Aluminum Die Casting Machine Market Pegged to Expand Robustly During 2019-2025
Posted by Rishikesh Kurane on October 24th, 2019
Aluminum Die Casting Machine Market Share, Size, Trends, Analysis, Research, Review, Applications and Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2025. Aluminum Die Casting Machine Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2025.
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.
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By Product Type: The product type segments are high-pressure die casting (HPDC), low-pressure die casting (LPDC), and others. The high-pressure die casting (HPDC) segment accounts for over 70% of the market share due to the unparalleled casting cycle time offered by these machines, making it the largest segment. These machines are well-suited for automation due to their complex mechanism. A high volume of aluminum can be shaped in a short amount of time, leading to the use of HPDC machines in the automotive, packaging, and construction industries. LPDC machines have slow casting cycle times but can produce complex patterns without compromising on structural integrity. Dense aluminum can be modeled using LPDC machines, which find applicability in the aerospace industry.
By Industry Vertical: The automotive segment is the largest as aluminum parts are increasingly replacing iron and steel components in automotive manufacturing. Aluminum is a lightweight metal which serves to greatly enhance the fuel efficiency of vehicles, a factor that is driving the growth of the segment. Aluminum parts are easy to replace and recycle, which further enhances their utility in the automotive industry. The power segment is also expected to showcase significant growth. While aluminum is not as good a conductor as copper, it is lighter and, thus, offers a better conductivity-to-weight ratio. Therefore, aluminum is utilized in transmission lines, power cables, and power grids to reduce power dissipation; moreover, its light weight does not stress the supporting structure. The growth of utilities in developing economies is driving the growth of the segment. In the construction industry, aluminum is used in roofing, doors, and windows owing to its excellent malleability, corrosion resistance, and light weight. The growth of the global construction industry is directly fueling the growth of the global aluminum die-casting machine market.
Buhler AG, K. Technology Holdings Limited, Toshiba Machine Co., Ltd, TOYO Machinery & Metal, Ube Industries, Ltd, Walbro, Zitai Precision Machinery Co., Ltd, Alcast Company, Consolidated Metco, Inc, Gibbs Die Casting Corp, Frech, Idra Group Ltd, HMT Machine Tools Limited
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.
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About the AuthorRishikesh Kurane
Joined: May 4th, 2018
Articles Posted: 1,128
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