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review SPOILER ALERT! 2019-11-20 10:11
Aluminum Die Casting Machine Market Global Sales, Revenue, Price and Gross Margin Forecast To 2025

Market Forecast

The global aluminum die-casting machine market is expected to cross USD 1.5 billion by 2025 at a projected CAGR of 6%

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Market Synopsis

The aluminum die-casting machine market is growing globally due to the increasing use of aluminum in the automotive, aerospace, construction, and power industries worldwide. Aluminum has several qualities that make it more suitable for use in automotive manufacturing than steel. While steel is less expensive, it is heavier, which results in reduced fuel economy.

The malleability of aluminum lends itself to die casting, even for complex patterns. Though initial investment requirements are high to produce aluminum die-casting machines, demand is increasing, especially for specific-shaped aluminum parts. Aluminum die-casting machines consume less power than steel die-casting machines, which is also driving market growth. Moreover, aluminum is easily recyclable, contributing further to high demand, especially in the packaging industry.

 

According to the International Resource Panel, in 2010, the per capita use of aluminum was over 80 kg, with developed countries recording levels in excess of 350 kg. Developing nations have a low per capita aluminum use of 35 kg, but this figure is increasing with the rapid expansion of industries in developing economies. With over 60 million metric tons of aluminum produced globally in 2018 alone, the demand for aluminum die-casting machines is forecast to grow concurrent to the increase in per capita use of aluminum.

 

Get Free Sample of “Aluminum Die Casting Machine Market” at: https://www.marketresearchfuture.com/sample_request/8250  

 

Market USP

Aluminum die-casting machines can produce a wide array of shapes and can be precision-engineered for critical applications.

 

Market Drivers

Increasing use of lightweight materials in the automotive industry

Growth of the construction industry

High malleability and ductility of aluminum combined with its light weight

Market Restraints

High initial investments

Availability of alternative die-casting methods

Segmentation

 

By Product Type

High-Pressure Die Casting (HPC): The largest segment as HPDC is employed for over two-thirds of aluminum die casting. HPDC offers a short casting cycle time and smooth surfaces and is well suited for automation. They have higher investment and operating costs and the finished products made using HPDC machines have low strength values than products made using LPDC machines.

 

Low-Pressure Die Casting (LPDC): LPDC is excellent for casting aluminum when strength and complex patterns are required. It also is more efficient in terms of metal utilization but casting time is slow, which significantly reduces demand. LPDC is used for high-density applications, usually for advanced engineering.

 

Others: This segment includes vacuum-assisted HPDC and semi-solid metal casting.

 

By Industry Vertical

Automotive: The largest segment as automobile manufacturers are increasingly looking to aluminum instead of steel and iron to produce parts. Aluminum is much lighter than steel and, therefore, drastically improves fuel economy of automobiles. This is a significant driver for the growth of the segment  with rising costs of fossil fuels and a focus on electric cars. 

Power: Aluminum offers better conductivity-to-weight ratio than copper as is used extensively in power lines, transmission cables, and power grids. This growth of the segment can be attributed to the need to minimize transmission losses.

 

Building and Construction: Aluminum is used extensively in building and construction for wiring, window paneling, and door fixtures due to its malleability, ductility, lightness, and resistance to corrosion. The growth of the global construction industry is driving the growth of the global aluminum die-casting machine market, specifically the high-pressure aluminum die casting (HPDC) segment.

 

Others: Aluminum is used extensively for utensils, in the aerospace industry, and in packaging.

 

By Region

North America: The North American aluminum die-casting machine market is growing due to rising demand for die-cast aluminum in the power, construction, automotive, aerospace, and packaging industries in the region.

 

Europe: The growth of the European die-casting machine market is driven by the presence of manufacturing hubs in Germany and the UK where aluminum is widely utilized in the production of automobiles, packaging, and kitchen utensils.

 

Asia-Pacific: The largest regional market for aluminum die-casting machines, development of power infrastructure and a large market for aluminum utensils is driving market growth in the region. Moreover, aluminum is increasingly being used in the automotive industry in the region, which is the largest worldwide.

 

Rest of the World: A small regional market, with growth driven primarily by domestic demand for utensils and development of power infrastructure. Additionally, Africa has large bauxite reserves, which may serve to enhance the growth of the aluminum die-casting machine market in the region.

 

Key Players

Buhler AG (Switzerland)

L.K. Technology Holdings Limited (Hong Kong)

Toshiba Machine Co., Ltd (Japan)

TOYO Machinery & Metal (Japan)

Ube Industries, Ltd (Japan)

Walbro (US)

Zitai Precision Machinery Co., Ltd (Taiwan)

Alcast Company (US)

Consolidated Metco, Inc. (US)

Gibbs Die Casting Corp. (US)

Frech (EN) (Germany)

Idra Group Ltd (Italy)

HMT Machine Tools Limited (India)

 

Complete Report Details of “Aluminum Die-Casting Machine Market” at: https://www.marketresearchfuture.com/reports/aluminum-die-casting-machine-market-8250 

 

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

 

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Source: www.marketresearchfuture.com
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