-HCR | November 2022 | Region: Global | 111 Pages         

Aluminum Die Casting Machines Market

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

Segmentation

By Product Type HPC LPDC Others
By Industry Vertical Automotive Power Building and Construction Others

Key Players

  • 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)

Drivers

  • New product launches and R&D Amongst major key Players
  • Increasing use of lightweight materials in the automotive industry
  • Growth of the construction industry
  • High malleability and ductility of aluminum combined with its light weight
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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.


Aluminum Die Casting Machine Market Overview


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.


Aluminum Die-Casting Machine Market Key Players



  • 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)


Industrial News:


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.


In January 2020, Yoshiaki Murakami fun launched JPY 25.9 billion hostile bid for the Toshiba Machine as the government promotes corporate governance reform to make management more accountable to investors.

Aluminum Die-Casting Machine Market USP


Aluminum die casting machines can produce a wide array of shapes and can be precision-engineered for critical applications.


Market Drivers



  • Increasing use of lightweight materials in the automotive industry

  • Growth of the construction industry

  • High malleability and ductility of aluminum combined with its light weight


Market Restraints



  • High initial investments

  • Availability of alternative die-casting methods


Aluminum Die-Casting Machine Market Segmentation


By Product Type



  • High-Pressure Die Casting (HPC): The largest segment as HPDC is employed for over two-thirds of aluminum die casting. HPDC offers a short casting cycle time and smooth surfaces and is well suited for automation. They have higher investment and operating costs and the finished products made using HPDC machines have low strength values than products made using LPDC machines.



  • Low-Pressure Die Casting (LPDC): LPDC is excellent for casting aluminum when strength and complex patterns are required. It also is more efficient in terms of metal utilization but casting time is slow, which significantly reduces demand. LPDC is used for high-density applications, usually for advanced engineering.



  • Others: This segment includes vacuum-assisted HPDC and semi-solid metal casting.


By Industry Vertical



  • Automotive: The largest segment as automobile manufacturers are increasingly looking to aluminum instead of steel and iron to produce parts. Aluminum is much lighter than steel and, therefore, drastically improves fuel economy of automobiles. This is a significant driver for the growth of the segment with rising costs of fossil fuels and a focus on electric cars. 



  • Power: Aluminum offers better conductivity-to-weight ratio than copper as is used extensively in power lines, transmission cables, and power grids. This growth of the segment can be attributed to the need to minimize transmission losses.



  • Building and Construction: Aluminum is used extensively in building and construction for wiring, window paneling, and door fixtures due to its malleability, ductility, lightness, and resistance to corrosion. The growth of the global construction industry is driving the growth of the global aluminum die-casting machine market, specifically the high-pressure aluminum die casting (HPDC) segment.



  • Others: Aluminum is used extensively for utensils, in the aerospace industry, and in packaging.


By Region



  • North America: The North American aluminum die-casting machine market is growing due to rising demand for die-cast aluminum in the power, construction, automotive, aerospace, and packaging industries in the region.



  • Europe: The growth of the European die-casting machine market is driven by the presence of manufacturing hubs in Germany and the UK where aluminum is widely utilized in the production of automobiles, packaging, and kitchen utensils.



  • Asia-Pacific: The largest regional market for aluminum die-casting machines, development of power infrastructure and a large market for aluminum utensils is driving market growth in the region. Moreover, aluminum is increasingly being used in the automotive industry in the region, which is the largest worldwide.



  • Rest of the World: A small regional market, with growth driven primarily by domestic demand for utensils and development of power infrastructure. Additionally, Africa has large bauxite reserves, which may serve to enhance the growth of the aluminum die-casting machine market in the region.



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2025:USD 1.5 Billion
  • 2030 : Significant value
  •   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

  • Increasing use of lightweight materials in the automotive industry
  • Growth of the construction industry
  • High malleability and ductility of aluminum combined with its light weight


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    Frequently Asked Questions (FAQ) :

    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.