Die Casting Machines Market Projected to Hit $4,978.7 Million by 2026 - Exclusive Report by AMR Covering Pre and Post COVID-19 Market Estimates

According to a new report published by Allied Market Research, titled, "Die Casting Machines Market by Type, Material, and End-User: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global die casting machines market size was valued at $3,633.6 million in 2018, and is expected to reach $4,978.7 million by 2026, registering a CAGR of 3.9% from 2019 to 2026.

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Asia-Pacific is expected to be the leading contributor in the global die casting machines market, followed by Europe and North America. By type, the hot chamber die casting machine segment accounted for the highest market share in 2018 and gravity die casting machine is expected to witness a significant growth during the forecast period, owing to the its installation in the automotive industry.

In terms of end-user, the transportation segment has secured the highest die casting machines market share in 2018, and mechanical & manufacturing equipment segment is expected to witness growth at a CAGR of 4.6% during the forecast period owing to technical innovations, and increase in emphasis on the construction and other industrial sectors, which is expected to provide lucrative growth opportunities for the key market players in developing economies.

The major players in the market, such as Idra S.r.l, Toshiba Machine Co., Ltd, Ube Industries, Ltd, are focused on developing new products to strengthen their presence in the market. Moreover, these companies expand their business by launching innovative products to sustain the intense competition. For instance, in November 2018, Toshiba Machinery launched the new DC-KT Series die casting machines in the Southeast Asia market. The production of this machine was started in the production plant located in Thailand. It features preset function for casting pressure and 2-level injection settings on low speed as well as intensification accumulators for standard configurations.

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According to Priyanka Khandelwal, Lead Analyst, Construction and Manufacturing at Allied Market Research, “By type, the gravity die casting machine segment is expected to experience growth in the near future due to expansion of the automotive sector, especially in Asia-Pacific. The market has witnessed significant growth over the past decade, owing to new developments in die casting technology. In addition, rise in investments in the construction and machinery industry around the globe are expected to drive the die casting machines market growth. A number of players are expanding their business around the globe, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the demand for the die casting machines.”

Global Die Casting Machines Market Segments:

By Type:

Cold chamber die casting machine
Hot chamber die casting machine
Gravity die casting machine
By Material:
Aluminum
Zinc
Magnesium
Others

By End-User:

Transportation
Mechanical & Manufacturing Equipment
Building & Construction
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

Key Players:

Agrati - AEE Srl
Bühler AG
Dynacast
Idra srl
Italpresse Gauss
Oskar Frech GmbH + Co. KG
Toshiba Machine Co., Ltd
Toyo Machinery & Metal Co.,Ltd.
UBE
Zitai Precision Machinery Co., Ltd.

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This release was published on openPR.