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Aluminum Die-Casting Machine Market Size Expected to Grow at a CAGR over 5.82% from 2022 to 2030

Market Research Future (MRFR) has published on the “Global Aluminum Die Casting Machine Market”.


The global aluminum die casting machine market is estimated to register a CAGR of 5.82% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global aluminum die casting machine market— Buhler AG, L.K. Technology Holdings Limited, Toshiba Machine Co., Ltd, TOYO Machinery & Metal, Ube Industries, Ltd, Walbro, Alcast Company, Consolidated Metco, Inc, Zitai Precision Machinery Co., Ltd, Gibbs Die Casting Corp, Birch Machining Co, And Endurance Technologies Ltd.


Market Highlights


The Global Aluminum Die Casting Machine Market is estimated to register a CAGR of 5.82% during the forecast period and is estimated to reach USD 2480.9 Million by 2030.


The advantages provided by die casting machines and die-cast parts are a major element propelling the expansion of the worldwide aluminium die casting machinery market size. Light metal pieces with accurate surface finishes cannot be mass produced using metal forming techniques like sand casting and forging. As a result, there is a major increase in demand for die casting equipment for producing lightweight metal components comprised of alloys of zinc, magnesium, and aluminium. A high surface polish is guaranteed by the die casting technique, which also reduces the need for further procedures. Moreover, the use of aluminium in the manufacture of automobiles has experienced tremendous expansion over the last few decades, and this trend will likely continue in the years to come. Aluminum is lighter than steel and has a density that is only one-third that of steel. The weight of a car is reduced by about one kilogram for every kilogram of aluminium utilized in the vehicle. It also has high flexibility, corrosion resistance, and malleability. Automobiles made with aluminium offer improved braking, acceleration, and handling. The improvement in fuel efficiency is the main advantage of employing aluminium in the manufacture of automobiles. Aluminum-made vehicles provide safety advantages by requiring less time to stop, considerably reducing the risk of potential crashes. Additionally, it provides substantial environmental advantages because about 90% of vehicle aluminium scrap can be recycled and recovered. These developments will support the usage of aluminium in the production of automobiles.


Additionally, the building and construction sector makes extensive use of die casting services. Custom dies for casting metal parts are in high demand as the market booms for more residences and constructions. Because of distinctive qualities like high strength and lightweight, aluminium die casting is incredibly popular among many sectors of the construction industry. Aluminum casts are frequently employed for window frames and other glazed constructions, including storefronts and enormous roof superstructures for stadiums and shopping malls. In addition to cast door handles, die-cast components are used for curtain walls, aluminum die casting machine, and roofing.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Aluminum Die Casting Machine Market Research Report


Segment Analysis


The global aluminum die casting machine market has been segmented based on type, end use, and customer.


On the basis of type, the market is segmented into high-pressure die casting, low-pressure die casting and others. The high-pressure die casting segment dominated the global market in 2022, while the low-pressure die casting segment is projected to be the fastest–growing segment during the forecast period. Die casting provides casting with exceptional surface smoothness and a close to net shape. With cycle times ranging from one minute to four or five minutes per cycle, it is not the quickest method, but the labor input is very low. It is typically the casting production method with the lowest cost. In HPDC, steel molds are injected with liquid aluminum under pressure using specialized equipment. Cold chambers die casting is the technique used in aluminum casting. Zinc and occasionally magnesium is cast using a process called hot chamber die casting. The remarkable properties offered by the process, such as quick cavity filling, a clean surface finish, tighter dimension accuracy, and excellent mechanical capabilities, are responsible for a substantial portion of pressure die casting's market share. In particular, the automobile industry, pressure die casting's rising popularity is anticipated to fuel market expansion during the ensuing years.


Based on end use, the global aluminum die casting machine market is bifurcated into power & energy, automotive, industrial, construction, aerospace & defense and others. The automotive segment dominated the market in 2022, while the aerospace & defense segment is projected to be the fastest–growing segment during the forecast period. In 2021, the industrial sector accounted for a sizable portion of revenue. The components of the aforementioned machinery utilize aluminum cast goods. Throughout the projected period, it is anticipated that increasing infrastructure investments in Asian nations will increase demand for construction equipment. The use of aluminium die-cast items in homes, including door handles, roofing, curtain walling, and windows, dominates the product demand in the building and construction sector. Due to shifting customer choices, the substitution of iron and steel is increasing, which is positively affecting market expansion.


Long-term demand for die casting equipment will increase as a result of the automotive industry's increased preference for creating lightweight metals and rising auto sales. During the projected period, the market is also anticipated to benefit from expansion in the 3C industry and advancements in renewable energy generation.


Based on customers, the global aluminum die casting machine market is bifurcated into OEM and reseller. The OEM segment dominated the market in 2022, while the reseller segment is projected to be the fastest–growing segment during the forecast period. Over the course of the forecast period, the revenue growth rate for the reseller channel segment is anticipated to be extremely rapid. Availability of wide variety of aluminum die casting products is likely to proliferate the growth of reseller market. The demand for aluminum die-casting machine is being driven by a number of manufacturers that are attempting to grow their market share through strategic efforts, innovations, and the introduction of technologically improved products. To increase the reach of their products, manufacturers are concentrating on expanding their distribution, marketing, and sales channels. They are also looking into the possibility of selling their products online and through direct channels like department shops and supermarkets.


Regional Analysis


The global aluminum die casting machine market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe aluminum die casting machine market comprises of Germany, France, UK, Spain, Italy, and the rest of Europe. The Global Aluminum Die Casting Machine Market in Asia-Pacific has been segmented into China, India, Japan, and the rest of Asia-Pacific. The Middle East & Africa aluminum die casting machine market consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. The Global Aluminum Die Casting Machine Market in South America has been segmented into Brazil, Argentina, and Rest of South America.


The largest market share for aluminum die casting machines was maintained by the Asia Pacific regional sector. Due to the region's growing automotive industry, the Asia-Pacific region is expected to grow rapidly during the projection period. Additionally, it is anticipated that an increase in investments in construction projects and a spike in the production of mechanical and manufacturing equipment in growing countries will support the growth of the market for aluminum die casting machines in the region. The automotive and other manufacturing sectors are anticipated to experience significant growth in emerging economies like China, India, etc. In 2019, China, one of the leading exporters of auto parts globally, exported parts and accessories for motor vehicles worth USD 33.63 billion. In addition to having low labor costs, China has earned the nickname "the world's factory" due to its thriving business environment, lax regulatory requirements, low taxes and customs, and aggressive monetary policies. India exported 4.77 million cars in 2019, up from 4.63 million in 2019, according to India Brand Equity.


Moreover, Europe is the second-largest region in the aluminum die casting machine market. The market under study is primarily driven over the long term by supply chain complexity in the die casting industry, the growing automotive market, the increasing use of die casting parts in industrial machinery, the expansion of the commercial vehicle industry, and the use of aluminum casts in electrical and electronic applications. Over the past 20 years, the average number of die-cast components used in passenger automobiles has more than doubled in the European sector as a whole. The market for automotive parts die casting is developing in the region and is anticipated to retain moderate development for the next five years, going from just 50kg of aluminum parts per passenger vehicle in 1990 to over 500kg of it in the AUDI A8 model.


Additionally, the North America aluminum die casting machine market has grown significantly in recent years. Aluminum die casting is widely produced and consumed in the United States. As a result of the COVID-19 pandemic's development, which caused a decline in both production and consumption activities, the upward growth trajectory of the U.S. market was significantly affected in 2020. However, during this time, regional players were increasingly the targets of global players' acquisition activities, which significantly grew. For instance, in March 2020, Metalsa S.A. de C.V.'s structural components business sector was acquired by Martinrea International Inc., a company that designs, develops, and manufactures propulsion systems and lightweight structures. Six new factories have been added as a result of the acquisition, including ones in the United States, Mexico, Germany, South Africa, and two in China. Martinrea International Inc. is expected to develop as a result of the strategic plan, increasing both its customer base and product offering.


Because aluminum products improve modern living, there is a steady increase in demand for them throughout the Middle East. Aluminum is widely used in practically every aspect of daily life, including transportation, food and medicine, packaging, construction, electronics, and the transmission of electrical power. Aluminum is really used more than any other metal, with the exception of iron. The "aluminum can" is the consumer product that is recycled the most in the world, yet it is the second-most commonly utilized metal.


Furthermore, the Aluminum die casting machine market in South America is anticipated to grow at a substantial rate over the forecast period. The automotive sector is expected to be a major driver for the South America aluminum die-casting market. Despite the epidemic, the South American passenger automobile market saw significant growth in 2021. The industry is anticipated to rebound with strong numbers in the upcoming quarters, despite the fact that the numbers show a drop in sales of all vehicle types in all of the region's countries combined of more than 100% in 2021. This is because of the pandemic, the speed at which the economy is expected to recover, and the fact that the region is a popular destination for international investors.


Key Findings of the Study



  • The Global Aluminum Die Casting Machine Market is expected to reach USD 2480.86 Million by 2030, at a CAGR of 5.82% during the forecast period.

  • The Asia Pacific region accounted for the fastest-growing global market due to growing automotive industry and other manufacturing sectors.

  • Based on customer, the OEM segment was attributed to holding the largest market in 2022.

  • Buhler AG, L.K. Technology Holdings Limited, Toshiba Machine Co., Ltd, TOYO Machinery & Metal, Ube Industries, Ltd, Walbro, Alcast Company, Consolidated Metco, Inc, Zitai Precision Machinery Co., Ltd, Gibbs Die Casting Corp, Birch Machining Co, And Endurance Technologies Ltd are the key market players.

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Report details
Base Year 2020
Companies Covered 15
Pages 128
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
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