About the Aluminum Die Casting Machinery Market
The aluminum die casting machinery is used to produce cast aluminum parts for applications in various end-user sectors, namely automotive, aerospace and defense, marine, telecommunications, and others, such as electronic appliances and renewable energy sectors. Aluminum cast parts offer several benefits over other types of nonferrous metals:
Technavio Announces the Publication of its Research Report – Global Aluminum Die Casting Machinery Market 2016-2020
Technavio recognizes the following companies as the key players in the global aluminum die casting machinery market: Buhler, Oskar Frech, Italpresse, L. K. Machinery, and Toshiba Machine.
Other Prominent Vendors in the market are: Agrati, Cannon TCS, Colosio, Maicopresse, Weingarten, Toyo, Ube, Yizumi, Birch, BuhlerPrince, HPM, Kurt Die Casting, Kux-Wickes, Lester, Prince, Dynacast, FisherCast, and Techmire.
Commenting on the report, an analyst from Technavio’s team said: “A key trend which will propel market growth is the use of simulation-based castings. Simulation-based casting is used to produce cost-effective, reliable, and high-precision components. Also, simulation-based casting is used to increase casting yield and reduce the shop floor time. By using simulation-based casting, we can predict the defects and their location easily compared to conventional casting, besides being able to analyze and optimize the feed ability of the casting process.”
According to the report, a growth driver is the growing market for lightweight vehicles to reduce CO₂ emissions. Government regulations on vehicle emission standards have encouraged automotive manufacturers globally to shift their focus to the use of lightweight metals for producing parts of an automobile. The overall trend in the automotive industry is to produce complex cast parts that are light in weight and involve a lower production cost. Lightweight vehicles result in lesser fuel consumption, and thus, lower carbon emissions.
Further, the report states that one challenge that could restrict market growth is the fact that application of die-casting is limited to large-scale production volumes.
Buhler, Oskar Frech, Italpresse, L. K. Machinery, Toshiba Machine, Agrati, Cannon TCS, Colosio, Maicopresse, Weingarten, Toyo, Ube, Yizumi, Birch, BuhlerPrince, HPM, Kurt Die Casting, Kux-Wickes, Lester, Prince, Dynacast, FisherCast, Techmire.