Aluminum Die Casting Machinery 2018-2022: World Market Analysis

Posted by freemexy on August 1st, 2019

The global aluminum die casting machinery market to grow at a CAGR of 5.66% during the period 2018-2022.aluminum die casting alloys

Global Aluminum Die Casting Machinery Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is emergence of high-capacity die casting machinery. Die casting process efficiency and uptime are the two major indicators for determining the overall productivity of a die casting cell. To determine this as objectively as possible, the overall equipment efficiency method has been implemented across the industry.

According to the report, one driver in the market is shift toward the use of lightweight metals in the automotive industry. Aluminum die casting machinery is used mainly by automotive part manufacturers to create lightweight aluminum cast parts that are used in the automotive production assembly.

Further, the report states that one challenge in the market is availability of alternate casting process. Forging is an extensively used process for manufacturing large-sized components with high strength. However, closed die forging can incur high initial costs, which are reduced substantially as the manufacturing volume increases and recurring cost for individual past reduces.

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freemexy
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