Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 552.2 Million | USD 1,901.50 Million | CAGR at 14.85% | 2023 |
According to the report published by Zion Market Research, the global Hot Chamber Die Casting Machine Market size was valued at USD 552.2 Million in 2023 and is predicted to reach USD 1,901.50 Million by the end of 2032. The market is expected to grow with a CAGR of 14.85% during the forecast period. The report analyzes the global Hot Chamber Die Casting Machine Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Hot Chamber Die Casting Machine Market industry.
In order to produce the precisely engineered die cast products with the help of the injection of the molten metal into dies hot chamber die casting machine is used. The molds help in producing complex shapes with an increased degree of consistency, repeatability, and accuracy.
The market player Yizumi has developed the HM Series of the hot chamber die casting machine that has a hydraulic gear type mode which ensures stable clamping, fast adjusting, and high durability. It is equipped with a central automatic lubrication system.
The global market for the hot chamber die casting machine is fragmented into its product type, operation type, and the end-user industry. Based on the type of the product, the global market is segregated into magnesium hot chamber die casting machine, electric hot chamber die casting machine, hybrid hot chamber die casting machine, and zinc hot chamber die casting machine. Based on the type of the operation, the market is categorized into manual, semi-automatic, and fully-automatic. Based on the end-user industry, the market is divided into IT industry, communication sector, consumer electronics, instrumentation, automotive industry, and others.
In order to improve the efficiency of the production, hot chamber die casting machine is used which helps in minimizing the time, cost, and energy required in the procedure; it also helps in achieving accurate detailing of the cast. The hot chamber die casting minimizes the level of porosity and also enables to work at low melting point thus providing the die casting a long span of life, thus its demand is rising in the casting purposes. Owing to all these factors the demand for the hot chamber die casting machine is growing.
Many technological advancements are being made in the hot chamber die casting machines such as addition of the features such as HSS blushing, control system consisting of compact logic PLC, centralized system that requires low maintenance and has longer life, flexible multi short piston, durable clamping unit, strong casting platen, large touch screen, motor driven pump having higher efficiency, and an injecting system that has multiple speed control. Owing to these newly added features, the consumers are changing from the conventional die casting machine to the advanced ones.
Report Attributes | Report Details |
---|---|
Report Name | Hot Chamber Die Casting Machine Market Research Report |
Market Size in 2023 | USD 552.2 Million |
Market Forecast in 2032 | USD 1,901.50 Million |
Growth Rate | CAGR of 14.85% |
Number of Pages | 201 |
Key Companies Covered | Teknomec, Frech, UBE Machinery Inc., Buhler AG, Bezel Impex Private Limited, Jiaxing Xiuzhou Wangdian Dajian Equipment, Suzhou Sanji Die-Casting Automation System Co., Buhler AG, Toshiba Machine Co., Ltd., Toyo Machinery & Metal Co., Ltd. |
Segments Covered | By product type, By operation type, By end-user industry and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
In the recent years, the rate at which industrialization has developed in the regions of Europe and the North America is noteworthy which in turn has increased the demand for the industrial instruments. This factor triggered the growth of the hot chamber die casting machine market. The increasing disposable income of the people and the economic growth of the developing nations such as China and India increased the demand for the automobiles which in turn propelled the growth of the hot chamber die casting machine. The emerging countries in the Middle East and Africa region also have a huge demand for the industrial instruments that are made with the help of hot chamber die casting machine.
The key market players that are involved in the hot chamber die casting machine include:
By product type
By operation type
By end-user industry
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