Foundry Equipment

Foundry Equipment

Global Foundry Equipment Market to Reach US$35.2 Billion by 2030

The global market for Foundry Equipment estimated at US$29.1 Billion in the year 2023, is expected to reach US$35.2 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2023-2030. Metal Casting Application, one of the segments analyzed in the report, is expected to record a 3.0% CAGR and reach US$23.0 Billion by the end of the analysis period. Growth in the Metal Heat Treatment Application segment is estimated at 2.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.9 Billion While China is Forecast to Grow at 5.5% CAGR

The Foundry Equipment market in the U.S. is estimated at US$7.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.1 Billion by the year 2030 trailing a CAGR of 5.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.8% and 2.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.

Foundry Equipment - Key Trends and Drivers

Foundry equipment plays a crucial role in the manufacturing process of metal casting, where molten metal is poured into molds to create complex shapes and components. This equipment includes a wide range of machines and tools such as furnaces, molding machines, core making machines, sand mixers, and casting machines. Furnaces, which are used to melt metals, come in various types including induction, electric arc, and cupola furnaces, each suited to specific metal types and production needs. Molding machines and core making machines are essential for creating the molds and cores that define the shape of the cast parts. Sand mixers and casting machines ensure that the molds are filled with the correct type of sand or other mold materials and that the molten metal is accurately poured into these molds. Together, this equipment enables foundries to produce high-quality castings for a variety of industries including automotive, aerospace, construction, and heavy machinery.

Technological advancements have significantly enhanced the efficiency, precision, and environmental impact of foundry equipment. Modern foundries increasingly utilize automated and robotic systems to improve productivity and ensure consistent quality in their castings. These systems can handle tasks such as mold handling, pouring, and finishing with greater speed and accuracy than manual methods. Additionally, innovations in computer-aided design (CAD) and simulation software allow for precise control over the casting process, reducing defects and material waste. Environmental considerations have also driven the development of more sustainable foundry practices. Advances in furnace technology, for example, have led to more energy-efficient melting processes, while improved sand reclamation systems enable the reuse of molding materials, reducing the need for new sand and minimizing environmental impact.

The growth in the foundry equipment market is driven by several factors, including the rising demand for cast metal components in various industries, technological innovations, and increasing focus on sustainability. The automotive and aerospace sectors, in particular, are significant consumers of cast metal parts, fueling the need for advanced foundry equipment that can produce high-precision, durable components. Technological innovations, such as automation, robotics, and advanced simulation software, are making foundry operations more efficient and cost-effective, encouraging investment in new equipment. Additionally, the growing emphasis on sustainability and environmental regulations is pushing foundries to adopt cleaner and more energy-efficient technologies. These trends, combined with the global expansion of industrial activities and infrastructure development, are expected to drive significant growth in the foundry equipment market in the coming years.

Select Competitors (Total 52 Featured) -

• ABP Induction Systems GmbH
• Baoding Well Foundry Machinery Co., Ltd.
• Bühler Group
• Foshan Nanhai Qicha Liancheng Metal Equipments Co., Ltd.
• Inductotherm Corp.
• Kelsons Engineers and Fabricators
• KÜNKEL WAGNER Germany GmbH
• L.K. Machinery International Limited
• Loramendi S.Coop
• Oskar Frech GmbH + Co. KG
• Pangborn LLC
• Sintokogio Ltd.
• Suzhou Suzhu Complete Equipment Manufacturing Co., Ltd.
• Wheelabrator
• Yizumi Holdings Co., Ltd.;

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