This market research report includes a detailed segmentation of the global foundry equipment market by applications (metal casting and metal heat treatment). It outlines the market shares for key regions such as the APAC, Americas, Europe and ROW. The top vendors analyzed in this report are Baoding Well, DISA, Kunkel Wagner, Loramendi, Nabertherm and Sintokogio.
Technavio’s market research analysts estimate the global foundry equipment market, to grow at a CAGR of 6% between 2016 and 2020. The growth of foundry equipment market is directly proportional to the development of the automotive industry, as the latter is the biggest end-user industry for cast parts. Growth in automotive sales has boosted the demand for foundry equipment across the world. APAC is the largest region for foundry equipment market due to the growing use of casting and heat treatment processes in the automotive, construction, and industrial machinery manufacturing sectors in the region.
The new market research report from Technavio provides a breakdown and analysis of the foundry equipment segments by technology.
“Advances in heat treatment technology is expected to boost the demand for foundry equipment in the coming years. The low-temperature surface modification process is gaining traction owing to its low distortion rate. Similarly, several technologies like nitriding, sulfo-nitriding, low-temperature vacuum carburizing, and low pressure carburizing are expected to propel the demand for foundry equipment. Moreover, developments in furnace technologies will have a strong effect on the foundry market over the next four years,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
Metal casting is one of the most significant applications of foundry equipment, and is used across various sectors such as automotive, aerospace and defense, shipbuilding, construction, and industrial machinery manufacturing. Several foundry equipment used in the casting application include casting machines, gravity die-casting machines, and mold production tools.
The leading vendors in the global foundry equipment market are Baoding Well, DISA, Kunkel
Wagner, Loramendi, Nabertherm and Sintokogio. This market has several well-established foundry equipment manufacturers, both international and regional. These foundry equipment manufacturers are continuously working on developing and supplying machines that incorporate technology, which can be customized to precision to cater to the different needs of the end-users.
A more detailed analysis is available in the Technavio report, Global Foundry Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Foundry Service Market 2016-2020
- Semiconductor Foundry Service Market in Taiwan 2015-2019
- Global Semiconductor Foundry Market 2015-2019
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