Foundry Equipment Market by Type (Induction Furnace, Die Casting Machine, Moulding Machine, Coremaking Machine, Shot Blasting Machine, Centrifugal Casting Machine and Others), By Application (Shipbuilding, Automotive, Industrial, Power Generation And Electricity, Machinery, Aerospace and Other Applications)-Global Opportunity Analysis and Industry Forecast, 2020 – 2029

Foundry Equipment Market held USD XXX in 2020 and is to grow with a CAGR of XXX from 2020-2029. Foundry equipment includes instruments, machinery and equipment used in foundries. There is a particular kind of foundry machinery, such as cleaning and finishing machinery for various uses, molding, core & sanding, grinding, pouring & heat processing equipment. The market offers a range of foundry equipment for applications, including mold, automation, core and sand making, laboratory, environmental and safety, cleaning and finishing, testing and inspections, which will boost the foundry equipment market size. These systems are easily adapted and configured to suit different needs and provide a functional way of carrying out various tasks and activities.

Market Dynamics and Factors:

In developing countries, increase in disposable income leads to demand for cars. Because cars are the key users of metal castings, which will fuel the foundry equipment market growth. In addition , the growing industrialization and demand of different metal types for commercial and domestic use is boosting global foundry equipment market size. Most countries are also increasing their investments in the foundry equipment industry. This drives market demand. Nevertheless, the growth of foundry equipment market demand is driven by slower use of metal goods by industries and retail consumers. However, lightweight developments and higher versatility in robotics and machine tools give a growth opportunity for the market in the automotive industry. However, lightweight developments and higher versatility in robotics and machine tools give a growth opportunity for the foundry equipment market in the automotive industry.

Market Segmentation:

Based on type, the foundry equipment industry is segmented into induction furnace, die casting machine, molding machine, core making machine, shot blasting machine, centrifugal casting machine and others. On the basis of application, the foundry equipment industry is classified into shipbuilding, automotive, industrial, power generation and electricity, machinery, aerospace and other applications. Geographic breakdown of foundry equipment industry includes regions comprising North America, Europe, Asia-Pacific, and Rest of the world.

Geographic Analysis:

North America holds the largest foundry equipment market share, which constantly supports the growth of other industries in the region. During the forecast period Asia-Pacific market is expected to rise due to the increasing industrialization of the region. In addition , the foundry equipment  in Asian countries is increasing considerably. These countries are swift to set up various metal casting plants to meet the rising demand and to boost the foundry equipment market. These countries are rigorously active in establishing metal casting factories to meet the rising demand.

Competitive Scenario:

The global foundry equipment market, which is highly competitive, consists of a few major players. In terms of market share, few of the major players currently dominate the global foundry equipment market. The major players of global foundry equipment market include,Loramendi, Norican Group, L.K Group,Laempe, Toshiba, Frech, ABP Induction Systems, Yizumi, RöslerOberflächentechnik, CCMCO, Shandong Kaitai, Pangborn, Suzhou Sanji, Otto Junker, Suzhou Suzhu Foundry Machinery, Toyo Machinery & Metal, Kunkel Wagner, Qingdao Double Star, JFMI, Guannan, CONLY, Qingdao Foundry Machine, Sinto, ABM, among other global players.

Foundry Equipment Market Report Scope