According to Technavio, the foundry equipment market size is expected to value at USD 6.24 bn during 2021-2025. The market sizing analysis in the report reveals that the market growth will progressing at a CAGR of over 4%. The report offers exclusive detailed COVID-19 impact study, which majorly highlights  vendor performance and new business opportunities during and post pandemic period.

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Foundry Equipment Market Trends & Drivers

The foundry equipment market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as rising global industrial automation, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.  

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The foundry equipment market has also explored key trends such as simulation-based castings, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.

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Foundry Equipment Market: Segmentation Analysis

This market research report segments the foundry equipment market by Application (Metal casting and Metal heat treatment) and Geography (APAC, North America, Europe, South America, and MEA).

The APAC region led the foundry equipment market in 2021, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as .

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A few of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario