LONDON--(BUSINESS WIRE)--Technavio has been monitoring the foundry equipment market and it is poised to grow by USD 12.37 bn during 2020-2024, progressing at a CAGR of about 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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What are the major trends in the market?
Increased demand for commercial aircraft is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 6.93% and the incremental growth of the market is anticipated to be $ 12.37 bn. -
Who are the top players in the market?
Baoding Well Foundry Machinery Co. Ltd., Bühler AG, Hitachi Ltd., KÜNKEL WAGNER Germany GmbH, Loramendi S.Coop., MESH Automation Inc., Nabertherm GmbH, Norican Group, SINTOKOGIO Ltd., and Toshiba Machine Co. Ltd., are some of the major market participants. -
What is the key market driver?
The increase in the production of light vehicles is one of the major factors driving the market. -
How big is the APAC market?
The APAC region will contribute 46% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baoding Well Foundry Machinery Co. Ltd., Bühler AG, Hitachi Ltd., KÜNKEL WAGNER Germany GmbH, Loramendi S.Coop., MESH Automation Inc., Nabertherm GmbH, Norican Group, SINTOKOGIO Ltd., and Toshiba Machine Co. Ltd. are some of the major market participants. The increase in the production of light vehicles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Foundry Equipment Market 2020-2024: Segmentation
Foundry Equipment Market is segmented as below:
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Application
- Metal Casting
- Metal Heat Treatment
-
Geographic Landscape
- APAC
- North America
- Europe
- South America
- MEA
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Foundry Equipment Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The foundry equipment market report covers the following areas:
- Foundry Equipment Market Size
- Foundry Equipment Market Trends
- Foundry Equipment Market Industry Analysis
This study identifies the increased demand for commercial aircraft as one of the prime reasons driving the foundry equipment market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Foundry Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist foundry equipment market growth during the next five years
- Estimation of the foundry equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the foundry equipment market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of foundry equipment market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Metal casting - Market size and forecast 2019-2024
- Metal heat treatment - Market size and forecast 2019-2024
- Market opportunity by Application
- Customer landscape
Overview
- Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Baoding Well Foundry Machinery Co. Ltd.
- Bühler AG
- Hitachi Ltd.
- KÜNKEL WAGNER Germany GmbH
- Loramendi S.Coop.
- MESH Automation, Inc.
- Nabertherm GmbH
- Norican Group
- SINTOKOGIO Ltd.
- Toshiba Machine Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
