The Global Foundries Market Report by The Business Research Company Covers Foundries Market Drivers And Restraints, Foundries Market Size, Major Players, And The Impact Of COVID-19 On The Foundries Market.

The foundries market consists of sales of moulded castings by entities (organizations, sole traders and partnerships) that produce castings by pouring molten metal into moulds. Foundries include iron foundries, steel investment foundries, steel foundries, non-ferrous metal die casting foundries, aluminium foundries and other non-ferrous metal foundries.

The foundries market growth is aided by stable economic growth forecasted in many developed and developing countries. The global foundries market is expected to grow from $178.64 billion in 2020 to $198.35 billion in 2021 at a compound annual growth rate (CAGR) of 11%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $242.9 billion in 2025 at a CAGR of 5%.

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Some foundries market trends include automated manufacturing systems. They are gaining popularity as they enhance manufacturing productivity and reduce operating costs. Automation systems refers to a machine, tool or technology such as robotic and AI technology that helps to reduce human intervention and improve safety in the metal manufacturing processes such as processing, assembling, material handling.

Global foundries market segments include:

1) By Type: Ferrous Metal Foundries, Nonferrous Metal Foundries.

2) By Application: Automobile, Pipes & Fittings, Agricultural Machinery, Electrical Equipment, Machine Tools, Others.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Among these regions, Asia Pacific is the largest region in the global foundries market, accounting for 54% of the market.

Read More On The Foundries Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
https://www.thebusinessresearchcompany.com/report/foundries-global-market-report-2020-30-covid-19-impact-and-recovery

The Foundries Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides foundries market overviews, analyses and forecasts market size, share, foundries market players, foundries market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The foundries market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Foundries Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Alcoa, Bharat Forge, Hitachi Metals, Precision Castparts, AMCOL Metal casting.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Foundries Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Foundries Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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