Die Casting Machinery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Die Casting Machinery Market Analysis
The die casting machinery market was valued at USD 2.2 billion in 2020, and it is expected to reach 5.30 billion in 2027 by registering a CAGR of above 6% during the forecast period, 2022-2027.
The COVID-19 pandemic profoundly impacted manufacturing operations and the market witnessed a slowdown due to supply chain disruptions and trade restrictions worldwide. However, as the production of raw materials increases, the market is expected to witness optimistic growth.
Over the long term, the growing trend of producing lightweight metals in the automotive industry, coupled with the growth in automobile sales, boosts the demand for die casting machinery. Further, growth in the 3C industry and development in renewable power generation is also expected to offer several growth opportunities for the market during the forecast period.
Factors such as the growing market for lightweight vehicles and the increase in adoption of high-pressure die casting due to technological advancements fuel the die casting machines market growth. Moreover, many automotive component producers utilize aluminum die casting machines to manufacture lightweight aluminum cast parts used in automotive assembly.
Asia-Pacific is estimated to hold a prominent share in the global die casting machines market due to growing regional manufacturing industries. Emerging economies like China, India, etc., are expected to increase automotive and other manufacturing industries significantly. Thus, this is projected to dramatically drive the demand for die casting machines in the region.
Die Casting Machinery Market Trends
This section covers the major market trends shaping the Die Casting Machinery Market according to our research experts:
Growing Adoption of Aluminum in Die Casting Machinery to Enhance Demand in the Market
The automotive industry's largest segment is increasingly focusing on using aluminum instead of steel and iron to produce components and parts using die casting machinery, as aluminum is much lighter than steel due to its varied advantages, like flexibility over other materials. Moreover, the increasing cost of fossil fuels and growing electric vehicle adoption are significant drivers in the market. Additionally, stringent environmental regulations and cafe standards were imposed across various regions to support adopting electric vehicles and lightweight components. For instance,
- In May 2022, The Tamil Nadu (state in India) Small Industries Development Corporation (Tansidco) is planning to establish a common facility Centre (CFC) for high-pressure aluminum die casting at an estimated cost of 5.8 crores.
- In May 2022, Shinhwa Auto USA Corp. announced plans to add a second auto parts manufacturing facility in Auburn, Alabama, to expand aluminum parts' output, including die casting and machining operations, and meet future demands stemming from EV production. In November 2021, the company announced the addition of high-pressure aluminum die casting and post-processing equipment through a USD 42 million expansion project.
The growing preference for aluminum products and the ongoing trend of increased usage of aluminum are expected to provide significant growth in the market. For example,
- In April 2022, Ford Motor Co. officials presented the ARBOMEX plant in Apaseo el Grande, Mexico, with its prestigious Q1 distinction. ARBOMEX manufactures balance shafts for the 1.5-liter 12V DOHC L3 Dragon engine produced at Ford's Chihuahua engine plant that is used in the Bronco Sport, assembled in Hermosillo, the Escape crossover, and other models. In addition to being a priority supplier to Ford, ARBOMEX supplies iron, steel, and aluminum components for other OEMs such as Stellantis and Mazda. ARBOMEX also houses production lines for camshafts and high aluminum pressure dies castings (HPDC) for Stellantis, FICOSA, and recently Tesla.
- In December 2021, General Motors announced plans to invest more than USD 51 million to install state-of-the-art equipment at its Bedford, Indiana, aluminum die casting foundry to support the manufacture of drive unit castings for the upcoming Chevrolet Silverado EV and other current casting applications.
Asia-Pacific Region Likely to Witness Significant Growth During Forecast Period
The Asia-Pacific region is projected to experience high growth during the forecast period owing to the expansion of the automotive sector in the area. Moreover, an increase in investments in construction activities and a surge in mechanical and manufacturing equipment manufacturers in the emerging markets are also expected to fuel the development of the die casting machines market in the region. For instance,
- In March 2022, Minda corporation announced their critical strategic priority areas at their Investec promoter conference. Under the safety security systems, the company will develop the mechatronics and electronics needed for Smart Key. In their Die-Casting Division, Minda corporation has all 4-casting technology under one roof (HC, HPDC, GDC & LPDC) and has completed all in-house processes to supply Upper bracket and handle holder parts (die casting, powder coating, machining, and testing). They are also adding new customers in the domestic market and for components required for Electric vehicles.
- In March 2022, Ningbo Tuopu Group Co., Ltd. (Tuopu Group) announced that the integrated huge die-casting rear cabin was developed based on the 7,200-ton giant die-casting machine rolled off the assembly line at the Hangzhou Bay plant in Ningbo. The back house is about 1,700mm in length and 1,500mm in width, reducing its weight by 15%-20%. Tuopu Group cooperates with Human Horizons in integrated die-casting technology through which dozens of components can be integrated into one piece and cast together.
Emerging economies, like China, India, etc., are expected to grow in the automotive and other manufacturing industries significantly. China is among the world's largest car parts suppliers and exported motor vehicle parts and accessories worth USD 33.63 billion in 2019. In addition to its low labor costs, China has become known as 'the world's factory because of its robust business ecosystem, lack of regulatory compliance, low taxes and duties, and competitive currency practices. According to India Brand equity, India exported 4.77 million automobiles, up from 4.63 million in 2019.
Thus, this is projected to significantly drive the demand for the die casting machinery market in the region. Furthermore, the growing electric mobility and rising demand for a wide range of components are anticipated to drive the region's demand.
Die Casting Machinery Industry Overview
The market for die casting machinery is neither moderately consolidated due to the presence of established companies nor local and regional players. Most players have their presence in a limited geographical area, but major companies have an extended footprint, which is expected to tilt the balance in their favor. For instance,
- In May 2021, LK Group and Wencan Co., Ltd. signed a super-large intelligent die-casting unit and strategic cooperation agreement.
- In July 2020, Endurance Group announced that its step-down subsidiary in Italy, Endurance SpA, has decided to consolidate its foundry activities whereby the plant operations, including workers and necessary plant and machinery, from Grugliasco, are shifted to the Chivasso plant. This aims to improve the operating and cost efficiencies and achieve economies of scale, which is expected to result in annual savings of around EUR 600,000. These plants supply highly complex die casting and machined components to their OEM customers in the automotive sector.
- In January 2020, Yoshiaki Murakami fund launched JPY 25.9 billion hostile bid for Toshiba Machine, as the government promotes corporate governance reform to make management more accountable to investors.
Buhler AG, Toshiba Machine Co. Ltd, Italpresse Gauss, LK Technology Holdings Ltd, Ube Industries Ltd, and Toyo Machinery & Metal Co. Ltd are significant players in the market.
Die Casting Machinery Market Leaders
Buhler AG
Italpresse Gauss
Toshiba Machine Co. Ltd
LK Technology Holdings Ltd
Ube Industries Ltd
*Disclaimer: Major Players sorted in no particular order
Die Casting Machinery Market News
- In May 2022, GF Casting Solutions, a division of GF, Schaffhausen (Switzerland), and the leading light-metal castings and assemblies solutions provider Bocar Group, Mexico City (Mexico), signed an agreement to offer a specialized range of products and services worldwide. The objective of the collaboration is to bring higher value to the customers by combining the capabilities of two leading players in the market for high-pressure die casting components.
- In January 2022, Jingcheng Gongke Automotive Systems Co., Ltd. Die-casting Branch, together with LK Group. In "Integrated Body Structural Die Casting Technology Forum and Signing Ceremony for Strategic Cooperation Projects," to discuss new materials and technologies such as integrated die casting, lightweight design of body structure, and heat-free structural parts in automobile manufacturing industry, and strategically build an industrial innovation cooperation ecosystem.
- In December 2021, Nissei ASB Machine Co. Ltd., Tokyo, entered a memorandum of understanding to form a partnership with injection molding machine (IMM) and extruder maker Shibaura Machine Co. Ltd., Tokyo, to work in emerging markets.
- In February 2021, Nantong Jiangzhong Photoelectricity Co. Ltd Installed its Italpresse gauss TF5700 high pressure die casting (HPDC) machine at the company's base in Jiangsu province, China. Jiangzhong has also purchased a Westomat 3100 from StrikoWestofen to integrate seamlessly with the machine.
- In September 2021, Hanon Systems announced the two site inaugurations in Hungary - a new greenfield production facility in Pécs and a building expansion in Rétság. Located in Baranya County, the new plant in Pécs increases production capacity for fluid transport products. The facility provides 22,464 square meters of manufacturing space and accommodates equipment, including forming, brazing, welding and bending, assembly lines, and testing for automotive air conditioning (A/C) lines. The building is equipped with modern machinery for horizontal die casting.
Die Casting Machinery Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Buyers/Consumers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size - in Value USD billion)
5.1 By Machine Type
5.1.1 Cold Chamber Die Casting Machines
5.1.2 Hot Chamber Die Casting Machines
5.2 By Industry
5.2.1 Automotive
5.2.2 3C Industry
5.2.3 Other Industries
5.3 By Raw Material
5.3.1 Aluminum
5.3.2 Magnesium
5.3.3 Other Raw Materials
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 South Korea
5.4.3.4 Japan
5.4.3.5 Rest of Asia Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Buhler AG
6.2.2 Toshiba Machine Co. Ltd
6.2.3 Italpresse Gauss
6.2.4 LK Technology Holdings Ltd
6.2.5 Ube Industries Ltd
6.2.6 Toyo Machinery & Metal Co. Ltd
6.2.7 Dynacast (Form Technologies)
6.2.8 Oskar Frech GmbH + Co. KG
6.2.9 IDRA Group
6.2.10 Zitai Precision Machinery Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS**
Die Casting Machinery Industry Segmentation
Die casting is a metal casting process in which molten metal is forced into a mold cavity under high pressure. The machine used for that purpose is known as a die casting machine, which produces complex shapes with high accuracy, consistency, and precision. The report details the latest trends, technologies, and developments.
The report covers machine type, industry, raw material, and geography segmentation. By machine type, the market is segmented into cold chamber die casting machines and hot section die casting machines. The market is segmented by industry into automotive, 3C, and other industries.
By raw material, the market is segmented into aluminum, magnesium, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. For each segment, market sizing and forecasting are based on value (in USD billion).
| By Machine Type | |
| Cold Chamber Die Casting Machines | |
| Hot Chamber Die Casting Machines |
| By Industry | |
| Automotive | |
| 3C Industry | |
| Other Industries |
| By Raw Material | |
| Aluminum | |
| Magnesium | |
| Other Raw Materials |
| By Geography | |||||||
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Die Casting Machinery Market Research FAQs
What is the current Die Casting Machinery Market size?
The Die Casting Machinery Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Die Casting Machinery Market?
Buhler AG, Italpresse Gauss, Toshiba Machine Co. Ltd, LK Technology Holdings Ltd and Ube Industries Ltd are the major companies operating in the Die Casting Machinery Market.
Which is the fastest growing region in Die Casting Machinery Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Die Casting Machinery Market?
In 2024, the Asia-Pacific accounts for the largest market share in Die Casting Machinery Market.
What years does this Die Casting Machinery Market cover?
The report covers the Die Casting Machinery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Die Casting Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Die Casting Machine Industry Report
Statistics for the 2024 Die Casting Machine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Die Casting Machine analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
