The rapid urbanization across the globe has provoked the demand for infrastructure development across the globe. As per the UN, nearly 54.0% of the population lives in the urban area in 2014, which was estimated to be around 3.86 billion. It is expected to reach 66% by 2050 which will be more than 6 billion people. As per the World Urbanization Prospects by the UN, the largest urban growth will take place in India, China, and Nigeria. Urbanization in emerging economies has been growing significantly since 2014. There were only 28 mega-cities projects in 2014 which is expected to reach 41 by 2030. The growing urbanization across the globe will create demand for casting tools in infrastructure development which in turn will drive the growth of the global foundry tools market.
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COVID-19 pandemic led negative impact on the growth of the foundry tools market due to negative impact of COVID-19 pandemic on construction industry. Nevertheless, the rising investments in infrastructure & automotive industry development post-COVID-19 in order to stimulate economic growth across the globe are expected to bolster the demand for foundry tools during the forecast period.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Foundry Tools Market, By Type
- Shovels
- Trowels
- Rammers
- Others
Global Foundry Tools Market, By Application
- Automotive
- Machinery & Equipment
- Aerospace & Defense
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Ammann Group
- Apex Tool Group
- Bartell Global
- Belmont Metals, Inc.
- BOMAG GmbH
- Corbett Industries, Inc.
- Crowder Supply Co.
- Doosan Portable Power
- Freeman Manufacturing & Supply Co.
- GIBA
- Hitachi Construction Machinery Co., Ltd.
- Holmatro B.V.
- Husqvarna AB
- J C Bamford Excavators Ltd.
- McEnglevan Industrial Furnace Company, Inc.
- Midvale Industries, Inc.
- Mikasa Sangyo Co.,Ltd.
- Morgan Advanced Materials plc
- The Toro Company
- USA Air Tools
- Wacker Neuson SE
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global foundry tools market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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