Die Casting Machinery Market Growth Forecasts: A $2 Billion Market in 2027, with CAGR of 6.8 %

Waxhaw, United States, April 20, 2022 (GLOBE NEWSWIRE) -- Industry Data Analytics, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Die Casting Machinery market. We have been studying the market from the past 10 years and this is our 6^th edition of the report. It took us around 3 months to complete the research and finally make it available in the market for sale.

Some of our key findings from the research are as follows:

1. Die Casting Machinery are industrial tools which are used to produce or manufacture metal products by filling metal molds with light melted alloy such as steel, carbon, bronze, aluminum, tin, and zinc. Die casting process is defined as the shortest distance between the finished product and the raw materials.
2. The scope of the report covers segmentation based on machine type, industry, raw material, and geography. By machine type, the market is segmented into cold chamber die casting machines, and hot chamber die casting machines. By industry, the market is segmented into automotive, 3C industry, and other industries.

Key Market Key Players:

During our course of research, we have studied the key market players around the globe along with some prominent local players. We made a detailed list of the all the available players that we could find through our research and have included those mentioned below in our list:

Buhler, L.K. Group, Toshiba Machine, UBE Machinery, Italpresse, Frech, Birch Machinery Company, Toyo Machinery & Metal, Zitai Machines, Colosio Srl, Ningbo Dongfang, Yizumi Group, Wuxi Xinjiasheng, Suzhou Sanji, Huachen, Guannan Die Casting Machine and Others.

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New and Latest market trends:

1. With the Carat 840 and the Carat 920, Bühler has further extended its portfolio as the automotive industry’s demand for larger and more complex parts continues to increase. These larger parts require new production processes, a new challenge for customers. Building on its experience on current large solutions, Bühler is their partner for innovating the entire production cycle for these even larger parts.
2. Mitsubishi Materials Corporation, the Japanese manufacturing company said that it will sell its aluminium business that produces beverage cans and automotive parts, to the US investment fund Apollo Global Management for an undisclosed amount.
3. Nantong Jiangzhong Photoelectricity Co., Ltd. (“Jiangzhong”) has officially launched its latest project: installing an Italpresse Gauss TF5700 High Pressure Die Casting (HPDC) machine. Held on 1st February 2021 at the company’s base in Jiangsu Province, China, the project launch ceremony follows the contract signed at the end of 2020.

Recent Market Developments:

1. Huicheng Foundry Ltd, an aluminium foundry based in Jinan City, Shandong province, has ordered three large high-pressure die-casting machines from Italpresse Gauss, a Norican Technology, at this year’s GIFA.
2. UBE MACHINERY CORPORATION, Ltd., the core company of the UBE Group’s machinery business, announced today that an extraordinary general meeting of shareholders held today has decided to change the company’s Japanese trade name (Ube Kosan Kikai Kabushiki Kaisha) as follows.
3. Ube Machinery Corporation, Ltd. (President: Hironori Miyauchi), a consolidated subsidiary of Ube Industries, Ltd. (President: Masato Izumihara), today announced it plans to absorb two of its subsidiaries by merger, as part of a realignment of its injection molding machine business. The two subsidiaries to be absorbed into Ube Machinery are U-MHI Platech Co., Ltd. (President: Koji Kubota) and U&M Plastic Solutions Co., Ltd. (President: Junichi Yonehara).
4. Xometry, the largest on-demand manufacturing platform, today announced that it has entered into a national distribution agreement with Mitsubishi Materials, U.S.A to offer select cutting tools via Xometry Supplies, its online store. Beginning in June, customers will be able to choose from the full line-up of DiaEdge and MOLDINO cutting tools, expanding the Xometry Supplies offering of CNC machine tooling by over 25,000 items.

Report Scope & Segmentation:

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Regional Analysis:

1. Asia Pacific is estimated to hold a prominent share in the global die casting machines market, owing to growing manufacturing industries across the region. Emerging economies like, China, India, etc. expected to have significant growth in automotive, and other manufacturing industries.
2. China is among the world’s largest suppliers of car parts, exporting motor vehicle parts and accessories worth USD 33.63 billion in 2019. In addition to its low labor costs, China has become known as 'the world's factory' because of its strong business ecosystem, lack of regulatory compliance, low taxes and duties, and competitive currency practices.

Market Segment Analysis

1. The aluminum die-casting machine market is growing globally due to the increasing use of aluminum in the automotive, aerospace, construction, and power industries worldwide. Aluminum has several qualities that make it more suitable for use in automotive manufacturing than steel. While steel is less expensive, it is heavier, which results in reduced fuel economy.
2. The hot chamber die casting machine can provide high volume output and convenience of melting the metal in the machine. Those alloys which cannot be cast in hot chamber machines are cast be the cold chamber die casting machines.
3. The largest segment as High-Pressure Die Casting (HPDC) is employed for over two-thirds of aluminum die casting. HPDC offers a short casting cycle time and smooth surfaces and is well suited for automation.
4. Low-Pressure Die Casting (LPDC) is excellent for casting aluminum when strength and complex patterns are required. It also is more efficient in terms of metal utilization but casting time is slow.

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https://www.industrydataanalytics.com/reports/die-casting-machinery-market

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