Die Casting Machines Market Size, Share, Growth and Analysis -…
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PORTLAND, OR, USA, Jan. 19, 2022 /EINPresswire.com/ — Asia Pacific is expected to be the top contributor to the global die casting machine market, followed by Europe and North America . By type, hot chamber die casting machine segment accounted for the highest market share in 2018 and gravity die casting machine is expected to witness significant growth during the forecast period, owing to its installation in the automotive industry.
According to a new report published by Allied Market Research, titled “Die Casting Machinery Market by Type, Material, and End User: Global Opportunity Analysis and Industry Forecast 2019-2026,” the global die casting machine market size Die Casting was valued at $3,633.6 million in 2018 and is projected to reach $4,978.7 million by 2026, registering a CAGR of 3.9% from 2019 to 2026.
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In terms of end-user, the transportation segment got the highest die casting machinery market share in 2018, and the mechanical and manufacturing equipment segment is expected to grow at a CAGR of 4.6%. during the forecast period due to technical innovations, and increase with emphasis on construction and other industrial sectors, which are expected to provide lucrative growth opportunities for major market players in developing economies.
Factors such as the growth of the light-duty vehicle market and the increase in the adoption of high-pressure die-casting (HPDC), owing to advancements in technology, are fueling the growth of the die-casting machine market. Additionally, many automotive component manufacturers use aluminum die casting machines to manufacture lightweight aluminum castings, which are used in automotive assembly. This growing trend of producing light metals in the automotive industry, coupled with the growing sales of automobiles, is driving the demand for die casting machines.
Main market players:
Agrati – AEE Srl
Oskar Frech GmbH + Co. KG
Toshiba Machine Co.,Ltd
Toyo Machinery & Metal Co., Ltd.
Zitai Precision Machinery Co., Ltd.
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Main benefits for stakeholders:
The report provides an in-depth analysis of current and emerging Die Casting Machinery market trends and dynamics.
In-depth analysis of the Die Casting Machines market is performed by constructing estimates for key segments between 2018 and 2026.
An in-depth analysis of the Die Casting Machines market share is carried out by tracking key product positioning and monitoring major competitors within the scope of the market.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
Global die casting machine market forecast analysis from 2018 to 2026 is included in the report.
Key market players operating in the market are profiled in this report and their strategies are thoroughly analyzed which helps in understanding the competitive outlook of the Die Casting Machinery industry.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
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