Process automation will boost the Global Aluminium Die Casting Machinery Market until 2020, Says Technavio

According to the latest research report released by Technavio, the global aluminum die casting machinery market is expected to grow steadily at a CAGR of 7% until 2020.

This report titled ‘Global Aluminum Die Casting Machinery Market 2016-2020‘, provides an in-depth analysis of the market in terms of revenue and emerging trends. In order to arrive at the market size, Technavio researchers have considered the demand for aluminum die casting machinery from the various end-user industries in the global aluminum die casting machinery market.

“Global die casting machinery manufacturers are slowly incorporating various simulation-based software solutions in their offerings to cater to the needs of end-user who require cast parts with exact dimensions of size, weight, and shape to be used in the manufacturing process. This encourages die casting machinery manufacturers to adopt simulation-based castings that can create defect-free castings during the manufacturing process,” said Chandrakumar Badala Jaganathan, one of Technavio’s lead industry analysts for metals and minerals.

Some of the other driving forces behind the growth of the global aluminum die casting machinery market are as follows:

• Growing market for lightweight vehicles to reduce CO2 emissions
• Emerging aerospace and defence sector
• Demand from telecom sector fostering demand

Production of lightweight vehicles will therefore create a demand for new aluminum die cast components, thereby increasing the potential demand for aluminum die cast machinery.

In 2016, the global aerospace and defense sector is expected to grow at 3%. Industry revenue is expected to revive due to an increase in defense budgets in major countries like the US, the UK, Japan, France, and several Middle East countries, as well as the growing trend toward passenger air travel.

Aluminum finds use in a broad range of infrastructure and networking equipment in telecom as well as computing industries. Electronic handheld devices, such as smartphones, use aluminum castings, as they shield against EMI/RFI signals and provide rigidity and durability along with significant weight reduction.