The global die casting machines market was valued at US$ 2.8 billion in 2021 and it is anticipated to grow up to US$ 5.0 billion by 2031, at a CAGR of 5.8% during the forecast period.
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Die casting machines are conventionally employed in casting non-ferrous metals, including aluminum, zinc, copper, lead, and magnesium. Moreover, the die casting machines are used in tin-based alloys. The use of multiple equipment in the die casting machine has gathered steam in small to medium-sized castings, particularly due to the cost-effectiveness factor.
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Market Drivers and Trends
The automotive industry is keen on adopting new technologies to make their vehicles faster and safe simultaneously. Vehicle manufacturers use modern technologies and incorporate mechanisms to ensure every component used within vehicles is of perfect shape, quality, and size. And aluminum die casting is one such mechanism that can help deliver intricate components, which can be used within breaking mechanisms and for manufacturing different types of vehicles. Also, aluminum die casting manufacturers use reliable metals such as aluminum and zinc to make dedicated structures and components, which vehicles can use for better reliability and durability.
Global Die Casting Machines Market Segmentation
By Type
- Cold Chamber Die Casting Machine
- Hot Chamber Die Casting Machine
- Gravity Die Casting Machine
By Material
- Aluminum
- Zinc
- Magnesium
- Others
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Key Players
- AGRATI AEE S.r.l (Italy)
- Bühler AG (Switzerland)
- Form Technologies (US)
- L.K. Technology Holdings Limited (Hong Kong)
- Norican Group (ItalPresseGauss) [Denmark]
- Oskar Frech GmbH + Co. KG (Germany)
- Shibaura Machine CO., LTD. (Japan)
- Toyo Machinery & Metal Co., Ltd. (Japan)
- Ube Machinery Corporation, Ltd. (Japan)
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