Foundry Service Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,500	210 Pages	Coherent Market Insights	December, 2023	CMI18533495

Best Price Guarantee
Price	from $4,500
Length	210 Pages
Publisher	Coherent Market Insights
Published Date	December, 2023
SKU	CMI18533495

Foundry Service Market, By Material Type (Ferrous Metals, Non-Ferrous Metals, Others), By Process Type (Sand Casting, Investment Casting, Die Casting, Permanent Mold Casting, Centrifugal Casting, Others), By End-Use Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Machinery and Equipment, Construction, Energy and Power, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

The foundry service market refers to the manufacturing industry that produces metal castings from various ferrous and non-ferrous materials. Foundries are involved in activities such as melting, alloying, casting, and heat treatment as contracted by original equipment manufacturers, primarily in the automotive, industrial machinery, and construction sectors. Over time, foundries have embraced innovative digital technologies such as 3D printing, 3D scanning, and AI-enabled metal analysis tools to enhance product quality and reduce lead times. With the increasing use of lightweight metals and composites in next-gen industrial equipment and electric vehicles, the demand for high-quality and application-specific metal castings is expected to drive growth opportunities for players in the foundry service market.

Market Dynamics:

The foundry service market is expected to witness steady growth over the forecast period, driven by factors such as rising demand from the automotive industry for lightweight aluminum and magnesium parts enabling fuel efficiency, growing infrastructure development boosting construction equipment manufacturing, and stringent emission norms driving demand for electric vehicle components. However, the availability of cost-competitive substitutes such as composites and plastics along with market saturation in developed economies are expected to impede the growth trajectory. The incorporation of technologies such as 3D printing, AI, AR/VR, and big data analytics by foundries presents an opportunity to achieve precision casting, reduce scrap, and optimize production processes. Emerging trends such as modular foundry setups for on-demand applications and smart factories also present new opportunities over the coming years.

Key features of the study:

This report provides an in-depth analysis of the global foundry service market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global foundry service market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Alcast Company, Pace Industries, Hitachi Metals, Dynacast, Grede Holdings LLC, Reliance Foundry Co. Ltd., Bharat Forge Limited
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global foundry service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global foundry service market

Detailed Segmentation:

Foundry Service Market, By Material Type:
Ferrous Metals (e.g., iron, steel)
Non-Ferrous Metals (e.g., aluminum, copper, brass)
Foundry Service Market, By Process Type::
Sand Casting
Investment Casting
Die Casting
Permanent Mold Casting
Centrifugal Casting
Others (e.g., Shell Molding, Lost Foam Casting)
Foundry Service Market, By End-Use Industry :
Automotive
Aerospace and Defense
Electrical and Electronics
Machinery and Equipment
Construction
Energy and Power
Others
Foundry Service Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles:
Nemak
Waupaca Foundry, Inc.
Hitachi Metals, Ltd.
Bharat Forge Limited
Alcoa Corporation
Thyssenkrupp AG
General Motors Company
Castings PLC
Metal Technologies, Inc.
AAM Casting
Grede Holdings LLC
CIE Automotive
Precision Castparts Corp.
Reliance Foundry Co. Ltd.

1. Research Objectives and Assumptions: Research Objectives; Assumptions; Abbreviations
2. Market Purview: Report Description; Market Definition and Scope; Executive Summary; Foundry Service Market, By Material Type; Foundry Service Market, By Process Type; Foundry Service Market, By End-Use Industry; Foundry Service Market, By Region; Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis: Market Dynamics; Drivers; Increasing Demand for Metal Castings; Industrialization and Infrastructure Development; Growth in Automotive and Aerospace Sectors; Globalization and International Trade; Restraints; Volatility in Raw Material Prices; Environmental Regulations; Skills Gap and Labor Shortage; Opportunities; Emerging Markets; Sustainable Practices; Diversification of Product Portfolio; Research and Development; Impact Analysis; Key Highlights; Regulatory Scenario; Product launch/Approvals; PEST Analysis; PORTER’s Analysis; Merger and Acquisition Scenario
4. Foundry Service Market – Impact of Coronavirus (COVID-19) Pandemic: COVID-19 Epidemiology; Supply Side and Demand Side Analysis; Economic Impact
5. Foundry Service Market, By Material Type, 2017-2030, (US$ Bn): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018 – 2030; Segment Trends; Ferrous Metals (e.g., iron, steel); Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Non-Ferrous Metals (e.g., aluminium, copper, brass); Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Others (e.g., alloys, composites); Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
6. Foundry Service Market, By Process Type, 2017-2030, (US$ Bn): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018 – 2030; Segment Trends; Sand Casting; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Investment Casting; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Die Casting; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Permanent Mold Casting; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Centrifugal Casting; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Others (e.g., Shell Molding, Lost Foam Casting); Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
7. Foundry Service Market, By End-Use Industry, 2017-2030, (US$ Bn): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018 – 2030; Segment Trends; Automotive; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Aerospace and Defense; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Electrical and Electronics; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Machinery and Equipment; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Construction; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Energy and Power; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn); Others; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
8. Foundry Service Market, By Region, 2017-2030, (US$ Bn): Introduction; Market Share Analysis, By Country, 2023 and 2030 (%); Y-o-Y Growth Analysis, For Country 2018 –2030; Country Trends; North America; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Process Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2017-2030, (US$ Bn); Market Share Analysis, By Country, 2017 and 2030(%); U.S.; Canada; Europe; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Process Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2017-2030, (US$ Bn); Market Share Analysis, By Country, 2017 and 2030(%); Germany; U.K.; France; Italy; Spain; Russia; Rest of Europe; Asia Pacific; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Process Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2017-2030, (US$ Bn); Market Share Analysis, By Country, 2017 and 2030(%); China; India; Japan; Australia; South Korea; ASEAN; Rest Of Asia Pacific; Latin America; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Process Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2017-2030, (US$ Bn); Market Share Analysis, By Country, 2017 and 2030(%); Brazil; Mexico; Rest Of Latin America; Middle East & Africa; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Process Type, 2017-2030, (US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2017-2030, (US$ Bn); Market Share Analysis, By Country, 2017 and 2030(%); South Africa; GCC Countries; Rest of the Middle East and Africa
9. Competitive Landscape: Nemak; Company Highlights; Product Portfolio; Key Developments; Financial Performance; Strategies; Waupaca Foundry, Inc; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Hitachi Metals, Ltd.; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Bharat Forge Limited; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Alcoa Corporation; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Thyssenkrupp AG; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; General Motors Company; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Castings PLC; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Metal Technologies, Inc; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; AAM Casting; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Grede Holdings LLC; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; CIE Automotive; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Precision Castparts Corp; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Reliance Foundry Co. Ltd.; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Analyst Views
10. Section: Research Methodology; About us; *Browse 24 market data tables and 28 figures on "Foundry Service Market” - Global forecast to 2030