The global hot chamber die casting machine market size is expected to be valued at USD 65.472 billion in 2023. With the rising growth of end-users, including automotive, coupled with immaculate traits such as low-cost runs and best-in-class finishing, the product is known for expelling casts in the required format from the molten feed. The hot chamber die casting machine sales are projected to grow at a CAGR of 5% between 2023 and 2033, totaling around USD 101.568 billion by 2033.
Hot chamber dies casting machine is attributed with producing best-in-class die casts by immersing these dies in a machine instilled with molds. Under high pressure, these dies take the required shape to expel metallic products with consistency and accuracy of the highest order. Shapes derived from these machines are smooth in texture, with end-to-end accuracy and immaculately done edges.
Hot Chamber Die Casting Machine Industry (From 2018 to 2022)
CAGR | 4.7% |
---|---|
Market Size - 2018 | USD 51.888 billion |
Market Size - 2022 | USD 62.354 billion |
Hot Chamber Die Casting Machine Industry (From 2023 to 2033)
CAGR | 5% |
---|---|
Market Size - 2023 | USD 65.472 billion |
Market Size - 2033 | USD 101.568 billion |
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The global hot chamber die casting machine demand is projected to increase at a CAGR of 5% during the forecast period between 2023 and 2033, reaching a total of USD 1,648.5 Million in 2033. From 2018 to 2022, hot chamber die casting machine sales experienced significant growth, registering a CAGR of 4.7%.
A hot chamber die-casting machine is designed to make intricate parts and trivial metallic objects, from toys to automobiles. Since the molten feed throws up two halves, the actual cast makes an impression by opening the two halves of the die. The final product is shaped after splitting the two halves and removing the cast.
Hot chamber die-casting machine enjoys great freedom in pricing and provides efficiency in a wide range of shapes. Shapes can be easily realized according to demand with dimensional accuracy and stability. The hot chamber die casting machine is embedded with a revolving platen, control system, automatic toggle lubrication system, motor-driven pump, and injection system.
The dyes' end-users include the automotive, aerospace, defense, marine, and others. This creates a thriving hot chamber die casting machine market. The die casting machines are made surfeit used by several industries owing to their benefits such as accurate dimension and smooth and textured surface finish. The complicated parts can be easily manufactured by this machine.
These factors are also boosting the hot chamber die casting machine demand. The process expels lightweight casts from the machine, which is ideal for automobile use. The hot chamber die casting machines have a longer life span and minimum reusable time. Energy savings and efficiency are the hallmarks of the product.
With automobiles encompassing an enviable range of sedans, SUVs, EVs, and driverless cars, die casts are regularly needed to exemplify motion with lightweight parts. These parts normally tend to be light to fuel a constant need for effective alternatives to reduce weight and improve mileage simultaneously.
In the car industry, amicable to changing technological trends, precision die casting with a hot chamber die casting machine is the accepted solution for casting metals into various forms. Die casting has completely revolutionized the world of automobile manufacturing. Die casting has emerged as one of the most popular and widespread methods for producing automobile parts in the last decade.
The automotive industry became a significant user of die-cast parts when the design and engineering sectors focused more on manufacturing lightweight automobiles. One of the essential advantages of die-cast features is that they are more robust, light, and have thinner walls. This is of immense value for the automobile industry since the increasing trend is towards manufacturing lightweight automobiles.
With an exemplary growth curve defined for automotive and self-driving cars and EVs snaking their way into the car industry, the hot chamber die-casting machines occupy the top slot in market growth. The pace of producing automotive parts is unmatched and snappy, with hot chamber die-casting machines propelling the hot chamber die casting machine market growth.
Restraint uses thin-section die castings for many electronic applications, including locks, heat dissipation applications, electronics, exterior and interior trim, mirror holders, and other parts not recognizable as zinc die castings. A new product on the anvil with multi-short pistons and an injection system with multiple speed controls are forcing the product to backtrack, with the new product to feature in growth.
In the automotive sector, zinc die-casting accounts for approximately 25-28% growth. Zinc die casting is most commonly used for manufacturing components in the building and industrial sectors.
Its wide application can be seen in the automotive industry. Since this process offers a precision of nearly 100%, there is no need for any processing after the die-cast. The parts can be used as they are and have a smooth finish. The process is widely adopted for making components in the building and industrial sectors.
Metal has become a decisive one in the automotive industry, especially for products such as pulleys in seat belts, door locks housing maps, retractor gears, etc. Apart from that, zinc is the ideal choice when creating automobile parts with strict tolerances, embossing, or high-quality embellishments.
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Country | Market CAGR (From 2023 to 2033) |
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China | 5.60% |
India | 6.00% |
United Kingdom | 4.00% |
As per Future Market Insights, the North American hot chamber die casting machine market is anticipated to accumulate 14% of the global market revenue in 2023. Wheeling towards automotive, the overwhelming driving force for development in the United States and many other countries requires reduced fuel emissions, consistent with improving fuel economy that must be achieved by 2025.
This ranges from a savings of 280 pounds for small cars up to 750 pounds for large and medium trucks or SUVs. Significant advances have already been made in weight savings because of the use of galvanized advanced high-strength steel in auto bodies, cast aluminum in power trains, and several underbody applications. The aluminum industry has targeted the automotive industry as a major growth sector for the future.
Being one of the most efficient die-casting machines, these can produce large volumes of castings quickly, having extreme preciseness and repeatability, replicating high growth for the hot chamber die casting machine industry in the North American region. The flexibility of casting sizes, product types, and infinite possibilities of shapes make hot chamber die casting machines the preferred process for various industries. Hot chamber die casting machine offers a large number of advantages such as very precise iterations, less porosity, high tolerance power, textured & smooth surfaces, and sharply defined parts.
Europe's hot chamber die casting machines market is expected to accumulate a market share value of 16% in 2023. Industrialization in Europe has increased the demand for industrial instruments in this region, which is estimated to accelerate the hot chamber die casting machine market. Die casting is used to make various cast alloy parts in different shapes and sizes, with many applications.
With automotive growth hugely perceptible in Europe and EVs and self-driving cars such as TESLA gaining ground in a short period, the backdrop in Europe is lined with the development of automotive. Since the parts used are ideally very light in favor of fuel economy, there could be no better instrument of choice to manufacture die-casting parts other than a hot chamber die casting machine, adding to its growth.
Country | Market Share (2023) |
---|---|
United States | 17.60% |
Germany | 7.80% |
Japan | 7.20% |
Australia | 1.00% |
In October 2021, Simhope designed a hot chamber die-casting machine for Zinc alloys. Equipped with comprehensive systems including hydraulic and injection protection, IDS, and more. Presenting three key features: Aesthetics, Safe/Reliable, and Easy Operation and bringing you the high productivity of die casting.
The hot chamber die casting machine market was characterized by fierce and active competition. Due to the competition between several established and up-and-coming businesses for market dominance, innovation, and technological breakthroughs were frequent.
Prominent hot chamber die casting machine manufacturers in the sector concentrated on increasing machine efficiency, lowering manufacturing costs, and enhancing overall product quality to fulfill the rising demand from diverse industries, such as automotive, aerospace, and electronics.
Regional aspects were crucial, with several businesses holding stronger positions in particular geographical areas. Companies were likely to engage in research and development strategic alliances and efficient marketing tactics to remain competitive, meet the varied client wants, and maintain a lead in this quickly changing market.
Vital Hot Chamber Die Casting Machine Manufacturers
Novel Developments
Company | Frech |
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Strategy | Frech W-Series Catering to Specific Customer Needs |
Details | Frech, a leading hot chamber die casting technology manufacturer, offers the W-Series models, which stand for high reliability, exceptional cost-effectiveness, and a pioneering safety design concept. The W-Series is the outpacing result of 70 years of development. In addition to incredible reliability, their machines are characterized by exceptional cost efficiency and a pioneering safety design concept. As a result of extensive customization options, W-Series die-casting machines can be majorly adapted and used according to specific customer requirements. |
Company | Zitai Precision Machinery Co., Ltd. |
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Strategy | Introducing the ZHC-200TPS |
Details | Frech, a leading hot chamber die casting technology manufacturer, offers the W-Series models, which stand for high reliability, exceptional cost-effectiveness, and a pioneering safety design concept. The W-Series is the outpacing result of 70 years of development. In addition to incredible reliability, their machines are characterized by exceptional cost efficiency and a pioneering safety design concept. As a result of extensive customization options, W-Series die-casting machines can be majorly adapted and used according to specific customer requirements. |
The market is valued at USD 65.472 billion in 2023.
The market is estimated to expand at a CAGR of 5% through 2033.
The United States is likely to hold a majority share of the market.
China is predicted to generate a 5.60% growth rate by 2033.
Innovations and growing technologies restrain the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Hybrid 5.2. Magnesium 5.3. Zinc 5.4. Electric 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operation 6.1. Fully-Automatic 6.2. Semi-Automatic 6.3. Manual 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. The Automotive Industry 7.2. The 3Cs Industry 7.3. Instrumentation 7.4. Other End-Use Industries 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Teknomec 18.2. Suzhou Sanji Die-Casting Automation System Co. 18.3. Frech 18.4. Buhler AG 18.5. UBE Machinery Inc. 18.6. Toshiba Machine Co. Ltd 18.7. Toyo Machinery & Metal Co. Ltd 18.8. Bezel Impex Private Limited 18.9. Jiaxing Xiuzhou Wangdian 18.10. Italpresse Gauss 18.11. LK Technology Holdings 19. Assumptions & Acronyms Used 20. Research Methodology
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