Increased demand for fuel efficient, high performance and low emission vehicles coupled with increased defense spending and increased manufacturing of defense equipment in the private sector have spurred The growth of the global die-casting machinery market In addition, the increase in machine manufacturing industries and environmental regulations on emissions for forging industries is hampering the market growth On the contrary, technological advancements in the process of die-casting are expected to create lucrative opportunities in the near future
The global die-casting machinery market size was valued at $ 3,633 6 million in 2018 and is expected to reach $ 4,978 7 million by 2026, a CAGR of 39% from 2019 to 2026
Asia-Pacific is expected to be the top contributor in the global die-casting machine market, followed by Europe and North America By type, the hot-chamber die-casting machine segment accounted for the highest market share in 2018 and the gravity die casting machine is expected to experience significant growth during the forecast period, due to its installation in the automotive industry
The hot chamber die-casting machine segment dominated the global die-casting machine market in 2018, contributing more than three-fifths of the market, due to the advantageous feature of die-casting machines at hot chamber, i.e. fast cycle times However, the gravity die casting machine segment is expected to register the fastest CAGR of 47% during the forecast period, owing to the surge in demand for the ‘construction and automotive industry
In terms of end-users, the transportation segment achieved the highest die-casting machinery market share in 2018, and the & mechanical manufacturing equipment segment is expected to grow at a CAGR of 46 % during the forecast period due to technical innovations and increased emphasis on construction and other industrial sectors, which is expected to provide lucrative growth opportunities for major market players in emerging economies development
Major market players, like Idra Srl, Toshiba Machine Co, Ltd, Ube Industries, Ltd, focus on developing new products to strengthen their presence in the market In addition, these companies are expanding their business by launching innovative products to withstand intense competition For example, in November 2018, Toshiba Machinery launched the new DC-KT series die-casting machines in the Southeast Asian market Production of this machine has started at the production plant located in Thailand.It features a pre-set function for casting pressure and low speed 2-stage injection settings as well as boost accumulators for standard configurations
The main players described in the report are Agrati – AEE Srl, Buhler 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
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Die Casting, Aluminum, Automotive Industry, Market Analysis
Global News – CA – Die Casting Machinery Market business opportunities, current trends and industry analysis world by 2026 – re: Jerusalem
