Market Forecast by Countries (United States, Canada), 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: ETC405597 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Die Casting Machinery Market |
Forecast period | 2024-2030 |
CAGR | 7% |
Growing Sector | Automotive |
The North America Die Casting Machinery Market report thoroughly covers the market by Countries, Raw Material, Machine Type, and Industry The market report provides an unbiased and detailed analysis of the ongoing 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 North American die casting machinery market is expected to experience a significant growth rate from 2024-2030, driven by factors such as the strong presence of key players, the developed manufacturing sector and rising demand for lightweight vehicles. This region has a high potential for growth due to increasing investments in infrastructure development and technological advancements.
According to 6Wresearch, the North America Die Casting Machinery Market size is expected to grow at a significant CAGR of 7% during 2024-2030. The key drivers of this growth include the growing automotive industry, which demands high-quality and lightweight components for vehicles, as well as the increasing use of aluminium and magnesium alloys in various industries. Additionally, the rising demand for energy-efficient products and eco-friendly manufacturing processes has also contributed to the growth of the die casting machinery market. With increasing emphasis on sustainability, manufacturers are investing in advanced die casting technologies that not only reduce energy consumption but also minimize waste production.
One of the major challenges is the high initial investment required for setting up a die casting facility. This is a barrier for small and medium enterprises looking to enter the market. Moreover, the shortage of skilled labour to operate and maintain these complex machines is another hurdle that industry players face.
The die casting machinery market in North America is highly competitive, with the presence of several major players. Some of the leading companies operating in this region include Bühler Group, Toshiba Machine Co., Ltd., and Italpresse Gauss. These players offer a wide range of die casting solutions, including high-pressure die casting machines, low-pressure die casting machines, and gravity die casting machines. Bühler Group has a significant presence in the region and provides advanced die casting technology for various industries such as automotive, aerospace, and consumer goods. Toshiba Machine Co., Ltd., a Japanese multinational company, also has a strong market share in North America with its advanced die casting machines. Italpresse Gauss, an Italian company, is known for its innovative die casting solutions and has a significant customer base in the region.
The die casting machinery industry in North America is subject to various government initiatives aimed at promoting energy efficiency and environmental sustainability. The Environmental Protection Agency (EPA) in the United States has implemented regulations such as the Energy Star program, which encourages the use of energy-efficient equipment and appliances. In addition, there are federal regulations regarding emissions from manufacturing processes, including die casting. The Canadian government has also introduced programs and incentives to encourage companies to invest in energy-efficient and environmentally friendly equipment. These initiatives have led to an increase in the adoption of advanced and eco-friendly die casting machinery in the region.
The North America Die Casting Machinery Market is expected to witness significant growth in the coming years. This can be attributed to factors such as technological advancements, increasing demand for lightweight components in industries like automotive and aerospace, and rising investments in energy-efficient solutions by manufacturers. The market is also seeing a shift towards automation and digitalization, with companies investing in smart manufacturing technologies. The demand for die casted parts from the growing construction and infrastructure sectors is also expected to contribute to the market's growth. Furthermore, government initiatives promoting sustainability and energy efficiency are likely to drive the adoption of advanced die casting machinery in North America.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States holds the largest share of the market, driven by robust demand from various industries and technological advancements in die casting machinery
The cold chamber die casting machines are expected to have a higher growth rate. This can be attributed to advantages such as better control over metal flow and lower melting point requirements for raw materials.
The 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 North America Die Casting Machinery Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Die Casting Machinery Market Revenues & Volume, 2020 & 2030F |
3.3 North America Die Casting Machinery Market - Industry Life Cycle |
3.4 North America Die Casting Machinery Market - Porter's Five Forces |
3.5 North America Die Casting Machinery Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Die Casting Machinery Market Revenues & Volume Share, By Machine Type, 2020 & 2030F |
3.7 North America Die Casting Machinery Market Revenues & Volume Share, By Industry, 2020 & 2030F |
3.8 North America Die Casting Machinery Market Revenues & Volume Share, By Raw Material, 2020 & 2030F |
4 North America Die Casting Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Die Casting Machinery Market Trends |
6 North America Die Casting Machinery Market, 2020 - 2030 |
6.1 North America Die Casting Machinery Market, Revenues & Volume, By Machine Type, 2020 - 2030 |
6.2 North America Die Casting Machinery Market, Revenues & Volume, By Industry, 2020 - 2030 |
6.3 North America Die Casting Machinery Market, Revenues & Volume, By Raw Material, 2020 - 2030 |
7 United States Die Casting Machinery Market, 2020 - 2030 |
7.1 United States Die Casting Machinery Market, Revenues & Volume, By Machine Type, 2020 - 2030 |
7.2 United States Die Casting Machinery Market, Revenues & Volume, By Industry, 2020 - 2030 |
7.3 United States Die Casting Machinery Market, Revenues & Volume, By Raw Material, 2020 - 2030 |
8 Canada Die Casting Machinery Market, 2020 - 2030 |
8.1 Canada Die Casting Machinery Market, Revenues & Volume, By Machine Type, 2020 - 2030 |
8.2 Canada Die Casting Machinery Market, Revenues & Volume, By Industry, 2020 - 2030 |
8.3 Canada Die Casting Machinery Market, Revenues & Volume, By Raw Material, 2020 - 2030 |
9 North America Die Casting Machinery Market Key Performance Indicators |
10 North America Die Casting Machinery Market - Opportunity Assessment |
10.1 North America Die Casting Machinery Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Die Casting Machinery Market Opportunity Assessment, By Machine Type, 2020 & 2030F |
10.3 North America Die Casting Machinery Market Opportunity Assessment, By Industry, 2020 & 2030F |
10.4 North America Die Casting Machinery Market Opportunity Assessment, By Raw Material, 2020 & 2030F |
11 North America Die Casting Machinery Market - Competitive Landscape |
11.1 North America Die Casting Machinery Market Revenue Share, By Companies, 2023 |
11.2 North America Die Casting Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |