Die Casting Machine Market: Global Industry Analysis and Forecast (2022-2029)

Die Casting Machine Market was valued at US$ 4.10 Billion in 2021. Automotive is one of the segments reviewed in the MMR report dominating the global Die Casting Machine market.
Die Casting Machine Market Overview:
Due to supply problems & restrictions on trade around the world, the COVID-19 pandemic had a significant influence on production processes, & the market experienced a slowdown. The market is expected to grow optimistically as raw material supply rises. The expansion of the casting machines market is fueled by factors like the expanding demand for lightweight cars and the increased acceptance of high pressure casting process as a result of technical improvements. Additionally, several auto parts manufacturers use aluminium die casting machinery to produce lightweight aluminium cast parts for use in assembly operations.

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Die casting machinery is in high demand because to the expanding trend of producing lightweight metal in the automotive industry, as well as the increase in automobile sales. Furthermore, rising demand for die casting equipment has been fueled by increased production in the automotive sector. Owing to the region's developing manufacturing industries, Asia Pacific is expected to have a significant share of the worldwide die casting machines market. The automobile and other manufacturing sectors are expected to grow significantly in emerging economies such as China and India.

As a result, demand for die casting machines in the region is expected to increase significantly. Furthermore, rising demand for manufactured is likely to propel die casting machine market growth in the North American region.

Aluminum's Adoption in the Die Casting Machinery Market is growing:

Because aluminium is so much lighter than steel and also has a variety of advantages, such as ductility over other materials, automobile manufacturers are increasingly turning to aluminium rather than iron and steel to produce components and parts using die casting machinery. Aluminum is heavily favored to win the raw - materials segment of the market. Furthermore, the industry is being driven by the increasing cost of fossil fuels and the increasing adoption of electric vehicles. In addition, to encourage the use of the die casting process & related machinery, strict environmental regulations and cafe requirements were set in various regions.

For example, The EU started issuing carbon dioxide emissions regulations for new cars and commercial vehicles in December 2021. The agreed-upon targets call for a 15% reduction in average CO2 emissions from new vehicles in 2029 and a 37.5 % reduction in 2030, both in comparison to the baseline year of 2021. Light-commercial vehicles will be decreased by 15% by 2029 & by further 31% by 2030, according the agreement.

Among all the drivers of the market, the growing preference of customers for aluminium products, as well as the continuing tendency of higher aluminium usage, are likely to drive significant market expansion.
Company Profile:
Buhler Holding AG is a company based in Germany:

Buhler, founded in 1860, is headquartered in Uzwil, Switzerland, and operates in over 140 countries around the world. The firm provides solutions and services for material processing, production, and manufacturing all around the world. In addition, the company offers die casting machinery that is both high-performing and high-quality. In fiscal year 2021, the Buhler Group produced total sales of CHF Swiss Franc 2.45 Bn. Buhler also offers a hydraulic carat system, which is a two-platen die casting machine that comes in 13 sizes and has a lock force ranging from 10,500 to 44,000 kN. The business has sold 400 carat systems on five continents.

Toshiba Machine Co., Ltd. is a Japanese company that manufactures machines:

Toshiba Machine Co., Ltd. was established in Numazu, Shizuoka Prefecture, Japan, in 1949. The company is a well-known maker of die casting machines, having made over 10,000 of them. In addition, the firm manufactures, designs, and distributes three kinds of die casting machines for zinc and forming, ranging in weight from 135 to 350 tonnes. The Toshiba Machine CS (Currency Sorter) Series is used to generate significant die castings for vehicle parts.

Growing tendency of industrialization:

One of the major factors driving the die casting machine market is the worldwide trend of industrialization, which is boosting demand for industrial equipment which are used to make a variety of alloy parts in various forms and sizes. Die casting machines are also used to make massive castings in a short amount of time, with benefits like high tolerance power, less porosity, textured and smooth surfaces, precise repeatability, and clearly defined pieces. Furthermore, an increase in demand for die casting machines in instrumentation, the 3 Cs industry, & the automotive industry in both developed and developing countries, to create lightweight casting parts that can be used in the manufacturing process of devices or machines, is expected to fuel the die casting machine market. Die casting machines with the newest innovations are being designed by major manufacturers to cast metals in a variety of sizes, shapes, and types to satisfy the needs and demands of many industrial verticals.

During the forecast period, Asia Pacific will experience significant growth.

Due to the rise of the region's automotive sector, the Asia Pacific is expected to grow during the projection period. Furthermore, increasing construction expenditure and a rise in mechanical and industrial equipment manufacturers in emerging economies are expected to propel the die casting machines market in the region forward. The automobile as well as other manufacturing industries are predicted to grow rapidly in emerging countries such as China and India. In 2021, China was one of the world's leading suppliers of car parts, shipping USD 33.63 billion in vehicle parts and accessories. China has earned the nickname "the world's factory" because to its robust business environment, lack limited compliance issues, low taxes and customs, and competitive currency policies, in addition to its low - cost labor.

As a consequence, the demand for die casting machinery in the region is expected to increase dramatically. Moreover, market growth for industrial instruments is expected to propel die casting machinery market expansion in the North American region. Over the projected period, the expanding industrial production and automotive industries in Europe are anticipated to boost the growth of the die casting equipment market.

The objective of the report is to present a comprehensive analysis of the Die Casting Machine Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Die Casting Machine Market dynamics, structure by analyzing the Market segments and project the Die Casting Machine Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Die Casting Machine Market make the report investor’s guide.
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Die Casting Machine Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 4.10 Bn.


Forecast Period 2022 to 2029 CAGR:
3.9%
Market Size in 2029:
US $ 5.57 Bn.


 Segments Covered:
by Type
• Cold chamber die casting machine
• Hot chamber die casting machine
• Gravity die casting machine


by Material
• Aluminum
• Zinc
• Magnesium
• Others


by Industry
• Automotive
• 3C Industry
• Others



Die Casting Machine Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Die Casting Machine Market, Key Players are:
• Pace Industries, LLC Ltd.
• HMT Machine Tools Limited
• YIZUMI-HPM Corporation
• The Bühler Holding AG
• Dynaquip Machines
• Toshiba Machine Co., Ltd.
• Dynacast International
• Oskar Frech GmbH + Co. KG
• L.K. Technology Holdings
• UBE Machinery, Inc.
• TOYO MACHINERY & METAL CO., Ltd
• Birch Machinery Company.
• Toshiba Machine Co LTD
• Buhler Holding AG
• Colosio srl
• Huachen
FAQ’S:
1) What is the share of the Global Die Casting Machine Market in 2021?
Answer: The Die Casting Machine Market was accounted for 4.10 Billion in the year 2021.

2) Which Industry segment is dominating the Die Casting Machine 
Answer: Automotive segment is the dominating Material segment in the market.

3) What are the key players in the Die Casting Machine 
Answer: Pace Industries, LLC Ltd., HMT Machine Tools Limited, YIZUMI-HPM Corporation, The Bühler Holding AG, Dynaquip Machines, Toshiba Machine Co., Ltd.
Dynacast International, Oskar Frech GmbH + Co. KG, L.K. Technology Holdings, UBE Machinery, Inc., TOYO MACHINERY & METAL CO., Ltd, Birch Machinery Company., Toshiba Machine Co LTD, Buhler Holding AG, Colosio srl, Huachen.

4) Which factor acts as the driving factor for the growth of the Die Casting Machine Market?
Answer: The major factors for the growth of the Die Casting Machine market includes growing market for lightweight vehicles and the increase in adoption of high pressure die casting.