New report published by QY Research which offers insights on the Global Die Casting Machine market. The Die Casting Machine market has been experiencing stable growth graph in past few years. In 2017 the Global Die Casting Machine market was valued at US$ 1.91 Bn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 2.85 Bn growing at a value CAGR of 6.91% throughout the period of forecast.
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Global Die Casting Machine Market: Market Driver and Restraint
Threat of substitution is one factor of the porter’s five forces. As the development of Die Casting Machine made by new techniques, the function of there are specific, safe and also all-round. Automotive, low cost, reliable operation, robust, high operating efficiency and suitable operating will be Die Casting Machine industry development driver. If manufacturers can truly consider the diversity and design of new technology, we believe that the Die Casting Machine manufacturers will get a big market share.
Global Die Casting Machine Market: Forecast by Nature
Die casting is a manufacturing process for producing accurately dimensioned, sharply defined, smooth or textured-surface metal parts. It is accomplished by forcing molten metal under high pressure into reusable metal dies. The process is often described as the shortest distance between raw material and finished product.
This segment includes Hot Chamber Die Casting Machines Picture and Cold Chamber Die Casting Machines. Cold Chamber Die Casting Machines Picture is expected to remain dominant in the Global Die Casting Machine market throughout the forecast period with a revenue share of 55.01% in 2023.
Global Die Casting Machine Market: Forecast by Application
Application segment consists of Automobile Industry, Instruments, 3C Industry and others. Automobile Industry was estimated to account for a volume share of over 63.28% in 2023 and to increase at a CAGR of 8.83% over the forecast period.
Global Die Casting Machine Market: Key Players
Buhler, Toshiba Machine, Frech, UBE Machinery, Italpresse, Toyo Machinery & Metal, Colosio Srl, Birch Machinery Company, Zitai Machines, L.K. Group, Yizumi Group, Guannan Die Casting Machine, Suzhou Sanji, Wuxi Xinjiasheng, Huachen and Ningbo Dongfang, are the key vendors included in this report.
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