Foundry Tools Market size is estimated to be USD 5.1 Billion in 2024 and is expected to reach USD 8.2 Billion by 2033 at a CAGR of 6.7% from 2026 to 2033.
The global foundry tools market was valued at approximately USD 20.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. The markets growth is driven by the increasing demand for high quality castings across automotive, aerospace, and industrial sectors. Rising investments in advanced manufacturing technologies and automation are also contributing to the market’s expansion. The markets largest share is held by the Asia Pacific region, accounting for over 40% of the total market value, mainly driven by manufacturing hubs in China, India, and Japan. North America and Europe follow closely, holding substantial shares due to their well established industrial sectors and growing demand for precision tools and castings. The growing adoption of eco friendly casting processes and energy efficient tools is expected to bolster the market during the forecast period, with environmental concerns playing a key role in market expansion.
Regionally, the market exhibits significant opportunities in emerging economies where the adoption of foundry tools is steadily increasing due to rapid industrialization. The Asia Pacific region, which is projected to grow at a robust CAGR of 5.2% during the forecast period, is expected to continue leading the market due to increased automotive production and infrastructure development. Europe and North America are witnessing steady growth, driven by technological advancements and the need for high precision casting in industries like aerospace and automotive. Latin America and the Middle East are also expected to present promising opportunities as industrial sectors in these regions expand. With a focus on automation and sustainable solutions, the foundry tools market is likely to see a rise in demand from both developed and developing regions.
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Morgan Advanced Materials
Artisan Foundry Shop
Freeman Manufacturing
MIFCO-McEnglevan Industrial Furnace Company
Crowder Supply
GIBA
Holmatro
Apex Tool Group
U.S. Air Tool
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Foundry Tools Market
Metal Casting Tools
Molding Tools
Core Making Tools
Melting and Pouring Tools
Finishing Tools
Quality Control Tools
Aluminum
Iron
Steel
Non-Ferrous Metals
Alloys
Aerospace
Automotive
Construction
Electronics
Machinery and Equipment
Shipbuilding
Sand Casting
Investment Casting
Die Casting
Shell Molding
Continuous Casting
Small Enterprises
Medium-Sized Enterprises
Large Enterprises
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Foundry Tools Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Foundry Tools Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Foundry Tools Market, By Type
6. Global Foundry Tools Market, By Application
7. Global Foundry Tools Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Foundry Tools Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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