About Foundry Equipment
A foundry is a facility where cast metal parts are manufactured. The metal is generally melted in a furnace and then poured into a mold and allowed to solidify in the mold to give the cast part the desired shape. The most commonly processed metals are aluminum and cast iron; other metals, including steel, brass, bronze, zinc, and magnesium are also used in foundries to produce cast parts.
The various processes of a foundry include Melting, Degassing, Mold making, Pouring, Shakeout, Degating, Heat treatment, Surface cleaning and Finishing.
Technavio’s analysts forecast the global foundry equipment market to grow at a CAGR of 5.6% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global foundry equipment market for 2016-2020. The total market value has been calculated based on the revenue generated from the sales of foundry equipment used for metal casting and metal heat treatment applications.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Foundry Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Foundry Equipment Market: Baoding Well, DISA, Kunkel Wagner, Loramendi, Nabertherm and Sintokogio.
Other Prominent Vendors in the market are: Duker, Foundry Automation, Italpresse, Rosler, Shangdong Kaitai and Wuxi Dashan.
Commenting on the report, an analyst from Technavio’s team said: “Established associations related to the foundry industry from across the globe participate in various industrial conferences. These conferences provide industry players the opportunity to exchange ideas as well as network among themselves. Such events also help industry players identify the trends and opportunities available in the market that will have a significant impact in the near future.”
According to the report, the growth in production of light vehicles will create demand for new cast metal parts globally and will lead to the replacement of old metal casting products with more energy efficient metal casting solutions.
Further, the report states that the Chinese government has devised various environmental conservation projects to control air pollution, thus increasing the overall production cost of non-ferrous metal casting for Chinese companies. This will, ultimately, affect the prices of products manufactured by non-ferrous metal casting in the country, thus, negatively affecting the metal casting market, and in turn, the foundry equipment market.
Baoding Well, DISA, Kunkel Wagner, Loramendi, Nabertherm, Sintokogio, Duker, Foundry Automation, Italpresse, Rosler, Shangdong Kaitai, Wuxi Dashan.