Foundry Equipment Market Analysis, Size, and Forecast 2025-2029: North America (US and Canada), Europe (France, Germany, Italy, and UK), APAC (China, India, Japan, and Taiwan), and Rest of World (ROW)

Foundry Equipment Market Size 2025-2029

The foundry equipment market size is forecast to increase by USD 5.93 billion, at a CAGR of 3.6% between 2024 and 2029.

• The market is experiencing significant growth due to the global rise in industrial automation. This trend is driving the demand for advanced foundry equipment that can increase production efficiency and reduce labor costs. Another key driver is the emergence of simulation-based castings, which allow for more accurate and cost-effective production processes. However, the market also faces challenges, including the energy-intensive and waste-generating nature of foundry processes. These environmental concerns may lead to increased regulatory scrutiny and the need for more sustainable production methods. The market also faces challenges such as increasing competition from aluminum castings and the need for workforce training to adapt to digital transformation.
• Companies seeking to capitalize on market opportunities should focus on developing innovative solutions that address these challenges while maintaining high production standards. As waste management becomes a priority, companies are investing in sustainable practices to reduce environmental impact. Additionally, collaboration with regulatory bodies and industry associations could help in navigating the evolving regulatory landscape. Overall, the market presents both opportunities and challenges, requiring strategic planning and a focus on sustainability to succeed.

What will be the Size of the Foundry Equipment Market during the forecast period?

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• The market encompasses various processes, including induction melting, lost wax casting, metal 3d printing, and traditional methods like foundry mold release, shell molding, and sand molding. Additive manufacturing, a modern technology, is gaining traction, while refractory and consumables remain essential for optimal foundry performance. CNC machining and laser cutting are integral for precision parts, while vacuum casting and continuous casting cater to mass production.
• As product differentiation becomes crucial, companies are developing unique casting solutions to meet customer preferences across various industries, from automotive technologies to heavy machinery. Foundry testing, cleaning, and inspection ensure product quality, and crucible furnaces and electric arc furnaces facilitate melting processes. Foundry certification, flux, and binder are crucial for regulatory compliance and process efficiency. Overall, the market is dynamic, with ongoing advancements in technology shaping production processes.

How is this Foundry Equipment Industry segmented?

The foundry equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Application
  • Metal casting
  • Metal heat treatment
• End-user
  • Automotive
  • Aerospace
  • Machinery
  • Others
• Type
  • Semi-automated equipment
  • Manual equipment
  • Fully automated equipment
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • APAC
    • China
    • India
    • Japan
    • Taiwan
  • Rest of World (ROW)

By Application Insights

The metal casting segment is estimated to witness significant growth during the forecast period. The market is driven by the increasing demand for metal parts in various industries, including automotive, aerospace and defense, shipbuilding, construction, and industrial machinery manufacturing. Foundry education plays a crucial role in the industry, ensuring the production of high-quality castings through training programs and optimization techniques. Foundry automation and digitalization, including robotics and simulation, enhance the casting process and improve mechanical properties, such as tensile strength and surface finish. Sustainable casting practices, like green casting and emissions reduction, are gaining traction in the market due to growing environmental concerns. Melting furnaces, core design, and core making machines are essential components of the casting process, while sand handling systems ensure efficient production. The market plays a significant role in the manufacturing of auto parts, particularly in the production of engine blocks and cylinder heads.

Quality control measures are critical to maintaining the integrity of castings, and heavy equipment is used for maintenance and process optimization. Metal alloys, including iron, steel, aluminum, and specialized alloys, are used in various casting processes. Centrifugal casting, gravity casting, and die casting are popular techniques for producing metal parts with specific shapes and mechanical properties. Casting defects are minimized through rigorous quality control and process optimization. The energy efficiency of foundry processes is a significant concern for the energy industry, and advancements in this area are driving innovation in the market. Foundry alloys and industrial components are integral to numerous applications, from automotive to heavy machinery, and their properties are continually being optimized to meet evolving industry demands.

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The Metal casting segment was valued at USD 21.07 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC is experiencing significant growth, driven primarily by the expansion of the construction industry. With a growing population and increasing urbanization, there is a rising demand for new residential and commercial infrastructure, leading to increased government spending on infrastructure development. This, in turn, is fueling the need for foundry equipment in the region. The construction sector's growth is not limited to residential and commercial projects. Industrialization is also on the rise, leading to an increase in demand for automobiles and industrial machinery. Foundries play a crucial role in producing metal parts for these industries, necessitating the use of advanced foundry equipment. Moreover, the focus on energy efficiency and emissions reduction in the energy industry is driving the adoption of foundry digitalization, automation, and optimization.

Foundry simulation, casting design, and core design technologies are increasingly being used to improve process efficiency and reduce waste. The foundry industry's shift towards sustainable casting practices is also influencing market trends. Foundries are adopting green casting techniques, such as centrifugal casting and gravity casting, to reduce energy consumption and minimize environmental impact. Furthermore, the development of advanced metal alloys and the increasing use of die casting, investment casting, and sand casting are expanding the scope of applications for foundry equipment. Foundries are also investing in core making machines, molding machines, and mold design technologies to improve casting quality and mechanical properties. The market in APAC is witnessing robust growth, driven by the construction industry's expansion and the increasing demand for industrial components. The adoption of advanced technologies, such as foundry digitalization, automation, and optimization, is further fueling market growth. The focus on sustainability and energy efficiency is also shaping market trends, as foundries seek to reduce their environmental footprint and improve process efficiency.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the Foundry Equipment market drivers leading to the rise in the adoption of Industry?

• Global industrial automation is the primary driving force behind market growth, given its increasing adoption across various industries. The market is experiencing significant growth due to the increasing adoption of automation technologies in foundries. The use of foundry robotics, core making machines, and molding machines is becoming increasingly common to reduce manual labor and enhance productivity. The advancements in casting simulation technology enable manufacturers to optimize casting processes, ensuring improved mechanical properties such as tensile strength and uniformity in steel and aluminum castings. These factors contribute to the growth of the market. Additionally, the focus on foundry safety and the need for precise mold design have further boosted the demand for advanced foundry equipment.

• As a result, the market for foundry equipment is expected to continue its growth trajectory, driven by the increasing manufacturing output in both developed and emerging economies.

What are the Foundry Equipment market trends shaping the Industry?

• The emergence of simulation-based castings is a significant market trend in the manufacturing industry. This innovative approach utilizes digital simulations to optimize the casting process, enhancing efficiency and reducing costs. In the machinery industry, simulation-based casting has emerged as a crucial technology for producing high-quality, reliable, and economical industrial components. This advanced approach to casting enhances product quality by predicting and eliminating internal defects such as porosity, thereby reducing expenses associated with manufacturing and transporting defective castings, as well as associated warranties and penalties. Additionally, yield improvement is achieved through reduced gating and feeder channels per casting, lowering the effective melting cost per casting and increasing overall production capacity. Rapid development is another benefit, enabling a decrease in the number of foundry trials and expediting the development of new castings, minimizing wastage of production resources, and facilitating the acceptance of higher-value orders in the automotive and industrial machinery sectors.

• The foundry alloys market is driven by the growing demand for sustainable casting processes, energy efficiency, and emissions reduction in the energy industry. Advanced casting technologies, such as investment casting, are increasingly being adopted to meet these demands, making the machinery industry a significant consumer of foundry equipment and alloys.

How does Foundry Equipment market faces challenges during its growth?

• The significant challenge facing industry growth is the energy-intensive and waste-generating nature of many processes. These processes, which are essential to various industries, consume large amounts of energy and produce substantial waste, posing sustainability concerns and increasing operational costs. The metal casting industry relies heavily on energy consumption for plant operations and the production of finished metal parts. Natural gas and electricity are the primary energy sources used in metal casting, with the former being widely adopted for metal treatment. The rapid industrialization in developing countries, such as India, which holds a significant position in the global metal castings market, is leading to a significant energy deficit. This energy demand is primarily driven by the melting of metals, but mold-making and core-making also require substantial energy inputs. The increasing adoption of foundry automation and optimization technologies, including green casting methods and advanced sand handling systems, aims to reduce energy consumption and improve overall efficiency in the industry.

• Furthermore, ongoing foundry education and training programs focus on the use of metal alloys and casting design techniques to enhance product quality and reduce energy waste. The implementation of quality control measures and the integration of centrifugal casting processes are additional strategies to minimize energy usage and promote sustainability in metal casting operations.

Exclusive Customer Landscape

The foundry equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the foundry equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, foundry equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Apex Tool Group LLC - The company specializes in providing essential foundry equipment components, including pattern plates, alignment dowels, core vents, and core box seals.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Apex Tool Group LLC
• Artisan Foundry
• Buhler AG
• Crowder Supply Co. LLC
• Dandong Fuding Engineering Co. Ltd.
• Freeman Co.
• GIBA
• Hitachi Ltd.
• Inductotherm Group
• Kelsons Engineers and Fabricators
• KueNKEL WAGNER Germany GmbH
• Laempe Massner Sinto GmbH
• Loramendi S.Coop.
• Madison Industries
• McEnglevan Industrial Furnace Co. Inc.
• MESH Automation Inc.
• Morgan Advanced Materials Plc
• Nabertherm GmbH
• Norican Group
• Oskar Frech GmbH Co. KG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Foundry Equipment Market

• In January 2023, Sandvik AB, a leading global engineering group, announced the launch of its new automated foundry solution, Coromant ChillGrip, designed to improve the casting process efficiency by up to 30% (Sandvik AB Press Release). This technological advancement is expected to revolutionize the foundry industry by reducing energy consumption and increasing productivity.
• In March 2024, ThyssenKrupp AG and Voestalpine AG, two major European steel and technology companies, formed a strategic partnership to jointly develop and produce advanced foundry equipment and technologies (ThyssenKrupp AG Press Release). This collaboration aims to strengthen their market position in the foundry industry and cater to the growing demand for high-performance components in various sectors.

Research Analyst Overview

The market is characterized by continuous evolution and dynamic market activities, driven by advancements in technology and the ever-evolving demands of various sectors. Pattern making and casting processes are at the core of this industry, with ongoing research and development focusing on sustainable casting methods and energy efficiency. Pouring ladles and heat treatment equipment are essential components of the foundry process, with a growing emphasis on reducing emissions and improving energy efficiency. The machinery industry is at the forefront of these advancements, integrating automation and digitalization to optimize processes and enhance productivity. Sustainable casting methods, such as investment casting and gravity casting, are gaining popularity due to their reduced environmental impact.

The Foundry Equipment Market is evolving with advanced technologies improving efficiency and sustainability. Electric arc furnaces and crucible furnaces enable precise melting processes for various metals. Casting techniques like green sand molding, resin sand molding, cold box molding, and hot box molding ensure quality production. Innovations such as waterjet cutting enhance precision, while foundry consumables, foundry refractory, and foundry flux support operational efficiency. The market caters to diverse industries requiring iron casting, aluminum casting, and steel casting, optimizing processes through foundry optimization techniques. As demand rises, manufacturers focus on automation and eco-friendly practices to enhance productivity while reducing environmental impact, driving continued growth in the foundry sector.

Foundry alloys and industrial components are also subject to ongoing research and development, with a focus on improving mechanical properties and energy efficiency. The energy industry is another significant sector for foundry equipment, with a growing demand for high-performance components in power generation and transmission systems. Energy efficiency is a key consideration, with ongoing research focusing on optimizing processes and reducing waste. Process optimization and quality control are critical aspects of the foundry industry, with a focus on improving surface finish and reducing casting defects. Centrifugal casting and die casting are popular methods for producing intricate components with precise dimensions and mechanical properties.

Sand handling systems and mold design are also essential components of the foundry process, with ongoing research focusing on improving efficiency and reducing waste. Foundry simulation and design software are becoming increasingly important tools for optimizing processes and reducing costs. Foundry safety is a top priority, with ongoing efforts to improve working conditions and reduce risks. The ongoing dynamism of the market reflects the evolving needs of various sectors and the continuous advancements in technology.

Dive into Technavio's strong research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Foundry Equipment Market insights. See full methodology.

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What are the Key Data Covered in this Foundry Equipment Market Research and Growth Report?

• CAGR of the Foundry Equipment industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2025 and 2029
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the foundry equipment market growth of industry companies

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