Global Aluminum Die Casting Machinery Market: Introduction
- Aluminum die casting machinery is utilized to produce lightweight metal parts with high-quality surface finish. This machinery is preferred over sand casting and forging.
- Aluminum die casting machinery is also highly effective in producing lightweight metal parts in large amounts, due to its low operational cycle time and low maintenance
- In addition, lightweight metal parts are significantly employed in different end-use industries including aerospace, defense equipment, and automotive
Global Aluminum Die Casting Machinery Market: Dynamics
- Manufacturers of automotive parts, especially those in developed countries, are increasingly incorporating lightweight aluminum die casting machinery and metal parts into their products to improve the overall fuel efficiency
- Aluminum die casting machinery and die casting metal parts offer various benefits. This is increasing their adoption and, thereby, driving the global aluminum die casting machinery market
- Currently, pollution of the environment is becoming a matter of great concern in the society. The transportation sector is a major contributor to pollution. In order to reduce the pollution level, a majority of countries across the world are focusing on the introduction on electrification of transportation solutions and ban on fossil fuel vehicles.
- This has led to the development of new energy vehicles built with lightweight aluminum die casting parts
- Thus, shift from conventional vehicle models to new energy vehicles has augmented the demand for aluminum die casting machinery and metal parts, thereby promoting growth of the aluminum die casting machinery market.
- However, easy availability of alternative casting processes is expected to limit the global market during the forecast period. Forging is used significantly in the manufacture of large-sized, die-cast metal parts with high strength.
- Moreover, with increase in the large-scale production, recurring costs of individual metal parts decrease, which results in higher adoption of the forging manufacturing process. This is anticipated to restrain the global aluminum die casting machinery market during the forecast period.
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Global Aluminum Die Casting Machinery Market: Segmentation
- Based on product, the global aluminum die casting machinery market can be segmented into HPDC (high-pressure die casting), LPDC (low-pressure die casting), and others
- HPDC is anticipated to be a major product segment of the global aluminum die casting machinery during the forecast period
- The segment is anticipated to gain higher market share and thereby, maintain its leading position in the global aluminum die casting machinery market during the forecast period. Rising demand from the automotive industry for production of lightweight die casting metal parts is expected to be a major factor driving the demand for aluminum die casting machinery during the forecast period.
North America to Lead Global Market for Aluminum Die Casting Machinery
- In terms of region, the global aluminum die casting machinery market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- Asia Pacific is likely to dominate the global market for aluminum die casting machinery from 2019 to 2027.
- Growth of several end-use industries including automotive, construction, oil & gas, and power in Asia Pacific is expected to drive the aluminum die casting machinery market in the region during the forecast period
Key Manufacturers Operating in Global Aluminum Die Casting Machinery Market
The global aluminum die casting machinery market was moderately fragmented in 2018. Key manufacturers operating in the global market are:
- Bühler Holding AG
- Toyo Machinery & Metal Co., Ltd.
- TOSHIBA MACHINE Co., Ltd.
- Ube Industries Ltd.
- L.K. Technology Holdings Ltd.
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Global Aluminum Die Casting Machinery Market: Research Scope
Aluminum Die Casting Machinery Market, by Product
- HPDC (High-pressure Die Casting)
- LPDC (Low-pressure Die Casting)
Global Aluminum Die Casting Machinery Market, by Region
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.