What is Foundry MachineryMarket?
Foundry machinery are used in foundries and metal casting facilities to execute different functions and requirements. Foundry machinery are designed to carry out different tasks more efficiently, reduce the number of workers required for a specific job, and to increase the performance and profits of foundries. Some of the advantages of using sophisticated foundry equipment in foundries lies in their flexibility such as their usefulness to perform a variety of other tasks and functions. These machinery can be readily modified and configured to react to unpredictable needs and facilitate a practical way to accomplish different tasks and activities.
Foundry Machinery Market Report Coverage
Report Coverage | Details |
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Study Timeframe | 2018 to 2030 |
Base Year | 2023 |
Forecast Period 2023 to 2030 CAGR | 3.4% |
Growth Drivers | - Increasing Production of Light Vehicles Worldwide
- High Growth of Construction Industry
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Challenges & Pitfalls | - High Cost of Foundry Machinery
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Opportunities
Rising Initiatives by Industry Associations
Restraints
- Lessening Demand for Conventional Steel Castings from Automotive Industry
The Manufacturers Covered in the Study are:
Baoding Well Foundry Machinery Co. Ltd. (China), DISA (Denmark), Künkel Wagner (Germany), Loramendi (Spain), Nabertherm (Germany), Sintokogio (Japan), Inductotherm Group (United States), Toshiba (Japan), UBE Machinery (United States) and Yizumi (China)
Regulatory Framework:
Basic standards of foundry machinery - Terminology on foundry machinery, including terminology on moulding machinery, core making and machinery, die-casting machinery and shot blasting machinery.
Available Customization:
A list of players that can be included in the study on an immediate basis are Lauds Foundry Equipment GmbH (Germany) and Baroda Machinery Manufacturers Pvt. Ltd. (India).
Market Development Activities
In April 2021, MAHINDRA Group, specializing in the mobility sector and enjoying an excellent reputation based on advanced technology, is one of the largest and most important manufacturers in the automotive and farm equipment sector, both in India and internationally.
In January 2024, Nabertherm GmbH launched a new line of energy-efficient induction melting furnaces. Improved insulation, optimized coil design, and intelligent control systems contribute to the energy efficiency.