Market Research Report
Global Aluminum Die Casting Machinery Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||650425|
|Published||Content info||127 Pages
Delivery time: 1-2 business days
|Global Aluminum Die Casting Machinery Market 2019-2023|
|Published: August 5, 2019||Content info: 127 Pages||
Technavio's aluminum die casting machinery market analysis considers sales from HPDC, LPDC, and others. Our analysis also considers the sales of aluminum die casting machinery in APAC, Europe, MEA, North America, and South America. In 2018, the HPDC segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as better surface finish and tight tolerance of aluminum die-cast parts produced by HPDC, high efficacy in critical applications, and the increasing demand for NEVs will play a significant role in the HPDC segment to maintain its market position. Also, our global aluminum die casting machinery report also looks at factors such as benefits offered by die casting machines and die-cast parts, increasing demand for lightweight metal components in end-user industries and availability of advanced aluminum die die-casting solutions to optimize production cost. However, uncertainties in the slowdown of the global automobile sector, strong competition in mid-range machines market and availability of substitute technologies and metals may hamper the growth of the aluminum die casting machinery industry over the forecast period.
Die casting machinery is effective in the large-scale production of light metal parts because of its fast cycle time and low tolerances. Automotive manufacturers in developed countries are incorporating lightweight aluminum die-cast parts in their products to improve the overall fuel efficiency. This will lead to the expansion of the global aluminum die casting machinery market at a CAGR over 5% during the forecast period.
The transportation sector has been a significant contributor to environmental pollution. To mitigate this issue, most of the countries are focusing on the electrification of transportation solutions and banning fossil fuel vehicles within a stipulated time. This has led to the popularity of new energy vehicles (NEVs). NEVs are lightweight to increase range and address range anxiety. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global aluminum die casting machinery market during the forecast period 2019-2023, view our report.
With the presence of several major players, the global aluminum die casting machinery market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aluminum die casting machinery manufacturers, that include Buhler AG, L.K. Technology Holdings Ltd., TOSHIBA MACHINE Co. Ltd., Toyo Machinery & Metal Co. Ltd., and Ube Industries Ltd.
Also, the aluminum die casting machinery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.