Aluminum Die Casting Machines Market Overview
Aluminum die casting machinery is used for the manufacture of lightweight metal parts with a quality surface finish. Aluminum die casting machinery is effective for lightweight metal parts produced in large amounts with low operational costs and maintenance. These are significantly used in different end-use verticals such as defense equipment, aerospace, and automotive.
The rise in usage of aluminum in various applications like transportation and telecommunication will fuel up the Aluminum Die Casting Machines Market growth in the forecast period. The preference for high strength is a major driving factor. Manufacturers are using regulations to enhance fuel efficiency and reduction of harmful emissions in the transportation industry. Manufacturers in developed countries are highly incorporating lightweight aluminum die casting machinery and metal parts to improve fuel efficiency.
Aluminum die casting machinery offers multiple benefits. The rise in the adoption of these metal parts is driving the Aluminum Die Casting Machines Market.
The Aluminum Die Casting Machine Market will acquire a valuation of USD 1.5 Billion and a CAGR of 6 % by 2030 in the forecast period.
The Aluminum Die Casting Machines Market is segmented into product type and industry vertical.
The product type segment is segregated into High-Pressure Die Casting, Low-Pressure Die Casting, and others which include vacuum-assisted HPDC and semi-solid metal casting.
High-Pressure Die Casting is the largest segment that offers a smooth surface, short casting cycle time, and smooth surfaces. Low-Pressure Die Casting is used for a wide range of applications.
The industrial vertical is classified into automotive, power, building and construction, and others. The automotive segment is the largest segment due to the higher usage of aluminum.
The Aluminum Die Casting Machines Market covers prominent areas such as North America, Europe, Asia Pacific, and the rest of the world.
Notable players in the global aluminum die casting machine industry are
- Buhler AG (Switzerland), K. Technology Holdings Limited (Hong Kong)
- Toshiba Machine Co., Ltd (Japan)
- TOYO Machinery & Metal (Japan)
- Ube Industries, Ltd (Japan)
- Walbro (US)
- Zitai Precision Machinery Co., Ltd (Taiwan)
- Alcast Company (US)
- Consolidated Metco, Inc. (US)
- Gibbs Die Casting Corp. (US), Frech (EN) (Germany)
- Idra Group Ltd (Italy)
- HMT Machine Tools Limited (India)
In May 2022, Tamil Nadu Small Industry Corporations are planning for a common facility center for aluminum die casting at high pressure with a cost of 5.8 Crore.
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