A key trend which will propel market growth is the use of simulation-based castings. Simulation-based casting is used to produce cost-effective, reliable, and high-precision components. Also, simulation-based casting is used to increase casting yield and reduce the shop floor time. By using simulation-based casting, we can predict the defects and their location easily compared to conventional casting, besides being able to analyze and optimize the feed ability of the casting process.
Complete aluminum die casting machinery market report is available at http://www.rnrmarketresearch.com/global-aluminium-die-casting-machinery-market-2016-2020-market-report.html .
According to the report, a growth driver is the growing market for lightweight vehicles to reduce CO2 emissions. Government regulations on vehicle emission standards have encouraged automotive manufacturers globally to shift their focus to the use of lightweight metals for producing parts of an automobile. The overall trend in the automotive industry is to produce complex cast parts that are light in weight and involve a lower production cost. Lightweight vehicles result in lesser fuel consumption, and thus, lower carbon emissions.
The aluminum die casting machinery is used to produce cast aluminum parts for applications in various end-user sectors, namely automotive, aerospace and defense, marine, telecommunications, and others, such as electronic appliances and renewable energy sectors. Aluminum cast parts offer several benefits over other types of nonferrous metals:
The use of aluminum for die cast makes it possible to attain complex designs and forms
Production rate is higher and faster than other nonferrous alloys and metals
Aluminum castings possess the strength of steel cast parts but are lighter in weight
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The report, Global Aluminum Die Casting Machinery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the global aluminum die casting machinery market for 2016-2020. To arrive at the market size, we have taken into consideration the following:
The aluminum casting production
The number of nonferrous casting facilities in key countries in all the geographic regions considered in this report; these countries in each region account for nearly 90% of the respective regional markets in terms of aluminum die casting production
Assumption that there is 75% capacity utilization in the casting facilities
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key players in the global aluminum die casting machinery market: Buhler, Oskar Frech, Italpresse, L. K. Machinery, and Toshiba Machine. Other Prominent Vendors in the market are: Agrati, Cannon TCS, Colosio, Maicopresse, Weingarten, Toyo, Ube, Yizumi, Birch, BuhlerPrince, HPM, Kurt Die Casting, Kux-Wickes, Lester, Prince, Dynacast, FisherCast, and Techmire.
Further, the report states that one challenge that could restrict market growth is the fact that application of die-casting is limited to large-scale production volumes.
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