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Die-Casting Mold Market Expected To Register A CAGR Of 5.2% From 2015 To 2019

Die casting is a metal casting process that is characterized by forcing molten metal under high pressure into a mold cavity. The mold cavity is created using two hardened tool steel dies which have been machined into shape and work similarly to an injection mold during the process. Most die castings are made from non-ferrous metals, specifically zinc, copper, aluminium, magnesium, lead, pewter and tin-based alloys. Depending on the type of metal being cast, a hot- or cold-chamber machine is used.
The die casting process usually produce parts using primarily non-ferrous metals, such as zinc, copper, aluminum and magnesium. Over the years, many different alloys have been developed to meet certain type of needs and requirements of each application.

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……………………Based on the die casting processes, at present, die-casting mold in the market can be divided into Hot Chamber Die-Casting Mold and Cold Chamber Die-Casting Mold. Among them, Hot Chamber Die-Casting Mold occupies the largest market.
In recent years, with the rapid development of automobiles, motorcycles, household appliances, electronic communications and other industries, especially the automobile industry, is driven by the global die casting industry forward. According to the estimation, the global die-casting mold market is expected to register a CAGR of 5.2% from 2015 to 2019.
In terms of regions, US is the largest market of the global die-casting mold, followed by China. In recent years, due to the rapid development of the automotive industry, China die casting industry is developing rapidly, total output increased significantly. According to the situation, the future development prospects of China’s die casting industry is very broad. At present, Japan’s mold manufacturing technology is still in the leading position in the world. According to Japan’s Ministry of industry statistics, Japan’s mold production factory is about 10000. The United States currently has about 7000 mold companies, more than 90% is small businesses with fewer than 50 people, due to the high development of industrialization, the United States mold industry has become a mature high-tech industry, and at the forefront of the world. In the fierce competition, mold industry in Germany for many years has maintained a strong position in the international market, the export rate has been stable at around 33%.
Global Die-Casting Mold Market Share Analysis, in terms of production, by Geographies, 2019
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Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com