ダイカストマシン市場 - 成長、傾向、予測
Die Casting Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
|ダイカストマシン市場 - 成長、傾向、予測|
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 90 Pages
The Die casting machinery market was valued at USD 2 billion in 2020 and is expected to reach 4 billion in 2026 by registering a CAGR of above 6% during the forecast period (2021 - 2026).
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 production of raw materials is increasing market expected to witness optimistic growth.
Factors such as growing market for light weight vehicles and increase in adoption of high pressure die casting, owing 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, which are used in automotive assembly.
This growing trend of producing light weight metals in the automotive industry, coupled with the growth in automobile sales to boost the demand for die casting machinery. In addition, increasing production in the automotive sector has catalyzed the demand for the die casting machines in the market.
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.
This in turn is projected to significantly drive the demand of die casting machine in the region. Furthermore, growing demand for industrial instruments expected to propel the market growth of die casting machine in the North America region.
The largest segment as automobile manufacturers are increasingly looking to is 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, aluminum expected to dominate the raw material segment of the market.
Moreover, rising cost of fossil fuels and growing electric vehicle adoption to act as significant driver in the market. In addition, stringent environmental regulations and Cafe standards imposed across various regions to support adoption of die casting process and related machinery. For instance,
Amidst of all the factors promoting the market, growing preference of the customers towards the aluminum products and ongoing trend of increased usage of aluminium is expected to provide a significant growth in the market.
The Asia-Pacific region is projected to experience growth during the forecast period owing to expansion of the automotive sector in the region. Moreover, growth in investments in construction activities and surge in mechanical & manufacturing equipment manufacturers in the emerging markets are also expected to fuel the growth of die casting machines market in the region.
Emerging economies like, China, India, etc. expected to have significant growth in automotive, and other manufacturing industries. 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.
This in turn is projected to significantly drive the demand of die casting machinery market in the region. Furthermore, growing demand for industrial instruments expected to propel the market growth of die casting machinery in the North America region. The rising industrial manufacturing and automotive industry in the Europe region also estimated to boost the growth of die casting machinery market over the forecast period.
The market for die casting machinery is neither a consolidated nor a fragmented one 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,
Buhler AG, Toshiba Machine Co. Ltd., Italpresse Gauss, L.K. Technology Holdings Ltd., Ube Industries Ltd. and Toyo Machinery & Metal Co. Ltd., are some of the major players within the market.