Global Die Casting Machine Market Overview
Die casting machine is automated casting equipment in which the metal liquid melt is pressed into a mold under high pressure of 150 to 1200 bar and at a high filling speed up to 540 km per hour. The machine is suitable for casting series and mass production of components. It is possible to produce large and complex pieces with low wall thicknesses. Spurring industrial manufacturing activities worldwide drives the global die casting machine market. Rising demand for complex metal components and shifting trends towards more automation encourage the adoption of die casting machines across industries. The die casting technique has apparent benefits when a part is required in large quantities. The popularity of die-cast components arises from the following advantages it offers than other castings methods: high productivity, good as-cast surface finish and appearance, no further machining required, close dimensional tolerance, thin casting with ease, low wastage, and low rejections or defects.
The global die casting machine market was sized at around USD 3750 million in 2019 and estimated to reach close to USD 5000 million in 2026, at a CAGR of around 4%.
However, the availability of other alternative processes hinders the growth of the market. Some of the more prevalent alternatives to the die casting process include machining, forging, stamping, rolling, extruding, and sintering. These processes are preferred over die casting in some instances, depending on suitability for economic and production benefits, which is predicted to hamper the market growth.
The report studies few key players of the global die casting machine market in detail covering the company profile, product list and financial details. The companies included in the report are Agrati - AEE Srl, Bühler AG, Dynacast, Idra srl, Italpresse Gauss, Oskar Frech GmbH + Co. KG, Toyo Machinery & Metal Co.,Ltd., UBE, and Zitai Precision Machinery Co., Ltd., Toshiba Machine Co., Ltd.
In this market research report, the market is segmented by type, end user, material, and region.
Analysis, by Type
Based on type, the market is bifurcated into cold chamber die casting machine, hot chamber die casting machine, and gravity die casting machine. The hot die casting machine held a prominent share among machine types, followed by the cold die casting machine and gravity die casting machine. Hot die casting machine will maintain its dominance throughout the forecast period. This is attributed to its advantages like faster-cycling production, intricate cast-in detail, reduced porosity, and longer die casting life owing to lower melting points and die design efficiencies.
Analysis, by End-User
By the end-user, the market is segmented into transportation, mechanical & manufacturing equipment, building & construction, others. The transportation industry is dominating the global die casting machine market with a majority share. The emerging trends like electrification of vehicles, emission regulation changes, changing customer behavior, new technology like hybrid and autonomous is anticipated to fuel market growth. Mechanical & manufacturing equipment and building & construction are other prominent segments contributing to global growth.
Analysis by Material.
Based on material, the market is bifurcated into aluminum, zinc, magnesium, others. Aluminum was the largest segment in 2019. Aluminum has been a material of choice for many applications, mainly transportation, mechanical manufacturing equipment, and building & construction. This is attributed to its superior features over others, such as lightweight, sufficient strength, good formability, high corrosion resistance, recyclability, and low fabrication cost.
Analysis, by Region
Geographically, the market is analyzed across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The Asia Pacific is the leading market, with over 30% share in 2019. One key factor propelling demand in this region is a robust region-wide consumer base with a flourishing middle-income segment. Rising disposable incomes is shifting consumption trends have also contributed to growth. Besides that, countries in the region have low operating costs, which attract businesses from more massive manufacturing bases. Europe is the second-largest contributor to the market.
Market Segmentation covered in the Report:
By Type
- Cold Chamber Die Casting Machine
- Hot Chamber Die Casting Machine
- Gravity Die Casting Machine
By End-User
- Transportation
- Mechanical & Manufacturing Equipment
- Building & Construction
- Others
By Material
- Aluminum
- Zinc
- Magnesium
- Others
By Region
- North America
- Europe
- the Asia Pacific
- Latin America
- The Middle East and Africa
METHODOLOGY
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.