DUBLIN – (COMMERCIAL THREAD) – The report “Die Casting Machinery Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” has been added to ResearchAndMarkets.com offer.
The die-casting machinery market was valued at USD 2 billion in 2020 and is expected to reach 4 billion in 2026 registering a CAGR above 6% during the forecast period (2021 – 2026).
Toshiba Machine Co. Ltd.
LK Technology Holdings Ltd.
Ube Industries Ltd.
Toyo Machinery & Metal Co. Ltd
Dynacast (Forms Technologies)
Oskar Frech GmbH + Co. KG
Zitai Precision Machinery Co., Ltd.
Key market trends
Growing adoption of aluminum in the die-casting machine market
The most important segment that automakers are increasingly turning to is aluminum instead of steel and iron to produce components and parts using die-casting machines. As aluminum is much lighter than steel and due to its various advantages such as ductility over other materials, aluminum is expected to dominate the raw material segment of the market.
In addition, the rising cost of fossil fuels and the growing adoption of electric vehicles is a major driver in the market. In addition, strict environmental regulations and coffee standards imposed in various regions to support the adoption of the die-casting process and associated machinery.
In December 2018, the EU established new regulations on carbon dioxide emissions for new passenger cars and commercial vehicles. The agreed targets aim to reduce average CO2 emissions from new passenger cars by 15% in 2025 and 37.5% in 2030, both from the baseline of 2021. A reduction of 15% by 2025 and an additional 31% for 2030 has been agreed for light commercial vehicles.
Amid all the factors favoring the market, the growing customer preference for aluminum products and the current trend towards increased use of aluminum are expected to drive significant market growth.
Asia-Pacific to experience significant growth over the forecast period
The Asia-Pacific region is expected to experience growth during the forecast period due to the expansion of the automotive sector in the region. In addition, growing investment in construction business and increasing number of mechanical and manufacturing equipment manufacturers in emerging markets are also expected to fuel the die-casting machinery market growth in the region.
Emerging economies like China, India, etc. are expected to experience significant growth in the automotive and other manufacturing industries. China is one of the world’s largest auto parts suppliers, exporting auto parts and accessories worth $ 33.63 billion in 2019. In addition to its low labor costs, China has become “the factory of the world” because of its strong business ecosystem, lack of regulatory compliance, low taxes and duties, and competitive exchange practices.
This in turn is expected to significantly boost the demand of the die-casting machine market in the region. In addition, the increasing demand for industrial instruments is expected to propel the growth of the die-casting machinery market in the North America region. The growth of industrial manufacturing and automotive industry in the Europe region is also expected to drive the growth of the die-casting machinery market during the forecast period.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market drivers
4.2 Market constraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Machine type
5.1.1 Cold room die casting machines
5.1.2 Hot chamber die casting machines
5.2.2 Industry 3C
5.3 Raw material
6 COMPETITIVE LANDSCAPE
6.1 Supplier market share
6.2 Company profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/1hdtki