Global Foundry Equipment Market, By Product (Die Casting Machine, Centrifugal Casting Machine, Induction Furnace, Moulding Machine, Coremaking Machine, Shot Blasting Machine), End User (Automotive, Aerospace, Machinery, Shipbuilding, Power Generation and Electricity, Other) Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Foundry Equipment Market
Data Bridge Market Research analyses that the foundry equipment market will witness a CAGR of 3.5% for the forecast period of 2021-2028 and is likely to reach at USD 9,876.06 million by 2028.
Foundry equipment refers to a combination of heavy machinery equipment and supplies that are used to work with hot and molten metal and casting them into desired shapes and sizes. Foundry equipment is further used in molding and core making the metals and other such substances with an aim to execute different functions and operations.
The foundry market is expected to expand due to the rising production of lightweight vehicles, intending to increase energy efficiency and tough emission regulations. Furthermore, the rising demand for electric vehicles, increasing per capita income particularly, in emerging economies coupled with rising population has created a demand for automobiles and the high construction industry owed to rapidly increasing construction and infrastructure development are also expected to play a major role in the foundry equipment market growth in the forecast period of 2021 to 2028.
However, the high price of foundry equipment and strict regulations by the government will restrict the growth of the foundry equipment market in the above mentioned forecast period.
The growing investment and demand by the growing population is going to present ample opportunities for foundry equipment market in the above mentioned forecast period.
This foundry equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on foundry equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Foundry Equipment Market Scope and Market Size
The foundry equipment market is segmented on the basis of product, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the foundry equipment market is segmented into die casting machine, centrifugal casting machine, induction furnace, moulding machine, coremaking machine, and shot blasting machine.
- On the basis of end user, the foundry equipment market is segmented into automotive, aerospace, machinery, shipbuilding, power generation and electricity, and others.
Foundry Equipment Market Country Level Analysis
The foundry equipment market is analyzed and market size, volume information is provided by country, product, and end user as referenced above.
The countries covered in the foundry equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North-America dominates the foundry equipment market and will continue to flourish its dominance during the forecast period due to imperative construction equipment. Asia-Pacific will continue to project the highest CAGR for this period owing to the high demand for products and metals produced in the foundry in the automotive sector.
The country section of the foundry equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Foundry Equipment Market Share Analysis
The foundry equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to foundry equipment market.
The major players operating in the foundry equipment market report are Denso Corporation, Hanon Systems, TransAir Manufacturing, Mitsubishi Heavy Industries Ltd., Eberspacher Group, MAHLE GmbH, Valeo SA, Toyota Industries, Delphi PLC, Keihin Corporation, Calsonic Kansei Corporation, SamvardhanaMotherson Group, Subros Limited and SMAC Auto Air among others. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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