Aluminum Die Casting Machinery Market Size, Share, Growth, And Industry Analysis, By Type (Light (Below 4000kN), Middle (4000kN～10,000kN), Heavy (Above 10,000kN)), By Application (Home Appliance, Medical Instrument,3C Industries, and Others), Regional Forecast To 2032

Updated On: 22 April 2024

Aluminum Die Casting Machinery Market Report Overview

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global Aluminum Die Casting Machinery market size was USD 5776.9 million in 2022 and market is projected to touch 8875.6 Million By 2032, exhibiting a CAGR of 4.4% during the forecast period.

Aluminum die-casting machines are used to make metal parts by forcing molten metal into the mold cavity of the die-casting machine. Several types of casting parts are widely used in various industries such as aerospace, automotive, and shipbuilding. This creates a lucrative market for injection molding machines. the increasing demand for lightweight components and complex parts can be easily met and efficiently produced by injection machines, therefore they are largely used, which increases the demand for aluminum injection machines.

Aluminum injection molding machines are used to produce light meat parts with high-quality surface treatment. This machine is better than sand casting and forging. Aluminum die-casting machines are also very efficient, producing light metal parts in large quantities due to their short-duty cycle and low maintenance. In addition, lightweight metal parts are used significantly in a variety of end-use industries, including aerospace, defense, and automotive.

COVID-19 Impact: Pandemic Hampered Market Growth due to Lower Demand from Industries

The COVID-19 pandemic has posed a continuing threat to the aluminum die casting market. The pandemic had a major impact on the aluminum industry, in 2020 it had a positive and negative impact on The first quarter of 2021 (Q1) was also limited by the second and third waves of the virus. The demand-supply chain of the aluminum die market was disrupted by forced production shutdowns during the shutdown period, followed by strict standards requiring companies to operate at minimum capacity.

Fluctuations in raw material prices, unemployment, and few production and transportation disruptions hindered the production of aluminum castings. The global aluminum castings market needs a post-pandemic phase. recovery may be hampered by supply chain disruptions that affect market dynamics and product prices. In addition, the global market is experiencing adverse economic conditions and increased consumption due to constraints in distribution and transmission capacity. Also, limited production, support functions, labor shortage and other end-user sector constraints, suppliers and sellers may not be able to meet consumer demand. Overall, the recovery is difficult for global markets.

Latest Trends

"Rising Adoption and Technological Advances to Drive Growth "

As aluminum is much lighter than steel and also has many advantages, such as durability compared to other materials, car manufacturers are increasingly using aluminum in the production of iron and steel components and the use of injection machines. Aluminum is strongly preferred to win the raw material segment of the market. In addition, the industry is driven by the rising cost of fossil fuels and the spread of electric vehicles. In addition, strict environmental regulations and cafeteria requirements have been established to encourage the use of the injection molding process and related machinery in various areas.

Aluminum Die Casting Machinery Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Light (Below 4000kN), Middle (4000kN～10,000kN), and Heavy (Above 10,000kN). The Light (Below 4000kN) segment is projected to hold the maximum market share through 2032.

• By Application Analysis

Based on application, the market can be divided into Home Appliance, Medical Instrument, 3C Industries, and Others. The home appliance segment dominates the market share globally.

Driving Factors

"Rising Demand in Automotive Industry to Create Robust Growth Opportunities "

Car manufacturers are under pressure from regulators to improve vehicle efficiency and reduce the environmental impact of greenhouse gases. Aluminum is considered a sustainable natural resource because it helps reduce carbon dioxide (CO2). This will prevent approximately 70 million tons of carbon dioxide from being released into the atmosphere. Using 100 kg of aluminum in vehicles can save 6 liters of fuel per year. Engine blocks, suspension arms, bodies, pistons, heat shields, upholstery, and heat exchangers are just a few applications of aluminum casting in the automotive market. The versatile applications of aluminum significantly reduce vehicle weight. As a result, the share of automotive applications in the aluminum injection molding market is expected to grow during the forecast period. Technological advancements in the industry are increasing the need for automotive components.

"Increasing Demand Across Europe to Augment Market Growth "

In Europe, manufacturers must pay an additional emission fee for the additional CO2 emissions of their fleet. The aim of the fines is to reduce the increasing amount of CO2 emissions. In the European automotive industry, the focus on lightweight materials is expected to increase the growth of the aluminum market in the coming years. Strong automotive industry in countries such as Germany, Italy, and France is likely to contribute to significant demand for aluminum extrusion castings during the forecast period.

Restraining Factors

"High Capital Costs Could Slow Down Market Growth"

Heavy industry, which produces modest to large and heavy products, massive machine tools, and other heavy equipment, comprises the aluminum die market. The sector also requires a lot of space. Heavy industry is considered capital-intensive for these reasons. In addition, professional workers are required to deliver, which increases the overall cost of aluminum castings. Continuous technological development in the production of high-quality products requires significant investments in research and development (R&D). Another constraint in the aluminum die market is the need for skilled workers to operate modern machines, especially in developing and underdeveloped economies.

Aluminum Die Casting Machinery Market Regional Insights

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"Asia Pacific to Dominate Owing to Rising Industrial Development "

Asia Pacific is the largest aluminum die market. The growth of the regional market can be attributed to growing economies such as China, India and South Korea, as spending  in the manufacturing and end-use industries increases by Developing manufacturing sector and increased investments are expected to boost the growth of aluminum casting market in various sectors.

Asia Pacific dominates the global renewable energy installations, so the energy industry has a significant position in the Asia Pacific aluminum casting market. However, Pandemic will have short-term effects on industry, such as a decrease in global energy consumption. In the long term, the rise in the energy industry in the region is likely to benefit the demand for aluminum smelting during the forecast period.

Europe is expected to be the second largest aluminum die market. The European Union's focus on reducing CO2 emissions by introducing Euro 6d emission regulations in 2020 has created significant growth potential for lightweight materials. Fuel efficiency and CO2 emissions are directly related to weight.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Buhler
• Toshiba
• Dynacast
• Frech
• Idra Group
• HMT Machine Tools Limited
• ItalPresse
• Japan Steel Works (JSW)
• UBE
• Toyo Machinery & Metal

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.