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LONDON, GREATER LONDON, UK, July 15, 2019 /EINPresswire.com/ — The foundries market expected to reach a value of nearly $303 billion by 2022, significantly growing at a growth rate of around 9% during the forecast period. The growth in the foundries market is due to increase in new vehicle sales in rapidly developing countries such as china and India owing to rise in disposable income, growing population.
However, the market for foundries is expected to face certain restraints from several factors such as interest rate increases, workforce issues.
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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.
The Global Foundries Market Is Further Segmented Based On Type And Geography:
By Type – The foundries market is segmented into ferrous metal foundries, nonferrous metal foundries.
By Geography – The global foundries is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific foundries market accounts the largest share in the global foundries market.
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Trends In The 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, as the major trends witnessed in the global foundries market.
Potential Opportunities In The Foundries Market
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global foundries market is expected to significantly rise in the forecast period.
Major players in the global foundries market include Alcoa, Bharat Forge, Hitachi Metals, Precision Castparts, AMCOL Metalcasting.
Foundries Global Market Report 2019 is one of a series of new reports from The Business Research Company that provides foundries market overviews, analyzes and forecasts foundries market size and growth for the global foundries market, foundries market share, foundries market players, foundries market size, foundries market segments and geographies, foundries market trends, foundries market drivers and foundries market restraints, foundries market’s leading competitors’ revenues, profiles and market shares. The foundries market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More
Read Foundries Global Market Report 2019 from The Business Research Company for information on the following:
Markets Covered: global foundries market, ferrous metal foundries, nonferrous metal foundries.
Data Segmentations: foundries market size, global and by country; historic and forecast size, and growth rates for the world, 7 regions and 12 countries
Foundries Market Organizations Covered: Alcoa, Bharat Forge, Hitachi Metals, Precision Castparts, AMCOL Metalcasting.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Time Series: Five years historic (2014-18) and forecast (2018-22).
Other Information And Analyses: PESTEL analysis, foundries market customer information, foundries market product/service analysis – product examples, foundries market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global foundries market in 2019 – countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Foundries Industry: The report explains a number of strategies for companies in the foundries market, based on industry trends and company analysis.
Opportunities For Companies In The Foundries Sector: The report reveals where the global foundries industry will put on most $ sales up to 2022.
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Source: EIN Presswire