Global Foundry Equipment Market 2024-2028
The foundry equipment market is forecasted to grow by USD 5587 mn during 2023-2028, accelerating at a CAGR of 3.51% during the forecast period. The report on the foundry equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising industrial automation globally, rising growth of construction industry, and advancement in heat treatment technology.
Technavio's foundry equipment market is segmented as below:
By Application
- Metal casting
- Metal heat treatment
By End-user
- Automotive
- Aerospace
- Machinery
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the emergence of simulation-based castings as one of the prime reasons driving the foundry equipment market growth during the next few years. Also, development of all-in-one 3d printing, casting, and forging technique and growing popularity of the latest casting technologies will lead to sizable demand in the market.
The report on the foundry equipment market covers the following areas:
- Foundry equipment market sizing
- Foundry equipment market forecast
- Foundry equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading foundry equipment market vendors that include Apex Tool Group LLC, Artisan Foundry, Buhler AG, Crowder Supply Co. LLC, Dandong Fuding Engineering Co. Ltd., Freeman Co., GIBA, Hitachi Ltd., Inductotherm Group, Kelsons Engineers and Fabricators, KueNKEL WAGNER Germany GmbH, Laempe Massner Sinto GmbH, Loramendi S.Coop., Madison Industries, McEnglevan Industrial Furnace Co. Inc., MESH Automation Inc., Morgan Advanced Materials Plc, Nabertherm GmbH, Norican Group, and Oskar Frech GmbH Co. KG. Also, the foundry equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.