Aluminum die casting machinery: Key market research findings
- APAC dominated the market geographically
- HPDC is the dominant shareholder in the market
- Key vendors—Buhler Holding, Oskar Frech, Italpresse Industries, L.K. Machinery, Toshiba Machine, and Zitai
Technavio’s market research analysts estimate the global aluminum die casting machinery market to grow at a CAGR of around 7% between 2016 and 2020. The market is driven primarily by the growing demand for lightweight vehicles that stems from an attempt to reduce CO2 emissions. Government legislations about vehicle emission standards is encouraging automotive manufacturers across the globe to shift their focus to the use of lightweight metals for producing parts of automobiles as lightweight vehicles consume lesser fuel and hence, produce lower levels of CO2. In 2015, the APAC region dominated the global aluminum die casting machinery market by accounting for almost 70% of the total market share. The growing automotive production market, especially in countries such as China, India, and South Korea, is likely to fuel growth in the aluminum die casting machinery market in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the aluminum die casting segments based on type.
“The incorporation of simulation-based castings is the latest trend in the aluminum die casting machinery market across the globe. Simulation-based casting enables the production of cost-effective, reliable, and high-precision components. It also increases the casting yield and reduces the shop floor time. Manufacturers can predict the defects and their location easily, apart from being able to analyze and optimize the feed ability of the casting process, through the use of simulation-based casting,” Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
During 2015, the high pressure die casting (HPDC) segment was the dominant shareholder in the global aluminum die casting machinery market, with a 70% stake in the overall market share. The HPDC casting technique makes use of vacuum technology to produce top-notch finished products that are thin-walled and lightweight. This segment is projected to continue to its dominance in the worldwide market owing to an increasing demand for lightweight parts and components in the automotive and aerospace industries.
The key vendors in the global aluminum die casting machinery market include Buhler Holding, Oskar Frech, Italpresse Industries, L.K. Machinery, Toshiba Machine, and Zitai. Owing to the presence and domination of major die casting companies, this market appears moderately fragmented. Vendors constantly compete on the basis of quality, features, functionalities, and service offerings. Being capital-invasive, the market does not favor local providers, and the introduction of new products coupled with the rising demand from the automotive sector will intensify the level of competition during the forecast period.
A more detailed analysis is available in the Technavio report, Global Aluminum Die Casting Machinery Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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