Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Machine Type (Cold Chamber Die Casting Machines, Hot Chamber Die Casting Machines), By Industry (Automotive, 3C Industry, Other Industries), By Raw Material (Aluminum, Magnesium, Other Raw Materials) And Competitive Landscape
Product Code: ETC391153 | Publication Date: Aug 2022 | Updated Date: Sep 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Africa Die Casting Machinery Market |
Forecast period | 2024-2030 |
CAGR | 9.8% |
Growing Sector | Automotive |
The Africa Die Casting Machinery market report thoroughly covers the market by machine type, by industry, by raw material and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Die Casting Machinery Market is projected to grow from approximately USD 270 million in 2024 to around USD 400 million by 2030, with a compound annual growth rate (CAGR) of 9.8% during this period. This growth is driven by the increasing demand for lightweight and durable components across various industries, including automotive, aerospace, and consumer goods, where die casting is favored for its efficiency and precision. The rising trend of electric vehicles and advancements in manufacturing technologies further propel market expansion. Additionally, the growth of local manufacturing capabilities and investments in automation are expected to significantly contribute to the growth of the die casting machinery market in Africa through 2030.
The Africa Die Casting Machinery Market is experiencing growth driven by increased industrialization and the demand for high-precision components across various sectors, including automotive, aerospace, and consumer goods. The market is characterized by a rising adoption of die casting technologies due to their ability to produce complex parts with high dimensional accuracy and minimal waste. Key players are focusing on expanding their product offerings and incorporating advanced technologies such as automation and smart manufacturing solutions to cater to the evolving needs of African industries. However, challenges such as high initial investment costs and the need for skilled labor could impact market growth. Overall, the market is expected to grow steadily as industrial activities and infrastructure development continue to expand across the region.
According to 6Wresearch, Africa Die Casting Machinery market size is projected to grow at a CAGR of 9.8% during 2024-2030. The growth of the Africa Die Casting Machinery Market is primarily driven by the rapid industrialization and urbanization across the continent, which boosts demand for high-precision components in industries such as automotive, aerospace, and electronics. The increasing focus on improving manufacturing efficiency and reducing production costs is pushing industries to adopt die casting technologies, which offer superior precision, strength, and reduced material waste. Additionally, the expansion of infrastructure projects and the rise in consumer electronics manufacturing are fueling the need for advanced die casting solutions. Technological advancements, such as the integration of automation and smart technologies, further support market growth by enhancing production capabilities and reducing operational costs.
Government initiatives in Africa are increasingly supporting the growth of the die casting machinery market through various measures aimed at boosting industrial development and technological advancement. Many African governments are implementing policies to enhance manufacturing capabilities, such as offering incentives for investment in advanced manufacturing technologies and infrastructure. Additionally, there are efforts to promote skills development and training programs to address the shortage of skilled labor in the industry. Trade policies and regional economic agreements are also being utilized to facilitate easier access to international markets and technology, encouraging the adoption of modern die casting machinery and fostering a more competitive manufacturing sector across the continent.
Key companies in the Africa Die Casting Machinery Market include both global leaders and regional players who are actively shaping the industry's landscape. Major international companies such as Bühler Group, Dynacast, and Frech Group are prominent for their advanced die casting technologies and extensive experience, offering a range of high-quality machinery and solutions tailored to the African market. Regional companies, including South Africa’s AIDC and Nigeria’s Metal Solutions Ltd., are also making significant contributions by providing localized services and products that cater to the specific needs of African industries. These companies are focusing on innovation, customer support, and expanding their product portfolios to capture a larger share of the growing market.
Future insights into the Africa Die Casting Machinery Market suggest a continued expansion driven by increased industrial activity and technological advancements. As African economies grow and diversify, there will be a rising demand for high-quality, precision-engineered components in sectors such as automotive, aerospace, and electronics. The market is expected to see enhanced adoption of advanced die casting technologies, including automation and smart manufacturing systems, which will improve efficiency and production capabilities. Additionally, ongoing government support and investments in infrastructure and industrial development are likely to create more opportunities for market growth. However, challenges such as high initial investment costs and the need for skilled labor will need to be addressed to fully capitalize on the market potential.
According to Ravi Bhandari, Research Head, 6Wresearch, the Africa Die Casting Machinery Market serves a diverse range of industries, each benefiting from the precision and efficiency of die casting technologies. The automotive industry is a major consumer, relying on die casting to produce complex and high-strength components such as engine parts, transmission housings, and structural elements. The 3C (Computer, Communication, and Consumer Electronics) industry also drives demand, utilizing die casting for intricate and lightweight parts in devices like smartphones, laptops, and home appliances. Beyond these sectors, other industries such as aerospace, industrial machinery, and energy are increasingly adopting die casting for its ability to deliver high-quality, durable parts that meet rigorous performance standards. As industrial activities expand across Africa, the application of die casting technologies is expected to grow across these varied sectors.
Key countries in Africa driving the die casting machinery market include South Africa, Nigeria, Egypt, and Kenya. South Africa stands out as a major industrial hub with a well-established automotive sector and a growing emphasis on advanced manufacturing technologies. Nigeria, with its expanding economy and infrastructure projects, is also a significant player, increasingly investing in modern manufacturing solutions. Egypt is notable for its diverse industrial base and efforts to enhance its manufacturing capabilities, while Kenya is emerging as a regional leader in industrial development, with increasing investments in technology and infrastructure. These countries are pivotal in shaping the market landscape, driving demand for die casting machinery through their robust industrial activities and infrastructure growth.
The Africa Die Casting Machinery market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Die Casting Machinery Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Die Casting Machinery Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Die Casting Machinery Market - Industry Life Cycle |
3.4 Africa Die Casting Machinery Market - Porter's Five Forces |
3.5 Africa Die Casting Machinery Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Die Casting Machinery Market Revenues & Volume Share, By Machine Type, 2020 & 2030F |
3.7 Africa Die Casting Machinery Market Revenues & Volume Share, By Industry, 2020 & 2030F |
3.8 Africa Die Casting Machinery Market Revenues & Volume Share, By Raw Material, 2020 & 2030F |
4 Africa Die Casting Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Die Casting Machinery Market Trends |
6 Africa Die Casting Machinery Market, 2020 - 2030 |
6.1 Africa Die Casting Machinery Market, Revenues & Volume, By Machine Type, 2020 - 2030 |
6.2 Africa Die Casting Machinery Market, Revenues & Volume, By Industry, 2020 - 2030 |
6.3 Africa Die Casting Machinery Market, Revenues & Volume, By Raw Material, 2020 - 2030 |
7 South Africa Die Casting Machinery Market, 2020 - 2030 |
7.1 South Africa Die Casting Machinery Market, Revenues & Volume, By Machine Type, 2020 - 2030 |
7.2 South Africa Die Casting Machinery Market, Revenues & Volume, By Industry, 2020 - 2030 |
7.3 South Africa Die Casting Machinery Market, Revenues & Volume, By Raw Material, 2020 - 2030 |
8 Nigeria Die Casting Machinery Market, 2020 - 2030 |
8.1 Nigeria Die Casting Machinery Market, Revenues & Volume, By Machine Type, 2020 - 2030 |
8.2 Nigeria Die Casting Machinery Market, Revenues & Volume, By Industry, 2020 - 2030 |
8.3 Nigeria Die Casting Machinery Market, Revenues & Volume, By Raw Material, 2020 - 2030 |
9 Kenya Die Casting Machinery Market, 2020 - 2030 |
9.1 Kenya Die Casting Machinery Market, Revenues & Volume, By Machine Type, 2020 - 2030 |
9.2 Kenya Die Casting Machinery Market, Revenues & Volume, By Industry, 2020 - 2030 |
9.3 Kenya Die Casting Machinery Market, Revenues & Volume, By Raw Material, 2020 - 2030 |
10 Rest of Africa Die Casting Machinery Market, 2020 - 2030 |
10.1 Rest of Africa Die Casting Machinery Market, Revenues & Volume, By Machine Type, 2020 - 2030 |
10.2 Rest of Africa Die Casting Machinery Market, Revenues & Volume, By Industry, 2020 - 2030 |
10.3 Rest of Africa Die Casting Machinery Market, Revenues & Volume, By Raw Material, 2020 - 2030 |
11 Africa Die Casting Machinery Market Key Performance Indicators |
12 Africa Die Casting Machinery Market - Opportunity Assessment |
12.1 Africa Die Casting Machinery Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Die Casting Machinery Market Opportunity Assessment, By Machine Type, 2020 & 2030F |
12.3 Africa Die Casting Machinery Market Opportunity Assessment, By Industry, 2020 & 2030F |
12.4 Africa Die Casting Machinery Market Opportunity Assessment, By Raw Material, 2020 & 2030F |
13 Africa Die Casting Machinery Market - Competitive Landscape |
13.1 Africa Die Casting Machinery Market Revenue Share, By Companies, 2023 |
13.2 Africa Die Casting Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |