The report on the “Foundry Equipment Market” covers the current status of the market including Foundry Equipment market size, growth rate, prominent players, and current competitive landscape. It also analyzes future opportunities and forecasts the market assessing the strategies of the key players in terms of merger and acquisitions, R&D investments, technological advancements. The report further provides key recent developments, profiling of key players, and market dynamics. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the Foundry Equipment market.
The global The global Foundry Equipment market size is projected to reach USD 6155.2 million by 2026, from USD 5036.3 million in 2020, at a CAGR of 3.4% during 2021-2026.
Market Overview:
Foundry equipment refers to all machines used in metal casting process which is a shape convertion or manufacturing process to pour a liquid material into a mold containing a hollow cavity of the desired shape, and then allowed to solidify. The solidified part is also known as a casting, which is ejected or broken out of the mold to complete the process.