About Foundry equipment
Foundry equipment includes all the types of machines that are used in the process of the metal casting process. This process includes liquefying of molds and then converting them into solid parts. Thus these solidified part is also known as a casting, which is ejected or broken out of the mold to complete the process. Different types of foundry equipment are available in the market that is used in applications, such as mold, automation, core and sand-making, cleaning and finishing, testing, inspection and many more. The equipment is readily modified and configured with respect to varying needs and facilitate a practical way to accomplish different tasks and activities. Hence deriving the market growth in upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape for optical level sensors is diverse and evolving. Companies that adapt to emerging trends, invest in innovation, and cater to specific industry needs are well-positioned to thrive in this growing market. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Foundry equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Baoding Well (China), DISA (India), Kunkel (Germany), Loramendi (Spain), Nabertherm (Germany), Norican Group (Denmark), EMI Equipment Manufacturers International, Inc (United States), SINTOKOGIO, LTD (Japan) and OMEGA SINTO FOUNDRY MACHINERY LTD (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are J. K. Foundry Engineers (India), OM Technologies (India) and Vijay Engineers and Fabricators (India).
Segmentation Overview
AMA Research has segmented the market of Global Foundry equipment market by Type (Automation, Mold, Core & Sand, Cleaning & finishing, Melting, Pouring & Heat Treatment Equipment, Testing & Inspection, Maintenance and Software and Management Tool), Application (Automotive, Machinery, Power Generation and Electricity, Aerospace, Shipbuilding and Industrial Applications) and Region.
On the basis of geography, the market of Foundry equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Foundry processes, the sub-segment i.e. Ferrous Foundries will boost the Foundry equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Foundry equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trends of Light-Weighting and Higher Flexibility in Robotics & Machine Tools and Growing Initiatives by Industry Associations
Market Growth Drivers:
Growing Disposable Income in Developing Countries is Resulting in a Demand for Automobiles and Growing Industrialization across the Globe
Challenges:
Energy-Intensive and Waste-Generating Processes
Restraints:
Slow Down the Consumption of Metal Products by Industries and Retail Consumers is Affecting the Growth of this Market
Opportunities:
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 and Numerous Countries are Increasing their Investments in the foundry industry
Market Leaders and their expansionary development strategies
In August 2023, Palantir Technologies Inc. and WesTrac Pty Ltd, announced a multi-year enterprise expansion of their partnership, which first began in 2021, to deploy Foundry across core operations. The expanded partnership will initially focus on deploying Foundry across WesTrac's Component Rebuild Centres and to Inventory Management teams, to drive greater overall efficiency and customer delivery for WesTrac.
In August 2023, Monotype has launched the Foundry Program dedicated to empowering and scaling independent type foundries and type designers around the world. Over 1,000 foundries and type designers have signed up to the Foundry Program pre-launch.
Key Target Audience
Foundry equipment Manufactures, Foundry equipment Distributors, Potential Investors, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.