The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global foundries market is expected to grow from $174.07 billion in 2022 to $188.51 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The foundries market is expected to grow to $250.01 billion in 2027 at a CAGR of 7.3%.

The market for foundries is expected to rise due to consistent economic growth in many developed and emerging countries.

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Major Market Players in the foundries market include Ryobi Limited, Aludyne Inc., Kobe Steel Ltd., Georg Fischer AG, Grupo Industrial Saltillo S.A.B. de C.V, Neenah Enterprises Inc., Vesuvius plc.

Automated manufacturing systems are becoming more popular as they increase industrial productivity while decreasing operational expenses. Automation systems are machines, tools, or technologies like robotics and artificial intelligence (AI) that help to eliminate human interaction and increase safety in metal production operations including processing, assembling, and material handling. This enables metal manufacturing organisations to increase efficiency and productivity, improve manufacturing floor safety, improve product quality, perform complicated and varied operations, improve process stability, provide product flexibility, and remove regular manual chores. ABB Limited, a Swiss industrial technology business, for example, will launch a smart factory solution in November 2021. The new system is noteworthy for its sophisticated real-time ladle tracking, as well as automated crane scheduling, a predictive thermal modelling engine, and other capabilities. The tracking engine monitors the movement of ladles utilising cranes and transfer carriages in real time. Radar and laser positioning technologies provide more precise vision than radio-frequency identification (RFID) solutions while requiring less hardware and maintenance. The automated crane scheduling process includes job forecasting, route planning, and automatic job acknowledgment.

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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, Other Applications
• 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 is the largest region in the global foundaries market in 2021.

The Foundries Global Market Report 2023  provides an overview of the foundries market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The foundries market forecast analyzes foundries market size, foundries market share, leading competitor and their market positions.

Foundries are a type of plant where machine parts are manufactured by melting metal and pouring it into containers with specific shapes to produce castings by pouring molten metal into moulds used in the production of various types of metallic products to ease metal manufacturing, reduce operational costs, and produce high strength products.

The Table Of Content For The Foundries Market Include:
1. Foundries Market Executive Summary
2. Foundries Market Segments
3. Foundries Market Size And Foundries Market Growth Rate
4. Key Foundries Market Trends
5. Major Foundries Market Drivers
……
25. Key Mergers And Acquisitions In The Foundries Market
26. Top Foundries Companies
27. Foundries Market Opportunities And Strategies
28. Foundries Market, Conclusions And Recommendations
29. Appendix

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