LONDON--(BUSINESS WIRE)--The foundry equipment market is poised to grow by USD 12.37 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Foundry Equipment Market Analysis Report by Application (metal casting, and metal heat treatment), and Geographic Landscape (APAC, North America, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024".
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The market is driven by the increasing production of light vehicles. In addition, the increased demand for commercial aircraft is anticipated to boost the growth of the foundry equipment market.
The demand for light vehicles is expected to rise across the world. This increase in demand for light vehicles can be attributed to its benefits such as environmental compatibility, and safe transportation. China currently dominates the global light vehicles production market. The growth in the production of light vehicles will generate the demand for new cast metal parts which will replace old metal casting products and provide more energy efficient metal casting solutions. This will drive the demand for associated foundry equipment that will produce the cast parts required to manufacture light vehicles. Thus, the increase in production of light vehicles will drive the foundry equipment market growth during the forecast period.
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Major Five Foundry Equipment Companies:
Baoding Well Foundry Machinery Co. Ltd.
Baoding Well Foundry Machinery Co. Ltd. offers various foundry equipment under categories such as, complete self-setting sand reclamation equipment, self-setting sand mixing equipment, automatic clay sand molding line, pouring machine for molding line, etc for several industrial applications. The company's key offerings include complete self-setting sand reclamation equipment, self-setting sand mixing equipment, and self-setting sand molding line and ancillary equipment.
Bühler AG
Bühler AG has business operations under two segments, namely grains & food, and advanced materials. The company offers tailored and automation solutions of die-casting, with integrated control systems.
Hitachi Ltd.
Hitachi Ltd. operates its business through various segments, such as social infrastructure & industrial systems, information and telecommunication systems, high functional materials & components, construction machinery, and others. The company's key offerings include Hitachi Vacuum Die-Casting-V (HIVAC-V), and High-Toughness Ductile Cast Iron (HNM Series).
KÜNKEL WAGNER Germany GmbH
KÜNKEL WAGNER Germany GmbH has business operations under two segments, namely products and services. The company's key offerings include moulding plants, sand preparation, and pouring machines.
Loramendi S.Coop.
Loramendi S.Coop. operates its business under two segments, comprising of products and services. The company's key offerings in the foundry equipment include SLC, SVA, key core, and sand installations.
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Foundry Equipment Application Outlook (Revenue, USD bn, 2020-2024)
- Metal casting - size and forecast 2019-2024
- Metal heat treatment - size and forecast 2019-2024
Foundry Equipment Geographic Landscape Outlook (Revenue, USD bn, 2020-2024)
- APAC - size and forecast 2019-2024
- North America - size and forecast 2019-2024
- Europe - size and forecast 2019-2024
- South America - size and forecast 2019-2024
- MEA - size and forecast 2019-2024
- Key leading countries
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