A recent report published by Infinium Global Research on foundry equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional foundry equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional foundry equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global foundry equipment market. According to the report, the global foundry equipment market is projected to grow at a CAGR of 5.7% over the forecast period of 2019-2025.
A foundry is a place or factory location, where metal is cast into different shape and size. The metal is cast into a different shape by transforming its shape into the liquid and pouring it into the mold to solidify the metal. Common metals used for foundry process are aluminum and cast iron. Other used metals for the foundry are Zinc, Bronze, Steel, Magnesium, and Brass. Different types of foundry equipment are used in the foundry factory to get the desired objects. There is a different type of equipment as cleaning and finishing equipment, mold, core & sand, melting, pouring & heat treatment equipment, used for different purposes.
The growing industrialization and increasing requirement of the different type of metal for commercial and the domestic purpose is helping to grow the demand of the foundry equipment around the world. Further, the growing focus of the developing and underdeveloped countries to provide basic infrastructure to support the development of the core and allied industries are boosting the growth of this market. However, the lack of fund for the development of industrial activities and slow consumption of the metal products by industries and retail consumers is restricting the growth of this market. Moreover, the growing demand for employment creation in the developing countries, and requirement to improve the living standard of the common masses are expected to provide a great opportunity for the growth of this market.
Geographically, the foundry equipment market is segmented into four regions, namely, North America, Europe, the Asia-Pacific, and the RoW. North America is the largest player of the foundry equipment market, owing to the presence of a large number of foundry industry, which constantly supports the growth of other industry in this region. The Asia-Pacific foundry equipment market is expected to grow at the highest CAGR during the forecast period, owing to the increasing industrialization in this region.
The report on global foundry equipment market covers segments such as type, and applications. On the basis of type, the sub-markets include automation, mold, core & sand, cleaning & finishing, melting, pouring & heat treatment equipment, testing & inspection, and maintenance. On the basis of applications, the sub-markets include automotive, machinery, power generation and electricity, aerospace, shipbuilding, and other industrial applications.
The report provides profiles of the companies in the market such as Nabertherm GmbH, KÜNKEL WAGNER Germany GmbH, Norican Group, BAODING WELL FOUNDRY MACHINERY CO., LTD, SINTOKOGIO, LTD., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of foundry equipment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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