Global Foundry Market is expected to grow at a compound annual growth rate of 3.45% over the period 2016 to 2021. Stringent environmental regulations to reduce pollution is one of the key drivers of global foundry market as metal casting manufacturers are being forced to adopt technologies that reduce emissions. Growing production of lightweight vehicles due to increasing requirements for energy efficiency and stricter emission regulations is also fuelling the demand for foundries across the globe. Foundry products are also used in plumbing fixtures, airplanes, and as metal pieces in various kinds of equipment, thereby propelling the growth of global foundry market in the next five years.
Globally, a strong increase in the demand for mechanical engineering products is expected to bolster the growth of global foundry market during the forecast period. Geographically, APAC holds the largest market share and will continue its dominance during the forecast period owing to booming automotive industry and industrial sector. However, restraints such as high cost, consolidating customer base, and increased energy requirements for the production of metal castings will hinder the growth of this market during the forecast period.
Research Methodology
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Market Dynamics
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of the foundry. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Segmentation
Thirdly, Global Foundry market has been segmented by product, application, and geography as follows:
By Product
Ferrous
Non-Ferrous
By Application
Electronics
Automotive
Construction
Industrial Machinery
By Geography
Americas
North America
South America
Europe Middle East and Africa
Europe
Middle East and Africa
Asia Pacific
Market Players
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Georg Fischer, Alcoa, Schuler Group, and Hitachi Metals among others.
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