Harrisburg, NC -- (SBWire) -- 10/19/2020 --Foundries Global Market Report 2020-30: Covid 19 Impact And Recovery

The Market Insights Reports has added a new statistical market report to its repository titled as, Foundries Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The report also presents forecasts for Foundries investments from 2020 to 2030.

The global foundries market is expected to decline from $202 billion in 2019 to $173.3 billion in 2020 at a compound annual growth rate (CAGR) of -14.2%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $201.1 billion in 2023.

Top Leading Companies of Global Foundries Market are Alcoa; Bharat Forge; Hitachi Metals; Precision Castparts; AMCOL Metalcasting and others.

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Market Insights:

Asia Pacific was the largest region in the global foundries market, accounting for 54% of the market in 2019. Western Europe was the second largest region accounting for 18% of the global foundries market. Africa was the smallest region in the global foundries market.

Computer-Aided Designs (CAD) programs is a major trend in the foundry market for enhanced productivity. This technology involves the adaptation of CAD files to guide additive manufacturing programs. This is similar to 3D-printing of bonded sand into optimally designed molds and cores. CAD programs help the companies in this market to optimize the casting designs.

The foundries market consists of sales of molded castings by entities (organizations, sole traders and partnerships) that pour molten metal into molds to produce castings. Foundries include iron foundries, steel investment foundries, steel foundries, non-ferrous metal die casting foundries, aluminum foundries and other non-ferrous metal foundries.   

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Foundries Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

Geographically, this report is segmented into several key Regions, with sales, revenue, Market Share (%) and Growth Rate (%) of Foundries in these regions, from 2015 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Furthermore, the report provides a detailed analysis of the global Foundries market with an analysis of market size by value and volume. Along with this, an analysis of the penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Foundries market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

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Research uses a bottom-up approach to assess the overall size of the market. Data from different industries and end-user industries and their applications across different product types are recorded and forecast during the forecast period. These segments and sub-segments are documented by industry experts and experts, as well as company representatives, and by analyzing data from these segments and sub-segments over the last few years, externally verified to gain market size.

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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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