Market Size of Die Casting Machinery Industry
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 |
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 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 | |||||||
| |||||||
| |||||||
| |||||||
|
Die Casting Machinery Market Size Summary
The die casting machine market is poised for significant growth, driven by the increasing demand for lightweight metals, particularly in the automotive sector. The shift towards aluminum over traditional materials like steel and iron is a key trend, as aluminum offers advantages such as reduced weight and flexibility, which are crucial for enhancing fuel efficiency and meeting stringent environmental regulations. The market is also benefiting from advancements in high-pressure die casting technologies, which are being adopted more widely across various industries. The automotive sector's focus on electric vehicles and lightweight components further propels the demand for die casting machinery, as manufacturers seek to optimize performance and comply with regulatory standards.
Regionally, Asia-Pacific is expected to dominate the die casting machine market, fueled by the expansion of manufacturing industries in countries like China and India. These emerging economies are witnessing a surge in automotive production and construction activities, which are key drivers for the market. The presence of major players and strategic collaborations in the region are also contributing to market growth. Companies are investing in advanced technologies and expanding their production capabilities to meet the rising demand for die casting machinery. The market landscape is characterized by a mix of established global players and local entities, with significant players like Buhler AG, Toshiba Machine Co. Ltd, and Italpresse Gauss leading the charge in innovation and market presence.
Die Casting Machinery Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Industry Attractiveness - Porter's Five Forces Analysis
-
1.3.1 Bargaining Power of Buyers/Consumers
-
1.3.2 Bargaining Power of Suppliers
-
1.3.3 Threat of New Entrants
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size - in Value USD billion)
-
2.1 By Machine Type
-
2.1.1 Cold Chamber Die Casting Machines
-
2.1.2 Hot Chamber Die Casting Machines
-
-
2.2 By Industry
-
2.2.1 Automotive
-
2.2.2 3C Industry
-
2.2.3 Other Industries
-
-
2.3 By Raw Material
-
2.3.1 Aluminum
-
2.3.2 Magnesium
-
2.3.3 Other Raw Materials
-
-
2.4 By Geography
-
2.4.1 North America
-
2.4.1.1 United States
-
2.4.1.2 Canada
-
2.4.1.3 Rest of North America
-
-
2.4.2 Europe
-
2.4.2.1 Germany
-
2.4.2.2 United Kingdom
-
2.4.2.3 France
-
2.4.2.4 Italy
-
2.4.2.5 Rest of Europe
-
-
2.4.3 Asia-Pacific
-
2.4.3.1 China
-
2.4.3.2 India
-
2.4.3.3 South Korea
-
2.4.3.4 Japan
-
2.4.3.5 Rest of Asia Pacific
-
-
2.4.4 Rest of the World
-
2.4.4.1 South America
-
2.4.4.2 Middle-East and Africa
-
-
-
Die Casting Machinery Market Size 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.