Die Casting Machines Market Outlook

Die Casting Machines Market Outlook - 2026

2021-09-10

The global die casting machines market size was valued at $3,633.6 million in 2018, and is projected to reach $4,978.7 million by 2026, registering a CAGR of 3.9% from 2019 to 2026. Die casting machine engages in the process of forcing molten metal into reusable metal die under high pressure. Dies are classified into single & multiple cavity and combination dies. This process is utilized to manufacture accurately dimensioned, defined, smooth, and textured surface alloy and metal parts. These metal parts include chassis, air valve, flywheel & bracket, smart locks, and automobiles appliances.

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Factors such as growing market for light weight vehicles and increase in adoption of high pressure die casting (HPDC), 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. This growing trend of producing light weight metals in the automotive industry, coupled with the growth in automobile sales boost the demand for die casting machinery.

However, the volatile prices of raw material may hinder growth of the die casting machine market. Furthermore, technical advancements in die casting machines are expected to offer lucrative growth opportunities for the die casting machines market during the forecast period. For instance, in January 2018 Italpresse Gauss, part of Norican company, developed two energy efficiency solutions, namely, ECO-FIT Mode and ECO-FIT Plus. These solutions are integrated in advanced die casting cells to reduce the energy consumption of machines.

On installation, ECO-FIT Plus reduced energy consumption by up to 60%. In addition, the Switzerland based Buhler AG Company offers modern die casting machine, called Datanet, which is equipped with a cell control system that integrates all activities of the system peripherals. These die casting machines include advance diagnosis systems that enhances the die casting process.

The global die casting machines market is segmented on the basis of type, material, end-user, and region. By type, it is divided into cold chamber die casting machine, hot chamber die casting machine, and gravity die casting machine.

Die Casting Machines Market

By Type

Gravity Die Casting Machine Segment is projected to grow at a significant CAGR

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By material, the die casting machines market is divided into aluminum, zinc, magnesium, and others. By end-user, it is segmented into transportation, mechanical & manufacturing equipment, building & construction, and others.

Die Casting Machines Market

By End-User

Transportation Segment holds dominant position in 2018 and would continue to maintain the lead over the forecast period.

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Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 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.

Die Casting Machines Market

By Region

2026 Asia-pacific North America Europe Lamea

Asia-Pacific holds a dominant position in 2018 and is expected to grow at a highest rate during the forecast period.

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Competition Analysis:

The key market players profiled in the report of the die casting machines market include Agrati - AEE Srl, Bühler AG, Dynacast, Idra srl, Italpresse Gauss, Oskar Frech GmbH + Co. KG, Toshiba Machine Co., Ltd, Toyo Machinery & Metal Co.,Ltd., UBE, and Zitai Precision Machinery Co., Ltd.

The major players operating in the global die casting machines market have adopted key strategies such as acquisitions and product launch to strengthen their market outreach and sustain the stiff competition in the die casting machines market. For instance, in January 2017, Dynacast, a brand of Form Technologies, acquired Taurus ’80. Taurus ’80 is engaged in precision zinc die casting and is based in Italy.

In addition, it also operates in Illinois, U.S. and Bizerte, Tunisia. The acquisition has assisted Dynacast in providing high-precision die casting solutions for a large customer base in hardware and automotive industries. Similarly, in April 2017, Norican acquired the company, Light Metal Casting Solutions Group (LMCS). LMCS comprises three companies including, StrikoWestofen, ItalPresse and Gauss, which are engaged in aluminum and other non-ferrous metal casting part formation technologies.

Key Benefits For Stakeholders:

The report provides an extensive analysis of the current and emerging die casting machines market trends and dynamics.

In-depth die casting machines market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.

Extensive analysis of the die casting machines market share is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.

The global die casting machines market forecast analysis from 2018 to 2026 is included in the report.

Key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the die casting machines industry.

Global Die Casting Machines Market Segments:

By Type:

Cold chamber die casting machine

Hot chamber die casting machine

Gravity die casting machine

By Material:

Aluminum

Zinc

Magnesium

Others

By End-User:

Transportation