The market is driven by the increasing production of light vehicles. In addition, the increased demand for commercial aircraft is anticipated to boost the growth of the foundry equipment market.
The demand for light vehicles is expected to rise across the world. This increase in demand for light vehicles can be attributed to its benefits such as environmental compatibility, and safe transportation. China currently dominates the global light vehicles production market. The growth in the production of light vehicles will generate the demand for new cast metal parts which will replace old metal casting products and provide more energy efficient metal casting solutions. This will drive the demand for associated foundry equipment that will produce the cast parts required to manufacture light vehicles. Thus, the increase in production of light vehicles will drive the foundry equipment market growth during the forecast period.
Major Five Foundry Equipment Companies:
Baoding Well Foundry Machinery Co. Ltd.
Baoding Well Foundry Machinery Co. Ltd. offers various foundry equipment under categories such as, complete self-setting sand reclamation equipment, self-setting sand mixing equipment, automatic clay sand molding line, pouring machine for molding line, etc for several industrial applications. The company’s key offerings include complete self-setting sand reclamation equipment, self-setting sand mixing equipment, and self-setting sand molding line and ancillary equipment.
Bühler AG has business operations under two segments, namely grains & food, and advanced materials. The company offers tailored and automation solutions of die-casting, with integrated control systems.
Read more: Global Foundry Equipment Market 2020-2024
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