The global market for Foundry Equipment is estimated at US$29.1 Billion in 2023 and is projected to reach US$35.2 Billion by 2030, growing at a CAGR of 2.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the foundry equipment market is driven by several factors, including the rising demand for cast metal components in various industries, technological innovations, and increasing focus on sustainability. The automotive and aerospace sectors, in particular, are significant consumers of cast metal parts, fueling the need for advanced foundry equipment that can produce high-precision, durable components. Technological innovations, such as automation, robotics, and advanced simulation software, are making foundry operations more efficient and cost-effective, encouraging investment in new equipment. Additionally, the growing emphasis on sustainability and environmental regulations is pushing foundries to adopt cleaner and more energy-efficient technologies. These trends, combined with the global expansion of industrial activities and infrastructure development, are expected to drive significant growth in the foundry equipment market in the coming years.
The growth in the foundry equipment market is driven by several factors, including the rising demand for cast metal components in various industries, technological innovations, and increasing focus on sustainability. The automotive and aerospace sectors, in particular, are significant consumers of cast metal parts, fueling the need for advanced foundry equipment that can produce high-precision, durable components. Technological innovations, such as automation, robotics, and advanced simulation software, are making foundry operations more efficient and cost-effective, encouraging investment in new equipment. Additionally, the growing emphasis on sustainability and environmental regulations is pushing foundries to adopt cleaner and more energy-efficient technologies. These trends, combined with the global expansion of industrial activities and infrastructure development, are expected to drive significant growth in the foundry equipment market in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Metal Casting Application segment, which is expected to reach US$23.0 Billion by 2030 with a CAGR of a 3.0%. The Metal Heat Treatment Application segment is also set to grow at 2.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $7.9 Billion in 2023, and China, forecasted to grow at an impressive 5.5% CAGR to reach $7.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Foundry Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Foundry Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Foundry Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABP Induction Systems GmbH, Baoding Well Foundry Machinery Co., Ltd., Bühler Group, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 52 Featured):
- ABP Induction Systems GmbH
- Baoding Well Foundry Machinery Co., Ltd.
- Bühler Group
- Foshan Nanhai Qicha Liancheng Metal Equipments Co., Ltd.
- Inductotherm Corp.
- Kelsons Engineers and Fabricators
- KÜNKEL WAGNER Germany GmbH
- L.K. Machinery International Limited
- Loramendi S.Coop
- Oskar Frech GmbH + Co. KG
- Pangborn LLC
- Sintokogio Ltd.
- Suzhou Suzhu Complete Equipment Manufacturing Co., Ltd.
- Wheelabrator
- Yizumi Holdings Co., Ltd.;
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABP Induction Systems GmbH
- Baoding Well Foundry Machinery Co., Ltd.
- Bühler Group
- Foshan Nanhai Qicha Liancheng Metal Equipments Co., Ltd.
- Inductotherm Corp.
- Kelsons Engineers and Fabricators
- KÜNKEL WAGNER Germany GmbH
- L.K. Machinery International Limited
- Loramendi S.Coop
- Oskar Frech GmbH + Co. KG
- Pangborn LLC
- Sintokogio Ltd.
- Suzhou Suzhu Complete Equipment Manufacturing Co., Ltd.
- Wheelabrator
- Yizumi Holdings Co., Ltd.;
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 289 |
Published | October 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 29.1 Billion |
Forecasted Market Value ( USD | $ 35.2 Billion |
Compound Annual Growth Rate | 2.8% |
Regions Covered | Global |