Foundry Equipment Market (Type - Automation, Mold, Core & Sand, Cleaning & Finishing, Melting, Pouring & Heat Treatment Equipment, Testing & Inspection, and Maintenance; Applications - Automotive, Machinery, Power Generation and Electricity, Aerospace, Shipbuilding, and Other Industrial Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : August, 2019

  • Rep Id : IA0047

  • Category : Industry Automation

  • Status : Published

A recent report published by Infinium Global Research on the foundry equipment market provides an 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.

 

Market Insight

Foundry equipment includes tools, machines, and devices that are used in foundries. There is a different type of foundry equipment as cleaning and finishing equipment, mold, core & sand, melting, pouring & heat treatment equipment, used for different purposes. A variety of foundry equipment is available in the market which is used in applications, such as mold, automation, core and sand-making, laboratory, safety, and environmental conservation purposes, cleaning and finishing, testing and inspection. These equipment are readily modified and configured in response to varying needs and facilitate a practical way to accomplish different tasks and activities.

 

The growing disposable income in developing countries is resulting in a demand for automobiles. Since automobiles are the major utilizer of metal castings, they are expected to drive the growth of the market. Further, the growing industrialization and increasing requirement of the different types of metal for commercial and domestic purposes is helping to grow the demand for the foundry equipment market around the world. Additionally, numerous countries are increasing their investments in the foundry industry. This is propelling the demand for the growth of the foundry equipment market. However, slow down the consumption of metal products by industries and retail consumers is affecting the growth of this market. Moreover, in the automotive industry, trends of light-weighting and higher flexibility in robotics & machine tools provide a growth opportunity for the foundry equipment market.

 

North America is holding the largest share of the foundry equipment market, owing to the presence of a number of major market players, which constantly supports the growth of other industries in this region. The Asia-Pacific foundry equipment market is expected to grow with a healthy CAGR during the forecast period, owing to the growing industrialization in this region. Further, the demand growth for foundry equipment is large in Asian countries. These countries are fast in establishing various metal casting factories to meet the rising demand.

 

Segment Covered

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.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Nabertherm GmbH, K√úNKEL WAGNER Germany GmbH, Norican Group, BAODING WELL FOUNDRY MACHINERY CO., LTD, SINTOKOGIO, LTD., and other companies.

 

Report Highlights:

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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