Die Casting Machinery Market Size Key Insights Based On Prod...| MENAFN.COM

Tuesday, 06 December 2022 10:59 GMT

Die Casting Machinery Market Size Key Insights Based On Product Type, End-Use And Regional Demand 2022-2031

(MENAFN- America News Hour)

The Die casting machinery market was valued at USD 2 billion in 2022 and is expected to reach 4 billion in 2031 by registering a CAGR of above 6% during the forecast period 
The COVID-19 pandemic had a profound impact on manufacturing operations, and the market witnessed a slowdown due to supply chain disruptions and trade restrictions worldwide. However, as production of raw materials is increasing market expected to witness optimistic growth.
Factors such as growing market for light weight vehicles and increase in adoption of high pressure die casting, owing to technological advancements fuel the die casting machines market growth. Moreover, many automotive component producers utilize aluminum die casting machines to manufacture lightweight aluminum cast parts, which are used in automotive assembly.

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This growing trend of producing light weight metals in the automotive industry, coupled with the growth in automobile sales to boost the demand for die casting machinery. In addition, increasing production in the automotive sector has catalyzed the demand for the die casting machines in the market.
Asia Pacific is estimated to hold a prominent share in the global die casting machines market, owing to growing manufacturing industries across the region. Emerging economies like, China, India, etc. expected to have significant growth in automotive, and other manufacturing industries.
This in turn is projected to significantly drive the demand of die casting machine in the region. Furthermore, growing demand for industrial instruments expected to propel the market growth of die casting machine in the North America region.
Key Market Trends
Growing Adoption of Aluminum in Die Casting Machinery Market

The largest segment as automobile manufacturers are increasingly looking to is aluminum instead of steel and iron to produce components and parts using die casting machinery. As Aluminum is much lighter than steel and due to its varied advantages like ductility over other materials, aluminum expected to dominate the raw material segment of the market.
Moreover, rising cost of fossil fuels and growing electric vehicle adoption to act as significant driver in the market. In addition, stringent environmental regulations and Cafe standards imposed across various regions to support adoption of die casting process and related machinery. For instance,
In December 2018, the EU set new regulations for carbon dioxide emissions for new passenger cars and commercial vehicles. The agreed-upon targets aim to reduce average CO2 emissions from new passenger cars by 15% in 2025 and by 37.5% in 2030, both relative to the 2021 base figure. A 15% reduction by 2025 and a further 31% for 2030 were agreed upon for light-commercial vehicles.
Amidst of all the factors promoting the market, growing preference of the customers towards the aluminum products and ongoing trend of increased usage of aluminium is expected to provide a significant growth in the market.
Asia-Pacific to Witness Significant Growth During Forecast Period
The Asia-Pacific region is projected to experience growth during the forecast period owing to expansion of the automotive sector in the region. Moreover, growth in investments in construction activities and surge in mechanical & manufacturing equipment manufacturers in the emerging markets are also expected to fuel the growth of die casting machines market in the region.
Emerging economies like, China, India, etc. expected to have significant growth in automotive, and other manufacturing industries. China is among the world's largest suppliers of car parts, exporting motor vehicle parts and accessories worth USD 33.63 billion in 2019. In addition to its low labor costs, China has become known as“the world's factory” because of its strong business ecosystem, lack of regulatory compliance, low taxes and duties, and competitive currency practices.
This in turn is projected to significantly drive the demand of die casting machinery market in the region. Furthermore, growing demand for industrial instruments expected to propel the market growth of die casting machinery in the North America region. The rising industrial manufacturing and automotive industry in the Europe region also estimated to boost the growth of die casting machinery market over the forecast period.
Competitive Landscape
The market for die casting machinery is neither a consolidated nor a fragmented one due to the presence of both established companies as well as local and regional players. Most 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. For instance,

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In January 2020, Yoshiaki Murakami fund launches Yen 25.9 billion hostile bid for Toshiba Machine as the government promotes corporate governance reform to make management more accountable to investors.
In March 2019, Buhler Industries Inc., a leading manufacturer of machinery distributed under the Versatile and Farm King brands, has entered an original equipment manufacturer (OEM) agreement with Kubota Corp. to develop their production capacity.
Buhler AG, Toshiba Machine Co. Ltd., Italpresse Gauss, L.K. Technology Holdings Ltd., Ube Industries Ltd. and Toyo Machinery & Metal Co. Ltd., are some of the major players within the market.

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness – Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 Machine Type
5.1.1 Cold Chamber Die Casting Machines
5.1.2 Hot Chamber Die Casting Machines
5.2 Industry
5.2.1 Automotive
5.2.2 3C Industry
5.2.3 Others
5.3 Raw Material
5.3.1 Aluminum
5.3.2 Magnesium
5.3.3 Others
5.4 Geography
5.4.1 North America United States Canada Rest of North America
5.4.2 Europe Germany United Kingdom France Italy Rest of Europe
5.4.3 Asia-Pacific China India South Korea Japan Rest of Asia-Pacific
5.4.4 Rest of the World South America Middle-East and Africa
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Buhler AG
6.2.2 Toshiba Machine Co. Ltd.
6.2.3 Italpresse Gauss
6.2.4 L.K. Technology Holdings Ltd.
6.2.5 Ube Industries Ltd.
6.2.6 Toyo Machinery & Metal Co. Ltd
6.2.7 Dynacast (Form Technologies)
6.2.8 Oskar Frech GmbH + Co. KG
6.2.9 IDRA Group
6.2.10 Zitai Precision Machinery Co., Ltd.

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