Press release
Die Casting Machine Market 2019 Potential Growth, Regional Analysis, Industry Forecast To 2026
die casting machines
Rise in demand for fuel-efficient, high performance, and low-emission vehicles coupled with surge in defense expenditure and increase in manufacturing of defense equipment in the private sector have boosted the growth of the global die casting machines market. Moreover, increase in manufacturing machinery industries and environmental regulations on emission for the forging industries hamper the market growth. On the contrary, technologies advancements in the die casting process are expected to create lucrative opportunities in the near future.
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The hot chamber die-casting machine segment held the largest share
The hot chamber die-casting machine segment dominated the global die casting machines market in 2018, contributing to more than three-fifths of the market, owing to the advantageous feature of hot chamber die casting machines namely fast cycle times. However, the gravity die-casting machine segment is projected to register the fastest CAGR of 4.7% during the forecast period, owing to surge in demand from the construction and automotive industry.
Mechanical & manufacturing equipment segment to manifest the fastest growth by 2026
The mechanical & manufacturing equipment segment is projected to portray the fastest CAGR of 4.6% during the study period. The machinery manufacturers around the globe are re-allocating their manufacturing facilities and production plants closer to end-user markets, which boosts the growth of the segment. However, the transportation segment held the largest share in 2018, accounting for nearly half of the global die casting machines market, owing to the rapid growth of the transportation sector in India, China, and Germany.
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Asia-Pacific to register the fastest growth, followed by LAMEA and North America
The global die casting machines market across the Asia-Pacific region held the largest share in 2018, contributing to more than half of the market, owing to increase in investments from major producers for infrastructure, defense, and aerospace. Moreover, the region is expected to register the fastest CAGR of 4.7% during the forecast period. On the other hand, the market across North America is expected to register a CAGR of 3.0% from 2018 to 2026.
Major market players
o Agrati - AEE Srl
o Dynacast
o Buhler AG
o Italpresse Gauss
o Idra srl
o Toshiba Machine Co., Ltd
o Oskar Frech GmbH + Co. KG
o UBE
o Toyo Machinery & Metal Co., Ltd.
o Zitai Precision Machinery Co., Ltd.
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