Technavio has been monitoring the foundry equipment market and it is poised to grow by USD 12.37 billion 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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200814005019/en/
Technavio has announced its latest market research report titled Global Foundry Equipment Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of about 7%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
An increase in the production of light vehicles is one of the key factors driving the market growth.
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.
Which region is expected to hold the highest market share?
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 6.93%.
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.
Foundry Equipment Market 2020-2024: Segmentation
Foundry Equipment Market is segmented as below:
Metal Heat Treatment
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40995
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. Our foundry equipment market report covers the following areas:
Foundry Equipment Market size
Foundry Equipment Market trends
Foundry Equipment Market analysis
This study identifies increased demand for commercial aircraft as one of the prime reasons driving the foundry equipment market growth during the next few years.
Foundry Equipment Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the foundry equipment market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the foundry equipment market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
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:
Value chain analysis
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 Segmentation by Application
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
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
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 positioning of vendors
Baoding Well Foundry Machinery Co. Ltd.
KÜNKEL WAGNER Germany GmbH
MESH Automation, Inc.
Toshiba Machine Co. Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200814005019/en/