LONDON--(BUSINESS WIRE)--The global aluminum die casting machinery market is expected to grow by USD 1.21 billion as per Technavio. This marks a market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%.
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Read the 127-page report with TOC on "Aluminum Die Casting Machinery Market Analysis Report by Product (HPDC, LPDC, and Others), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2020-2024".
The market is driven by the rising focus on industrial automation across the world. In addition, the increasing demand for lightweight metal components in end-user industries is anticipated to boost the growth of the aluminum die casting machinery market.
The growing focus on reducing manual labor and boosting productivity has increased the adoption of automation technologies among industries. Also, despite the economic slowdown in the US, China, and Europe, the demand for industrial automation in these countries increased in 2019. This is leading to the development of high-tech equipment with superior functionalities. Aluminum die casting machinery is widely used in the manufacture of such hi-tech equipment. Therefore, the rising focus on industrial automation is expected to drive the growth of the global aluminum die casting machinery market during the forecast period.
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Major Five Aluminum Die Casting Machinery Companies:
Buhler Group operates its business through segments such as Grains & Food, Advanced Materials, and Consumer Foods. The company offers aluminum die casting machinery for the automotive industry.
Endurance Technologies Ltd.
Endurance Technologies Ltd. operates its business through segments such as Raw and machined aluminium castings, Suspension products, Transmission products, Braking systems, and After-market. The company produces aluminum die casting machinery for the automotive industry.
Form Technologies operates its business through segments such as DYNACAST, SIGNICAST, and OPTIMIM. The company offers aluminum die casting machinery solutions.
HMT Machine Tools Ltd.
HMT Machine Tools Ltd. operates its business through segments such as Food Processing Unit, Machine Tools, Projects, and Others. The company offers aluminum die casting machinery solutions.
L.K. Technology Holdings Ltd.
L.K. Technology Holdings Ltd. operates its business through segments such as Die-casting machine, Plastic injection moulding machine, and Computerised numerical controlled machining centre. The company offers aluminum die casting machinery for the automotive industry.
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Aluminum Die Casting Machinery Market Product Outlook (Revenue, USD Billion, 2020-2024)
Aluminum Die Casting Machinery Market Geography Outlook (Revenue, USD Billion, 2020-2024)
- North America
- South America
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