PUBLISHER: Grand View Research | PRODUCT CODE: 1574900
PUBLISHER: Grand View Research | PRODUCT CODE: 1574900
The global high-pressure die casting equipment market size was estimated at USD 1.98 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030. The rising demand for high-pressure die casting equipment is largely driven by the automotive, aerospace, and heavy machinery industries' continuous search for lightweight, high-strength components. This method allows for the production of complex metal parts with excellent surface finish and dimensional accuracy, which is essential in these competitive market. High-pressure die casting equipment is becoming increasingly sought after not only for its efficiency and productivity but also for its ability to utilize a wide range of metals, including aluminum, zinc, and magnesium alloys, offering versatility to manufacturers.
Significant investments by leading automotive manufacturers such as General Motors, Ford, and Tesla in developing lightweight and durable components for electric vehicles highlight the critical role of high-pressure die casting equipment. For instance, Tesla's ambitious production of the large-scale aluminum frame for its Model Y using high-pressure die casting is a testament to the technology's impact on manufacturing efficiency and material waste reduction. Moreover, in the aviation sector, companies like Boeing and Airbus are leveraging this technology to fabricate intricate parts for aircraft, ensuring both the resilience and performance of these components while adhering to stringent safety standards. These examples underscore the transformative potential of high-pressure die casting in meeting modern manufacturing challenges across industries.
Global High-pressure Die Casting Equipment Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global high-pressure die casting equipment market report on the basis of machine type, application, category, capacity and region: