Aluminum Die Casting Machinery Market - Trends, and Forecast, 2019 - 2027
Technology
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
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- 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.