Category

Global Foundry Market Size, Share, Opportunities, And Trends By Product (Ferrous, Non-Ferrous), By Application (Electronics, Automotive, Construction, Industrial Machinery), And By Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061610443 | Pages:  114

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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