AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Foundry equipment market - Global outlook to 2025". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Foundry equipment market.
The Foundry processes, such as Ferrous Foundries, is boosting the Foundry equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Distribution Channel, such as Online, is boosting the Foundry equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Foundry equipment market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Growing Disposable Income in Developing Countries is Resulting in a Demand for Automobiles and Growing Industrialization across the Globe. †
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.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the 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), by Application (Automotive, Machinery, Power Generation and Electricity, Aerospace, Shipbuilding and Industrial Applications) and major geographies with country level break-up that includes 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). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market