Global aluminium die casting machinery market to grow at CAGR 7% during 2016-2020

According to a latest forecast by Market Reports World, the global aluminium die casting machinery market is slated to grow at a CAGR of 7 per cent during the period 2016-2020. The aluminium die casting machinery is used to produce cast aluminium parts for applications in various end-user sectors, namely automotive, aerospace and defence, marine, telecommunications, and others, such as electronic appliances and renewable energy sectors. Aluminium cast parts offer several benefits over other types of nonferrous metals:

• The use of aluminium for die cast makes it possible to attain complex designs and forms
• Production rate is higher and faster than other nonferrous alloys and metals
• Aluminium castings possess the strength of steel cast parts but are lighter in weight

The report identifies the following key vendors of the Aluminium Die Casting Machinery market:

• Buhler
• Oskar Frech
• Italpresse
• K. Machinery
• Toshiba Machine

According to the analysis, factors like growing market for lightweight vehicles to reduce CO2 emissions, emerging aerospace and defence sector, and the rising demand from telecom sector riding on imminent 4G expansion and 5G introduction are expected to drive the growth of the global Aluminium Die Casting Machinery market during the forecast period.

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It is conjectured that simulation-based castings, increased productivity using OEE method, and automation in die casting process are going to be the major trends in the market. The challenges to be faced by the industry players include upcoming, modern alternative casting processes that are gaining momentum, application of die-casting limited to large-scale production volumes, energy-intensive processes being used, and the use of refurbished die casting machines.