Aluminum Die Casting Machinery Market- By Type (Old Chamber Die Casting Machine, Hot Chamber Die Casting Machine, And Gravity Die Casting Machine), By Material (Aluminum, Zinc, Magnesium, And Others), By End-User (Transportation, Mechanical & Manufacturing Equipment, Building & Construction, and Others), By Product (HPDC (high-pressure die casting), LPDC (low-pressure die casting), and Others) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Aluminium Die Casting Machinery Market in 2020 held $3884.9 million and is to grow with a CAGR of 3.4% from 2020-2030. Die casting system requires die under high pressure in the process of turning the molten metal into reusable metal. They are categorized into single & multiple cavity and dies in combination. This method is used to produce alloy surface and metal parts which are precisely dimensioned, defined, smooth and textured. These metal parts include frame, air valve, flywheel & bracket, smart locks, and appliances for automobiles. Among all of the metals die castings, the aluminum die casting is very popular. Aluminum die casting machinery is used to produce high quality lightweight metal parts. This method is preferred over casting and forging on clay. Because of its low maintenance and short operating cycle time, aluminum die casting machinery is highly efficient in manufacturing lightweight metal parts in larger quantities. In addition to it, lightweight metal components are used extensively in numerous end-use industries including aerospace, defense equipment and the automotive industry, hence affecting the rapid growth aluminum die casting machinery market

Market Dynamics and Factors:

Factors such as the growth of the demand for light weight vehicles and the rise in the adoption of high pressure die casting (HPDC), due to technological advances, drives the growth of the demand in aluminum die casting machinery market. In addition, many manufacturers of automotive components use aluminum die casting machines to produce lightweight aluminum casting components which are used in automotive assembly. This increasing trend in the production of light weight metals in the automotive industry, combined with the rise in car sales, is boosting demand for die casting machinery. Aluminum die casting machines and metal die casting components give various advantages. This raises their popularity and thus drives the global demand  for aluminum die casting machines.

Market Segmentation:

Based on the type, the global aluminum die casting machinery market can be classified into the old chamber die casting machine, hot chamber die casting machine, and gravity die casting machine. On the basis of End-User, the market can be segmented into  transportation, mechanical & manufacturing equipment, building & construction, and others. On the basis of product, the aluminum die casting machinery market market is segmented into HPDC (high-pressure die casting), LPDC (low-pressure die casting), and others. Geographic breakdown of the abovementioned segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

North America has dominated the aluminum die casting machinery market with the large demand and use of this coatings for aircraft. The region is a hub for advanced technology and the growing expenditure of government on defense which is further fuelling the market to grow. Asia Pacific is also growing at a fast pace and expected to dominate in the future. Due to the growing demand for aircraft and rise in disposable income, market is expected to continue the growth in the upcoming years.

Competitive Scenario:

The Global Aluminium Die Casting Machinery Market consist of key players like Toyo Machinery & Metal Co.,Ltd., Dynacast, Idra srl, Italpresse Gauss,  Agrati - AEE Srl, Toshiba Machine Co., Ltd, Zitai Precision Machinery Co., Ltd., UBE, and Bühler AG, Oskar Frech GmbH + Co. KG,

Aluminum Die Casting Machinery Market Report Scope