Global Die Casting Machines Market: Growth Trends, Forecast, and Key Players 2031

Die casting machines are industrial machines used for the manufacturing of metal components with a high degree of precision and accuracy. These machines use a casting process that involves melting metal and injecting it into a mold, creating a solid component. Die casting machines are widely used in the automotive, aerospace, electronics, and consumer goods industries.

The global die casting machines market size was $2,664.7 million in 2020, and is projected to reach $4,864.6 million by 2030, growing at a CAGR of 6.1% from 2021 to 2030.

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This blog will provide an overview of the global die casting machines market, including its growth trends, forecast, and key players.

Market Size and Growth Trends

The global die casting machines market size was valued at $2.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The growth of the market is primarily driven by the increasing demand for lightweight components in the automotive and aerospace industries.

Moreover, the rise in the adoption of die casting machines in the consumer goods and electronics industries is further fueling the growth of the market. Die casting machines are used to produce high-quality, intricate metal components with tight tolerances, which is essential in the manufacturing of electronic devices and consumer goods.

Die casting machine engages in the process of forcing molten metal into reusable metal die under high pressure. Dies are classified into single & multiple cavity and combination dies. This process is utilized to manufacture accurately dimensioned, defined, smooth, and textured surface alloy and metal parts. These metal parts include chassis, air valve, flywheel & bracket, smart locks, and automobiles appliances

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Regional Analysis

The Asia Pacific region dominates the global die casting machines market, accounting for more than 50% of the market share. The region's dominance is primarily due to the high demand for die casting machines in countries such as China, Japan, and India. These countries are major manufacturing hubs for the automotive, aerospace, and consumer goods industries, which are the primary end-users of die casting machines.

North America and Europe are also significant markets for die casting machines, with the United States and Germany being major contributors to the market's growth in these regions. The demand for lightweight components in the automotive industry is driving the growth of the die casting machines market in these regions.

Key Players in the Market

The global die casting machines market is highly competitive, with the presence of several key players. Some of the major players operating in the market include:

Buhler AG

Toshiba Machine Co., Ltd.

UBE Machinery Corporation, Ltd.

Dynacast

Italpresse Gauss

Frech Group

LK Machinery

Ningbo Dongfang Die-Casting Machine Tool Co., Ltd.

Toyo Machinery & Metal Co., Ltd.

Zitai Precision Machinery Co., Ltd.

These players are focusing on expanding their product portfolios and investing in research and development activities to develop advanced die casting machines with improved efficiency and productivity.

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Forecast

The global die casting machines market is expected to continue its growth trend in the coming years. The increasing demand for lightweight components in the automotive and aerospace industries, coupled with the rising adoption of die casting machines in the consumer goods and electronics industries, is expected to drive the growth of the market.

Moreover, the growing trend towards Industry 4.0 and the adoption of automation and digitalization technologies in the manufacturing sector is expected to further fuel the demand for die casting machines. These technologies are expected to enhance the efficiency and productivity of die casting machines, leading to increased adoption in various industries.

The global die casting machines market is witnessing steady growth, driven by the increasing demand for lightweight components in various industries. The Asia Pacific region dominates the market, with China, Japan, and India being major contributors to the market's growth. Key players in the market are investing in research and development activities to develop advanced die casting machines with improved efficiency and productivity. The market is expected to continue its growth trend in the coming years, driven by the growing trend towards Industry 4.0 and the adoption of automation and digitalization technologies in the manufacturing sector.

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