Foundry Equipment Market Research Report: By Equipment Type (Molding Machines, Melting Furnaces, Pouring Systems, Automated Guided Vehicles (AGVs), Other Equipment), By Foundry Process (Green Sand Casting, Investment Casting, Die Casting, Permanent Mold Casting, Centrifugal Casting), By Application (Automotive, Aerospace & Defense, Construction, Energy, Industrial Machinery) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032.

Global Foundry Equipment Market Overview

The Foundry Equipment Market Size was estimated at 15.79 (USD Billion) in 2022. The Foundry Equipment Industry is expected to grow from 16.36 (USD Billion) in 2023 to 22.5 (USD Billion) by 2032. The Foundry Equipment Market CAGR (growth rate) is expected to be around 3.6% during the forecast period (2024 - 2032).

Key Foundry Equipment Market Trends Highlighted

The Foundry Equipment Market is driven by various factors, including the growing demand for metal castings across diverse industries such as automotive, construction, and aerospace. The market is also fueled by technological advancements that enhance production efficiency and reduce costs. Automation, digitalization, and the adoption of Industry 4.0 technologies are shaping the industry landscape, improving precision, and optimizing resource utilization.Opportunities lie in the expansion of emerging markets, where demand for foundry equipment is rising due to increasing industrialization and infrastructure development. The growing focus on sustainability and environmental regulations has created opportunities for equipment manufacturers to offer eco-friendly and energy-efficient solutions.Recent trends include the integration of advanced sensing technologies, such as IoT and predictive analytics, for real-time monitoring and control of foundry processes. The adoption of 3D printing and additive manufacturing technologies is also transforming the industry, enabling customized and complex casting designs. Additionally, there is a growing emphasis on workforce safety and ergonomic improvements, leading to innovative equipment designs and safety measures.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Foundry Equipment Market Drivers

• 
  

  Increasing Demand for Lightweight and Durable Castings

  
  

The demand owing to lightweight and durable castings from various end-use industries, such as automotive, aerospace, construction, etc., are significant factors in driving the  Foundry Equipment Market Industry. Foundry equipment aids the production of optimum quality of casting that offers several advantages, such as lightweight and high strength-to-weight ratio, flexibility in design, cost efficiency, etc., making them suitable for applications where weight is to be reduced along with the durability requirements.The increasing applications of lightweight materials such as aluminum and magnesium alloys in the automotive industry, which aims at reducing weight to improve fuel efficiency and performance, require foundry equipment capable of producing complex designs with high accuracy and precision. Similarly, the increasing demand for lightweight and durable castings in the aerospace industry for producing aircraft engines, systems and structural parts is driving the  Foundry Equipment Market Industry.

Technological Advancements in Foundry Equipment

Technological advancements in equipment are among the factors that are positively revolutionizing the foundry industry, enabling its growth. Foundries are increasingly using automation, robotics, and Industry 4.0 technologies to enhance their operations, which provides such benefits as higher efficiency and productivity or better quality of products. In addition, with the help of advanced melting and molding technology, foundries can manufacture castings with better mechanical properties and high precision.For example, production through a vacuum induction melting furnace and the use of precision casting reduce both production and finishing costs. This helps companies to meet the growing customer demand for such castings as turbine components for power generation.

Growing Emphasis on Sustainability

The shift in focus towards sustainability and the enforcement of environmental regulations are promoting the demand for eco-friendly foundry equipment. Foundries are increasingly taking recourse to their environment-friendly options to limit their carbon footprint and comply with the regulations. The use of equipment that is energy-efficient, waste heat recovery systems and molding materials that are sustainable are on the rise. Furthermore, there is a demand for castings manufactured from materials that are recycled, which also supports the growth of the  Foundry Equipment Market Industry.

Foundry Equipment Market Segment Insights 

Foundry Equipment Market Equipment Type Insights

The  foundry equipment market is segmented by equipment type into molding machines, melting furnaces, pouring systems, automated guided vehicles, and other equipment. This is one of the segments with greater importance, as the molding machines were the ones holding the largest market share in 2023, and they are expected to continue with that tendency throughout the forecast period. The growth of this segment can be attributed to the increasing demand for castings seen in important industries such as automotive, construction, and aerospace.Another important segment of this market is that of the melting furnaces, and they are expected to see considerable growth throughout the next years, as well. The growth expected in this segment is also driven by the increasing demand for high-quality castings. The pouring systems are also expected to grow at a stable pace, as the installation of automated pouring systems in foundries is expected to grow steadily. The final segment to be considered is the automated guided vehicles, which are gaining more and more space in foundries, as they are able to provide the owners of these companies with several benefits, such as better efficiency, lower cost labor, and higher levels of safety.Another segment, the other equipment, is also expected to allow for more stable growth of the market, as equipment such as sand preparation equipment, core-making machines, and finishing equipment are expected to continue with growing demand. Overall, the market is expected to grow at a steady pace due to the increasing demand for castings in different industries. The use of new, more advanced technologies, such as automation and robotics, is also expected to be a factor of growth for this market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Foundry Equipment Market Foundry Process Insights

Foundry Process It is possible to say that foundry processes represent various methods of developing metal castings that can be implemented in different facilities for adjusting particular products. The following elements will discuss green sand casting, investment casting, die casting, permanent mold casting, and centrifugal casting which are applied across different industries because of certain benefits of each method. Green Sand Casting Being a rather widespread method, green sand casting utilizes a mold created from the damp sand to develop complex castings with a large number of details.It should be recognized that its flexibility and cost-effectiveness make it possible to use this method in different facilities, from automobiles and construction to machinery. A broader range of applications makes green sand casting superior to other foundry processes. Investment Casting In turn, the investment casting process starts with the production of a wax pattern of the needed castings, which is placed in the ceramic shell and then heated to obtain the molten metal. In fact, it is possible to state that investment casting is a perfect method for implementing precise and detailed castings that can be used in aerospace, medicine, ceramics, and jewelry.Die Casting Similarly to the previous method, die casting is also used to produce a large number of similar castings of complex products. However, in this instance, molten metal is pressured into the metal die, which results in high production rates. It should be noted that high dimensionality can be achieved, which can be beneficial for the mass production of small components that are used in automobiles, appliances, and electronics. Permanent Mold Casting On balance, permanent mold casting is even more similar to the die-casting method, although there is a variation in pressure.This method utilizes the existing metal mold, and lower pressure is applied to develop castings with a slightly rough surface. The permanent mold casting method is usually employed in high-rate mass production of medium and large castings, such as engine blocks and transmission cases. Centrifugal Casting Finally, the centrifugal casting method is used when developing tubular castings, such as pipes and cylinders. At that, molten metal should be poured into the rotating mold to create the centrifugal force that results in an even distribution of this substance.

Foundry Equipment Market Application Insights

The  Foundry Equipment Market is segmented by Application into Automotive, Aerospace Defense, Construction, Energy, and Industrial Machinery. The Aerospace Defense segment is expected to be the second largest segment in 2023 and is projected to grow at a CAGR of 3.4% through 2032. The Construction segment is expected to be the third largest segment in 2023, and is projected to grow at a CAGR of 3.2% through 2032. The Energy segment is expected to be the fourth largest segment in 2023 and is projected to grow at a CAGR of 3.0% through 2032.The Industrial Machinery segment is expected to be the fifth largest segment in 2023 and is projected to grow at a CAGR of 2.8% through 2032.

Foundry Equipment Market Regional Insights

The  Foundry Equipment Market is segmented into North America, Europe, APAC, South America, and MEA. North America held the largest share of the  market in 2023 and is expected to continue to dominate the market throughout the forecast period. The growth of the North American market is primarily driven by the increasing demand for automotive and aerospace components, as well as the growing adoption of advanced manufacturing technologies. Europe is the second-largest market for foundry equipment and is expected to witness significant growth over the forecast period.The growth of the European market is driven by the increasing demand for industrial machinery and equipment, as well as the growing adoption of automation and robotics in manufacturing processes. The APAC region is expected to be the fastest-growing market for foundry equipment over the forecast period. The growth of the APAC market is primarily driven by the increasing demand for consumer electronics and appliances, as well as the growing adoption of advanced manufacturing technologies in emerging economies such as China and India. South America and MEA are expected to witness moderate growth over the forecast period.The growth of these markets is driven by the increasing demand for industrial machinery and equipment, as well as the growing adoption of advanced manufacturing technologies in emerging economies such as Brazil and Saudi Arabia.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Foundry Equipment Market Key Players And Competitive Insights

Major players in the Foundry Equipment Market are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and forming strategic partnerships. The Foundry Equipment Market industry is characterized by the presence of both established players and emerging startups, each offering a unique set of products and services. Leading Foundry Equipment Market players are focused on providing innovative solutions that meet the evolving needs of customers in various industries, including automotive, aerospace, and construction. The Foundry Equipment Market development is driven by advancements in technology, increasing demand for lightweight and durable materials, and the growing adoption of automation in manufacturing processes.A leading company in the Foundry Equipment Market industry is DISA Industries A/S, a Denmark-based manufacturer of foundry equipment and solutions. The company offers a comprehensive range of products, including molding machines, core shooters, and environmental control systems. DISA Industries A/S has a  presence with operations in over 60 countries and is known for its innovative technology and commitment to customer satisfaction. The company's focus on research and development has resulted in the development of advanced foundry equipment that improves productivity, reduces costs, and enhances safety. DISA Industries A/S is a trusted partner for foundries worldwide, providing reliable and efficient solutions that meet their specific needs.A competitor in the Foundry Equipment Market is HWS Group, a Germany-based manufacturer of foundry equipment and consumables. The company offers a wide range of products, including molding machines, core shooters, and sand preparation systems. HWS Group is known for its high-quality products and its commitment to sustainability. The company's focus on innovation has resulted in the development of environmentally friendly foundry equipment that reduces emissions and energy consumption. HWS Group has a  presence with operations in over 40 countries and is a preferred supplier for foundries in various industries. The company's commitment to customer service and technical support ensures that customers receive the best possible experience.

Key Companies in the Foundry Equipment Market Include

• Veeco Instruments


• Primus Power


• ASML


• JSR Micro


• Tokyo Electron


• Nikon


• KLA Corporation


• Mattson Technology


• Showa Denko


• Daifuku


• Lam Research


• SCREEN Semiconductor Solutions


• Applied Materials


• Fujifilm Electronic Materials


• Hitachi HighTech

Foundry Equipment Market Industry Developments

The Foundry Equipment Market is poised to exhibit a steady growth trajectory, reaching a projected valuation of 16.36 billion USD by 2023. This growth is attributed to increasing demand for castings in various industries, including automotive, construction, and aerospace. The rising adoption of advanced technologies, such as 3D printing and automation, is further propelling market expansion. Key players in the market are focusing on strategic partnerships and mergers and acquisitions to enhance their product portfolios and expand their geographical reach. Recent developments include the acquisition of ASK Chemicals by Evonik Industries and the partnership between DISA and Sinto to develop next-generation foundry solutions. These developments indicate a promising future for the Foundry Equipment Market, driven by technological advancements and industry collaborations.

Foundry Equipment Market Segmentation Insights

Foundry Equipment Market Equipment Type Outlook

• Molding Machines


• Melting Furnaces


• Pouring Systems


• Automated Guided Vehicles (AGVs)


• Other Equipment

Foundry Equipment Market Foundry Process Outlook

• Green Sand Casting


• Investment Casting


• Die Casting


• Permanent Mold Casting


• Centrifugal Casting

Foundry Equipment Market Application Outlook

• Automotive


• Aerospace Defense


• Construction


• Energy


• Industrial Machinery

Foundry Equipment Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa