Press release
Global Foundries Market: Impressive Growth driven by Aerospace and Automotive Industries and Key Players' Influence, 2024-2029
Foundries Market Size
What Is The Projected Market Size Of The Global Foundries Market And Its Growth Rate?
The foundries market:
•Grew from $190.81 billion in 2024 to $201.64 billion in 2025 at a CAGR of 5.7%.
•Is predicted to rise to $238.17 billion in 2029 at a CAGR of 4.2%.
Growth trends can be attributed to a variety of factors including transitions to electric vehicles (EVs), advancements in material science, and an increased demand for lightweight materials.
What Is Driving The Growth In The Foundries Market?
The foundries' market surge is bolstered by stable economic growth in both developed and developing countries worldwide. According to the World Bank, China and India are among the countries experiencing a significant increase in GDP, indicating an upwards trend of investments in end-user markets. As such, these developments predict exponential progress in the foundries market for the forecasted period.
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Who Are the Key Players Driving Foundries Market Growth?
•General Foundries Inc.
•Waupaca Foundry Inc.
•Neenah Foundry Company
•Gibbs Die Casting Corporation
•Precision Castparts Corp.
•Hitachi Metals Ltd.
•DONGGUAN ALFA METAL WORKSHOP CO. LTD
•Ryobi Limited
•Grede Foundries Inc.
•Georg Fischer Ltd.
•Alcoa Corporation
•Reliance Foundry Co. Ltd.
•Brukar Inc.
•John Winter & Co Ltd
•Cifunsa Foundry
•MetalTek International
•Bharat Forge Ltd.
•Walbro LLC
•Wescast Industries Inc.
•Nemak S.A.B. de C.V.
•Consolidated Metco Inc.
•Howmet Aerospace Inc.
•Cadillac Casting Inc.
•Harrison Steel Castings Company
•Zollern GmbH & Co. KG
•Brembo S.p.A.
•Eck Industries Inc.
•Hubbardton Forge
What Are The Key Trends In The Foundries Market?
•Implementation of digital twin technology
•Technological advancements in casting processes
•Introduction of advanced casting technologies
•Increasing influence of digitalization and smart foundries
•Growing demand for lightweight materials
What Are The Segments Of The Global Foundries Market?
•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
Which Region Leads The Foundries Market?
Asia-Pacific emerged as the largest region in the foundries market in 2024, closely followed by Western Europe. The regions covered in the foundries market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Foundries Market Global Market Report?
- Market Size Analysis: Analyze the Foundries Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Foundries Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Foundries Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Foundries Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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