Foundry tools are a set of equipment, such as shovels, trowels, rammers, riddles, and others. Foundry tools are used in foundries for basic operations, such as mixing and molding sand, smoothening surfaces, and others. The global casting production surged in 2015 when compared with the figures in 2014. However, a decline in the number of foundries was observed, indicating the consolidation of foundry businesses across the world.
Technavio’s analysts forecast the global foundry tools market to grow at a CAGR of 0.68% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global foundry tools market for 2017-2021. To calculate the market size, the report considers cover shovels, trowels, riddles, slick tools, and rammers.
The market is divided into the following segments based on geography:
Technavio’s report, Global Foundry Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Read more: Global Foundry Tools Market 2017-2021
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