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Die Casting Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • ID: 4987229
  • Report
  • June 2022
  • Region: Global
  • 100 Pages
  • Mordor Intelligence

FEATURED COMPANIES

  • Buhler AG
  • IDRA Group
  • Italpresse Gauss
  • Oskar Frech GmbH + Co. KG
  • Toshiba Machine Co. Ltd
  • Ube Industries Ltd
The die casting machinery market was valued at USD 2.2 billion in 2020, and it is expected to reach 5.30 billion in 2027 by registering a CAGR of above 6% during the Forecasts period, 2022-2027.

The COVID-19 pandemic had a profound impact on manufacturing operations, and the market witnessed a slowdown due to supply chain disruptions and trade restrictions worldwide. However, as the production of raw materials is increasing, the market is expected to witness optimistic growth.

Over the long term, growing trend of producing lightweight metals in the automotive industry, coupled with the growth in automobile sales, boosts the demand for die casting machinery. Further, growth in the 3C industry and growth in the renewable power generatio is also expected to offer several growth opportunities for the market during the forecats period.

Factors, such as the growing market for lightweight vehicles and the increase in adoption of high pressure die casting, due to technological advancements fuel the die casting machines market growth. Moreover, many automotive component producers utilize aluminum die casting machines to manufacture lightweight aluminum cast parts used in automotive assembly.

Asia-Pacific is estimated to hold a prominent share in the global die casting machines market, due to growing manufacturing industries across the region. Emerging economies, like China, India, etc., are expected to have significant growth in the automotive and other manufacturing industries. Thus, this is projected to significantly drive the demand for die casting machines in the region.

Key Market Trends


Growing Adoption of Aluminum in Die Casting Machinery to Enhance Demand in the Market


The largest segment, automotive industry, is increasingly focusing on use of aluminum instead of steel and iron to produce components and parts using die casting machinery, as aluminum is much lighter than steel and due to its varied advantages, like ductility over other materials. Moreover, the increasing cost of fossil fuels and growing electric vehicle adoption act as a significant driver in the market. Additionally, stringent environmental regulations and cafe standards were imposed across various regions to support the adoption electric vehicles and light weight components in vehicles. For instance,
  • In May 2022, The Tamil Nadu (state in India) Small Industries Development Corporation (Tansidco) is planning to establish a common facility Centre (CFC) for aluminum high-pressure die casting at an estimated cost of 5.8 crore.
  • In May 2022, Shinhwa Auto USA Corp. announced plans to add a second auto parts manufacturing facility in Auburn, Alabama to expand output of aluminum parts, including both die casting and machining operations, and meet future demands stemming from EV production. In November 2021, the company announced the addition of high-pressure aluminum die casting and post-processing equipment through a USD 42 million expansion project.
The growing preference towards aluminum products and the ongoing trend of increased usage of aluminum is expected to provide significant growth in the market. For example,
  • In April 2022 Ford Motor Co. officials presented the ARBOMEX plant in Apaseo el Grande, Mexico with its prestigious Q1 distinction. ARBOMEX manufactures balance shafts for the 1.5-liter 12V DOHC L3 Dragon engine produced at Ford's Chihuahua engine plant that are used in the Bronco Sport, assembled in Hermosillo, the Escape crossover, and other models. In addition to being a priority supplier to Ford, ARBOMEX supplies iron, steel and aluminum components for other OEMs such as Stellantis and Mazda. ARBOMEX also houses production lines for camshafts and aluminum high pressure die castings (HPDC) for Stellantis, FICOSA and recently Tesla.
  • In December 2021, General Motors announced plans to invest more than USD 51 million to install state-of-the-art equipment at its Bedford, Indiana aluminum die casting foundry to support the manufacture of drive unit castings for the upcoming Chevrolet Silverado EV and other current casting applications.


Asia-Pacific Region Likely to Witness Significant Growth During Forecasts Period


The Asia-Pacific region is projected to experience high growth during the Forecasts period owing to the expansion of the automotive sector in the region. Moreover, growth in investments in construction activities and a surge in mechanical and manufacturing equipment manufacturers in the emerging markets are also expected to fuel the growth of the die casting machines market in the region. For instance,
  • In March 2022, Minda corporation at their Investec promoter conference announced their key strategic priority areas. Under the safety security systems, the company will develop the mechatronics and electronics needed for Smart Key. In their Die-Casting Division, Minda corporation has all 4-casting technology under one roof (HC, HPDC, GDC & LPDC) and has completed all in-house processes to supply Upper bracket and handle holder parts (die casting, powder coating, machining, and testing). They are also adding new customers in the domestic market as well as for components required for Electric vehicles.
  • In March 2022, Ningbo Tuopu Group Co., Ltd. (Tuopu Group) announced that the integrated huge die-casting rear cabin that is developed based on the 7,200-ton giant die-casting machine rolled off the assembly line at the Hangzhou Bay plant in Ningbo. The rear cabin is about 1,700mm in length and 1,500mm in width, reducing its weight by 15%-20%. Tuopu Group cooperates with Human Horizons in integrated die-casting technology through which dozens of components can be integrated into one piece and cast together.
Emerging economies, like China, India, etc., are expected to have significant growth in the automotive and other manufacturing industries. China is among the world’s largest suppliers of car parts and exported 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. According to India Brand equity, India exported 4.77 million automobiles up from 4.63 million in 2019.

Thus, this is projected to significantly drive the demand for the die casting machinery market in the region. Furthermore, the growing electric mobility and rising demand for wide range of components anticipated to drive demand in the region.



Competitive Landscape


The market for die casting machinery is neither moderately consolidated due to the presence of both established companies as well as local and regional players. Most players have their presence in a limited geographical area, but major companies have an extended footprint, which is expected to tilt the balance in their favor. For instance,
  • In May 2021, LK Group and Wencan Co., Ltd. signed a super-large intelligent die-casting unit and strategic cooperation agreement.
  • In July 2020, Endurance Group announced that its step-down subsidiary in Italy, Endurance SpA, has decided to undertake consolidation of its foundry activities whereby the plant operations, including workmen and necessary plant and machinery, from Grugliasco are shifted to the Chivasso plant. This aims to improve the operating and cost efficiencies and achieve economies of scale which is expected to result in annual savings of around EUR 600,000. These plants are supplying highly complex die casting and machined components to its OEM customers in the automotive sector.
  • In January 2020, Yoshiaki Murakami fund launched JPY 25.9 billion hostile bid for Toshiba Machine, as the government promotes corporate governance reform to make management more accountable to investors.
Buhler AG, Toshiba Machine Co. Ltd, Italpresse Gauss, LK Technology Holdings Ltd, Ube Industries Ltd, and Toyo Machinery & Metal Co. Ltd, are some major players within the market.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Buhler AG
  • IDRA Group
  • Italpresse Gauss
  • Oskar Frech GmbH + Co. KG
  • Toshiba Machine Co. Ltd
  • Ube Industries Ltd

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Buyers/Consumers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size - in Value USD billion)
5.1 By Machine Type
5.1.1 Cold Chamber Die Casting Machines
5.1.2 Hot Chamber Die Casting Machines
5.2 By Industry
5.2.1 Automotive
5.2.2 3C Industry
5.2.3 Other Industries
5.3 By Raw Material
5.3.1 Aluminum
5.3.2 Magnesium
5.3.3 Other Raw Materials
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 South Korea
5.4.3.4 Japan
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Buhler AG
6.2.2 Toshiba Machine Co. Ltd
6.2.3 Italpresse Gauss
6.2.4 LK Technology Holdings Ltd
6.2.5 Ube Industries Ltd
6.2.6 Toyo Machinery & Metal Co. Ltd
6.2.7 Dynacast (Form Technologies)
6.2.8 Oskar Frech GmbH + Co. KG
6.2.9 IDRA Group
6.2.10 Zitai Precision Machinery Co. Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS**
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Buhler AG
  • Toshiba Machine Co. Ltd
  • Italpresse Gauss
  • LK Technology Holdings Ltd
  • Ube Industries Ltd
  • Toyo Machinery & Metal Co. Ltd
  • Dynacast (Form Technologies)
  • Oskar Frech GmbH + Co. KG
  • IDRA Group
  • Zitai Precision Machinery Co. Ltd
Note: Product cover images may vary from those shown

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