The global Foundry Tools market was valued at 5048.95 Million USD in 2021 and will grow with a CAGR of 3.31% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Foundry tools are a set of equipment, such as shovels, trowels, rammers, and others. Foundry tools are used in foundries for basic operations, such as mixing and molding sand, smoothening surfaces, and others.In terms of geographic regions, APAC will be the major revenue contributor to the foundry tools market throughout the forecast period. The growing automotive production market in the region drives the steady growth of the casting industry, particularly in countries such as China, India, Thailand, and Indonesia. The growth of the automotive industty will to continue over the forecast period, which will further increase the demand for castings and foundry tools in this region.

By Market Verdors:

Morgan Advanced Materials

Artisan Foundry Shop

Freeman Manufacturing

MIFCO-McEnglevan Industrial Furnace Company

Crowder Supply

GIBA

Holmatro

Apex Tool Group

U.S. Air Tool

By Types:

Shovels

Trowels

Rammers

By Applications:

Automotive

Machinery & Equipment

Aerospace & Defense

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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