Market Share of Die Casting Machinery Industry
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
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Buhler AG
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Italpresse Gauss
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Toshiba Machine Co. Ltd
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LK Technology Holdings Ltd
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Ube Industries Ltd
*Disclaimer: Major Players sorted in no particular order
