Learn about the global foundries market through The Business Research Company, which provides information on foundries market size, foundries market drivers and restraints, foundries market players, the COVID-19 impact on the foundries market, and more.

The global foundries market size is expected to grow from $156.72 billion in 2021 to $168.59 billion in 2022 at a compound annual growth rate (CAGR) of 7.6%. The foundry market is expected to grow to $216.0 billion in 2026 at a CAGR of 6.4%.

The foundries market growth is aided by stable economic growth forecasted in many developed and developing countries.

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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.

Global Foundries Market Segments Include:
By Type: Ferrous Metal Foundries, Nonferrous Metal Foundries

By Foundry Type: Pure Play Foundry, Integrated Device Manufacturers

By Application: Automobile, Pipes and Fittings, Agricultural Machinery, Electrical Equipment, Machine Tools, Others

Subsegments Covered: Iron Foundries, Steel Foundries, Nonferrous Metal Die-Casting Foundries, Aluminum Foundries (except Die-Casting), Other Nonferrous Metal Foundries (except Die-Casting)

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 was the largest region in the foundries market in 2021.

Automated manufacturing systems are gaining popularity as they enhance manufacturing productivity and reduce operating costs. Automation systems refer 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. This allows metal manufacturing companies to increase efficiency and production, improve safety on the manufacturing floor, enhance product quality, perform complex and varied tasks, enhance process stability, provide flexibility to produce products and eliminate routine manual tasks.

TBRC’s foundries market report covers:

Major Market Players: Ryobi Limited, Aludyne Inc, Kobe Steel Ltd, Georg Fischer AG, Grupo Industrial Saltillo S.A.B. de C.V, Neenah Enterprises Inc, Vesuvius plc, Anhui Yingliu Electromechanical Co. Ltd., Allegheny Technologies Incorporated, and Doosan Heavy Industries & Construction Co. Ltd.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Foundries Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides foundries market overviews, analyzes and forecasts market size, share, foundries market players, foundries market segments and geographies, leading competitor revenues, profiles and market shares.

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

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