Global Aluminum Die Casting Machine Market Size was valued at USD 2,217.4 Million in 2023. The Global Aluminum Die Casting Machine industry is projected to grow from USD 2,317.2 Million in 2024 to USD 3,633.8 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.8% during the forecast period (2024 - 2032). Growing demand for aluminum die-casting in automotive industry, growing demand from construction industry, and technological advancements in aluminum die-casting is driving the global aluminum die casting machine market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The use of aluminum 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 aluminum utilized in the vehicle. It also has high flexibility, corrosion resistance, and malleability. Automobiles made with aluminum offer improved braking, acceleration, and handling. The improvement in fuel efficiency is the main advantage of employing aluminum 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 aluminum scrap can be recycled and recovered. These developments will support the usage of aluminum in the production of automobiles.
Currently, oxygen-filled die casting can be used to create a variety of castings made of aluminum alloy, including computer brackets, heat exchanger housings, hydraulic transmission valve bodies, and housing for hydraulic transmissions for die castings that need heat treatment or bursting, high air tightness, and use at higher temperatures, oxygenated die casting has technical and financial advantages. In the semi-solid die casting process, a liquid metal is solidified while still being cooled, resulting in a slurry that contains at least 50% solid phase material, which is subsequently created by die casting. There are currently two procedures for semi-solid die casting: flow forming and thixoforming. The former involves feeding the liquid metal into an injection moulding barrel that has been specially built. The barrel is then sheared by a screw mechanism, cooled into a semi-solid slurry, and finally die cast. In order to die-cast semi-solid metal particles under heating and shearing conditions, the latter involves feeding solid metal particles or chips into a screw injection moulding machine.
Based on type, the global aluminum die casting machine 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.
The end use segment of the global aluminum die casting machine market size includes power & energy, automotive, industrial, construction, aerospace & defense and others. The automotive segment is expected to dominate the market during the forecast period. The aerospace & defense category is anticipated to be the fastest growing in the segment. 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.
Figure 1: Global Aluminum Die Casting Machine Market, by End Use, 2022 & 2030 (USD Million)
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 is segmented into OEM and reseller. The OEM segment dominated the global 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 machines 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.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia pacific aluminum die casting machine market accounted for largest market share in 2022 and is expected to exhibit a significant CAGR growth during the study period. 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.
Figure 2: Global Aluminum Die Casting Machine Market, by region, 2022 & 2030 (USD Million)
The Europe aluminum die casting machine market includes the UK, Germany, France, Italy, and the rest of Europe, and 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.
The North America aluminum die casting machine market growth has been positively influenced 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.
Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, Japan, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.
Many global, regional, and local vendors characterize the aluminum die casting machine market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.
The major players in the market include 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, Endurance Technologies Ltd, and among others. The global aluminum die casting machine market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 2,217.4 Million |
| Market Size 2024 | USD 2,317.2 Million |
| Market Size 2032 | USD 3,633.8 Million |
| Compound Annual Growth Rate (CAGR) | 5.8% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, End Use, Customers, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, Middle East & Africa, and South America. |
| Countries Covered | The U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, China, Japan, India, UAE, South Africa, Saudi Arabia, Argentina, and Brazil. |
| Key Companies Profiled | 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 |
| Key Market Opportunities | · Technological advancements in aluminum die-casting market |
| Key Market Dynamics | · Growing demand for aluminiumdie-casting in automotive industry · Growing demand from construction industry |
Frequently Asked Questions (FAQ) :
The Global Aluminum Die Casting Machine Market size is expected to be valued at USD 3,633.8 Million in 2032.
The global market is projected to grow at a CAGR of 5.8% during the forecast period, 2024-2032.
Asia Pacific had the largest share of the global market.
The key players in the market are 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.
The Automotive category dominated the market in 2023.
high-pressure die casting type had the largest revenue share of the global market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
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