Ferrous Metal Casting Machinery Market in North America 2018-2022

Overview of the Ferrous Metal Casting Machinery Market in North America

The demand for automatic defect recognition (ADR) in x-ray applications in the metal casting industries has been increasing in the recent years. Technological advancements in tubes and software with improved algorithms in the x-ray technology is also supporting the growth in the industry. An ADR system is provided with parameters by a quality engineer and is programmed to accept or reject decision in the production process. Additionally, these systems can document results independently, without any human involvement. The use of digital imaging technology in production process has increased the overall casting process efficiency. Thus, this helps in deciding the quality of the final part produced. Hence, the usage of automatic defect recognition in x-ray applications is positively impacting the growth of the metal casting machinery market.

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Companies covered

The ferrous metal casting machinery market is fragmented since the market has a number of companies who offer products in various technologies such as HPDC, LPDC, and GDC. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this ferrous metal casting machines industry analysis report will aid clients identify new growth opportunities and design new growth strategies.  

The report offers a complete analysis of a number of companies including:

• Buhler
• Norican Group
• TOSHIBA MACHINE
• TOYO MACHINERY & METAL
• Vulcan Engineering

North American ferrous metal casting machinery market growth based on regions

• US
• Canada
• Mexico

With a complete study of the growth opportunities for the companies across regions such as the US, Canada, and Mexico, our industry research analysts have estimated that countries in the US will contribute to the maximum growth of this market throughout the predicted period. Extensive demand for metal casting machines from end-user industries in the country is the main reason for the domination by this region.

North American ferrous metal casting machinery market growth based on end-user segments

• Automotive
• Off-highway equipment
• Industrial machinery

According to our market research experts, the automotive will account for the maximum growth of the market. Additionally, the report also provides an accurate prediction of the contribution of the various emd-user segments to the growth of the metal casting machines market size.

Key highlights of the ferrous metal casting machinery market in North America for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the ferrous metal casting machinery market in North America during the next five years
• Precise estimation of the global ferrous metal casting machinery market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the ferrous metal casting machinery industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of ferrous metal casting machine manufacturers

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global ferrous metal casting machinery market and its stakeholders over the forecast years.

Technavio’s market analysts have also considered how the performance of other related markets in the vertical will impact the size of this market till 2022. Some of the markets most likely to influence the growth of the ferrous metal casting machinery market over the coming years are the metal casting market and the metal casting robots market.

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