Industry Background:
Die casting machines are conventionally been employed in the casting of non-ferrous metals, such as zinc, aluminum, copper. The use of various equipment in the die casting machine has gathered steam in small- to medium-sized castings, particularly due to the cost-effectiveness. The growing demand for lightweight components and complicated parts is easily met and efficiently manufactured by die casting machines, and the growing uptake of die casting machines in manufacturing units pertaining to high strength suspension automotive is a key factor boosting the prospects of die casting machines.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Buhler AG (Switzerland), Toshiba Machine Co. Ltd. (Japan), Italpresse Gauss (Italy), L.K. Technology Holdings Ltd. (Hong Kong), UBE Industries Ltd. (Japan), Toyo Machinery & Metal Co. Ltd. (Japan), Dynacast (United States), Oskar Frech GmbH + Co. KG (Germany), IDRA Group (Italy) and Zitai Precision Machinery Co., Ltd. (China) |
This growth is primarily driven by Increasing Supply Chain Complexities in the Die Casting Industry, And Expansion in the Automotive Market and Increasing Constructional Activities, and Use Of Aluminium Casts in Electrical and Electronics.
Globally, a noticeable market trend is evident
Major Manufacturers, such as Buhler AG (Switzerland), Toshiba Machine Co. Ltd. (Japan), Italpresse Gauss (Italy), L.K. Technology Holdings Ltd. (Hong Kong), UBE Industries Ltd. (Japan), Toyo Machinery & Metal Co. Ltd. (Japan), Dynacast (United States), Oskar Frech GmbH + Co. KG (Germany), IDRA Group (Italy) and Zitai Precision Machinery Co., Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global Die Casting Machine market is fragmented in nature as there are international and regional players manufacturing the machines to fulfill the demand for the end-use industry. Major international players in die castings have started plans to expand their businesses in the United States, owing to the growing automotive sector and manufacturing industry.
Key Developments in the Market:
In July 2021, Recently Deco Products acquired miniature, four-slide zinc die-casting equipment and related process technology. These machines were acquired from Mumford Metal Casting of South Carolina in March 2021, and provides further expansion of Deco Products and solution advantages for customer designs.
In October 2022, LK GROUP Launched The Worlds First 12000T Intelligent Die-cating unit.
Regulatory Insights:
CAFÉ standards and EPA policies to cut down the emissions and increase fuel efficiency are driving the automakers to reduce the weight of the automobile, by employing lightweight non-ferrous metals. Also, rules levied by OSHA and initiatives by NADCA to improve the technical workforce in the die casting industry are expected to improve the overall production, which would again see the need for more machines.
Market Growth Drivers:
Increasing Supply Chain Complexities in the Die Casting Industry, And Expansion in the Automotive Market and Increasing Constructional Activities, and Use Of Aluminium Casts in Electrical and Electronics
Challenges:
Lack of Expertise and Skilled Workforce
Restraints:
High Capital Investment and Operating Costs
Opportunities:
Increasing Environmental Concerns, Sustainable Transportation Model, and Favorable Government Initiatives
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Die Casting Machine Market
- Analysis about New Entrants in Die Casting Machine Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Die Casting Machine Study Sheds Light on
The Die Casting Machine Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Die Casting Machine industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Die Casting Machine industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.